NYSE : KEY
KeyCorp — Financial statements
Financials · Banks - Regional · United States
Last price 21.12 USD (Oct 30, 2026, 4:00 PM EST) · Market cap 22.35B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 5.90B | 5.81B | 6.09B | 6.28B | 4.30B | 3.58B |
| Interest Income on Investments | 2.38B | 2.58B | 2.34B | 1.65B | 1.11B | 785.00M |
| Total Interest Income | 8.28B | 8.39B | 8.43B | 7.93B | 5.41B | 4.37B |
| Interest Paid on Deposits | 2.52B | 2.92B | 3.31B | 2.32B | 279.00M | 67.00M |
| Interest Paid on Borrowings | 768.00M | 831.00M | 1.35B | 1.69B | 606.00M | 229.00M |
| Total Interest Expense | 3.29B | 3.75B | 4.66B | 4.01B | 885.00M | 296.00M |
| Net Interest Income | 4.99B | 4.64B | 3.77B | 3.91B | 4.53B | 4.07B |
| Trust Income | 637.00M | 591.00M | 557.00M | 516.00M | 526.00M | 530.00M |
| Mortgage Banking Activities | 60.00M | 58.00M | 58.00M | 51.00M | 58.00M | 131.00M |
| Gain (Loss) on Sale of Investments | 4.00M | -6.00M | -1.86B | -11.00M | 9.00M | 7.00M |
| Other Non-Interest Income | 1.94B | 1.90B | 1.79B | 1.64B | 1.77B | 2.19B |
| Total Non-Interest Income | 2.96B | 2.84B | 809.00M | 2.47B | 2.72B | 3.19B |
| Revenues Before Loan Losses | 7.94B | 7.48B | 4.57B | 6.38B | 7.25B | 7.26B |
| Provision for Loan Losses | 367.00M | 471.00M | 335.00M | 489.00M | 502.00M | -418.00M |
| Revenue | 7.58B | 7.01B | 4.24B | 5.89B | 6.74B | 7.68B |
| Salaries and Employee Benefits | 2.99B | 2.77B | 2.61B | 2.46B | 2.45B | 2.46B |
| Occupancy Expenses | 272.00M | 270.00M | 266.00M | 267.00M | 295.00M | 300.00M |
| Selling, General & Administrative | 960.00M | 961.00M | 925.00M | 931.00M | 962.00M | 967.00M |
| Other Non-Interest Expense | 661.00M | 703.00M | 711.00M | 807.00M | 707.00M | 705.00M |
| Total Non-Interest Expense | 4.88B | 4.71B | 4.52B | 4.46B | 4.41B | 4.43B |
| EBT Excluding Unusual Items | 2.69B | 2.30B | -279.00M | 1.43B | 2.33B | 3.25B |
| Other Unusual Items | 1.00M | 5.00M | -27.00M | -271.00M | ||
| Pretax Income | 2.69B | 2.30B | -306.00M | 1.16B | 2.33B | 3.25B |
| Income Tax Expense | 573.00M | 476.00M | -143.00M | 196.00M | 422.00M | 642.00M |
| Earnings From Continuing Operations | 2.12B | 1.83B | -163.00M | 964.00M | 1.91B | 2.61B |
| Earnings From Discontinued Operations | 2.00M | 1.00M | 2.00M | 3.00M | 6.00M | 13.00M |
| Net Income | 2.12B | 1.83B | -161.00M | 967.00M | 1.92B | 2.62B |
| Preferred Dividends & Other Adjustments | 149.00M | 143.00M | 143.00M | 143.00M | 118.00M | 106.00M |
| Net Income to Common | 1.97B | 1.69B | -304.00M | 824.00M | 1.80B | 2.52B |
| Basic Shares Outstanding | 1.08B | 1.10B | 949.56M | 927.22M | 924.36M | 947.07M |
| Diluted Shares Outstanding | 1.09B | 1.11B | 949.56M | 932.76M | 933.06M | 957.41M |
| EPS (Basic) | 1.83 | 1.53 | -0.32 | 0.89 | 1.95 | 2.66 |
| EPS (Diluted) | 1.82 | 1.52 | -0.32 | 0.88 | 1.93 | 2.63 |
