Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 274

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 274
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$14,637 $13,454 Less:Intangible assets (a)2,779 2,806 2,844 Preferred Stock (b)2,446 2,446 2,446 Tangible common equity (non-GAAP)$12,951 $9,385 $8,164 Total assets (GAAP)$187,168 $188,281 $189,813 Less:Intangible assets (a)2,779 2,806 2,844 Tangible assets (non-GAAP)$184,389 $185,475 $186,969 Tangible common equity to tangible assets ratio (non-GAAP)7.02 %5.06 %4.37 %Average tangible common equityAverage Key shareholders’ equity (GAAP)$15,408 $13,881 $14,730 Less:Intangible assets (average) (c)2,793 2,826 2,839 Preferred Stock (average)2,500 2,500 2,114 Average tangible common equity (non-GAAP)$10,115 $8,555 $9,777 Return on average tangible common equity from continuing operationsIncome (loss) from continuing operations attributable to Key common shareholders (GAAP)$(306)$821 $1,793 Average tangible common equity (non-GAAP)$10,115 $8,555 $9,777 Return on average tangible common equity from continuing operations (non-GAAP)(3.03)%9.60 %18.34 %Return on average tangible common equity consolidatedNet income (loss) attributable to Key common shareholders (GAAP)$(304)$824 $1,799 Average tangible common equity (non-GAAP)10,115 8,555 9,777 Return on average tangible common equity consolidated (non-GAAP)(3.01)%9.63 %18.40 %

(a)For the years ended December 31, 2024, December 31, 2023, and December 31, 2022, intangible assets exclude less than $1 million, $1 million, and  $2 million, respectively, of period-end purchased credit card relationships.

(b)Net of capital surplus.

(c)For the years ended December 31, 2024, December 31, 2023, and December 31, 202