Company: KEY-PI
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048757
Chunk: 37

Company: KEYCORP /NEW/
Filing Date: 2025-11-04
Form: 10-Q
Item: Item 2
Chunk 37
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 capital levels consistent with our risk appetite and of a sufficient amount to operate under a wide range of economic conditions. Our current capital levels position us well to execute against our capital priorities including supporting organic growth and paying dividends.

The following sections discuss certain ways we have deployed our capital. For further information, see the Consolidated Statements of Changes in Equity and Note 18 (“Shareholders' Equity”). 

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Dividends

Consistent with our capital plan, we paid a quarterly dividend of $.205 per Common Share for the third quarter of 2025. Further information regarding the capital planning process and CCAR is included under the heading “Capital planning and stress testing” beginning on page 15 in the “Supervision and Regulation” section of our 2024 Form 10-K.

Common shares outstanding

Our Common Shares are traded on the NYSE under the symbol KEY with 26,173 holders of record at September 30, 2025. Our book value per Common Share was $15.86 based on 1.1 billion shares outstanding at September 30, 2025, compared to $14.21 per Common Share based on 1.1 billion shares outstanding at December 31, 2024. At September 30, 2025, our tangible book value per Common Share was $13.38, compared to $11.70 per Common Share at December 31, 2024.

Figure 18 shows activities that caused the change in outstanding Common Shares over the past five quarters.

Figure 18. Changes in Common Shares Outstanding

 20252024In thousandsThirdSecondFirstFourthThirdShares outstanding at beginning of period1,112,453 1,111,986 1,106,786 991,251 943,200 Shares issued under employee compensation plans (net of cancellations and returns)499 467 5,200 493 222 Shares issued under Scotiabank investment agreement— — — 115,042 47,829 Shares outstanding at end of period1,112,952 1,112,453 1,111,986 1,106,786 991,251 

As shown in Figure 18 above, Common Shares outstanding increased by 499 thousand shares during the third quarter of 2025, primarily attributable to shares issued under employee compensation plans. We did not complete any open market share repurchases in the third quarter of 2025.

At September 30, 2025, we had