Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 141

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 141
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 Contract RevenueNONINTEREST INCOMETrust and investment services income$355 $55 $410 $334 $51 $385 Investment banking and debt placement fees— 387 387 — 357 357 Services charges on deposit accounts105 112 217 103 93 196 Cards and payments income131 121 252 133 114 247 Other noninterest income6 — 6 10 — 10 Total revenue from contracts with customers$597 $675 $1,272 $580 $615 $1,195 Other noninterest income (a)$685 $660 Noninterest income from other segments(b)103 (850)Total noninterest income$2,060 $1,005 (a)Noninterest income considered earned outside the scope of contracts with customers.(b)Other includes other segments that consists of corporate treasury, our principal investing unit, and various exit portfolios as well as reconciling items which primarily represents the unallocated portion of nonearning assets of corporate support functions. Charges related to the funding of these assets are part of net interest income and are allocated to the business segments through noninterest expense. Corporate treasury includes realized gains and losses from transactions associated with Key's investment securities portfolio. Reconciling items also includes intercompany eliminations and certain items that are not allocated to the business segments because they do not reflect their normal operations. Refer to Note 19 (“Business Segment Reporting”) for more information.We had no material contract assets or contract liabilities as of September 30, 2025, and September 30, 2024.

91

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors of KeyCorp

Results of Review of Interim Financial Statements

We have reviewed the accompanying consolidated balance sheet of KeyCorp as of September 30, 2025, the related consolidated statements of income, comprehensive income, changes in equity for the three- and nine-month period ended September 30, 2025 and 2024, the related consolidated statements of cash flows for the nine-month period ended September 30, 2025 and 2024, and the related notes (collectively referred to as the “consolidated interim financial statements”). Based on our reviews, we are not aware of any material modifications that should be made to the consolidated interim financial statements for them to be in conformity with U.S. generally accepted accounting principles.

We have previously audited, in