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Dec 31, 2022
KeyCorp Q4 2022 Earnings Report
Reported net income of $356 million, or $.38 per diluted common share, driven by loan and deposit growth and solid credit quality.
Key Takeaways
KeyCorp reported a net income of $356 million, or $.38 per diluted common share, for Q4 2022. The results reflect a provision for credit losses of $265 million and are supported by loan and deposit growth across commercial and consumer businesses. The company also demonstrated solid credit quality with net charge-offs to average loans of 14 basis points.
Net income from continuing operations attributable to Key common shareholders was $356 million, or $.38 per diluted common share.
Provision for credit losses of $265 million, which exceeded net charge-offs by $224 million, or $.20 per share
Loan and deposit growth across commercial and consumer businesses.
Solid credit quality with net charge-offs to average loans of 14 basis points.
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
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Avg. Return Before/After Earnings
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