Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 73

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 73
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 BALANCE AT MARCH 31, 20241,996 942,776 $2,500 $1,257 $6,164 $15,662 $(5,722)$(5,314)$14,547 Net income (loss)274 274 Other comprehensive income (loss)170 170 Deferred compensation— — Cash dividends declaredCommon Shares ($.205 per share)(194)(194)Series D Preferred Stock ($12.50 per depositary share)(6)(6)Series E Preferred Stock ($.382813 per depositary share)(7)(7)Series F Preferred Stock ($.353125 per depositary share)(6)(6)Series G Preferred Stock ($.351563 per depositary share)(7)(7)Series H Preferred Stock ($.387500 per depositary share)(10)(10)Employee equity compensation program Common Share repurchases(20)— — — Common Shares reissued (returned) for stock options and other employee benefit plans444 21 7 28 BALANCE AT JUNE 30, 20241,996 943,200 $2,500 $1,257 $6,185 $15,706 $(5,715)$(5,144)$14,789 

See Notes to Consolidated Financial Statements (Unaudited).

52

Consolidated Statements of Cash Flows

Dollars in millionsSix months ended June 30,(Unaudited)20252024OPERATING ACTIVITIESNet income (loss)$830 $493 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Provision for credit losses256 201 Depreciation, amortization, and accretion, net11 49 Increase in cash surrender value of corporate-owned life insurance(59)(57)Stock-based compensation expense63 53 Deferred income taxes (benefit)16 (60)Proceeds from sales of loans held for sale3,767 3,175 Originations of loans held for sale, net of repayments(3,506)(3,267)Net losses (gains) on sales of loans held for sale(60)(49)Net losses (gains) on leased equipment— (8)Net securities and other investments losses (gains)— 13 Net losses (gains) on sales of fixed assets— (3)Net change in:Trading account assets(91