Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 235

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 8
Chunk 235
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 rate$(283)Interest income — Loans$(216)Interest rate1 Interest expense — Long-term debt— Interest rate1 Investment banking and debt placement fees1 Total$(281)$(215)Nonhedging instruments. The following table summarizes the pre-tax net gains (losses) on our derivatives that are not designated as hedging instruments for the three-month periods ended March 31, 2025, and March 31, 2024, and where they are recorded on the income statement. Three months ended March 31, 2025Three months ended March 31, 2024Dollars in millionsCorporateservicesincomeConsumer mortgage incomeOther incomeTotalCorporate services incomeConsumer mortgage incomeOther incomeTotalNET GAINS (LOSSES)Interest rate$8 $— $6 $14 $10 $— $— $10 Foreign exchange12 — — 12 12 — — 12 Commodity2 — — 2 3 — — 3 Credit— — (12)(12)— — (11)(11)Other— — 5 5 — 3 3 6 Total net gains (losses)$22 $— $(1)$21 $25 $3 $(8)$20 Counterparty Credit RiskWe hold collateral in the form of cash and highly rated securities issued by the U.S. Treasury, government-sponsored enterprises, or GNMA. Cash collateral of $38 million was netted against derivative assets on the balance sheet at March 31, 2025, compared to $75 million of cash collateral netted against derivative assets at December 31, 2024. The cash collateral netted against derivative liabilities totaled $287 million at March 31, 2025, and $124 million at December 31, 2024. Our means of mitigating and managing exposure to credit risk on derivative contracts is described in Note 8 (“Derivatives and Hedging Activities”) beginning on page 144 of our 2024 Form 10-K under the heading “Counterparty Credit Risk.”The following table summarizes the fair value of our derivative assets by type at the dates indicated. These assets represent our net exposure to potential loss after taking into account the effects of bilateral collateral and master netting agreements and other means used to mitigate risk.Dollars in millionsMarch 31, 2025December