Risk Sleuth
KEY · 10-K filed 23 Feb 2026 · year to 31 Dec 2025

KeyCorp

25 named things its latest annual report says its results depend on, each in the company's own words. 19 of them are also named by other companies we've read.

Customers

Healthcare sector

concentrated innamed as a risk
Additionally, a significant portion of our business activities are concentrated within the commercial real estate, healthcare, finance, and utilities market segments.Risk factors (Item 1A)

Also named by CSWC

Utilities sector

concentrated innamed as a risk
Additionally, a significant portion of our business activities are concentrated within the commercial real estate, healthcare, finance, and utilities market segments.Risk factors (Item 1A)

Partners and platforms

Payment networks

depends onnamed as a risk
Under these agreements, we may be responsible for certain losses and penalties if one of our merchant customers suffers a data breach.Risk factors (Item 1A)

Also named by FIS

Federal Home Loan Bank system

depends onnamed as a risk
Changes in FHLB lending policies or the haircuts they apply to our pledged collateral could adversely affect our liquidity and profitability.Risk factors (Item 1A)

Other companies

Commercial real estate loans

concentrated in · approximately 72% of our loan portfolionamed as a risk
As of December 31, 2025, approximately 72% of our loan portfolio consisted of commercial and industrial loans, commercial real estate loans, including commercial mortgage and construction loans, and commercial leases.Risk factors (Item 1A)

Also named by EWBC

Scotiabank

approximately 14.9% of our issued and outstanding common sharesnamed as a risk
Scotiabank holds approximately 14.9% of our issued and outstanding common shares.Risk factors (Item 1A)

Credit rating agencies

depends onnamed as a risk
Downgrades to KeyCorp's or KeyBank's credit ratings could impair our access to liquidity and could significantly increase our cost of funds, trigger additional collateral or funding requirements, and decrease the number of investors and counterparties willing to lend to us, reducing our ability to generate income.Risk factors (Item 1A)

Also named by ALLY, GS

KeyBank National Association

depends onnamed as a risk
In the event KeyBank is unable to pay dividends to us, we may not be able to service debt, pay obligations, or pay dividends on our common or preferred stock.Risk factors (Item 1A)

Also named by TRIN

Multifamily housing

concentrated innamed as a risk
A large portion of our clients are active in real estate, with most focused on the multifamily space, which has been the best performing real estate sector over the cycle.Risk factors (Item 1A)

Places

New York

concentrated innamed as a risk
We have concentrations of loans and other business activities in geographic regions where our bank branches are located — Washington; Oregon/Alaska; Rocky Mountains; Indiana/Northwest Ohio/Michigan; Central/Southwest Ohio; East Ohio/Western Pennsylvania; Atlantic; Western New York; Eastern New York; and New England — and additional exposure to geographic regions outside of our branch footprint.Risk factors (Item 1A)

Also named by ABR, AXP, BJ, BPOP, BRO, BWA, CHE, CINF and 12 more

Ohio

concentrated innamed as a risk
We have concentrations of loans and other business activities in geographic regions where our bank branches are located — Washington; Oregon/Alaska; Rocky Mountains; Indiana/Northwest Ohio/Michigan; Central/Southwest Ohio; East Ohio/Western Pennsylvania; Atlantic; Western New York; Eastern New York; and New England — and additional exposure to geographic regions outside of our branch footprint.Risk factors (Item 1A)

Also named by AM, AR, BBSI, CINF, DRVN, ELV, FE, INTC and 6 more

Hazards

Severe weather and natural disasters

operates innamed as a risk
Natural disasters, including wildfires, tornadoes, severe storms, and hurricanes, have seemingly become more frequent and severe.Risk factors (Item 1A)

Also named by IRM

Commodity price shocks from geopolitical conflicts

exposed to its pricenamed as a risk
For example, conflicts across the world, including the Russia-Ukraine war and the Israel-Hamas war, and recent military action in Venezuela, have proven to or may have a material impact on certain domestic commodity prices, impacting our borrowers' input costs and disrupting supply chains both domestically and abroad.Risk factors (Item 1A)

