Our basic and diluted earnings per Common Share are calculated as follows: | | | | | | | | | | | | | | Three months ended March 31, | | | | Dollars in millions, except per share amounts | 2026 | 2025 | | | | | EARNINGS | | | | | | Income (loss) from continuing operations | $ | 522 | | $ | 406 | | | | | | | | | | | | | | | | | | Less: Dividends on Preferred Stock | 36 | | 36 | | | | | | Income (loss) from continuing operations attributable to Key common shareholders | 486 | | 370 | | | | | | Income (loss) from discontinued operations, net of taxes | — | | (1) | | | | | | Net income (loss) attributable to Key common shareholders | $ | 486 | | $ | 369 | | | | | | WEIGHTED-AVERAGE COMMON SHARES | | | | | | | Weighted-average Common Shares outstanding (000) | 1,084,277 | | 1,096,654 | | | | | Effect of Common Share options and other stock awards(a) | 10,091 | | 9,486 | | | | | Weighted-average Common Shares and potential Common Shares outstanding (000)(b) | 1,094,368 | | 1,106,140 | | | | | | EARNINGS PER COMMON SHARE | | | | | | | Income (loss) from continuing operations attributable to Key common shareholders | $ | .45 | | $ | .34 | | | | | | Income (loss) from discontinued operations, net of taxes | — | | — | | | | | Net income (loss) attributable to Key common shareholders (c) | .45 | | .34 | | | | | | | | | | | | Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution | $ | .44 | | $ | .33 | | | | | | Income (loss) from discontinued operations, net of taxes — assuming dilution | — | | — | | | | | Net income (loss) attributable to Key common shareholders—assuming dilution(c) | .44 | | .33 | | | | |
(a)For periods ended in a loss from continuing operations attributable to Key common shareholders, anti-dilutive instruments have been excluded from the calculation of diluted earnings per share. (b)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable. (c)EPS may not foot due to rounding.
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