| Dividend Per Share | 0.82 | 0.82 | 0.82 | 0.82 | 0.79 | 0.75 |
| Effective Tax Rate | 21.29% | 20.66% | 16.90% | 18.09% | 19.73% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.54B | 1.29B | 1.74B | 941.00M | 887.00M | 913.00M |
| Investment Securities | 14.25B | 21.50B | 30.28B | 24.15B | 16.48B | 25.22B |
| Trading Asset Securities | 925.00M | 1.24B | 1.53B | 1.32B | 1.85B | 2.66B |
| Mortgage-Backed Securities | 45.92B | 40.23B | 35.87B | 35.97B | 36.99B | 40.93B |
| Total Investments | 61.10B | 62.97B | 67.68B | 61.44B | 55.32B | 68.81B |
| Gross Loans | 112.99B | 106.84B | 104.57B | 112.96B | 119.76B | 102.23B |
| Allowance for Loan Losses | -1.40B | -1.43B | -1.41B | -1.51B | -1.34B | -1.06B |
| Other Adjustments to Gross Loans | -303.00M | -311.00M | -356.00M | -368.00M | -373.00M | |
| Net Loans | 111.59B | 105.11B | 102.85B | 111.10B | 118.06B | 100.79B |
| Property, Plant & Equipment | 636.00M | 1.07B | 1.07B | 1.14B | 1.16B | 1.28B |
| Goodwill | 2.80B | 2.75B | 2.75B | 2.75B | 2.75B | 2.69B |
| Other Intangible Assets | 11.00M | 301.00M | 316.00M | 350.00M | 378.00M | 365.00M |
| Loans Held for Sale | 1.16B | 1.08B | 797.00M | 483.00M | 963.00M | 2.73B |
| Accrued Interest Receivable | 464.00M | 3.43B | 3.06B | 2.88B | 2.78B | 3.02B |
| Other Current Assets | 178.00M | 211.00M | 263.00M | 344.00M | 436.00M | 562.00M |
| Long-Term Deferred Tax Assets | 1.15B | 1.62B | 1.81B | 2.02B | 189.00M | |
| Other Real Estate Owned & Foreclosed | 9.00M | 9.00M | 14.00M | 17.00M | 33.00M | 35.00M |
| Other Long-Term Assets | 13.61B | 5.01B | 5.00B | 5.02B | 5.02B | 4.96B |
| Total Assets | 193.10B | 184.38B | 187.17B | 188.28B | 189.81B | 186.35B |
| Accrued Expenses | 4.48B | 1.73B | 1.76B | 1.86B | 1.72B | 1.88B |
| Interest Bearing Deposits | 125.59B | 121.10B | 120.13B | 114.86B | 101.76B | 98.86B |
| Institutional Deposits | 1.71B | |||||
| Non-Interest Bearing Deposits | 28.22B | 27.61B | 29.63B | 30.73B | 40.83B | 52.00B |
| Total Deposits | 153.81B | 148.71B | 149.76B | 145.59B | 142.59B | 152.57B |
| Short-Term Borrowings | 5.23B | 1.74B | 3.77B | 4.39B | 10.95B | 922.00M |
| Current Portion of Leases | 127.00M | |||||
| Other Current Liabilities | 8.00M | |||||
| Long-Term Debt | 11.47B | 8.91B | 10.98B | 11.52B | 12.26B | 10.95B |
| Federal Home Loan Bank Debt, Long-Term | 560.00M | 79.00M | 7.59B | 6.59B | 604.00M | |
| Long-Term Leases | 357.00M | 506.00M | 553.00M | 601.00M | 684.00M | |
| Trust Preferred Securities | 447.00M | 444.00M | 447.00M | 450.00M | 483.00M | |
| Other Long-Term Liabilities | 296.00M | 1.41B | 1.69B | 1.70B | 1.18B | 836.00M |
| Total Liabilities | 175.29B | 164.00B | 168.99B | 173.64B | 176.36B | 168.92B |
| Preferred Stock, Redeemable | 1.98B | 2.50B | 2.50B | 2.50B | 2.50B | 1.90B |
