KeyCorp Q3 2021 Earnings Report
Key Takeaways
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.
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. 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