Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 180

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 1
Chunk 180
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-average of the significant unobservable inputs used to measure the fair value of our material Level 3 recurring and nonrecurring assets at September 30, 2025, and December 31, 2024, along with the valuation techniques used, are shown in the following table:Level 3 Asset (Liability) Valuation TechniqueSignificantUnobservable InputRange (Weighted-Average) (a), (b)Dollars in millionsSeptember 30, 2025December 31, 2024September 30, 2025December 31, 2024Recurring    Loans, net of unearned income (residential)$10 $10 Market comparable pricingComparability factor74.30 - 99.00% (84.62%)68.00-95.00% (77.48%)Derivative instruments:Interest rate3 (4)Discounted cash flowsProbability of default.02 - 100% (4.60%).02 - 100% (5.00%)Loss given default0 - 1 (.500)0 - 1 (.500)Insignificant level 3 assets, net of liabilities(c)3 2 Nonrecurring   Collateral-dependent loans96 152 Fair value of collateralCredit and liquidity discount0  - 100.00% (33.00%)0  - 100.00% (33.00%)Loans held for sale3 — Market comparable pricingComparability factorN/MN/AAccrued income and other assets: (d)OREO and other Level 3 assets9 14 Appraised valueAppraised valueN/MN/M(a)The weighted average of significant unobservable inputs is calculated using a weighting relative to fair value.(b)For significant unobservable inputs with no range, a single figure is reported to denote the single quantitative factor used.(c)Represents the aggregate amount of Level 3 assets and liabilities measured at fair value on a recurring basis that are individually and in the aggregate insignificant. The amount includes certain equity investments and certain financial derivative assets and liabilities.(d)Excludes $23 million pertaining to mortgage servicing assets measured on a nonrecurring basis as of September 30, 2025. Refer to Note 8 (“Mortgage Servicing Assets”) for significant unobservable inputs pertaining to these assets.

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Fair Value Disclosures of Financial InstrumentsThe levels in the fair value hierarchy ascribed to our financial instruments and