Raising 2022 Full Year Outlook

Growing Consumer Loan Portfolio Mix Drives Net Interest Margin Expansion to 8.61% Key Bank Balance Sheet Data (Average balances; $ in millions) Average Balances Average Yield 1Q21 2Q21 3Q21 4Q21 1Q22 1Q21 2Q21 3Q21 4Q21 1Q22 Unsecured consumer loans $147 $512 $991 $1,542 $2,060 13.85% 15.24% 15.95% 15.66% 15.22% +20% Secured consumer loans $521 $532 $464 $436 +7% +17% +10% +14% $3,612 Commercial loans and leases $605 $624 $617 $620 $232 3.70% $621 5.07% 5.81% 3.89% 4.04% 3.69% 3.92% 5.11% 5.59% 4.89% PPP loans $621 $616 $437 $325 $223 3.45% 3.46% 5.07% 4.78% 5.76% $3,136 +7% $3,010 $2,923 HFI Loans $1,895 $2,284 $2,509 $2,923 $3,136 4.84% 6.84% 9.19% 10.53% 11.66% $2,643 $2,509 $2,476 $2,284 Other interest-earning assets² Total Interest-earning Assets $1,034 $862 $2,929 $3,145 $1,023 $973 $1,332 1.27% 2.91% 2.72% 2.61% 2.52% $3,533 $3,896 $4,468 3.58% 5.76% 7.32% 8.55% 8.94% Non-interest bearing deposits $156 $103 $114 $283 $300 Interest-bearing deposits Advances from PPPLF/Other $2,059 $2,373 $411 $315 $417 HFI Loans Deposits Total Interest-bearing Liabilities $2,470 $2,688 $2,946 $2,529 $2,727 $3,312 0.30% 0.29% 0.30% 0.38% 0.42% $342 $235 0.35% 0.35% 0.36% 0.36% $3,069 $3,546 0.31% 0.29% 0.31% 0.38% 0.42% 0.35% ■2Q21 3Q21 4Q21 1Q22 Interest Rate Spread 3.27% 5.47% 7.01% 8.17% 8.52% Net Interest Margin 3.33% 5.51% 7.06% 8.25% 8.61% LendingClub 1) Consumer loans include unsecured and secured consumer loan products. 2) Other interest-eaming assets include HFS loans and AFS securities in addition to cash, cash equivalents, restricted cash and other. 14

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