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KeyCorp (KEY) Financials

KeyCorp logo
$17.63 -0.29 (-1.62%)
Closing price 08/1/2025 03:59 PM Eastern
Extended Trading
$17.61 -0.02 (-0.09%)
As of 08/1/2025 07:49 PM Eastern
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Annual Income Statements for KeyCorp

Annual Income Statements for KeyCorp

This table shows KeyCorp's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 916 791 1,296 1,800 1,717 1,343 2,625 1,917 967 -161
Consolidated Net Income / (Loss)		 920 790 1,298 1,866 1,717 1,343 2,625 1,917 967 -161
Net Income / (Loss) Continuing Operations		 919 789 1,291 1,859 1,708 1,329 2,612 1,911 964 -163
Total Pre-Tax Income 		1,222 968 1,928 2,203 2,022 1,556 3,254 2,333 1,160 -306
Total Revenue		 4,228 4,990 6,255 6,358 6,368 6,686 7,265 7,245 6,383 4,574
Net Interest Income / (Expense)		 2,348 2,919 3,777 3,909 3,909 4,034 4,071 4,527 3,913 3,765
Total Interest Income		 2,622 3,319 4,390 4,812 5,235 4,685 4,367 5,412 7,927 8,427
Loans and Leases Interest Income		 2,186 2,807 3,729 4,023 4,330 3,935 3,582 4,297 6,280 6,086
Investment Securities Interest Income		 397 496 644 768 892 744 778 1,093 1,574 2,279
Other Interest Income		 18 16 17 21 13 6.00 7.00 22 73 62
Total Interest Expense		 274 400 613 969 1,326 651 296 885 4,014 4,662
Deposits Interest Expense		 105 171 278 517 853 347 67 279 2,322 3,307
Short-Term Borrowings Interest Expense		 9.00 10 15 21 17 12 8.00 90 308 164
Long-Term Debt Interest Expense		 160 218 319 420 454 286 221 475 1,305 1,187
Federal Funds Purchased and Securities Sold Interest Expense		 0.00 1.00 1.00 11 2.00 6.00 0.00 41 79 4.00
Total Non-Interest Income		 1,880 2,071 2,478 2,515 2,459 2,652 3,194 2,718 2,470 809
Trust Fees by Commissions		 - 464 535 499 475 507 530 526 516 557
Service Charges on Deposit Accounts		 198 517 576 582 573 524 625 722 572 536
Other Service Charges		 986 171 224 245 145 110 280 189 236 281
Net Realized & Unrealized Capital Gains on Investments		 124 62 96 89 162 167 148 112 81 -1,780
Investment Banking Income		 445 482 603 650 630 661 937 638 542 688
Other Non-Interest Income		 127 375 444 450 474 683 674 531 523 527
Provision for Credit Losses		 166 266 229 246 445 1,021 -418 502 489 335
Total Non-Interest Expense		 2,840 3,756 4,098 3,975 3,901 4,109 4,429 4,410 4,734 4,545
Salaries and Employee Benefits		 1,652 2,048 2,278 2,309 2,250 2,336 2,561 2,566 2,660 2,714
Net Occupancy & Equipment Expense		 554 717 762 623 607 630 684 701 723 760
Marketing Expense		 57 101 120 102 96 97 126 123 109 94
Other Operating Expenses		 509 774 761 770 859 1,046 1,058 1,020 1,242 977
Income Tax Expense		 303 179 637 344 314 227 642 422 196 -143
Net Income / (Loss) Discontinued Operations		 1.00 1.00 7.00 7.00 9.00 14 13 6.00 3.00 2.00
Basic Earnings per Share		 $1.06 $0.81 $1.14 $1.73 $1.63 $1.28 $2.65 $1.94 $0.89 ($0.32)
Weighted Average Basic Shares Outstanding		 836.85M 927.82M 1.07B 1.04B 992.09M 967.78M 947.07M 924.36M 927.22M 949.56M
Diluted Earnings per Share		 $1.05 $0.80 $1.13 $1.71 $1.62 $1.27 $2.63 $1.93 $0.88 ($0.32)
Weighted Average Diluted Shares Outstanding		 844.49M 938.54M 1.09B 1.05B 1.00B 974.81M 957.41M 933.06M 932.76M 949.56M
Weighted Average Basic & Diluted Shares Outstanding		 864.20M 976.50M 1.14B 1.08B 969.89M 968.82M 927.76M 931.83M 933.84M 1.11B
Cash Dividends to Common per Share		 $0.29 $0.33 $0.38 $0.57 $0.71 $0.74 $0.75 $0.79 $0.82 $0.82

