Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 58

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 58
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Liability for credit losses on lending-related commitments at end of period(b)$292 $280 $292 $280 Total allowance for credit losses at end of period$1,736 $1,774 $1,736 $1,774 Net loan charge-offs to average total loans0.42 %0.58 %0.41 %0.40 %Allowance for loan and lease losses to period-end loans1.36 1.42 1.36 1.42 Allowance for credit losses to period-end loans1.64 1.68 1.64 1.68 Allowance for loan and lease losses to nonperforming loans219.5 205.2 219.5 205.2 Allowance for credit losses to nonperforming loans263.8 243.7 263.8 243.7 Discontinued operations — education lending business:Loans charged off$1 $1 $2 $3 Recoveries1 — 1 1 Net loan charge-offs$— $(1)$(1)$(2)

(a)See Figure 9 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)Included in "Accrued expense and other liabilities" on the balance sheet.

43

Nonperforming assets

Figure 30 shows the composition of our nonperforming assets. As shown in Figure 30, nonperforming assets at September 30, 2025, decreased $104 million from December 31, 2024. 

See Note 1 (“Summary of Significant Accounting Policies”) of our 2024 Form 10-K under the headings “Nonperforming Loans,” “Impaired Loans,” and “Allowance for Loan and Lease Losses” for a summary of our nonaccrual and charge-off policies.

Figure 30. Summary of Nonperforming Assets and Past Due Loans from Continuing Operations

Dollars in millionsSeptember 30, 2025June 30, 2025March 31, 2025December 31, 2024September 30, 2024Commercial and industrial$253 $280 $288 $322 $365 Commercial real estate:Commercial mortgage214 226 206 243 176 Construction— — — — — Total commercial real