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Condensed Financial Information of the Parent Company (Tables) | 12 Months Ended
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Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract] |
Schedule of Condensed Balance Sheets | CONDENSED BALANCE SHEETS
December 31, Dollars in millions | 2025 | 2024
ASSETS |  |
Cash and due from banks | $ | 4,868 |  | $ | 5,149 |
Short-term investments | 28 |  | 26 |
Other investments | 119 |  | 96 |
Loans to: |  |
Banks | 300 |  | 300 |
Nonbank subsidiaries | — |  | — |
Total loans | 300 |  | 300 |
Investment in subsidiaries: |  |
Banks | 19,075 |  | 16,770 |
Nonbank subsidiaries | 914 |  | 888 |
Total investment in subsidiaries | 19,989 |  | 17,658 |
Accrued income and other assets | 756 |  | 777 |
Total assets | $ | 26,060 |  | $ | 24,006 |
LIABILITIES |  |
Accrued expense and other liabilities | $ | 573 |  | $ | 536 |
Long-term debt due to: |  |
Subsidiaries | 447 |  | 444 |
Unaffiliated companies (a) | 4,659 |  | 4,850 |
Total long-term debt | 5,106 |  | 5,294 |
Total liabilities | 5,679 |  | 5,830 |
SHAREHOLDERS’ EQUITY (b) | 20,381 |  | 18,176 |
Total liabilities and shareholders’ equity | $ | 26,060 |  | $ | 24,006 |
(a)See Note 17 (“Borrowings”) for information regarding contractual rates and maturity dates of debt that is held by the parent company. (b)See Key’s Consolidated Statements of Changes in Equity.
Schedule of Condensed Statements of Income | CONDENSED STATEMENTS OF INCOME
Year ended December 31, |  |  |
Dollars in millions | 2025 | 2024 | 2023
INCOME |  |  |
Dividends from subsidiaries: |  |  |
Bank subsidiaries | $ | 1,375 |  | $ | 750 |  | $ | 675 |
Nonbank subsidiaries | — |  | — |  | — |
Interest income from subsidiaries | 16 |  | 20 |  | 15 |
Other income | 16 |  | 14 |  | 24 |
Total income | 1,407 |  | 784 |  | 714 |
EXPENSE |  |  |
Interest on long-term debt with subsidiary trusts | 30 |  | 33 |  | 33 |
Interest on other borrowed funds | 317 |  | 341 |  | 273 |
Personnel and other expense | 84 |  | 77 |  | 111 |
Total expense | 431 |  | 451 |  | 417 |
Income (loss) before income taxes and equity in net income (loss) less dividends from subsidiaries | 976 |  | 333 |  | 297 |
Income tax (expense) benefit | 80 |  | 94 |  | 95 |
Income (loss) before equity in net income (loss) less dividends from subsidiaries | 1,056 |  | 427 |  | 392 |
Equity in net income (loss) less dividends from subsidiaries | 773 |  | (588) |  | 575 |
NET INCOME (LOSS) | $ | 1,829 |  | $ | (161) |  | $ | 967 |
Total other comprehensive income (loss), net of tax (a) | 1,510 |  | 1,759 |  | 1,066 |
Comprehensive income (loss) | $ | 3,339 |  | $ | 1,598 |  | $ | 2,033 |
(a) See Key’s Consolidated Statements of Comprehensive Income.
Schedule of Condensed Statements of Cash Flows | CONDENSED STATEMENTS OF CASH FLOWS
Year ended December 31, |  |  |
Dollars in millions | 2025 | 2024 | 2023
OPERATING ACTIVITIES |  |  |
Net income (loss) attributable to Key | $ | 1,829 |  | $ | (161) |  | $ | 967 |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: |  |  |
Equity in net (income) loss less dividends from subsidiaries | (773) |  | 588 |  | (575) |
Other operating activities, net | 329 |  | (752) |  | 172 |
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES | 1,385 |  | (325) |  | 564 |
INVESTING ACTIVITIES |  |  |
Net (increase) decrease in securities available for sale and in short-term and other investments | (26) |  | (19) |  | (14) |
Advances to subsidiaries | — |  | (250) |  | — |
Sale or repayments of advances to subsidiaries | — |  | 200 |  | 16 |
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES | (26) |  | (69) |  | 2 |
FINANCING ACTIVITIES |  |  |
Net proceeds (payments) from issuance of long-term debt | (350) |  | 1,000 |  | — |
Repurchase of Treasury Shares | (236) |  | (28) |  | (73) |
Net proceeds from Scotiabank investment | — |  | 2,771 |  | — |
Cash dividends paid | (1,054) |  | (927) |  | (912) |
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | (1,640) |  | 2,816 |  | (985) |
NET INCREASE (DECREASE) IN CASH AND DUE FROM BANKS | (281) |  | 2,422 |  | (419) |
CASH AND DUE FROM BANKS AT BEGINNING OF YEAR | 5,149 |  | 2,727 |  | 3,146 |
CASH AND DUE FROM BANKS AT END OF YEAR | $ | 4,868 |  | $ | 5,149 |  | $ | 2,727 |

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