Earnings summaries and quarterly performance for KEYCORP /NEW/.
Executive leadership at KEYCORP /NEW/.
Board of directors at KEYCORP /NEW/.
AC
Alexander Cutler
Detailed
Lead Independent Director
BS
Barbara Snyder
Detailed
Director
CH
Carlton Highsmith
Detailed
Director
DW
David Wilson
Detailed
Director
DR
Devina Rankin
Detailed
Director
EG
Elizabeth Gile
Detailed
Director
JA
Jacqueline Allard
Detailed
Director
JD
James Dallas
Detailed
Director
RH
Richard Hipple
Detailed
Director
RT
Richard Tobin
Detailed
Director
RH
Robin Hayes
Detailed
Director
RA
Ruth Ann Gillis
Detailed
Director
SK
Somesh Khanna
Detailed
Director
TV
Todd Vasos
Detailed
Director
Research analysts who have asked questions during KEYCORP /NEW/ earnings calls.
Ebrahim Poonawala
Bank of America Securities
4 questions for KEY
Also covers: , BK, BMO +30 more
MG
Manan Gosalia
Morgan Stanley
4 questions for KEY
Also covers: CADE, CFG, CFR +16 more
JP
John Pancari
Evercore ISI
3 questions for KEY
Also covers: ALLY, BFH, CFG +16 more
Bill Carcache
Wolfe Research, LLC
2 questions for KEY
Also covers: BFH, CMA, COF +10 more
BF
Brian Foran
Truist Financial
2 questions for KEY
Also covers: AXP, CMA, COF +6 more
Erika Najarian
UBS
2 questions for KEY
Also covers: AXP, BAC, C +14 more
MO
Matthew O'Connor
Deutsche Bank
2 questions for KEY
Also covers: BAC, C, CFG +11 more
MM
Michael Mayo
Wells Fargo
2 questions for KEY
Also covers: BAC, BK, C +10 more
Christopher McGratty
Keefe, Bruyette & Woods
1 question for KEY
Also covers: ASB, BAC, BANC +33 more
Gerard Cassidy
RBC Capital Markets
1 question for KEY
Also covers: BAC, BK, BPOP +14 more
KU
Ken Usdin
Autonomous Research
1 question for KEY
Also covers: BAC, BK, C +11 more
LE
L. Erika Penala
UBS
1 question for KEY
Also covers: AXP, BAC, CFG +9 more
MO
Matt O'Connor
Deutsche Bank
1 question for KEY
Also covers: BAC, JPM, MTB +5 more
MM
Mike Mayo
Wells Fargo
1 question for KEY
Also covers: BAC, BK, C +11 more
Nathan Stein
Deutsche Bank
1 question for KEY
Also covers: CFG, HBAN, HLI +1 more
PW
Peter Winter
D.A. Davidson
1 question for KEY
Also covers: BFIN, BOKF, CFG +11 more
RS
R. Scott Siefers
Piper Sandler Companies
1 question for KEY
Also covers: ASB, CFG, FITB +6 more
Ryan Nash
Goldman Sachs & Co.
1 question for KEY
Also covers: ALLY, AXP, CFG +6 more
Thomas Leddy
RBC Capital Markets
1 question for KEY
Also covers: BK, BPOP, FITB +2 more
Recent press releases and 8-K filings for KEY.
KeyCorp lowers its prime lending rate to 6.75%
KEY
- KeyCorp and its banking affiliates lowered their prime lending rate to 6.75% from 7.00%, effective Dec. 11, 2025.
- As of Sept. 30, 2025, KeyCorp held $187 billion in total assets.
- The bank operates about 1,000 branches and 1,200 ATMs across 15 states.
- Offers deposit, lending, cash management, and investment services to individuals and businesses, plus corporate and investment banking products under KeyBanc Capital Markets.
