Financial Overview - KeyCorp's consolidated total assets were approximately $189.8 billion as of December 31, 2022[22]. - KeyBank operates 972 full-service retail banking branches and 1,265 ATMs across 15 states[23]. - KeyCorp's workforce consisted of 18,891 employees as of December 31, 2022, with 58.7% being female[43][46]. - KeyCorp's Common Equity Tier 1 capital ratio was 9.10% as of December 31, 2022, exceeding the regulatory minimum of 4.50%[77]. - The Tier 1 Capital ratio for KeyCorp was 10.60% at the end of 2022, above the regulatory requirement of 6.00%[77]. - Total Capital ratio stood at 12.79% for KeyCorp, surpassing the minimum requirement of 8.00%[77]. - KeyCorp's leverage ratio was 8.88%, significantly higher than the required minimum of 4.00%[77]. - KeyBank is considered "well capitalized" under the revised prompt corrective action framework as of December 31, 2022[81]. Business Segments - The Consumer Bank segment offers a variety of services including personal finance, lending, and investment management to individuals and small businesses[29]. - The Commercial Bank segment focuses on middle market clients and includes a significant national commercial real estate lending operation[31]. - KeyCorp's investment management services cater to large corporate and public retirement plans, foundations, and high-net-worth individuals[24]. Diversity and Workforce - The company has steadily increased its starting minimum wage since 2015 to remain competitive in the labor market[37]. - KeyCorp's Board of Directors is 46% diverse, with six out of 13 directors being from diverse backgrounds[43]. - The company emphasizes a commitment to pay equity, with women earning on average more than 99% of what their male counterparts earn[42]. Regulatory Environment - The financial services industry is highly competitive, with KeyCorp facing pressure from larger institutions and nonbank companies[35]. - KeyCorp has elected to be treated as a Financial Holding Company, allowing it to engage in a broader scope of financial activities[64]. - The regulatory capital requirements are based on the Basel Committee's standards, aimed at enhancing global bank regulation and financial stability[69]. - KeyCorp is required to maintain a Modified Liquidity Coverage Ratio (LCR) of at least 100% as per the Liquidity Coverage Rules, which became effective on October 1, 2018[94]. - The final rule for the Net Stable Funding Ratio (NSFR) requires banking organizations with over $100 billion in total assets to maintain minimum amounts of stable funding, effective July 1, 2021[102]. - KeyCorp is classified as a Category IV firm under the Tailoring Rules, which means it is not subject to certain liquidity requirements, including the NSFR[102]. - KeyCorp is required to participate in the Federal Reserve's Comprehensive Capital Analysis and Review (CCAR) process, which includes supervisory stress tests every other year[108]. Risk Management - KeyCorp's risk management program identifies major risk categories, including credit risk, compliance risk, and operational risk[177]. - The company relies heavily on employees and systems to manage operational risks, which may be exacerbated by employee turnover and labor shortages[194]. - Cybersecurity risks are heightened due to reliance on third-party service providers and the increasing use of mobile payments and internet-based products[195]. - The company has experienced significant distributed denial-of-service attacks and other cyber threats, which could lead to legal liability and reputational harm[198]. - The company may incur significant expenses to improve system reliability and security against cyber threats, with potential losses exceeding insurance coverage[203]. - The company faces risks from claims and litigation, which could result in significant financial liability and reputational risk[205]. Economic and Market Conditions - The Federal Reserve's actions, including emergency interest rate cuts, have led to increased market and interest rate volatility, impacting KeyCorp's business[217]. - The slope of the yield curve is influenced by federal agency actions, affecting loan and deposit rates as well as investment values[218]. - The deterioration of commercial real estate market fundamentals could adversely affect KeyCorp's financial condition and results of operations[179]. - Natural disasters exacerbated by climate change could materially impact the company's financial position and operational results[209]. Compliance and Reporting - The SEC's proposal to require public companies to disclose climate-related risks could necessitate significant changes in reporting practices for KeyCorp[173]. - Changes in accounting policies and standards could materially affect how KeyCorp reports its financial condition and results of operations[192]. - KeyBank is required to maintain arm's-length terms in transactions with affiliates, with specific limitations based on regulatory capital[150]. - The OCC issued a final rule in 2020 to modernize the Community Reinvestment Act (CRA) framework, effective October 1, 2020, with compliance dates extending to January 1, 2023, and January 1, 2024[157].

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 State or other jurisdiction of incorporation or organization: I.R.S. Employer Identification Number: 127 Public Square, Cleveland, Ohio 44114-1306 Address of principal executive offices: Zip Code: Ohio 34-6542451 (216) 689-3000 Registrant's telephone number, including area code ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q 127 Public Square, Cleveland, Ohio 44114-1306 Address of principal executive offices: Zip Code: Ohio 34-6542451 (216) 689-3000 Registrant's telephone number, including area code: SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: | | Trading | Name of each exchange on | | --- | --- | --- | | Title of each class | Symbol(s) | which registered | | Common Shares, $1 par value | KEY | New York Stock Excha ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 Commission file number: 1-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 State or other jurisdiction of incorporation or organization: I.R.S. Employer Identification Number: 127 Public Square, Cleveland, Ohio 44114-1306 Address of principal execu ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: State or other jurisdiction of incorporation or or ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: State or other jurisdiction of incorporation or organiz ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 | SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: | | | | --- | --- | --- | | | Trading | Name of each e ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: NONE Commission file number: 1-11302 KeyCorp Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒ No ☐ Exact name of registrant as specified in its charter: Ohio 34-654 ...

FORM 10-Q Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2020 Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 State or other jurisdiction of incorporation or organization: I.R.S. Employer Identification Number: 127 Public Square, Cleveland, Ohio 44114-1306 Address of princi ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2020 Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 State or other jurisdiction of incorporation or organization: I.R.S. Employer Identification Number: 127 Public Square, Cleveland, Ohio 44114-1306 Address of principal e ...