KeyCorp: 10-K Risk Factor Changes

2026 vs 2025  ·  SEC EDGAR  ·  2026-05-22
Other years: 2025 vs 2024 · 2024 vs 2023
⚠ AI-Generated

The summary below was generated by an AI language model and may contain errors or omissions. All other content on this page is deterministically extracted from the original SEC EDGAR filing.

KeyCorp substantially streamlined its Risk Factors section by removing 26 risks while making substantive modifications to 16 existing risks and adding no new risks, resulting in a net reduction of risk disclosures. The removed risks encompassed major categories including reputation, credit, interest rate, liquidity, operational, cybersecurity, competitive, and climate-related risks, suggesting a consolidation or reorganization of risk presentation rather than elimination of actual exposures. The remaining modified risks were reorganized under broader categorical headings (Strategic Risk, Liquidity Risk, Operational Risk, Compliance Risk, and Estimates and Assumptions Risk), indicating KeyCorp restructured its risk factor framework to present material risks under consolidated themes rather than discrete, standalone disclosures.

✓ Deterministic extraction — no AI-generated data

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

0
New Risks
26
Removed
16
Modified
6
Unchanged
🔴 No Match in Current Filing

•Reputation Risk

This section from the 2025 filing does not have a high-confidence textual match in the 2026 filing. It may have been removed, merged, or substantially reworded.

◦Damage to our reputation could significantly impact our business and major stakeholders. ◦Key is subject to corporate responsibility and sustainability efforts risks that could adversely affect our reputation and our business and results of operations.

🔴 No Match in Current Filing We are subject to the risk of defaults by our loan clients and counterparties. 🔒
🔴 No Match in Current Filing Declining asset prices could adversely affect us. 🔒
🔴 No Match in Current Filing Geopolitical destabilization could adversely impact our loan portfolios. 🔒
🔴 No Match in Current Filing We are subject to interest rate risk, which could adversely affect net interest income. 🔒
🔴 No Match in Current Filing Our profitability depends upon economic conditions in the geographic regions where we have significant operations and in certain market segments in which we conduct significant business. 🔒
🔴 No Match in Current Filing The soundness of other financial institutions could adversely affect us. 🔒
🔴 No Match in Current Filing We are subject to liquidity risk, which could negatively affect our funding levels. 🔒
🔴 No Match in Current Filing Federal agencies’ actions to ensure stability of the U.S. economy and financial system may have costly or disruptive effects on us. 🔒
🔴 No Match in Current Filing We rely on dividends by our subsidiaries for most of our funds. 🔒
🔴 No Match in Current Filing We are subject to a variety of operational risks. 🔒
🔴 No Match in Current Filing We rely on third parties to perform significant operational services for us, and their failure to perform to our standards or other issues of concern with them could harm us. 🔒
🔴 No Match in Current Filing Our framework for managing risks and mitigating losses may not be effective. 🔒
🔴 No Match in Current Filing We are, and may in the future be, subject to claims, litigation, arbitration, investigations, and governmental proceedings, which could result in significant financial liability and/or reputational harm. 🔒
🔴 No Match in Current Filing Our operations and financial performance could be adversely affected by severe weather and natural disasters exacerbated by climate change. 🔒
🔴 No Match in Current Filing Societal and governmental responses to climate change could adversely affect our business and performance, including indirectly through impacts on our customers. 🔒
🔴 No Match in Current Filing The increased use of remote work infrastructure has expanded potential attack vectors and resulted in increased operational risks. 🔒
🔴 No Match in Current Filing We are subject to complex and evolving laws and regulations regarding privacy and cybersecurity, which could limit our ability to pursue business initiatives, increase the cost of doing business and subject us to compliance risks and potential liability. 🔒
🔴 No Match in Current Filing We may not realize the expected benefits of our strategic initiatives. 🔒
🔴 No Match in Current Filing We operate in a highly competitive industry. 🔒
🔴 No Match in Current Filing Maintaining or increasing our market share depends upon our ability to adapt our products and services to evolving industry standards and consumer preferences, while maintaining competitive products and services. 🔒
🔴 No Match in Current Filing We may not be able to attract and retain skilled people. 🔒
🔴 No Match in Current Filing Acquisitions or strategic partnerships may disrupt our business and dilute shareholder value. 🔒
🔴 No Match in Current Filing Scotiabank holds a significant equity interest in our business and may exercise influence over us, including through its ability to designate up to two directors to our Board of Directors. 🔒
🔴 No Match in Current Filing Changes in accounting policies, standards, and interpretations could materially affect how we report our financial condition and results of operations. 🔒
🔴 No Match in Current Filing Impairment of goodwill could require charges to earnings, which could result in a negative impact on our results of operations. 🔒
🟡 Modified •Strategic Risk 🔒
🟡 Modified Various factors may cause our allowance for loan and lease losses to increase or to be inadequate. 🔒
🟡 Modified •Liquidity Risk 🔒
🟡 Modified •Estimates and Assumptions Risk 🔒
🟡 Modified IV. Operational RiskWe are subject to a variety of operational risks. 🔒
🟡 Modified •Operational Risk 🔒
🟡 Modified V. Compliance RiskWe are subject to extensive government regulation, supervision, and tax legislation. 🔒
🟡 Modified •Compliance Risk 🔒
🟡 Modified IX. Estimates and Assumptions RiskThe preparation of our consolidated financial statements requires us to make subjective determinations and use estimates that may vary from actual results and materially impact our financial condition and results of operations. 🔒
🟡 Modified Our credit ratings affect our liquidity position. 🔒
🟡 Modified III. Liquidity RiskWe are subject to liquidity risk, which could negatively affect our funding levels. 🔒
🟡 Modified Differing views on corporate responsibility and sustainability could adversely affect our reputation and our business and results of operations. 🔒
🟡 Modified II. Market RiskA worsening of the U.S. economy and volatile or recessionary conditions in the U.S. or abroad could negatively affect our business or our access to capital markets. 🔒
🟡 Modified VI. Strategic RiskWe may not realize the expected benefits of our strategic initiatives. 🔒
🟡 Modified Our controls and procedures may fail or be circumvented, and our methods of reducing risk exposure may not be effective. 🔒
🟡 Modified Should the fundamentals of the commercial real estate market deteriorate, our financial condition and results of operations could be adversely affected. 🔒
41 more changes in this filing

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