KeyCorp Q4 2023 Earnings Report
Key Takeaways
KeyCorp reported a net income of $30 million, or $0.03 per diluted common share, for Q4 2023. The quarter's results included $209 million of after-tax expenses related to a FDIC special assessment, efficiency related expenses, and a pension settlement charge. The underlying performance was solid with net interest income stabilizing, expenses well-controlled, and credit costs remaining low.
Net interest income stabilized, expenses were well-controlled.
Credit costs remained low, and the capital position continued to improve.
Investments continued in differentiated fee-based businesses, anticipated to gain traction as capital market conditions improve.
Balance sheet optimization goal exceeded with a $14 billion reduction in risk-weighted assets.
KeyCorp
KeyCorp
Forward Guidance
I am unable to provide forward guidance information as it is not present in the document