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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.
KeyCorp
KeyCorp
KeyCorp Revenue by Segment
Revenue by Segment
Consumer Bank Revenue
CapyFin.comCommercial Bank Revenue
CapyFin.comOther Revenue
CapyFin.com 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