| Total Preferred Equity | 1.98B | 2.50B | 2.50B | 2.50B | 2.50B | 1.90B |
| Common Stock | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B | 1.26B |
| Additional Paid-In Capital | 6.06B | 6.04B | 6.04B | 6.28B | 6.29B | 6.28B |
| Retained Earnings | 16.19B | 15.36B | 14.58B | 15.67B | 15.62B | 14.55B |
| Treasury Stock | -3.81B | -2.81B | -2.73B | -5.84B | -5.91B | -5.98B |
| Comprehensive Income & Other | -3.87B | -1.96B | -3.47B | -5.23B | -6.29B | -586.00M |
| Total Common Equity | 15.83B | 17.88B | 15.68B | 12.14B | 10.95B | 15.52B |
| Shareholders' Equity | 17.81B | 20.38B | 18.18B | 14.64B | 13.45B | 17.42B |
| Total Liabilities & Equity | 193.10B | 184.38B | 187.17B | 188.28B | 189.81B | 186.35B |
| Total Debt | 16.71B | 12.14B | 15.78B | 24.50B | 30.86B | 13.64B |
| Net Cash (Debt) | -14.24B | -9.62B | -12.51B | -22.23B | -28.11B | -10.05B |
| Net Cash Per Share | -13.10 | -8.68 | -13.17 | -23.83 | -30.13 | -10.50 |
| Filing Date Shares Outstanding | 1.06B | 1.09B | 1.11B | 933.84M | 931.83M | 927.76M |
| Total Common Shares Outstanding | 1.06B | 1.10B | 1.11B | 936.56M | 933.32M | 928.85M |
| Book Value Per Share | 14.96 | 16.22 | 14.16 | 12.96 | 11.74 | 16.71 |
| Tangible Book Value | 13.02B | 14.83B | 12.61B | 9.04B | 7.82B | 12.46B |
| Tangible Book Value Per Share | 12.30 | 13.45 | 11.39 | 9.65 | 8.38 | 13.42 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.83B | -161.00M | 967.00M | 1.92B | 2.62B | |
| Depreciation & Amortization | -72.00M | -11.00M | 76.00M | 87.00M | -34.00M | |
| Other Amortization | 93.00M | 84.00M | 78.00M | 77.00M | 66.00M | |
| Gain (Loss) on Sale of Assets | -16.00M | 9.00M | 6.00M | |||
| Gain (Loss) on Sale of Investments | 6.00M | 1.86B | 11.00M | -9.00M | -7.00M | |
| Provision for Credit Losses | 471.00M | 335.00M | 489.00M | 502.00M | -418.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -238.00M | -316.00M | 425.00M | 1.81B | -383.00M | |
| Change in Trading Asset Securities | 222.00M | -141.00M | -313.00M | -128.00M | 34.00M | |
| Change in Other Net Operating Assets | -625.00M | -460.00M | 894.00M | 252.00M | -113.00M | |
| Other Operating Activities | 537.00M | -490.00M | 281.00M | -10.00M | -469.00M | |
| Operating Cash Flow | 2.21B | 664.00M | 2.90B | 4.47B | 1.15B | |
| Capital Expenditures | -107.00M | -65.00M | -142.00M | -96.00M | -66.00M | |
| Sale of Property, Plant and Equipment | 4.00M | 24.00M | 5.00M | 16.00M | 4.00M | |
| Cash Acquisitions | -58.00M | -29.00M | ||||
| Investment in Securities | 5.74B | -5.68B | -5.36B | 6.64B | -11.11B | |
| Purchase / Sale of Intangibles | -12.00M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -2.51B | 8.11B | 6.82B | -17.49B | -3.94B | |
| Other Investing Activities | 86.00M | 107.00M | 96.00M | 72.00M | 72.00M | |
| Investing Cash Flow | 3.22B | 2.50B | 1.42B | -10.93B | -15.07B | |
