Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 78

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 78
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(3)(1)2 68 Other consumer loans136 43 (42)6 143 Credit cards76 36 (35)5 82 Total consumer loans372 52 (79)16 361 Total ALLL — continuing operations1,409 361 (a)(393)67 1,444 Discontinued operations13 — (2)1 12 Total ALLL — including discontinued operations$1,422 $361 $(395)$68 $1,456 (a)Excludes a provision for losses on lending-related commitments of $2 million. Nine months ended September 30, 2024:Dollars in millionsDecember 31, 2023ProvisionCharge-offsRecoveriesSeptember 30, 2024Commercial and Industrial $556 $336 $(279)$46 $659 Commercial real estate:Real estate — commercial mortgage419 (41)(22)2 358 Real estate — construction52 12 — — 64 Total commercial real estate loans471 (29)(22)2 422 Commercial lease financing33 (3)(6)5 29 Total commercial loans1,060 304 (307)53 1,110 Real estate — residential mortgage162 (53)(2)4 111 Home equity loans86 (14)(2)2 72 Other consumer loans122 49 (49)6 128 Credit cards78 26 (35)4 73 Total consumer loans448 8 (88)16 384 Total ALLL — continuing operations1,508 312 (a)(395)69 1,494 Discontinued operations16 (1)(3)1 13 Total ALLL — including discontinued operations$1,524 $311 $(398)$70 $1,507 (a)Excludes a credit for losses on lending-related commitments of $16 million.As described in Note 1 ("Summary of Significant Accounting Policies"), under the heading “Allowance for Loan and Lease Losses” beginning on page 112 of our 2024 Form 10-K, we estimate the ALLL using relevant available information, from internal and external sources, relating to past events, current economic and portfolio conditions, and reasonable and supportable forecasts. In our estimation of expected credit losses, we use a two year reasonable and supportable period across all products. Following this