Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 271

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 271
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 Loans,” “Impaired Loans,” and “Allowance for Loan and Lease Losses” for a summary of our nonaccrual and charge-off policies.

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Figure 33. Summary of Nonperforming Assets and Past Due Loans from Continuing Operations

December 31,  Dollars in millions20242023Commercial and industrial$322 $297 Real estate — commercial mortgage243 100 Real estate — construction— — Total commercial real estate loans (a)243 100 Commercial lease financing— — Total commercial loans (b)565 397 Real estate — residential mortgage92 71 Home equity loans89 97 Other consumer loans5 4 Credit cards7 5 Total consumer loans193 177 Total nonperforming loans758 574 Nonperforming loans held for sale— — OREO14 17 Other nonperforming assets— — Total nonperforming assets$772 $591 Accruing loans past due 90 days or more$90 $107 Accruing loans past due 30 through 89 days206 222 Restructured loans — accruing and nonaccruing (c)N/AN/ARestructured loans included in nonperforming loans (c)N/AN/ANonperforming assets from discontinued operations — education lending business2 3 Nonperforming loans to period-end portfolio loans.73 %.51 %Nonperforming assets to period-end portfolio loans plus OREO and other nonperforming assets (c).74 .52 

(a)See Figure 10 and the accompanying discussion in the “Loans and loans held for sale” section for more information related to our commercial real estate loan portfolio. 

(b)See Figure 9 and the accompanying discussion in the “Loans and loans held for sale” section for more information related to our commercial loan portfolio.

(c)Restructured loans are those for which Key, for reasons related to a borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. See Note 5 (“Asset Quality“) for more information. These concessions are made to improve the collectability of the loan and generally take the form of a reduction of the interest rate, extension of the maturity date or reduction in the principal balance.

Figure 34 shows the types of activity that caused the change in our nonperforming loans during each of the last four quarters and the years