KeyCorp Earnings Reports

KeyCorp posted strong Q1 results with increased revenue and net income, driven by rising net interest income and improved credit performance.

KeyCorp reported a net loss of $(279) million for Q4 2024, but adjusted net income was $378 million. Revenue was $865 million, with adjusted revenue up 16% year-over-year. Net interest income increased by 10% linked quarter, and there was momentum across investment banking, payments, and wealth management fees, up 27% year-over-year.

KeyCorp reported a net loss of $(447) million for Q3 2024, or $(0.47) per diluted common share, but an adjusted net income of $290 million, or $0.30 per diluted common share. The results were impacted by a $737 million after-tax charge related to the loss on the sale of securities. Net interest income increased by 7% quarter-over-quarter, and average deposits were up 2.5%.

KeyCorp announced net income from continuing operations attributable to Key common shareholders of $237 million, or $.25 per diluted common share, for the second quarter of 2024. The company saw growth in net interest income, client deposits, and progress in strategic fee-based initiatives. Expenses were well-managed, and net charge-offs remained low, contributing to a solid quarter.

KeyCorp reported a solid start to 2024 with net income of $183 million, driven by strong investment banking performance and well-controlled expenses. Customer deposits increased, and key capital ratios improved.

KeyCorp reported a net income of $30 million, or $0.03 per diluted common share, for Q4 2023. The quarter's results included $209 million of after-tax expenses related to a FDIC special assessment, efficiency related expenses, and a pension settlement charge. The underlying performance was solid with net interest income stabilizing, expenses well-controlled, and credit costs remaining low.

KeyCorp reported a net income of $266 million, or $0.29 per diluted common share, for Q3 2023. The results reflect continued momentum, supported by a strong balance sheet and disciplined risk management. Key's Common Equity Tier 1 ratio increased to 9.8% through proactive balance sheet management. Credit quality remained solid with net charge-offs to average loans at 24 basis points.

KeyCorp reported a net income of $250 million, or $0.27 per diluted common share, for the second quarter of 2023. The results reflect a strong balance sheet with period-end deposits up $1.0 billion compared to the prior quarter, solid credit quality, and disciplined expense management.

KeyCorp reported a net income of $275 million, or $0.30 per diluted common share, for the first quarter of 2023. The results reflect stability from the company's business model, strong balance sheet, and focus on relationship banking.

KeyCorp reported a net income of $356 million, or $.38 per diluted common share, for Q4 2022. The results reflect a provision for credit losses of $265 million and are supported by loan and deposit growth across commercial and consumer businesses. The company also demonstrated solid credit quality with net charge-offs to average loans of 14 basis points.

KeyCorp reported a net income of $513 million, or $.55 per diluted common share, for Q3 2022. Revenue increased from the previous quarter and year-ago period, driven by loan growth in commercial and consumer businesses. Credit quality remained strong, and the company achieved positive operating leverage.

KeyCorp reported a net income of $504 million for the second quarter of 2022, with earnings per diluted common share at $.54. The company saw positive operating leverage and a 6% revenue increase from the previous quarter, driven by net interest income growth and strong loan growth.

KeyCorp reported a net income of $420 million, or $.45 per diluted common share, for Q1 2022. The results reflect strong loan growth, record loan originations from Laurel Road, and strong credit quality. However, noninterest income was adversely impacted by market conditions.

KeyCorp reported a strong fourth quarter in 2021, with record revenue and pre-provision net revenue for both the quarter and the full year. The company demonstrated positive operating leverage and strong credit quality, returning 75% of net income to shareholders in 2021.

KeyCorp reported a strong third quarter with a net income of $616 million, or $0.65 per diluted common share. The company experienced positive operating leverage, record revenue, and strong credit quality.

KeyCorp reported a record second quarter net income of $698 million, or $0.72 per diluted common share. The results were driven by an 8% year-over-year increase in noninterest income and strong consumer originations.

KeyCorp reported a record first quarter with a net income of $591 million, or $.61 per diluted common share, marking a significant increase compared to the previous quarter and the same period last year. The results were driven by broad-based strength in fees and positive operating leverage.

KeyCorp reported a record fourth quarter net income of $549 million, or $0.56 per diluted common share. The company saw record revenue for both the fourth quarter and the full year. Strong credit quality and a robust capital position were also highlighted.

KeyCorp reported a net income of $397 million, or $0.41 per diluted common share, for Q3 2020. Revenue increased by 3% compared to the year-ago period. The company's balance sheet remained strong, with a Common Equity Tier 1 Capital of 9.5%.

KeyCorp reported a net income of $159 million, or $0.16 per diluted common share, for the second quarter of 2020. The results reflect a provision for credit losses of $482 million and were impacted by the COVID-19 pandemic. Record revenue was achieved, driven by strength in fees.

KeyCorp reported a net income of $118 million, or $0.12 per diluted common share, for Q1 2020. The results reflect the adoption of the Current Expected Credit Losses (CECL) accounting methodology and the impact of COVID-19 and market-related valuation adjustments.

KeyCorp reported a net income of $439 million, or $0.45 per diluted common share, for Q4 2019. The company achieved its seventh consecutive year of positive operating leverage, driven by balance sheet growth, fee-based businesses, and expense control. KeyCorp also completed $241 million of common share repurchases during the quarter.