Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 55

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 55
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 in the “Loans and loans held for sale” section for more information related to our commercial real estate loan portfolio.

(b)Included in "Accrued expense and other liabilities" on the balance sheet.

43

Nonperforming assets

Figure 30 shows the composition of our nonperforming assets. As shown in Figure 30, nonperforming assets at March 31, 2025, decreased $72 million from December 31, 2024. 

See Note 1 (“Summary of Significant Accounting Policies”) of our 2024 Form 10-K under the headings “Nonperforming Loans,” “Impaired Loans,” and “Allowance for Loan and Lease Losses” for a summary of our nonaccrual and charge-off policies.

Figure 30. Summary of Nonperforming Assets and Past Due Loans from Continuing Operations 

Dollars in millionsMarch 31, 2025December 31, 2024September 30, 2024June 30, 2024March 31, 2024Commercial and industrial$288 $322 $365 $358 $360 Commercial real estate:Commercial mortgage206 243 176 173 113 Construction— — — — — Total commercial real estate loans(a)206 243 176 173 113 Commercial lease financing— — — 1 1 Total commercial loans494 565 541 532 474 Residential — prime loans:Real estate — residential mortgage94 92 87 77 79 Home equity loans87 89 90 91 95 Total residential — prime loans181 181 177 168 174 Other consumer loans4 5 4 4 4 Credit cards7 7 6 6 6 Total consumer loans192 193 187 178 184 Total nonperforming loans686 758 728 710 658 OREO14 14 13 17 16 Nonperforming loans held for sale— — — — — Other nonperforming assets— — — — — Total nonperforming assets$700 $772 $741 $727 $674 Accruing loans past due 90 days or more$86 $90 $166 $137 $119 Accruing loans past due 30 through 89 days281 206 184