Company: KEY-PI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0000091576-25-000110
Chunk: 76

Company: KEYCORP /NEW/
Filing Date: 2025-08-05
Form: 10-Q
Item: Item 2
Chunk 76
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 through the time the financial statements were issued. Financial statements are considered issued when they are widely distributed to all shareholders and other financial statement users or filed with the SEC.Accounting Guidance Adopted in 2025 StandardDate of AdoptionDescriptionEffect on Financial Statements or Other Significant MattersASU 2023-09 IncomeTaxes (Topic 740)Annual periods beginningJanuary 1, 2025Early adoption ispermitted.This guidance requires certain annual tax disclosures related to rate reconciliation and income taxes paid.The guidance should be applied on a prospective or retrospective basis.The guidance is not expected to have a material impact and will be incorporated into Key’s annual tax disclosures within the Form 10-K.

2. Earnings Per Common Share Basic earnings per share is the amount of earnings (losses), adjusted for dividends declared on our preferred stock, available to each Common Share outstanding during the reporting periods. Diluted earnings per share is the amount of earnings (losses) available to each Common Share outstanding during the reporting periods adjusted to include the effects of potentially dilutive Common Shares. Potentially dilutive Common Shares include stock options and other stock-based awards. Potentially dilutive Common Shares are excluded from the computation of diluted earnings per share in the periods where the effect would be antidilutive. 

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Our basic and diluted earnings per Common Share are calculated as follows: Three months ended June 30,Six months ended June 30,Dollars in millions, except per share amounts2025202420252024EARNINGSIncome (loss) from continuing operations$423 $273 $829 $492 Less: Dividends on Preferred Stock36 36 72 72 Income (loss) from continuing operations attributable to Key common shareholders387 237 757 420 Income (loss) from discontinued operations, net of taxes2 1 1 1 Net income (loss) attributable to Key common shareholders$389 $238 $758 $421 WEIGHTED-AVERAGE COMMON SHARESWeighted-average Common Shares outstanding (000)1,100,033 931,726 1,098,453 930,776 Effect of Common Share options and other stock awards7,177 6,761 8,331 7,040 Weighted-average Common Shares and potential Common Shares outstanding (000)(a)1,107,210 938,487 1,106,784 937,816 EARNINGS PER COMMON SHAREIncome (loss