Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 70

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 70
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54

Three months ended March 31, 2025:Dollars in millionsDecember 31, 2024ProvisionCharge-offsRecoveriesMarch 31, 2025Commercial and Industrial $639 $82 $(62)$10 $669 Commercial real estate:Real estate — commercial mortgage320 13 (36)— 297 Real estate — construction51 6 — — 57 Total commercial real estate loans371 19 (36)— 354 Commercial lease financing27 7 — — 34 Total commercial loans1,037 108 (98)10 1,057 Real estate — residential mortgage90 (19)(1)1 71 Home equity loans70 5 (1)1 75 Other consumer loans136 19 (14)2 143 Credit cards76 17 (12)2 83 Total consumer loans372 22 (28)6 372 Total ALLL — continuing operations1,409 130 (a)(126)16 1,429 Discontinued operations13 1 (1)— 13 Total ALLL — including discontinued operations$1,422 $131 $(127)$16 $1,442 (a)Excludes a credit related to reserves on lending-related commitments of $12 million.Three months ended March 31, 2024:Dollars in millionsDecember 31, 2023ProvisionCharge-offsRecoveriesMarch 31, 2024Commercial and Industrial $556 $151 $(62)$8 $653 Commercial real estate:Real estate — commercial mortgage419 (25)(5)— 389 Real estate — construction52 9 — — 61 Total commercial real estate loans471 (16)(5)— 450 Commercial lease financing33 (7)— 2 28 Total commercial loans1,060 128 (67)10 1,131 Real estate — residential mortgage162 (42)(1)2 121 Home equity loans86 (7)(1)1 79 Other consumer loans122 25 (16)2 133 Credit cards78 11 (12)1 78 Total consumer loans448 (13)(30)6 411 Total ALLL — continuing operations1,508 115 (a)(97)16 1,542 Discontinued operations16