| Short-Term Debt Issued | 8.70B | |||||
| Long-Term Debt Issued | 1.56B | 1.65B | 5.24B | 16.60B | 1.20B | |
| Total Debt Issued | 1.56B | 1.65B | 5.24B | 25.30B | 1.20B | |
| Short-Term Debt Repaid | -1.06B | -947.00M | -6.37B | -218.00M | ||
| Long-Term Debt Repaid | -4.05B | -9.06B | -5.14B | -8.58B | -2.57B | |
| Total Debt Repaid | -5.11B | -10.00B | -11.52B | -8.58B | -2.78B | |
| Net Debt Issued (Repaid) | -3.56B | -8.36B | -6.28B | 16.72B | -1.58B | |
| Issuance of Common Stock | 9.00M | 2.98B | 1.00M | 6.00M | 27.00M | |
| Repurchase of Common Stock | -235.00M | -28.00M | -72.00M | -44.00M | -1.18B | |
| Preferred Stock Issued | 590.00M | |||||
| Common Dividends Paid | -911.00M | -784.00M | -768.00M | -736.00M | -717.00M | |
| Preferred Dividends Paid | -143.00M | -143.00M | -143.00M | -118.00M | -106.00M | |
| Total Dividends Paid | -1.05B | -927.00M | -911.00M | -854.00M | -823.00M | |
| Net Increase (Decrease) in Deposit Accounts | -1.05B | 4.17B | 2.99B | -9.98B | 17.29B | |
| Other Financing Activities | -198.00M | |||||
| Financing Cash Flow | -5.88B | -2.36B | -4.27B | 6.44B | 13.74B | |
| Net Cash Flow | -456.00M | 802.00M | 54.00M | -26.00M | -178.00M | |
| Free Cash Flow | 2.10B | 599.00M | 2.76B | 4.37B | 1.09B | |
| Free Cash Flow Margin | 29.98% | 14.13% | 46.84% | 64.85% | 14.15% | |
| Free Cash Flow Per Share | 1.90 | 0.63 | 2.96 | 4.69 | 1.14 | |
| Cash Interest Paid | 3.71B | 4.16B | 3.11B | 601.00M | 363.00M | |
| Cash Income Tax Paid | 71.00M | 68.00M | 156.00M | 292.00M | 277.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 22.71B | 22.41B | 18.96B | 13.48B | 16.25B | 21.54B |
| Last Close Price | 21.12 | 20.05 | 15.88 | 12.67 | 14.32 | 18.29 |
| PE Ratio | 11.79 | 13.29 | 16.36 | 9.03 | 8.55 | |
| PS Ratio | 2.99 | 3.20 | 4.47 | 2.29 | 2.41 | 2.80 |
| PB Ratio | 1.41 | 1.10 | 1.04 | 0.92 | 1.21 | 1.24 |
| P/FCF Ratio | 18.89 | 10.67 | 31.66 | 4.88 | 3.72 | 19.81 |
| P/OCF Ratio | 17.27 | 10.15 | 28.56 | 4.64 | 3.64 | 18.68 |
| Debt / Equity Ratio | 0.94 | 0.60 | 0.87 | 1.67 | 2.29 | 0.78 |
| Debt / FCF Ratio | 5.78 | 26.35 | 8.87 | 7.06 | 12.55 | |
| Net Debt / Equity Ratio | 0.80 | 0.47 | 0.69 | 1.52 | 2.09 | 0.58 |
| Net Debt / FCF Ratio | 4.58 | 20.88 | 8.05 | 6.43 | 9.25 | |
| Return on Equity (ROE) | 11.17% | 9.48% | -0.99% | 6.86% | 12.38% | 14.75% |
| Return on Assets (ROA) | 1.11% | 0.98% | -0.09% | 0.51% | 1.02% | 1.47% |
| Earnings Yield | 8.48% | 8.16% | -0.85% | 7.17% | 11.79% | 12.19% |
| FCF Yield | 5.29% | 9.37% | 3.16% | 20.48% | 26.91% | 5.05% |
| Dividend Yield | 3.84% | 4.03% | 4.79% | 5.70% | 4.54% | 3.23% |
| Payout Ratio | 45.02% | 57.63% | 94.21% | 44.55% | 31.35% | |
| Buyback Yield / Dilution | -0.83% | -16.68% | -1.80% | 0.03% | 2.54% | 1.78% |
| Total Shareholder Return | 3.00% | -12.65% | 2.99% | 5.73% | 7.08% | 5.02% |