KeyCorp Q1 2020 Earnings Report
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
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