Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 18

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 18
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 under administration6,434 6,093 5,779 5,136 4,663 Total$61,053 $61,361 $61,122 $57,602 $57,305     

Investment banking and debt placement fees

Investment banking and debt placement fees consist of syndication fees, debt and equity securities underwriting fees, merger and acquisition and financial advisory fees, gains on sales of commercial mortgages, and agency origination fees. For the three months ended March 31, 2025, investment banking and debt placement fees were up $5 million, or 2.9%, compared to the same period one year ago, driven by an increase in syndication fees offset by lower merger and acquisition and underwriting fees. 

Service charges on deposit accounts

Service charges on deposit accounts increased $6 million, or 9.5%, for the three months ended March 31, 2025, compared to the same period one year ago. The increase was driven primarily by higher account analysis fees.

Cards and payments income

Cards and payments income, which consists of debit card, prepaid card, consumer and commercial credit card, and merchant services income, increased $5 million, or 6.5% for the three months ended March 31, 2025, compared to the same period one year ago. This increase was primarily driven by an increase in merchant services income. 

Other noninterest income

Other noninterest income includes operating lease income and other leasing gains, corporate services income,

corporate-owned life insurance income, consumer mortgage income, commercial mortgage servicing fees, net securities gains (losses), and other income. Other noninterest income for the three months ended March 31, 2025, increased $2 million, or 1.0%, from the year-ago quarter. This change was driven by an increase in commercial mortgage servicing fees reflecting higher active special servicing balances and overall growth of the servicing portfolio. This was partially offset by a decrease in operating lease income and other leasing gains. 

Noninterest expense

As shown in Figure 6, noninterest expense was $1.1 billion for the first quarter of 2025, compared to $1.1 billion for the first quarter of 2024. 

The following discussion explains the composition of certain elements of our noninterest expense and the factors that caused those elements to change.

17

Figure 6. Noninterest Expense 

(a)Other noninterest expense includes equipment, operating lease expense