Company: KEY-PI
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0000091576-25-000058
Chunk: 35

Company: KEYCORP /NEW/
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 2
Chunk 35
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2025. Our capital and liquidity levels are intended to position us to weather an adverse operating environment while continuing to serve our clients’ needs, as well as to meet the Regulatory Capital Rules described in Item 1. Business of our 2024 Form 10-K under the heading “Supervision and Regulation.” Our shareholders’ equity to assets ratio was 10.1% and 9.7% at March 31, 2025, and December 31, 2024, respectively. Our tangible common equity to tangible assets ratio was 7.4% and 7.0% at March 31, 2025, and December 31, 2024, respectively. See the section entitled “GAAP to Non-GAAP Reconciliations,” which presents the computations of certain financial measures related to “tangible common equity.” The minimum capital and leverage ratios under the Regulatory Capital Rules together with the ratios of KeyCorp at March 31, 2025, are set forth in the “Supervision and regulation — Regulatory capital requirements” section in Part I, Item 2 of this report.

Figure 19 represents the details of our regulatory capital positions at March 31, 2025, and December 31, 2024, under the Regulatory Capital Rules. Information regarding the regulatory capital ratios of KeyCorp’s banking subsidiaries is presented annually, with the most recent information included in Note 24 (“Shareholders' Equity”) beginning on page 175 of our 2024 Form 10-K. 

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 Figure 19. Capital Components and Risk-Weighted Assets 

Dollars in millionsMarch 31, 2025December 31, 2024COMMON EQUITY TIER 1Key shareholders’ equity (GAAP)$19,003 $18,176 Less:Preferred Stock (a)2,446 2,446 Add:CECL phase-in (b)— 59 Common Equity Tier 1 capital before adjustments and deductions16,557 15,789 Less:Goodwill, net of deferred taxes2,570 2,574 Intangible assets, net of deferred taxes20 24 Deferred tax assets205 172 Net unrealized gains (losses) on available-for-sale securities, net of deferred taxes(2,363)(2,729)Accumulated gains (losses) on cash flow hedges, net of deferred taxes(186)(438)Amounts in AOCI attributed to pension and