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KeyCorp
XMUN:KEY

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KeyCorp
XMUN:KEY
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Price: 18.518 EUR -2.35% Market Closed
Market Cap: €20.6B

KeyCorp
Investor Relations

KeyCorp is a regional bank holding company whose main business is KeyBank, a full-service bank that takes deposits, makes loans, and handles everyday banking for people and businesses. It serves consumers, small and mid-sized businesses, commercial clients, and some institutional customers through branches, digital banking, and relationship managers. The company makes money in two main ways: it earns interest on loans such as mortgages, auto loans, and commercial credit, and it collects fees for services like wealth management, cash management, treasury services, and payment processing. That mix gives it a steadier business than a lender that relies only on one type of loan. What makes KeyCorp’s role clear is that it sits between local customers and the broader credit markets. It gathers deposits from households and businesses, then uses that funding to lend and to offer banking services that help customers manage cash, borrow for expansion, and handle daily payments.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 16, 2026
AI Summary
Q1 2026

Strong quarter: KeyCorp reported earnings per share of $0.44, up 33% year over year, with revenue up 10% and adjusted pre-provision net revenue growing for the eighth straight quarter.

Guidance raised: Management lifted full-year net interest income growth guidance to 9% to 10% from 8% to 10%, increased average loan growth guidance to 2% to 4% from 1% to 2%, and now expects a year-end net interest margin of about 3.05%.

Capital returns: The company repurchased nearly $400 million of stock in the quarter and raised its 2026 buyback target to at least $1.3 billion.

Credit stayed solid: Net charge-offs were 38 basis points, nonperforming assets stayed below historical levels, and management said the credit book remains well reserved.

Loan and fee momentum: Commercial loans, investment banking, wealth, and payments all grew, while management said pipelines remain strong even as M&A activity is still slower than hoped.

Macro caution: Management said the outlook is still being shaped by volatile markets, firming private credit spreads, and broader uncertainty, but it did not see a credit problem in private credit.

Key Financials
Earnings per share
$0.44
Revenue
up 10% year-over-year
Adjusted pre-provision net revenue
up $29 million sequentially
Net interest margin
2.87%
Commercial loan growth
$3.3 billion
Average loans
up $1.4 billion sequentially
Average commercial loans
up 3%
Average deposits
down 2% sequentially
Deposit costs
1.65%
Interest-bearing deposit beta
56%
Total funding beta
68%
Net charge-offs
38 basis points
Loan loss provision
$106 million
Reserve build
$5 million
Tangible book value per share
up 10% year-over-year
Investment banking and debt placement fees
$197 million
Trust and investment services income
up 13% year-over-year
Assets under management
$70 billion
Commercial mortgage servicing fees
$62 million
Noninterest expenses
$1.2 billion
CET1 ratio
11.4%
Marked CET1 ratio
10%
Share repurchases
nearly $400 million in the quarter
Return on tangible common equity
exceeded 13%
Commercial clients
up 3% year-over-year
Relationship households
up 2% year-over-year
Priority fee-based businesses growth
up 12% year-over-year
Capital raised for clients
nearly $47 billion
Client assets in mass affluent strategy
$7.4 billion
Mass affluent households
57,000
NDFI loans
$2.4 billion growth in the quarter
Private credit outstandings
approximately $10.9 billion
Data center exposure
fairly de minimis
Commercial mortgage servicing assets
approximately $720 billion
Special servicing assets
about $265 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Christopher Marrott Gorman
Chairman, President & CEO
No Bio Available
Mr. Clark Harold Ibrahim Khayat J.D.
Chief Financial Officer
No Bio Available
Ms. Amy G. Brady
Executive VP & Chief Information Officer
No Bio Available
Ms. Stacy L. Gilbert
Chief Accounting Officer
No Bio Available
Mr. Brian James Mauney
Director of Investor Relations
No Bio Available
Mr. James L. Waters J.D.
General Counsel & Corporate Secretary
No Bio Available
Ms. Susan E. Donlan
Chief Communications Officer
No Bio Available
Ms. Amy Carlson
Executive VP & Group Head of Debt Capital Markets Origination Structuring
No Bio Available
Ms. Katrina M. Evans
Chief of Staff & Director of Corporate Center
No Bio Available
Mr. Kenneth C. Gavrity
Head of Commercial Banking
No Bio Available

Contacts

Address
OHIO
CLEVELAND
127 Public Sq
Contacts
+12166896300.0
www.key.com
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