| Schedule of Basic and Diluted Earnings Per Common Share |
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 amounts | 2026 | 2025 | | 2026 | 2025 | | EARNINGS | | | | | | Income (loss) from continuing operations | $ | 508 | | $ | 423 | | | $ | 1,030 | | $ | 829 | | | | | | | | | | | | | | | Less: Dividends on Preferred Stock | 36 | | 36 | | | 72 | | 72 | | | Income (loss) from continuing operations attributable to Key common shareholders | 472 | | 387 | | | 958 | | 757 | | | Income (loss) from discontinued operations, net of taxes | 1 | | 2 | | | 1 | | 1 | | | Net income (loss) attributable to Key common shareholders | $ | 473 | | $ | 389 | | | $ | 959 | | $ | 758 | | | WEIGHTED-AVERAGE COMMON SHARES | | | | | | | Weighted-average Common Shares outstanding (000) | 1,071,229 | | 1,100,033 | | | 1,077,977 | | 1,098,453 | | | Effect of Common Share options and other stock awards | 8,779 | | 7,177 | | | 9,435 | | 8,331 | | Weighted-average Common Shares and potential Common Shares outstanding (000)(a) | 1,080,008 | | 1,107,210 | | | 1,087,412 | | 1,106,784 | | | EARNINGS PER COMMON SHARE | | | | | | | Income (loss) from continuing operations attributable to Key common shareholders | $ | .44 | | $ | .35 | | | $ | .89 | | $ | .69 | | | Income (loss) from discontinued operations, net of taxes | — | | — | | | — | | — | | Net income (loss) attributable to Key common shareholders (b) | .44 | | .35 | | | .89 | | .69 | | | | | | | | | Income (loss) from continuing operations attributable to Key common shareholders — assuming dilution | $ | .44 | | $ | .35 | | | $ | .88 | | $ | .69 | | | Income (loss) from discontinued operations, net of taxes — assuming dilution | — | | — | | | — | | — | | Net income (loss) attributable to Key common shareholders—assuming dilution(b) | .44 | | .35 | | | .88 | | .69 | |
(a)Assumes conversion of Common Share options and other stock awards and/or convertible preferred stock, as applicable. (b)EPS may not foot due to rounding.
|