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Mar 31, 2020
KeyCorp Q1 2020 Earnings Report
Reported net income impacted by adoption of CECL accounting and COVID-19 market conditions.
Key Takeaways
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.
Q1 2020 results reflect the Current Expected Credit Losses accounting methodology; provision for credit losses exceeded net charge-offs by $275 million, or $.23 per share
$92 million, or $.08 per share, impact from market-related valuation adjustments
Capital and liquidity positioned to weather adverse operating environments
Performing critical role in providing capital and assistance to our clients; over 38,000 applications being processed for Paycheck Protection Program
KeyCorp
KeyCorp
KeyCorp Revenue by Segment
Revenue by Segment
Consumer Bank Revenue
CapyFin.comCommercial Bank Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not relate strictly to historical or current facts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income