Quarterly Income Statements for KeyCorp

This table shows KeyCorp's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 542 394 312 287 303 65 219 274 -410 -244 405
Consolidated Net Income / (Loss)		 542 394 312 287 303 65 219 274 -410 -244 405
Net Income / (Loss) Continuing Operations		 540 394 311 286 302 65 219 273 -411 -244 406
Total Pre-Tax Income 		664 470 392 344 367 57 278 335 -506 -413 515
Total Revenue		 1,879 1,891 1,707 1,587 1,558 1,531 1,522 1,514 683 855 1,764
Net Interest Income / (Expense)		 1,196 1,220 1,099 978 915 921 875 887 952 1,051 1,096
Total Interest Income		 1,444 1,695 1,824 2,010 2,043 2,050 2,032 2,088 2,175 2,132 2,070
Loans and Leases Interest Income		 1,148 1,367 1,489 1,593 1,612 1,586 1,552 1,532 1,534 1,468 1,415
Investment Securities Interest Income		 291 317 322 401 409 442 463 540 627 649 646
Other Interest Income		 5.00 11 13 16 22 22 17 16 14 15 9.00
Total Interest Expense		 248 475 725 1,032 1,128 1,129 1,157 1,201 1,223 1,081 974
Deposits Interest Expense		 59 186 350 531 687 754 782 817 887 821 753
Short-Term Borrowings Interest Expense		 24 54 78 104 81 45 46 51 43 24 27
Long-Term Debt Interest Expense		 146 219 275 349 351 330 328 332 292 235 193
Federal Funds Purchased and Securities Sold Interest Expense		 19 16 22 48 9.00 - 1.00 1.00 1.00 1.00 1.00
Total Non-Interest Income		 683 671 608 609 643 610 647 627 -269 -196 668
Trust Fees by Commissions		 127 126 128 126 130 132 136 139 140 142 139
Service Charges on Deposit Accounts		 188 160 143 155 142 132 132 134 136 134 134
Other Service Charges		 57 53 46 54 68 68 62 72 71 76 83
Net Realized & Unrealized Capital Gains on Investments		 19 33 25 23 22 11 24 21 -919 -906 9.00
Investment Banking Income		 154 172 145 120 141 136 170 126 171 221 175
Other Non-Interest Income		 138 127 121 131 140 131 123 135 132 137 128
Provision for Credit Losses		 109 265 139 167 81 102 101 100 95 39 118
Total Non-Interest Expense		 1,106 1,156 1,176 1,076 1,110 1,372 1,143 1,079 1,094 1,229 1,131
Salaries and Employee Benefits		 655 674 701 622 663 674 674 636 670 734 680
Net Occupancy & Equipment Expense		 172 174 184 182 176 181 189 187 190 194 194
Marketing Expense		 30 31 21 29 28 31 19 21 21 33 21
Other Operating Expenses		 249 277 270 243 243 486 261 235 213 268 236
Income Tax Expense		 124 76 81 58 65 -8.00 59 62 -95 -169 109
Net Income / (Loss) Discontinued Operations		 2.00 - 1.00 1.00 1.00 - 0.00 1.00 1.00 - -1.00
Basic Earnings per Share		 $0.55 $0.38 $0.30 $0.27 $0.29 $0.03 $0.20 $0.25 ($0.47) ($0.30) $0.34
Weighted Average Basic Shares Outstanding		 924.59M 924.36M 926.49M 926.74M 927.13M 927.22M 929.69M 931.73M 948.98M 949.56M 1.10B
Diluted Earnings per Share		 $0.55 $0.39 $0.30 $0.27 $0.29 $0.02 $0.20 $0.25 ($0.47) ($0.30) $0.33
Weighted Average Diluted Shares Outstanding		 932.46M 933.06M 933.80M 930.45M 931.74M 932.76M 937.01M 938.49M 948.98M 949.56M 1.11B
Weighted Average Basic & Diluted Shares Outstanding		 932.97M 931.83M 935.26M 935.92M 936.26M 933.84M 942.86M 943.20M 991.28M 1.11B 1.10B
Cash Dividends to Common per Share		 $0.20 - $0.21 $0.21 $0.21 - $0.21 $0.21 $0.21 - $0.21

