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.3

Consolidated Balance Sheets
(dollars in millions)
									9/30/2025			6/30/2025			9/30/2024
Assets
			Loans						$	105,902		$	106,389		$	105,346
			Loans held for sale						998			530			1,058
			Securities available for sale						40,456			40,669			34,169
			Held-to-maturity securities						7,509			6,914			7,702
			Trading account assets						972			1,374			1,404
			Short-term investments						13,334			11,564			22,796
			Other investments						921			1,058			1,117
						Total earning assets			170,092			168,498			173,592
			Allowance for loan and lease losses						(1,444)			(1,446)			(1,494)
			Cash and due from banks						1,938			1,766			1,276
			Premises and equipment						606			599			624
			Goodwill						2,752			2,752			2,752
			Other intangible assets						13			18			34
			Corporate-owned life insurance						4,428			4,423			4,379
			Accrued income and other assets						8,803			8,654			8,323
			Discontinued assets						221			235			277
						Total assets			$	187,409		$	185,499		$	189,763
Liabilities
			Deposits in domestic offices:
						Interest-bearing deposits			122,425			119,230			119,995
						Noninterest-bearing deposits			28,340			27,675			30,358
						Total deposits			150,765			146,905			150,353
			Federal funds purchased and securities sold under repurchase agreements						10			20			44
			Bank notes and other short-term borrowings						1,339			2,754			2,359
			Accrued expense and other liabilities						4,276			4,273			4,478
			Long-term debt						10,917			12,063			15,677
						Total liabilities			167,307			166,015			172,911
Equity
			Preferred stock						2,500			2,500			2,500
			Common shares						1,257			1,257			1,257
			Capital surplus						6,002			5,971			6,149
			Retained earnings						15,111			14,886			15,066
			Treasury stock, at cost						(2,619)			(2,629)			(4,839)
			Accumulated other comprehensive income (loss)						(2,149)			(2,501)			(3,281)
						Total equity			20,102			19,484			16,852
Total liabilities and equity									$	187,409		$	185,499		$	189,763
Common shares outstanding (000)									1,112,952			1,112,453			991,251

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Consolidated Statements of Income
(dollars in millions, except per share amounts)
									Three months ended
									9/30/2025			6/30/2025			9/30/2024
Interest income
			Loans						$	1,466		$	1,443		$	1,516
			Loans held for sale						18			11			18
			Securities available for sale						408			411			298
			Held-to-maturity securities						64			61			70
			Trading account assets						11			16			15
			Short-term investments						156			157			244
			Other investments						8			8			14
						Total interest income			2,131			2,107			2,175
Interest expense
			Deposits						748			730			887
			Federal funds purchased and securities sold under repurchase agreements						4			4			1
			Bank notes and other short-term borrowings						14			34			43
			Long-term debt						181			198			292
						Total interest expense			947			966			1,223
Net interest income									1,184			1,141			952
Provision for credit losses									107			138			95
Net interest income after provision for credit losses									1,077			1,003			857
Noninterest income
			Trust and investment services income						150			146			140
			Investment banking and debt placement fees						184			178			171
			Service charges on deposit accounts						75			73			67
			Operating lease income and other leasing gains						11			14			16
			Corporate services income						72			76			69
			Cards and payments income						86			85			84
			Corporate-owned life insurance income						35			32			36
			Consumer mortgage income						14			15			12
			Commercial mortgage servicing fees						73			70			73
			Other income						8			1			(2)
			Net securities gains (losses)						(6)			—			(935)
						Total noninterest income			702			690			(269)
Noninterest expense
			Personnel						742			705			670
			Net occupancy						65			69			66
			Computer processing						105			107			104
			Business services and professional fees						44			48			41
			Equipment						20			21			20
			Operating lease expense						9			10			14
			Marketing						22			24			21
			Intangible asset amortization						—			—			—
			Other expense						170			170			158
						Total noninterest expense			1,177			1,154			1,094
Income (loss) from continuing operations before income taxes									602			539			(506)
			Income taxes						112			116			(95)
Income (loss) from continuing operations									490			423			(411)
			Income (loss) from discontinued operations, net of taxes						(1)			2			1
Net income (loss)									489			425			(410)
			Less: Net income (loss) attributable to noncontrolling interests						—			—			—
Net income (loss) attributable to Key									$	489		$	425		$	(410)
Income (loss) from continuing operations attributable to Key common shareholders									$	454		$	387		$	(447)
Net income (loss) attributable to Key common shareholders									453			389			(446)
Per common share
Income (loss) from continuing operations attributable to Key common shareholders									$	.41		$	.35		$	(.47)
Income (loss) from discontinued operations, net of taxes									—			—			—
Net income (loss) attributable to Key common shareholders (a)									.41			.35			(.47)
Per common share — assuming dilution
Income (loss) from continuing operations attributable to Key common shareholders									$	.41		$	.35		$	(.47)
Income (loss) from discontinued operations, net of taxes									—			—			—
Net income (loss) attributable to Key common shareholders (a)									.41			.35			$	(.47)
Cash dividends declared per common share									$	.205		$	.205		$	.205
Weighted-average common shares outstanding (000)									1,100,830			1,100,033			948,979
			Effect of common share options and other stock awards (b)						9,845			7,177			—
Weighted-average common shares and potential common shares outstanding (000) (c)									1,110,675			1,107,210			948,979

(a)Earnings per share may not foot due to rounding.

(b)For periods ended in a loss from continuing operations attributable to Key common shareholders, anti-dilutive instruments have been excluded from the calculation of diluted earnings per share.

(c)Assumes conversion of common share options and other stock awards and/or convertible preferred stock, as applicable.