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Sep 30, 2020
KeyCorp Q3 2020 Earnings Report
Reported third quarter net income, reflecting momentum in consumer and commercial businesses and disciplined risk management.
Key Takeaways
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%.
Net income from continuing operations attributable to Key common shareholders of $397 million, or $.41 per diluted common share.
Revenue up 3% from year-ago period, reflecting continued momentum in consumer and commercial businesses
Common Equity Tier 1 Capital of 9.5%, up 40 basis points from prior quarter
Noninterest income up 5% from the prior year, driven by growth in payments business and consumer mortgage
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. Forward-looking statements usually can be identified by the use of words such as “goal,” “objective,” “plan,” “expect,” “assume,” “anticipate,” “intend,” “project,” “believe,” “estimate,” or other words of similar meaning.
Revenue & Expenses
Visualization of income flow from segment revenue to net income