KeyCorp sees FY25 NII up 20%-22% vs. previous view up 20%

Sees FY25: Average loans down 1%-3% vs. previous view down 2%-5%, with ending loans up 2% vs. YE 2024, which compares to previous view of flat vs. YE 2024. Sees PE commercial loans up 5% vs. previous view of up 2%-4%. Sees NII up 20%-22% vs. previous view of up 20%, with 11%+ 4Q25 vs. 4Q24, compared to previous view of 10%+ 4Q25 vs. 4Q24. Sees 2.75% NIM in 4Q25 vs. previous view of 2.70%+. Reaffirms adjusted noninterest income view of up 5%+ vs. FY24, with adjusted noninterest expenses up 3%-5% and net charge offs to average loans 40-45bps.Sees FY25 GAAP tax rate 21%-22%. Comments taken from Q2 investor presentation slides.