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.
Positive operating leverage compared to the year-ago period.
Record third quarter revenue, up 8% from the year-ago period.
Record third quarter noninterest income, up 17% from the year-ago period.
Strong credit quality: net charge-offs to average loans of 11 basis points.
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.
Visualization of income flow from segment revenue to net income