KeyCorp is a diversified bank headquartered in Cleveland, Ohio, United States, with roots tracing back to 1825. Operating primarily under the KeyBank brand, it offers a wide range of financial products including retail banking, commercial loans, and wealth management services. Led by CEO Christopher M. Gorman since 2019, the bank leverages approximately $200 billion in assets to serve both individual and business clients. With robust digital initiatives and strategic growth plans, KeyCorp seeks to maintain and expand its competitive market position.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Interest Income | 4,636,000 | 3,765,000 | 3,913,000 | 4,527,000 |
| Non-Interest Income | 2,842,000 | 809,000 | 2,470,000 | 2,718,000 |
| Total Revenues Before Provision for Credit Losses | 7,478,000 | 4,574,000 | 6,383,000 | 7,245,000 |
| Provision for Credit Losses | 471,000 | 335,000 | 489,000 | 502,000 |
| Total Revenues After Provision for Credit Losses | 7,007,000 | 4,239,000 | 5,894,000 | 6,743,000 |
| Compensation Expenses | 2,917,000 | 2,714,000 | 2,660,000 | 2,566,000 |
| Selling, General & Administrative Expenses | 1,104,000 | 1,091,000 | 1,077,000 | 1,137,000 |
| Other Non-Interest Expenses | 682,000 | 740,000 | 997,000 | 707,000 |
| Total Non-Interest Expense | 4,703,000 | 4,545,000 | 4,734,000 | 4,410,000 |
| Income Before Provision for Income Taxes | 2,304,000 | (306,000) | 1,160,000 | 2,333,000 |
| Provision for Income Taxes | 476,000 | (143,000) | 196,000 | 422,000 |
| Consolidated Net Income | 1,828,000 | (163,000) | 964,000 | 1,911,000 |
| Net Income Attributable to Discontinued Operations | 1,000 | 2,000 | 3,000 | 6,000 |
| Net Income Attributable to Common Shareholders | 1,829,000 | (161,000) | 967,000 | 1,917,000 |
| Basic EPS | 1.53 | -0.32 | 0.89 | 1.94 |
| Diluted EPS | 1.52 | -0.32 | 0.88 | 1.93 |
| Basic Weighted Average Shares Outstanding | 1,098,560 | 949,561 | 927,217 | 924,363 |
| Diluted Weighted Average Shares Outstanding | 1,107,990 | 949,561 | 932,759 | 933,059 |
| Shares Outstanding | 1,102,400 | 1,106,790 | 936,564 | 933,325 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Cash and Cash Equivalents | 1,287,000 | 1,743,000 | 941,000 | 887,000 |
| Securities and Investments | 48,218,000 | 45,102,000 | 45,760,000 | 47,827,000 |
| Short-Term Interbank Lending and Reverse Repurchase Agreements | 10,163,000 | 17,504,000 | 10,817,000 | 2,432,000 |
| Trading Assets | 1,061,000 | 1,283,000 | 1,142,000 | 829,000 |
| Other Earning Assets | 1,077,000 | 797,000 | 483,000 | 963,000 |
| Gross Loans | 106,541,000 | 104,260,000 | 112,606,000 | 119,394,000 |
| Allowance for Loan Losses | (1,427,000) | (1,409,000) | (1,508,000) | (1,337,000) |
| Net Loans | 105,114,000 | 102,851,000 | 111,098,000 | 118,057,000 |
| Net Property, Plant & Equipment | 628,000 | 614,000 | 661,000 | 636,000 |
| Accrued Interest and Accounts Receivable | 8,481,000 | 8,797,000 | 8,601,000 | 9,223,000 |
| Net Intangible Assets | 8,000 | 27,000 | 55,000 | 94,000 |
| Goodwill | 2,752,000 | 2,752,000 | 2,752,000 | 2,752,000 |
| Long-Term Investments | 949,000 | 1,041,000 | 1,244,000 | 1,308,000 |
| Other Non-Earning Assets | 4,643,000 | 4,657,000 | 4,727,000 | 4,805,000 |
| Total Assets | 184,381,000 | 187,168,000 | 188,281,000 | 189,813,000 |
| Interest-bearing deposits | 121,100,000 | 120,132,000 | 114,859,000 | 101,761,000 |
| Noninterest-bearing deposits | 27,613,000 | 29,628,000 | 30,728,000 | 40,834,000 |
| Total Deposits | 148,713,000 | 149,760,000 | 145,587,000 | 142,595,000 |
| Short-Term Interbank Borrowing and Repurchase Agreements | 13,000 | 14,000 | 38,000 | 4,077,000 |
| Short-Term Borrowings | 1,071,000 | 2,130,000 | 3,053,000 | 5,386,000 |
| Accrued Expenses | 4,286,000 | 4,983,000 | 5,412,000 | 4,994,000 |
| Long-Term Debt | 9,917,000 | 12,105,000 | 19,554,000 | 19,307,000 |
| Total Liabilities | 164,000,000 | 168,992,000 | 173,644,000 | 176,359,000 |
| Preferred Stock | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 |