Dec 10, 2025, 8:03 PM
KeyCorp projects record 2025 revenue and outlines capital return plan
KEY
Guidance Update
Share Buyback
- Record revenue expected in 2025, with full-year adjusted total revenue growth of 15%+ YoY and net interest income up 22%+ (TE).
- Strong capital position, marked Common Equity Tier 1 of 10.3% in 3Q25 (adjusted), and ~$800 MM remaining on share repurchase authorization after ~$200 MM repurchased in 4Q25.
- On pace to meet or exceed all FY targets while making meaningful franchise investments; no depository institution acquisitions planned.
- ROTCE trajectory improving, at a 12.5% run rate in 3Q25 with a long-term target of 16–19% by end-2027.
Dec 9, 2025, 1:40 PM
KeyCorp reports record 2025 revenue and targets 15% ROTCE with high single-digit growth
KEY
Guidance Update
Share Buyback
- KeyCorp delivered record revenues in 2025, with full-year fees comfortably above 6.5% of net revenues, NII growth exceeding 22%, and repurchased $200 million of shares in Q4.
- For 2026, the bank expects high single-digit revenue growth, will continue to invest in people and technology, target 15% ROTCE by 12/31/2027, and pursue $100 million of annual cost savings to reinvest in the business.
- Its capital markets business is positioned to expand toward $1 billion in annual fees, leveraging a verticalized middle-market platform and high repeat-client activity.
- KeyCorp will not pursue depository acquisitions, focusing instead on organic growth, selective boutique hires and non-bank franchise add-ons, while targeting a marked CET1 ratio of 9.5–10% and redeploying excess capital into share buybacks.
- Credit remains well-positioned: consumer deposits are 20% higher than pre-COVID levels, 10-year average charge-offs are 27 bps, and commercial credit metrics continue to improve.
Dec 9, 2025, 1:40 PM
KeyCorp outlines growth and capital return strategy at Goldman Sachs Conference
KEY
Share Buyback
Guidance Update
- KeyCorp delivered record 2025 revenue, expanded its fee-based sales force by 10%, invested $100 million in technology and finished the year with strong capital levels to support growth and returns.
- In Q4, the bank achieved fee income north of $750 million, net interest income growth above 22%, expense growth of ~4%, and repurchased $200 million of stock versus the $100 million plan.
- For 2026, management targets high-single-digit revenue growth, sustained credit quality and continued investments in people and technology, aiming for 15% ROTCE by YE 2027.
- Capital deployment priorities include organic expansion, using the remaining $800 million buyback authorization, no bank M&A, and selective hires or boutique acquisitions to strengthen vertical platforms.
- CEO Gorman emphasized the mid-market capital markets platform’s path to $1 billion in fee revenue and reaffirmed a healthy consumer and commercial credit profile.
Dec 9, 2025, 1:40 PM
KeyCorp subsidiary announces redemption of senior bank notes due 2026
KEY
- On November 25, 2025, KeyBank National Association delivered a notice to Deutsche Bank Trust Company Americas to redeem all its outstanding 4.700% Fixed Rate Senior Bank Notes due January 26, 2026 (CUSIP 49327M3G7).
- The notes will be redeemed on December 29, 2025, at a redemption price equal to 100% of the outstanding principal amount plus accrued and unpaid interest to, but excluding, the redemption date.
Nov 25, 2025, 6:34 PM
KeyCorp survey: Private SaaS firms accelerate growth and profitability
KEY
Revenue Acceleration/Inflection
New Projects/Investments
- The 16th annual private SaaS survey reports ARR growth accelerating from 15% in 2024 to 20% in 2025, marking the first uptick after three years of declines.
- Gross retention is set to approach 90% and net retention remains above 100% following a drop to 86% in 2023.
- AI adoption is a key catalyst: over 50% of companies plan to boost AI spending by more than 21%, and 67% are monetizing AI via subscription models.
- EBITDA margins have improved since 2022 and are projected to breach profitability by 2026 as firms balance growth with efficiency.
