Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 26

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 26
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99 209 10,411 14.5 Healthcare2,707 1,204 210 4,121 5.7 Materials and extraction2,135 196 134 2,465 3.4 Oil and gas1,950 28 10 1,988 2.8 Public exposure1,961 7 387 2,355 3.3 Technology, media, and telecom521 10 44 575 0.8 Transportation849 127 291 1,267 1.8 Utilities7,279 6 422 7,707 10.7 Other396 60 5 461 0.6 Total$52,909 $16,246 $2,736 $71,891 100.0 %

Commercial and industrial. Commercial and industrial loans are the largest component of our loan portfolio, representing 53% of our total loan portfolio at June 30, 2025, and 51% at December 31, 2024. This portfolio is approximately 91% variable rate and consists of loans originated primarily to large corporate, middle market, and small business clients.

Commercial and industrial loans totaled $56.1 billion at June 30, 2025, an increase of $3.1 billion, or 6.0%, compared to December 31, 2024. The increase was broad-based across most industry categories.

Commercial real estate loans. Our commercial real estate portfolio includes project loans primarily focused in market-rate and affordable multi-family housing loans, owner-occupied commercial and industrial operating company buildings, and community center grocer-anchored retail centers. These three commercial real estate segments make up 72% of our commercial real estate portfolio. Our non-owner-occupied portfolio is focused on operators of commercial real estate who not only utilize our loan products, but also utilize our broader industry-focused products and services and provide consistent pipelines into our agency, CMBS, and other long-term market take out products. This focus ensures our relationship clients foster and build portfolios with stable, recurring cash flows, with adequate, balanced cash reserves to support our balance sheet exposures through the economic cycle. 

At June 30, 2025, commercial real estate loans totaled $16.7 billion, which includes $13.9 billion of mortgage loans and $2.8 billion of construction loans. Compared to December 31, 2024, this portfolio increased