Regulators

Federal Reserve

subject to · 3.2%named as a risk
KeyCorp’s updated stress capital buffer is 3.2% (based on the results of KeyCorp’s 2024 supervisory stress test and adjusted for KeyCorp’s planned common stock dividends as set forth in KeyCorp’s 2025 capital plan).Business (Item 1)

Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more

Consumer Financial Protection Bureau (CFPB)

subject to
The CFPB, which was created by the Dodd-Frank Act in 2010, was given the authority by that statute to regulate the offer and sale of consumer financial products and services, enforce federal consumer protection laws, and supervise certain providers of consumer financial products and services, including banks with over $10 billion in assets (such as KeyBank).Business (Item 1)

Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more

Commodity Futures Trading Commission (CFTC)

subject to
Because KeyBank engages in derivative transactions, in 2013 it provisionally registered as a swap dealer with the CFTC and became a member of the NFA, the self-regulatory organization for participants in the U.S. derivatives industry.Business (Item 1)

Also named by AB, ADM, AGNC, AMG, BAC, BGC, BMNR, C and 35 more

Office of the Comptroller of the Currency (OCC)

subject to
Our national bank subsidiaries and their subsidiaries are subject to regulation, supervision, and examination by the OCC.Business (Item 1)

Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, CFG and 22 more

Laws and programs

FDIC special assessment

subject to · approximately 13.4 basis pointsnamed as a risk
Under the final rule, the FDIC would collect a special assessment from IDIs at an annual rate of approximately 13.4 basis points (or 3.36 basis points per quarter) over eight quarterly assessment periods, starting with the first quarterly assessment period of 2024 (i.e., January 1, 2024 through March 31, 2024) with an invoice payment date of June 28, 2024.Business (Item 1)

Also named by BPOP, CFG, CFR, CUBI, EFSC, EWBC, FCNCA, GBCI and 10 more

California Consumer Privacy Act

subject tonamed as a risk
A number of states have also recently enacted consumer privacy laws that impose compliance obligations with respect to personal information or issued guidance regarding the same, such as the California Consumer Privacy Act of 2018, as amended by the California Privacy Rights Act (known as the “CCPA”), and the New York Department of Financial Services Cybersecurity Regulations.Risk factors (Item 1A)

Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more

Long-term debt requirement proposal

subject tonamed as a risk
This proposal would apply to Category II, III, and IV BHCs (including KeyCorp) and IDIs that (i) are not consolidated subsidiaries of U.S. global systemically important banks and (ii) have at least $100 billion in total assets (including KeyBank) or are affiliated with an IDI that has at least $100 billion in total assets.Business (Item 1)

Also named by ALLY, CFG, HBAN, MTB, RF, USB

Basel III Capital Proposal

subject tonamed as a risk
Under the proposal, Category III and IV banking organizations would be required to include most components of AOCI, including net unrealized gains and losses on available-for-sale securities, in regulatory capital.Business (Item 1)

Also named by TFC

Debit card interchange fee cap (Regulation II)

subject tonamed as a risk
On October 25, 2023, the Federal Reserve issued for public comment a proposal to lower the maximum interchange fee that a debit card issuer with $10 billion or more in total consolidated assets (including KeyBank) can receive for a debit card transaction.Business (Item 1)

Also named by GBCI

Community Reinvestment Act

subject to
KeyBank will be subject to any changes that are made to the CRA regulations.Business (Item 1)

Also named by ALLY, AMP, AUB, CFG, CFR, EFSC, EWBC, FCNCA and 20 more

Low-Income Housing Tax Credit (LIHTC)

A relatively small portion of our commercial real estate loans are construction loans, with most of these loans utilized to support the construction of affordable housing under the Low-Income Housing Tax Credit (LIHTC) program.Risk factors (Item 1A)

Technology

Stablecoins

competes withnamed as a risk
KeyBank competes with banks and other financial institutions, and increasingly with non-banks that offer non-deposit and other alternative savings vehicles, such as stablecoins, for deposits.Risk factors (Item 1A)

Also named by BAC, CPAY, EWBC, FCNCA