Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 152

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 152
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22)%0.40Credit cards(2.22)%0.25Three months ended March 31, 2024Weighted-average Interest Rate ChangeWeighted-average Term Extension (in years)LOAN TYPECommercial and Industrial(6.40)%0.33Commercial mortgage(1.91)%0.39Construction— %1.00Real estate — residential mortgage(1.53)%7.62Home equity loans(2.78)%5.74Other consumer loans(1.43)%0.70Credit cards(14.11)%0.25

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Amortized Cost Basis of Modified Loans That Subsequently DefaultedKey considers modifications to borrowers experiencing financial difficulty that subsequently become 90 days or more past due under modified terms as subsequently defaulted. The following table presents the amortized cost of modified loans to borrowers experiencing financial difficulty that were within 12 months of their modification and subsequently defaulted during the three months ended March 31, 2025.Three months ended March 31, 2025Dollars in millionsInterest Rate ReductionTerm ExtensionOtherCombinationTotalLOAN TYPECommercial real estateCommercial mortgage$— $19 $— $— $19 Total commercial real estate loans— 19 — — 19 Total commercial loans— 19 — — 19 Credit cards— — — 1 1 Total consumer loans$— $— $— $1 $1 Total loans$— $19 $— $1 $20 The following table presents the amortized cost of modified loans to borrowers experiencing financial difficulty that were within 12 months of their modification and subsequently defaulted during the three months ended March 31, 2024.Three months ended March 31, 2024Dollars in millionsInterest Rate ReductionTerm ExtensionOtherCombinationTotalLOAN TYPECommercial and Industrial$— $50 $1 $— $51 Total commercial loans— 50 1 — 51 Total loans$— $50 $1 $— $51 Key closely monitors the performance of loans that are modified for borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts. The following table presents the amortized cost as of March 31, 2025, of loans modified during the 12 months then ended, by aging.As of March 31, 2025Current30-89 Days Past Due90 and GreaterDays