Financials

KeyCorp financials

KEY Banks

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.

Snapshot

KeyCorp reported $7.48B in revenue in fiscal 2025, up 63.5% year over year.

Revenue (FY2025): $7.48B
YoY growth: +63.5%
Operating margin: —
Direction: Expanding

Financial statements

In thousands, USD
	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

In thousands, USD
	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

In thousands, USD
	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)

Key metrics

$22.75B

Market Cap

13.58x

P/E

3.25x

P/S

9.5%

Return on Equity

4.6%

Dividend Yield

30.0%

Free Cash Flow Margin

Quarterly trend

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	—	—	—

Margins

—

Gross margin

—

Operating margin

24.4%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-19

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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