Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 127 Public Square, Cleveland, Ohio 441 ...

Core Insights - KeyBank has launched the Certified Cash Flow Advisor Program to enhance its service offerings for small-to-midsize businesses, focusing on a consultative approach to address complex financial needs [1][4] - The program aims to empower business owners by providing tailored solutions that improve efficiency and profitability in areas such as payments, receivables, and liquidity management [3][4] Company Overview - KeyBank, headquartered in Cleveland, Ohio, has approximately $189 billion in assets as of March 31, 2025, and operates a network of around 1,000 branches and 1,200 ATMs across 15 states [6][7] - The bank provides a wide range of financial services, including deposit, lending, cash management, and investment services, as well as corporate and investment banking products [7] Program Details - The Certified Cash Flow Advisor Program was launched in 2024 and equips KeyBank professionals with a framework for engaging business owners in meaningful discussions, termed 'Key Conversations' [2] - By the end of March 2025, approximately 900 KeyBank advisors have completed the certification process, with around 285 more in progress, indicating a significant investment in enhancing advisory services [3] Strategic Approach - KeyBank's approach emphasizes an advice-driven philosophy, aiming to strengthen relationships with business owners and support their long-term success in a complex financial landscape [5] - The program represents a shift from traditional banking to a more strategic partnership model, focusing on collaborative financial guidance rather than solely product-driven solutions [4][5]

State of the art museum with interactive exhibits highlights the bank's 200-year history and shows that yesterday, today, and tomorrow, Key will be here to serve clients and communitiesCLEVELAND, April 30, 2025 /PRNewswire/ -- Today, as part of its bicentennial celebration, KeyBank (NYSE: KEY) held a grand opening at its new Heritage Center in Cleveland. As part of the celebration, KeyCorp Chairman and CEO Chris Gorman took part in a ribbon cutting with Key teammates and local dignitaries. L to R: Cuyah ...

Shares of KeyCorp ( KEY ) have been a mixed performer over the past year, trading essentially flat. That said, shares have been hard hit since their Q4 highs amid market turmoil and tariff fears. This past week, the company reported solid quarterly results thatOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an ar ...

Highlights Despite tariff-induced macroeconomic uncertainty, KeyCorp's commercial payments business is experiencing strong momentum, indicating resilience within its corporate client base. KeyCorp's credit quality remains strong, with nonperforming assets and the NPL ratio declining sequentially. Management noted that some corporate clients may pause on new transactional activity and projects. KeyCorp’s latest earnings results showed growth in deposits, while management pointed to momentum in pa ...

Core Viewpoint - KeyCorp reported strong first-quarter 2025 adjusted earnings per share of 33 cents, exceeding estimates and reflecting a 50% increase year-over-year, driven by higher non-interest income, net interest income, and lower expenses, despite a decline in loan and deposit balances [1][2]. Financial Performance - Net income from continuing operations attributable to common shareholders was $370 million, significantly up year-over-year, excluding a $22 million after-tax loss on the sale of securities [2]. - Total revenues rose 15.7% year-over-year to $1.77 billion, surpassing the Zacks Consensus Estimate of $1.76 billion [3]. - Net interest income (NII) increased 24.7% to $1.11 billion year-over-year, with net interest margin (NIM) rising 56 basis points to 2.58% [4]. - Non-interest income was $668 million, up 3.2% year-over-year, driven by increases in most fee income components [5]. - Non-interest expenses declined 1% to $1.13 billion, attributed to reductions in operating lease expenses and professional fees [6]. Loans and Deposits - Average total deposits were $148.54 billion, slightly down from the previous quarter, primarily due to seasonal decreases in commercial deposit balances [7]. - Average total loans were $104.35 billion, also down from the past quarter, mainly due to decreases in commercial mortgage real estate loans and consumer loans [7]. Credit Quality - Net loan charge-offs as a percentage of average total loans rose 14 basis points year-over-year to 0.43%, while the allowance for loan and lease losses was $1.43 billion, down 7.3% [8]. - Non-performing assets increased to 0.67%, up 6 basis points year-over-year, with the provision for credit losses rising 16.8% to $118 million [8]. Capital Ratios - KeyCorp's tangible common equity to tangible assets ratio improved to 7.4% as of March 31, 2025, up from 5% in the same period of 2024 [9]. - The Tier 1 risk-based capital ratio increased to 13.5%, up from 12%, and the Common Equity Tier 1 ratio rose to 11.8%, up from 10.3% [9]. Strategic Outlook - The company anticipates that decent loan balances, balance sheet repositioning efforts, strategic buyouts, and relatively higher interest rates will support revenues in the near term, although rising funding costs may exert pressure [10].

KeyCorp (KEY) reported $1.76 billion in revenue for the quarter ended March 2025, representing a year-over-year increase of 15.9%. EPS of $0.33 for the same period compares to $0.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.76 billion, representing a surprise of +0.48%. The company delivered an EPS surprise of +3.13%, with the consensus EPS estimate being $0.32.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

KeyCorp First Quarter 2025 Earnings Review April 17, 2025 Chris Gorman Chairman and Chief Executive Officer Clark Khayat Chief Financial Officer 1Q25 Results Growth rates are year-over-year, unless otherwise noted +6% Noninterest Income Growth(1) +3% on a reported basis $61Bn In Assets Under Management(2) Differentiated Fee Businesses Focused on Targeted Scale +4% Client Deposit Growth +2% Net New Relationship Household Growth Driving New Relationships Focused on Primacy 11.8% Common Equity Tier 1(3), up ~1 ...

KeyCorp (KEY) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.13%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.38, delivering a surprise of 15.15%.Over the last four quarters, the company has surpas ...

KeyCorp (KEY) Q1 2025 Earnings Conference Call April 17, 2025 08:00 AM ET Company Participants Operator - Conference OperatorBrian Monning - Director of Investor RelationsChris Gorman - Chairman & Chief Executive OfficerClark Kaya - Chief Financial Officer Conference Call Participants Mark Mayo - Analyst, Wells FargoManon Bezalier - Analyst, Morgan StanleyAbram Hunwala - Analyst, Bank of AmericaPeter Winter - Analyst, VA Davidson & Co.Nathan Steen - Analyst, Deutsche Bank Operator Good morning, and welcome ...