Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 63

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 63
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)12.5 %11.1 %11.2 %(9.7)%(16.9)%11.63 %(0.35)%Pre-provision net revenueNet interest income (GAAP)$1,184 $1,141 $1,096 $1,051 $952 $3,421 $2,714 Plus:Taxable-equivalent adjustment9 9 9 10 12 27 35 Noninterest income702 690 668 (196)(269)2,060 1,005 Less:Noninterest expense1,177 1,154 1,131 1,229 1,094 3,462 3,316 Pre-provision net revenue from continuing operations (non-GAAP)$718 $686 $642 $(364)$(399)$2,046 $438 

(a)Net of capital surplus.

Adjusted noninterest expense and adjusted noninterest income are non-GAAP measures in that they are adjusted to exclude the impact of significant or unusual items. Management believes adjusting for significant or unusual items provide investors with useful information to gain a better understanding of ongoing operations and enhance comparability of results with prior periods, as well as demonstrate the effects of the financial impacts related to those selected items.

 Three months endedNine months endedDollars in millions9/30/20256/30/20253/31/202512/31/20249/30/20249/30/20259/30/2024Adjusted noninterest expenseNoninterest expense (GAAP)$1,177 $1,154 $1,131 $1,229 $1,094 $3,462 $3,316 Adjustments:FDIC special assessment (other expense)5 — — 3 6 5 (28)Adjusted noninterest expense (non-GAAP)$1,182 $1,154 $1,131 $1,232 $1,100 $3,467 $3,288 Adjusted noninterest incomeNoninterest income (GAAP)$702 $690 $668 $(196)$(269)$2,060 $1,005 Adjustments:Loss on sale of securities for securities repositioning— — — 915 918 — 918 Scotiabank investment agreement valuation (other income)— — — 3