Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 151

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 1
Chunk 151
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52024OPERATING ACTIVITIESNet income (loss)$830 $493 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Provision for credit losses256 201 Depreciation, amortization, and accretion, net11 49 Increase in cash surrender value of corporate-owned life insurance(59)(57)Stock-based compensation expense63 53 Deferred income taxes (benefit)16 (60)Proceeds from sales of loans held for sale3,767 3,175 Originations of loans held for sale, net of repayments(3,506)(3,267)Net losses (gains) on sales of loans held for sale(60)(49)Net losses (gains) on leased equipment— (8)Net securities and other investments losses (gains)— 13 Net losses (gains) on sales of fixed assets— (3)Net change in:Trading account assets(91)(77)Accrued income and other assets95 36 Accrued expense and other liabilities(733)(586)Other operating activities, net505 229 NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES1,094 142 INVESTING ACTIVITIESNet decrease (increase) in short-term investments, excluding acquisitions5,940 (4,719)Purchases of securities available for sale(5,419)(3,646)Proceeds from sales of securities available for sale— 2,138 Proceeds from prepayments and maturities of securities available for sale3,256 1,114 Proceeds from prepayments and maturities of held-to-maturity securities484 614 Net decrease (increase) in other investments(16)(15)Net decrease (increase) in loans, excluding acquisitions, sales and transfers(2,294)5,407 Proceeds from sales of portfolio loans66 96 Proceeds from corporate-owned life insurance30 58 Purchases of premises, equipment, and software(33)(25)Proceeds from sales of premises and equipment3 10 NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES2,017 1,032 FINANCING ACTIVITIESNet increase (decrease) in deposits(2,855)133 Net increase (decrease) in short-term borrowings630 2,226 Net proceeds from issuance of long