Nov 13, 2025, 9:01 PM
KeyBank outlines consumer growth, wealth momentum, and capital return plans at Boston conference
KEY
Share Buyback
Dividends
M&A
- Key consumer deposit base of $88 billion provides low-cost, high-liquidity funding well below company average, fueling commercial lending growth.
- Wealth management reaches a record $68 billion in assets under management, with 50,000 mass-affluent households adding $6 billion (~$125,000 per household) through the Key Private Client initiative.
- Capital priorities remain focused on maintaining the dividend and growing share repurchases, targeting at least $100 million in Q4 buybacks and increasing quarterly repurchases throughout 2026.
- M&A strategy de-emphasizes depository deals in favor of bolt-on transactions (e.g., Cain Brothers, Pacific Crest), requiring high strategic and financial returns to avoid tangible book value dilution.
- Consumer lending mix evolving as residential mortgage runoff continues; management sees multi-year growth potential in the HELOC business given elevated home-equity levels among key demographics.
Nov 6, 2025, 3:30 PM
KeyCorp outlines consumer bank and wealth strategy at Boston conference
KEY
Share Buyback
M&A
New Projects/Investments
- KeyCorp’s consumer bank serves over 2 million households with $80 billion of low-cost deposits and contributes $1 billion in annual fee income, supported by super-prime credit (average FICO 790) and relationship deposits costing well below the company average.
- The wealth business manages a record $68 billion in assets, with 50,000 mass-affluent households adding $6 billion (~$125,000 each) and Q3 2025 marking the third consecutive record month of managed-money production.
- Relationship households now account for 80% of consumer deposits (up from ~70% pre-COVID); 22% of these relationships have been acquired since 2020, skew younger and drive double the household growth rate in Western markets versus Eastern.
- Capital ratios stand at CET1 11.8% and marked capital 10.3%, with a minimum $100 million share buyback committed for Q4 2025 and potential for increased repurchases in 2026, while maintaining the dividend.
- The $18 billion “NDFI” portfolio comprises $7 billion of specialty finance (one loss in 20 years), $6 billion of 97% investment-grade REIT loans (40% LTV), $3 billion of insurance/finance relationships, and $1 billion unitranche JV, growing $0.7 billion year-to-date.
Nov 6, 2025, 3:30 PM
KeyCorp reports Q3 2025 earnings
KEY
Earnings
- EPS of $0.41, up 37% year-over-year; revenue (TE) of $1.895B, up 17% YoY
- Net interest income (TE) of $1.193B, up 24% YoY; NIM of 2.75%, up 9 bps QoQ
- Average loans of $106.2B and average deposits of $150.4B, with commercial loan growth YTD +5% and client deposits up 2% YoY
- Credit metrics remained strong: NCOs/average loans 42 bps, NPA ratio 0.63%, provision for credit losses $107 M
Oct 16, 2025, 2:00 PM
KeyCorp reports Q3 2025 earnings
KEY
Earnings
Guidance Update
- EPS of $0.41 and ROA >1%, with pre-provision net revenue up $33 M (5% Q/Q) and adjusted revenues +17% Y/Y, marking the sixth straight quarter of PPNR improvement.
- Net interest margin reached 2.75%, achieving the year-end target one quarter early; Q4 NIM is expected in the 2.75%–2.80% range.
- CET1 ratio ~12% at quarter end; average loans rose $5 B Q/Q and average deposits +2% with deposit costs down 2 bps to 1.97%.
- Fee income increased high-single digits Y/Y; investment banking & debt placement fees were $184 M (+8% Y/Y), and the bank raised $50 B in capital, retaining 15% on its balance sheet.
- 2025 guidance: full-year NII growth ~22%, Q4 exit NII +13%+, fees up 5–6%, expense growth ~4%, GAAP tax rate ~21%, aiming for record revenue and >100 bps fee-based operating leverage.
Oct 16, 2025, 2:00 PM
Quarterly earnings call transcripts for KEYCORP /NEW/.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more