v3.26.1
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
INTEREST INCOME    
Loans $ 1,416 $ 1,401
Loans held for sale 14 14
Securities available for sale 370 392
Held-to-maturity securities 86 63
Trading account assets 11 17
Short-term investments 103 174
Other investments 5 9
Total interest income 2,005 2,070
INTEREST EXPENSE    
Deposits 598 753
Federal funds purchased and securities sold under repurchase agreements 14 1
Bank notes and other short-term borrowings 20 27
Long-term debt 151 193
Total interest expense 783 974
NET INTEREST INCOME 1,222 1,096
Provision for credit losses 106 118
Net interest income after provision for credit losses 1,116 978
NONINTEREST INCOME    
Trust and investment services income 157 139
Investment banking and debt placement fees 197 175
Cards and payments income 86 82
Service charges on deposit accounts 77 69
Corporate services income 71 65
Commercial mortgage servicing fees 62 76
Corporate-owned life insurance income 34 33
Consumer mortgage income 13 13
Operating lease income and other leasing gains 8 9
Other income 18 7
Total noninterest income 723 668
NONINTEREST EXPENSE    
Personnel 743 680
Net occupancy 68 67
Computer processing 111 107
Business services and professional fees 36 40
Equipment 19 20
Operating lease expense 7 11
Marketing 18 21
Other expense 179 185
Total noninterest expense 1,181 1,131
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 658 515
Income taxes 136 109
Income (loss) from continuing operations 522 406
Income (loss) from discontinued operations 0 (1)
NET INCOME (LOSS) 522 405
Income (loss) from continuing operations attributable to Key common shareholders 486 370
Net income (loss) attributable to Key common shareholders $ 486 $ 369
Per Common Share:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) $ 0.45 $ 0.34
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [1] 0.45 0.34
Per Common Share — assuming dilution:    
Income (loss) from continuing operations attributable to Key common shareholders (in usd per share) 0.44 0.33
Income (loss) from discontinued operations, net of taxes (in usd per share) 0 0
Net income (loss) attributable to Key common shareholders (in usd per share) [1] $ 0.44 $ 0.33
Weighted-average Common Shares outstanding (in shares) 1,084,277 1,096,654
Effect of Common Share options and other stock awards (in shares) 10,091 9,486
Weighted-average Common Shares and potential Common Shares outstanding (in shares) [2] 1,094,368 1,106,140
[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.