Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 214

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 214
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33 $324 0.43 %Real estate — residential mortgage1 — — 12 13 0.06 Home equity loans2 1 1 7 11 0.16 Other consumer loans— 1 — 2 3 0.05 Credit cards— — — 4 4 0.43 Total consumer loans3 2 1 25 31 0.09 Total loans$31 $216 $50 $58 $355 0.32 %(a)Combination modifications consist primarily of loans modified with both an interest rate reduction and a term extension.Financial Effects of Modifications to Borrowers Experiencing Financial DifficultyThe following table summarizes the financial impacts of loan modifications made to specific loans for the noted periods.Three months ended March 31, 2025Weighted-average Interest Rate ChangeWeighted-average Term Extension (in years)LOAN TYPECommercial and Industrial(22.20)%0.47Commercial mortgage— %0.52Real estate — residential mortgage(1.45)%5.24Home equity loans(1.83)%6.05Other consumer loans(3.22)%0.40Credit cards(2.22)%0.25Three months ended March 31, 2024Weighted-average Interest Rate ChangeWeighted-average Term Extension (in years)LOAN TYPECommercial and Industrial(6.40)%0.33Commercial mortgage(1.91)%0.39Construction— %1.00Real estate — residential mortgage(1.53)%7.62Home equity loans(2.78)%5.74Other consumer loans(1.43)%0.70Credit cards(14.11)%0.25

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Amortized Cost Basis of Modified Loans That Subsequently DefaultedKey considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under modified terms as subsequently defaulted. The following table presents the amortized cost of modified loans to borrowers experiencing financial difficulty that were within 12 months of their modification and subsequently defaulted during the three months ended March 31, 2025.Three months ended March 31, 2025Dollars in millionsInterest Rate ReductionTerm ExtensionOtherCombinationTotalLOAN TYPECommercial real estateCommercial mortgage$— $19 $— $— $19 Total commercial real estate loans— 19 — — 19 Total commercial loans—