For the quarter ending 2025-09-30, KEY had $172M increase in cash & cash equivalents over the period. $367M in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income (loss) | 489 | 425 | 405 | -244 |
| Provision for credit losses | 107 | 138 | 118 | 39 |
| Depreciation, amortization, and accretion, net | 7 | 8 | 3 | 5 |
| Increase in cash surrender value of corporate-owned life insurance | 31 | 30 | 29 | 32 |
| Stock-based compensation expense | 36 | 33 | 30 | 28 |
| Deferred income taxes (benefit) | 31 | 14 | -30 | 213 |
| Proceeds from sales of loans held for sale | 2,989 | 2,042 | 1,725 | 3,075 |
| Originations of loans held for sale, net of repayments | 3,429 | 1,804 | 1,702 | 2,779 |
| Net losses (gains) on sales of loans held for sale | 33 | 30 | 30 | 36 |
| Net losses (gains) on leased equipment | 0 | 4 | -4 | 1 |
| Net securities and other investments losses (gains) | -6 | 0 | 0 | -908 |
| Net losses (gains) on sales of fixed assets | 0 | 0 | - | 3 |
| Trading account assets | -402 | 78 | 13 | -121 |
| Accrued income and other assets | 172 | -284 | 189 | 494 |
| Accrued expense and other liabilities | 39 | 59 | -792 | 708 |
| Other operating activities, net | -17 | -205 | -300 | -645 |
| Purchases of intangible assets via acquisitions | - | - | - | 0 |
| Net cash provided by (used in) operating activities | 396 | 1,234 | -140 | 1,727 |
| Cash received (used) in acquisitions, net of cash acquired | - | - | - | 0 |
| Net decrease (increase) in other investments | - | 9 | 7 | - |
| Net decrease (increase) in short-term investments, excluding acquisitions | 1,770 | -3,785 | -2,155 | -5,292 |
| Purchases of securities available for sale | 1,098 | 1,449 | 3,970 | 8,516 |
| Proceeds from sales of securities available for sale | 5 | 0 | 0 | 2,034 |
| Proceeds from prepayments and maturities of securities available for sale | 1,720 | 1,747 | 1,509 | 1,000 |
| Proceeds from prepayments and maturities of held-to-maturity securities | 275 | 248 | 236 | 309 |
| Purchases of held-to-maturity securities | 868 | - | - | 0 |
| Net decrease (increase) in other investments | 120 | - | - | 202 |
| Net decrease (increase) in loans, excluding acquisitions, sales and transfers | -344 | 1,615 | 679 | -958 |
| Proceeds from sales of portfolio loans | 56 | 30 | 36 | 38 |
| Proceeds from corporate-owned life insurance | 26 | 11 | 19 | 17 |
| Purchases of premises, equipment, and software | 29 | 23 | 10 | 23 |
| Proceeds from sales of premises and equipment | 0 | 3 | 0 | 12 |
| Net cash provided by (used in) investing activities | -1,203 | 2,728 | -711 | 1,193 |
| Net increase (decrease) in deposits | 3,860 | -3,832 | 977 | -593 |
| Issuance of preferred shares | - | - | - | 0 |
| Net increase (decrease) in short-term borrowings | -1,425 | 424 | 206 | -259 |
| Net proceeds from issuance of long-term debt | 73 | 578 | 833 | 81 |
| Payments on long-term debt | 1,267 | 1,013 | 701 | 3,408 |
| Employee equity compensation program common share repurchases | 0 | 0 | 35 | 1 |
| Net proceeds from reissuance of common shares | 2 | 1 | 2 | 5 |
| Repurchases of long-term debt | - | - | - | 0 |
| Net proceeds from scotiabank investment | 0 | - | - | 1,960 |
| Open market common share repurchases | - | - | - | 0 |
| Cash dividends paid | 264 | 263 | 265 | 238 |
| Net cash provided by (used in) financing activities | 979 | -4,105 | 1,017 | -2,453 |
| Net increase (decrease) in cash and due from banks | 172 | -143 | 166 | 467 |
| Cash and cash equivalents at beginning of period | 1,743 | - | - | - |
| Cash and cash equivalents at end of period | 1,938 | - | - | - |
KEYCORP NEW (KEY)
KEYCORP NEW (KEY)