Company: KEY-PI
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0000091576-25-000038
Chunk: 67

Company: KEYCORP /NEW/
Filing Date: 2025-02-21
Form: 10-K
Item: Item 8
Chunk 67
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 (a)For periods ended in a loss from continuing operations attributable to Key common shareholders, anti-dilutive instruments have been excluded from the calculation of diluted earnings per share.(b)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.(c)EPS may not foot due to rounding.

3. Restrictions on Cash, Dividends, and Lending Activities Capital distributions from KeyBank and other subsidiaries are our principal source of cash flows for paying dividends on our common and preferred shares, servicing our debt, and financing corporate operations. Federal banking law limits the amount of capital distributions that a bank can make to its holding company without prior regulatory approval. A national bank’s dividend-paying capacity is affected by several factors, including net profits (as defined by statute) for the previous two calendar years and for the current year, up to the date the dividend is declared.During 2024, KeyBank paid $750 million in dividends to KeyCorp. At December 31, 2024, KeyBank had no regulatory capacity to pay dividends to KeyCorp without prior regulatory approval. At December 31, 2024, KeyCorp held $5.2 billion in cash and short-term investments, which can be used to pay dividends to shareholders, service debt, and finance corporate operations.

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4. Loan Portfolio Loan Portfolio by Portfolio Segment and Class of Financing Receivable (a)December 31,  Dollars in millions20242023Commercial and industrial (b)$52,909 $55,815 Commercial real estate:Commercial mortgage13,310 15,187 Construction2,936 3,066 Total commercial real estate loans16,246 18,253 Commercial lease financing (c)2,736 3,523 Total commercial loans71,891 77,591 Residential — prime loans:Real estate — residential mortgage19,886 20,958 Home equity loans6,358 7,139 Total residential — prime loans26,244 28,097 Other consumer loans5,167 5,916 Credit cards958 1,002 Total consumer loans32,369 35,015 Total loans (d)$104,260 $112,606 (a)Accrued interest of $456 million and $522 million at December 31, 2024, and December 31, 2023, respectively, is presented in "Accrued income and other assets" on the Consolid