KeyCorp Q3 2023 Earnings Report
Key Takeaways
KeyCorp reported a net income of $266 million, or $0.29 per diluted common share, for Q3 2023. The results reflect continued momentum, supported by a strong balance sheet and disciplined risk management. Key's Common Equity Tier 1 ratio increased to 9.8% through proactive balance sheet management. Credit quality remained solid with net charge-offs to average loans at 24 basis points.
Net income from continuing operations attributable to Key common shareholders was $266 million, or $.29 per diluted common share.
Common Equity Tier 1 ratio increased by 50 basis points to 9.8%.
Average deposits increased by $2 billion compared to the prior quarter.
Net charge-offs to average loans remained low at 24 basis points.
KeyCorp
KeyCorp
KeyCorp Revenue by Segment
Forward Guidance
KeyCorp remains committed to strengthening both capital and liquidity, managing risk, and improving earnings while continuing to invest.
Revenue & Expenses
Visualization of income flow from segment revenue to net income