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.3

Consolidated Balance Sheets
(dollars in millions)
									6/30/2026			3/31/2026			6/30/2025
Assets
			Loans						$	110,430		$	109,190		$	106,389
			Loans held for sale						1,198			876			530
			Securities available for sale						38,459			38,918			40,669
			Held-to-maturity securities						9,515			9,116			6,914
			Trading account assets						936			783			1,374
			Short-term investments						12,416			11,782			11,564
			Other investments						1,230			1,204			1,058
						Total earning assets			174,184			171,869			168,498
			Allowance for loan and lease losses						(1,445)			(1,449)			(1,446)
			Cash and due from banks						1,711			1,130			1,766
			Premises and equipment						620			618			599
			Goodwill						2,752			2,752			2,752
			Other intangible assets						3			5			18
			Corporate-owned life insurance						4,456			4,439			4,423
			Accrued income and other assets						8,848			9,100			8,654
			Discontinued assets						188			199			235
						Total assets			$	191,317		$	188,663		$	185,499
Liabilities
			Deposits in domestic offices:
						Interest-bearing deposits			122,196			120,220			119,230
						Noninterest-bearing deposits			30,893			27,595			27,675
						Total deposits			153,089			147,815			146,905
			Federal funds purchased and securities sold under repurchase agreements						5			34			20
			Bank notes and other short-term borrowings						3,680			6,149			2,754
			Accrued expense and other liabilities						3,778			3,801			4,273
			Long-term debt						10,967			10,877			12,063
						Total liabilities			171,519			168,676			166,015
Equity
			Preferred stock						2,500			2,500			2,500
			Common shares						1,257			1,257			1,257
			Capital surplus						6,014			5,981			5,971
			Retained earnings						15,873			15,622			14,886
			Treasury stock, at cost						(3,492)			(3,152)			(2,629)
			Accumulated other comprehensive income (loss)						(2,354)			(2,221)			(2,501)
						Total equity			19,798			19,987			19,484
Total liabilities and equity									$	191,317		$	188,663		$	185,499
Common shares outstanding (000)									1,072,035			1,087,293			1,112,453

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Consolidated Statements of Income
(dollars in millions, except per share amounts)
									Three months ended												Six months ended
									6/30/2026			3/31/2026			6/30/2025						6/30/2026			6/30/2025
Interest income
			Loans						$	1,463		$	1,416		$	1,443					$	2,879		$	2,844
			Loans held for sale						15			14			11						29			25
			Securities available for sale						367			370			411						737			803
			Held-to-maturity securities						95			86			61						181			124
			Trading account assets						10			11			16						21			33
			Short-term investments						101			103			157						204			331
			Other investments						8			5			8						13			17
						Total interest income			2,059			2,005			2,107						4,064			4,177
Interest expense
			Deposits						600			598			730						1,198			1,483
			Federal funds purchased and securities sold under repurchase agreements						19			14			4						33			5
			Bank notes and other short-term borrowings						35			20			34						55			61
			Long-term debt						155			151			198						306			391
						Total interest expense			809			783			966						1,592			1,940
Net interest income									1,250			1,222			1,141						2,472			2,237
Provision for credit losses									92			106			138						198			256
Net interest income after provision for credit losses									1,158			1,116			1,003						2,274			1,981
Noninterest income
			Trust and investment services income						159			157			146						316			285
			Investment banking and debt placement fees						169			197			178						366			353
			Service charges on deposit accounts						77			77			73						154			142
			Operating lease income and other leasing gains						10			8			14						18			23
			Corporate services income						80			71			76						151			141
			Cards and payments income						94			86			85						180			167
			Corporate-owned life insurance income						33			34			32						67			65
			Consumer mortgage income						17			13			15						30			28
			Commercial mortgage servicing fees						49			62			70						111			146
			Other income						15			18			1						33			8
			Net securities gains (losses)						3			—			—						3			—
						Total noninterest income			706			723			690						1,429			1,358
Noninterest expense
			Personnel						786			743			705						1,529			1,385
			Net occupancy						68			68			69						136			136
			Computer processing						108			111			107						219			214
			Business services and professional fees						46			36			48						82			88
			Equipment						22			19			21						41			41
			Operating lease expense						7			7			10						14			21
			Marketing						22			18			24						40			45
			Other expense						158			179			170						337			355
						Total noninterest expense			1,217			1,181			1,154						2,398			2,285
Income (loss) from continuing operations before income taxes									647			658			539						1,305			1,054
			Income taxes						139			136			116						275			225
Income (loss) from continuing operations									508			522			423						1,030			829
			Income (loss) from discontinued operations, net of taxes						1			—			2						1			1
Net income (loss)									509			522			425						1,031			830
			Less: Net income (loss) attributable to noncontrolling interests						—			—			—						—			—
Net income (loss) attributable to Key									$	509		$	522		$	425					$	1,031		$	830
Income (loss) from continuing operations attributable to Key common shareholders									$	472		$	486		$	387					$	958		$	757
Net income (loss) attributable to Key common shareholders									473			486			389						959			758
Per common share
Income (loss) from continuing operations attributable to Key common shareholders									$	.44		$	.45		$	.35					$	.89		$	.69
Income (loss) from discontinued operations, net of taxes									—			—			—						—			—
Net income (loss) attributable to Key common shareholders (a)									.44			.45			.35						.89			.69
Per common share — assuming dilution
Income (loss) from continuing operations attributable to Key common shareholders									$	.44		$	.44		$	.35					$	.88		$	.69
Income (loss) from discontinued operations, net of taxes									—			—			—						—			—
Net income (loss) attributable to Key common shareholders (a)									.44			.44			$	.35					.88			.69
Cash dividends declared per common share									$	.205		$	.205		$	.205					$	.41		$	.41
Weighted-average common shares outstanding (000)									1,071,229			1,084,277			1,100,033						1,077,977			1,098,453
			Effect of common share options and other stock awards (b)						8,779			10,091			7,177						9,435			8,331
Weighted-average common shares and potential common shares outstanding (000) (c)									1,080,008			1,094,368			1,107,210						1,087,412			1,106,784

(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.