| Common Stock | 1,257,000 | 1,257,000 | 1,257,000 | 1,257,000 |
| Treasury Stock | (2,810,000) | (2,733,000) | (5,844,000) | (5,910,000) |
| Additional Paid-in Capital | 6,035,000 | 6,038,000 | 6,281,000 | 6,286,000 |
| Accumulated Other Comprehensive Income | (1,960,000) | (3,470,000) | (5,229,000) | (6,295,000) |
| Retained Earnings | 15,359,000 | 14,584,000 | 15,672,000 | 15,616,000 |
| Total Common Shareholders' Equity | 20,381,000 | 18,176,000 | 14,637,000 | 13,454,000 |
| Total Shareholders' Equity | 20,381,000 | 18,176,000 | 14,637,000 | 13,454,000 |
| Total Liabilities and Shareholders' Equity | 184,381,000 | 187,168,000 | 188,281,000 | 189,813,000 |
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | |
|---|---|---|---|---|
| Net Income | 1,829,000 | (161,000) | 967,000 | 1,917,000 |
| Depreciation & Amortization | 21,000 | 73,000 | 154,000 | 164,000 |
| Provision for Credit Losses | 471,000 | 335,000 | 489,000 | 502,000 |
| Share-Based Compensation Expense | 132,000 | 104,000 | 121,000 | 120,000 |
| Net Change in Loans Held-for-Sale | (238,000) | (316,000) | 425,000 | 1,812,000 |
| Other Adjustments | (267,000) | 1,276,000 | (351,000) | (300,000) |
| Changes in Trading Assets | 222,000 | (141,000) | (313,000) | (128,000) |
| Changes in Accrued Interest and Accounts Receivable | 221,000 | (270,000) | 554,000 | (1,044,000) |
| Changes in Accrued Expenses | (723,000) | (72,000) | 450,000 | 1,409,000 |
| Changes in Other Operating Activities | 533,000 | (139,000) | 389,000 | 17,000 |
| Cash from Operating Activities | 2,208,000 | 664,000 | 2,903,000 | 4,469,000 |
| Net Change in Loans Held-for-Investment | (2,508,000) | 8,114,000 | 6,819,000 | (17,492,000) |
| Net Change in Securities and Investments | 5,744,000 | (5,683,000) | (5,361,000) | 6,636,000 |
| Payments for Business Acquisitions | — | — | — | (58,000) |
| Capital Expenditure | (107,000) | (65,000) | (142,000) | (96,000) |
| Purchases of Intangible Assets | — | — | — | (12,000) |
| Proceeds from Sale of Property, Plant & Equipment | 4,000 | 24,000 | 5,000 | 16,000 |
| Other Investing Activities | 178,000 | 309,000 | 154,000 | (563,000) |
| Cash from Investing Activities | 3,219,000 | 2,497,000 | 1,417,000 | (10,934,000) |
| Net Change in Deposits | (1,047,000) | 4,173,000 | 2,992,000 | (9,977,000) |
| Net Change in Short-Term Interbank Borrowing and Repurchase Agreements | (1,060,000) | (947,000) | (6,372,000) | 8,702,000 |
| Issuance of Long-Term Debt | 1,556,000 | 1,646,000 | 5,240,000 | 16,596,000 |
| Repayments of Long-Term Debt | (4,052,000) | (9,057,000) | (5,144,000) | (8,580,000) |
| Net Issuance / (Repayments) of Long-Term Debt | (2,496,000) | (7,411,000) | 96,000 | 8,016,000 |
| Issuance of Common Shares | 2,780,000 | 10,000 | 1,000 | 6,000 |
| Repurchases of Common Shares | (235,000) | (66,000) | (34,000) | (44,000) |
| Net Issuance / (Repurchases) of Common Shares | 2,545,000 | (56,000) | (33,000) | (38,000) |
| Issuance of Preferred Shares | — | — | — | 590,000 |
| Net Issuance / (Repurchases) of Preferred Shares | — | — | — | 590,000 |
| Common Share Dividends Paid | (1,054,000) | (927,000) | (911,000) | (854,000) |
| Other Financing Activities | (1,054,000) | (927,000) | (911,000) | (854,000) |
| Cash from Financing Activities | (5,883,000) | (2,359,000) | (4,266,000) | 6,439,000 |
| Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash | (456,000) | 802,000 | 54,000 | (26,000) |
| Metric | Value |
|---|---|
| Market Cap | $22.75B |
| P/E | 13.58x |
| P/S | 3.25x |
| Return on Equity | 9.5% |
| Dividend Yield | 4.6% |
| Free Cash Flow Margin | 30.0% |
| Quarter | Revenue | YoY growth | Operating margin | Operating income |
|---|---|---|---|---|
| Q1 2026 | $1.95B | +10.3% | — | — |
| Q4 2025 | $2.00B | +133.6% | — | — |
| Q3 2025 | $1.89B | +176.1% | — | — |
| Q2 2025 | $1.83B | +20.9% | — | — |
| Q1 2025 | $1.76B | — | — | — |
| Q4 2024 | $855M | — | — | — |
| Q3 2024 | $683M | — | — | — |
| Q2 2024 | $1.51B | — | — | — |