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Dec 31, 2020
KeyCorp Q4 2020 Earnings Report
Reported record fourth quarter net income and revenue.
Key Takeaways
KeyCorp reported a record fourth quarter net income of $549 million, or $0.56 per diluted common share. The company saw record revenue for both the fourth quarter and the full year. Strong credit quality and a robust capital position were also highlighted.
Record revenue for the fourth quarter and full year 2020
All-time high level of investment banking and debt placement fees for the fourth quarter and full year
Strong credit quality: net charge-offs to average loans of 53 basis points
Return on average tangible common equity of 16.6%, up 440 basis points from the prior quarter
KeyCorp
KeyCorp
KeyCorp Revenue by Segment
Revenue by Segment
Consumer Bank Revenue
CapyFin.comCommercial Bank Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The 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.
Challenges Ahead
- deterioration of commercial real estate market fundamentals
- adverse changes in credit quality trends
- declining asset prices
- a reversal of the U.S. economic recovery due to financial, political, or other shocks
- the extensive regulation of the U.S. financial services industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income