Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 285

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 8
Chunk 285
---
) from continuing operations before income taxes— — Income taxes$(2)$(2)Income (loss) from continuing operations

88

Six months ended June 30,Affected Line Item in the Statement Where Net Income is PresentedDollars in millions20252024Unrealized gains (losses) on available for sale securitiesRealized gains$— $— Other incomeRealized losses— (13)Other income— (13)Income (loss) from continuing operations before income taxes— (3)Income taxes$— $(10)Income (loss) from continuing operationsUnrealized gains (losses) on derivative financial instrumentsInterest rate$(183)$(415)Interest income — LoansInterest rate(2)(1)Interest expense — Long-term debtInterest rate— 1 Investment banking and debt placement fees(185)(415)Income (loss) from continuing operations before income taxes(45)(99)Income taxes$(140)$(316)Income (loss) from continuing operationsNet pension and postretirement benefit costsAmortization of losses$(3)$(4)Other expenseSettlement loss— — Other expenseAmortization of unrecognized prior service credit1 1 Other expense(2)(3)Income (loss) from continuing operations before income taxes(1)(2)Income taxes$(1)$(1)Income (loss) from continuing operations

18. Shareholders' Equity Comprehensive Capital PlanOn March 13, 2025, Key announced that its Board of Directors has authorized a share repurchase program pursuant to which we may purchase up to $1.0 billion of KeyCorp Common Shares, in the open market or in privately negotiated transactions.During the second quarter of 2025, Key did not complete any open market share repurchases. We repurchased less than $1 million of shares related to equity compensation programs in the second quarter of 2025. Consistent with our capital plan, the Board declared a quarterly dividend of $.205 per Common Share for the second quarter of 2025. Preferred StockThe following table summarizes our preferred stock at June 30, 2025.Preferred stock seriesAmount outstanding (in millions)Book value (net of capital surplus)Shares authorized and outstandingPar valueLiquidation preferenceOwnership interest per depositary shareLiquidation preference per depositary shareSecond quarter 2025 dividends paid per depositary share5.000% Fixed-to-Floating Rate Perpetual Noncumulative Series D$525