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Mar 31, 2023
KeyCorp Q1 2023 Earnings Report
KeyCorp reported net income for Q1 2023.
Key Takeaways
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.
Net income from continuing operations attributable to Key common shareholders was $275 million, or $.30 per diluted common share.
Strong liquidity and funding, supported by diverse, core deposits.
Solid credit quality and disciplined underwriting with net charge-offs to average loans of 15 basis points.
Capital remained strong, with Common Equity Tier 1 of 9.1%.
KeyCorp
KeyCorp
KeyCorp Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income