Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 110

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 110
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 realized gains and $935 million in gross realized losses from the sale of securities available for sale.For the nine months ended September 30, 2025, we had no gross realized gains or losses from the sale of securities available for sale. For the nine months ended September 30, 2024, we recognized no gross realized gains and $948 million in gross realized losses from the sale of securities available for sale.At September 30, 2025 and December 31, 2024, securities available for sale and held-to-maturity securities totaling $19.2 billion and $19.1 billion, respectively, were pledged to secure securities sold under repurchase agreements, to secure public and trust deposits, to facilitate access to secured funding, and for other purposes required or permitted by law.The following table shows our securities by remaining maturity at September 30, 2025. CMOs, other mortgage-backed securities, and asset-backed securities in the available for sale portfolio and held-to-maturity portfolio are presented based on their expected average lives. The remaining securities, in both the available-for-sale and held-to-maturity portfolios, are presented based on their remaining contractual maturity. Actual maturities may differ from expected or contractual maturities since borrowers have the right to prepay obligations with or without prepayment penalties.

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September 30, 2025Securities Available for SaleHeld to Maturity SecuritiesDollars in millionsAmortized CostFair ValueAmortized CostFair ValueDue in one year or less$3,023 $3,030 $562 $555 Due after one through five years11,115 10,811 2,153 2,091 Due after five through ten years21,322 19,646 3,603 3,460 Due after ten years7,433 6,969 1,191 1,058 Total$42,893 $40,456 $7,509 $7,164 

7. Derivatives and Hedging ActivitiesWe are a party to various derivative instruments, mainly through our subsidiary, KeyBank. The primary derivatives that we use are interest rate swaps, caps, floors, forwards, and futures; foreign exchange contracts; commodity derivatives; and credit derivatives. Generally, these instruments help us manage exposure to interest rate risk, mitigate the credit risk inherent in our loan portfolio, hedge against changes in foreign currency exchange rates, and facilitate client financing and hedging needs.Add