Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 33

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 33
---
. Estimated Uninsured Deposits

Dollars in billionsMarch 31, 2025December 31, 2024September 30, 2024June 30, 2024March 31, 2024Uninsured deposits(a)$65.2 $64.4 $66.6 $62.3 $62.1 Total deposits150.7 149.8 150.4 145.7 144.2 Uninsured % of Deposits43 %43 %44 %43 %43 %(a) Intercompany deposits and accrued interest excluded from uninsured deposits$12.4 $12.4 $11.8 $10.5 $10.0 

As of March 31, 2025, approximately $13.3 billion of uninsured deposits were collateralized by government-backed securities compared to $12.3 billion as of December 31, 2024.

Wholesale funds, consisting of short-term borrowings and long-term debt, totaled $14.7 billion at March 31, 2025, compared to $14.2 billion at December 31, 2024. This change reflects the impact of long-term debt activity in the first quarter of 2025. Wholesale funding supplements client deposit funding and may rise or fall with seasonal or other funding needs. For more information regarding our wholesale funds, see Part II, Item 2. Management’s Discussion & Analysis of Financial Condition & Results of Operations under the heading “Risk Management - Liquidity risk management” of this report. 

Capital

The objective of capital management is to maintain capital levels consistent with our risk appetite and of a sufficient amount to operate under a wide range of economic conditions. Our current capital levels position us well to execute against our capital priorities including supporting organic growth and paying dividends.

The following sections discuss certain ways we have deployed our capital. For further information, see the Consolidated Statements of Changes in Equity and Note 18 (“Shareholders' Equity”). 

30

Dividends

Consistent with our capital plan, we paid a quarterly dividend of $.205 per Common Share for the first quarter of 2025. Further information regarding the capital planning process and CCAR is included under the heading “Capital planning and stress testing” beginning on page 15 in the “Supervision and Regulation” section of our 2024 Form 10-K.

Common shares outstanding

Our Common Shares are