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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
INTEREST INCOME        
Loans $ 1,466 $ 1,516 $ 4,310 $ 4,578
Loans held for sale 18 18 43 40
Securities available for sale 408 298 1,211 789
Held-to-maturity securities 64 70 188 218
Trading account assets 11 15 44 45
Short-term investments 156 244 487 578
Other investments 8 14 25 47
Total interest income 2,131 2,175 6,308 6,295
INTEREST EXPENSE        
Deposits 748 887 2,231 2,486
Federal funds purchased and securities sold under repurchase agreements 4 1 9 3
Bank notes and other short-term borrowings 14 43 75 140
Long-term debt 181 292 572 952
Total interest expense 947 1,223 2,887 3,581
NET INTEREST INCOME 1,184 952 3,421 2,714
Provision for credit losses 107 95 363 296
Net interest income after provision for credit losses 1,077 857 3,058 2,418
NONINTEREST INCOME        
Trust and investment services income 150 140 435 415
Investment banking and debt placement fees 184 171 537 467
Cards and payments income 86 84 253 246
Service charges on deposit accounts 75 67 217 196
Corporate services income 72 69 213 206
Commercial mortgage servicing fees 73 73 219 190
Corporate-owned life insurance income 35 36 100 102
Consumer mortgage income 14 12 42 42
Operating lease income and other leasing gains 11 16 34 61
Other income 8 (2) 16 28
Net securities gains (losses) (6) (935) (6) (948)
Total noninterest income 702 (269) 2,060 1,005
NONINTEREST EXPENSE        
Personnel 742 670 2,127 1,980
Net occupancy 65 66 201 199
Computer processing 105 104 319 307
Business services and professional fees 44 41 132 119
Equipment 20 20 61 60
Operating lease expense 9 14 30 48
Marketing 22 21 67 61
Other expense 170 158 525 542
Total noninterest expense 1,177 1,094 3,462 3,316
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 602 (506) 1,656 107
Income taxes 112 (95) 337 26
Income (loss) from continuing operations 490 (411) 1,319 81
Income (loss) from discontinued operations (1) 1 0 2
NET INCOME (LOSS) 489 (410) 1,319 83
Income (loss) from continuing operations attributable to Key common shareholders 454 (447) 1,211 (27)
Net income (loss) attributable to Key common shareholders $ 453 $ (446) $ 1,211 $ (25)
Per Common Share:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.41 $ (0.47) $ 1.10 $ (0.03)
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [1] 0.41 (0.47) 1.10 (0.03)
Per Common Share — assuming dilution:        
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.41 (0.47) 1.09 (0.03)
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [1] $ 0.41 $ (0.47) $ 1.09 $ (0.03)
Weighted-average Common Shares outstanding (in shares) 1,100,830 948,979 1,099,520 936,962
Effect of Common Share options and other stock awards (in shares) 9,845 0 8,864 0
Weighted-average Common Shares and potential Common Shares outstanding (in shares) [2] 1,110,675 948,979 1,108,384 936,962
[1] EPS may not foot due to rounding
[2] Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable.