Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 18

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 18
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urchase agreements295 9 4.26 109 3 4.44 6 — 6 Bank notes and other short-term borrowings2,308 75 4.35 3,371 140 5.55 (38)(27)(65)Long-term debt (f)11,643 572 6.57 18,386 952 6.90 (333)(47)(380)Total interest-bearing liabilities135,232 2,887 2.85 137,873 3,581 3.47 (261)(433)(694)Noninterest-bearing deposits27,807 28,947 Accrued expense and other liabilities4,447 4,908 Discontinued liabilities (f)240 306 Total liabilities167,726 172,034 EQUITYKey shareholders’ equity19,193 14,963 Total liabilities and equity$186,919 $186,997 Interest rate spread (TE)2.04 %1.32 %Net interest income (TE) and net interest margin (TE)$3,448 2.66 %$2,749 2.08 %$202 $497 $699 TE adjustment (b)27 35 Net interest income, GAAP basis$3,421 $2,714 

(a)Results are from continuing operations. Interest excludes the interest associated with the liabilities referred to in (f) below, calculated using a matched funds transfer pricing methodology.

(b)Interest income on tax-exempt securities and loans has been adjusted to a taxable-equivalent basis using the statutory federal income tax rate of 21% for the nine months ended September 30, 2025, and September 30, 2024, respectively.

(c)For purposes of these computations, nonaccrual loans are included in average loan balances.

(d)Commercial and industrial average balances include $215 million and $215 million of assets from commercial credit cards for the nine months ended September 30, 2025, and September 30, 2024, respectively.

(e)Yield presented is calculated on the basis of amortized cost excluding fair value hedge basis adjustments. The average amortized cost for securities available for sale was $43.2 billion and $42.4 billion for the nine months ended September 30, 2025, and September 30, 2024, respectively. Yield based on the fair