Slide 1: KeyCorp UBS Financial Services Conference
KeyCorp UBS Financial Services Conference February 9, 2026 Ken Gavrity Head of the Commercial Bank
Slide 2: Commercial Bank
Commercial Bank Supporting Clients Across Meaningful Contributor to KEY Industries & Geographies Earnings & Returns Middle Market Total Revenue Total Average Deposits • ~5K customers across 30 markets 2025 2025 • Serving clients $10MM - $1B revenue Commercial Commercial Payments & Deposits • Total a
Slide 3: National Middle Market Presence
National Middle Market Presence Established Middle Market Presence, Significant Growth Opportunities National Reach, Growing in Top MSAs Middle Market Presence in 11 of the Top 20 MSAs Supporting clients’ capital and operating needs Period-End Middle Market Middle Market C&I Loan Balances Loan Pipel
Slide 4: Holistic Payments Platform with Growth Tailwinds
Holistic Payments Platform with Growth Tailwinds Delivering One of the Broadest Platforms of Banking & Software-based Capabilities in the Market Full Suite of Commercial Payment Capabilities, Continuing to Invest in Growth TRADITIONAL CAPABILITIES INNOVATIVE CAPABILITIES Strategic Focus Areas o Cont
Slide 5: Commercial Banking: Continued Progress
Commercial Banking: Continued Progress Middle Market Commercial Payments Revenue(1) Deposits $’s in billions +26% +60% $1.04Bn $58.1 $823MM Non-operating $36.4 Operating 2019 2025 2019 2025 Deposits Gross Fees(2) $’s in billions +37% $18.3 +57% 88% $13.4 Operating Other Deposits Merchant FER 2019 20
Slide 6: Investing in Strategic Areas to Scale the Business
Investing in Strategic Areas to Scale the Business Continuing to Build our Brand of Expertise and Service Loan Growth Driving Scalability and Growing Bankers Investing in the Platform Productivity Deposit Growth • Attractive banker-friendly model • Digital refresh across core platforms • Continued f
Slide 7: Forward-looking Statements and Additional Information
Forward-looking Statements and Additional Information This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, KeyCorp’s expectations or predictions of future financial or business performance or