Annual Cash Flow Statements for KeyCorp

This table details how cash moves in and out of KeyCorp's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -46 70 -6.00 7.00 54 359 -178 -26 54 802
Net Cash From Operating Activities		 1,131 1,689 1,815 2,506 2,906 1,673 1,153 4,469 2,903 664
Net Cash From Continuing Operating Activities		 1,131 1,689 1,815 2,506 2,906 1,673 1,153 4,469 2,903 664
Net Income / (Loss) Continuing Operations		 920 790 1,298 1,866 1,717 1,343 2,625 1,917 967 -161
Consolidated Net Income / (Loss)		 920 790 1,298 1,866 1,717 1,343 2,625 1,917 967 -161
Provision For Loan Losses		 166 266 229 246 445 1,021 -418 502 489 335
Depreciation Expense		 247 314 407 382 241 111 32 164 154 73
Non-Cash Adjustments to Reconcile Net Income		 63 212 148 -87 81 -23 -651 1,659 321 1,390
Changes in Operating Assets and Liabilities, net		 -265 107 -267 99 422 -779 -435 227 972 -973
Net Cash From Investing Activities		 -2,023 -6,457 -2,239 -2,482 -4,918 -24,721 -15,068 -10,934 1,417 2,497
Net Cash From Continuing Investing Activities		 -2,023 -6,457 -2,239 -2,482 -4,918 -24,721 -15,068 -10,922 1,417 2,497
Purchase of Property, Leasehold Improvements and Equipment		 -2,951 -3,580 -945 -3,700 -6,190 -7,358 -4,276 -17,649 6,668 7,920
Purchase of Investment Securities		 -5,185 -13,358 -8,415 -5,963 -6,058 -15,833 -28,343 -8,932 -3,496 -21,143
Sale of Property, Leasehold Improvements and Equipment		 1.00 0.00 0.00 2.00 18 0.00 4.00 16 5.00 24
Sale and/or Maturity of Investments		 6,112 10,481 7,121 7,055 7,312 -1,530 17,547 15,643 -1,760 15,696
Net Cash From Financing Activities		 846 4,838 418 -17 2,066 23,407 13,737 6,439 -4,266 -2,359
Net Cash From Continuing Financing Activities		 846 4,838 418 -17 2,066 23,407 13,737 6,439 -4,266 -2,359
Net Change in Deposits		 -952 4,047 1,148 2,074 4,561 23,412 17,290 -9,977 2,992 4,173
Issuance of Debt		 3,756 2,827 2,852 2,306 2,358 3,607 1,203 25,298 -1,132 699
Issuance of Preferred Equity		 0.00 1,009 0.00 412 435 0.00 0.00 590 0.00 0.00
Issuance of Common Equity		 22 32 25 20 18 8.00 27 6.00 1.00 2,781
Repayment of Debt		 -1,265 -2,602 -2,047 -3,028 -3,634 -2,621 -2,784 -8,580 -5,144 -9,057
Repurchase of Common Equity		 -448 -140 -664 -1,098 -835 -134 -585 0.00 -38 0.00
Payment of Dividends		 -267 -335 -480 -656 -804 -829 -823 -854 -911 -927
Other Financing Activities, Net		 0.00 0.00 -66 -47 -33 -36 -591 -44 -34 -28
Cash Interest Paid		 329 429 598 892 1,251 731 363 601 3,109 4,160
Cash Income Taxes Paid		 281 144 6.00 12 18 241 277 292 156 68

Quarterly Cash Flow Statements for KeyCorp

This table details how cash moves in and out of KeyCorp's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 39 170 -103 -26 8.00 175 306 79 -50 467 166
Net Cash From Operating Activities		 2,081 1,585 718 582 566 1,037 359 -217 -1,205 1,727 -140
Net Cash From Continuing Operating Activities		 2,081 1,585 718 582 566 1,037 359 -217 -1,205 1,727 -140
Net Income / (Loss) Continuing Operations		 542 394 312 287 303 65 219 274 -410 -244 405
Consolidated Net Income / (Loss)		 542 394 312 287 303 65 219 274 -410 -244 405
Provision For Loan Losses		 109 265 139 167 81 102 101 100 95 39 118
Depreciation Expense		 26 64 41 41 39 33 24 25 19 5.00 3.00
Non-Cash Adjustments to Reconcile Net Income		 286 -3.00 -241 36 300 226 145 -288 373 1,160 -2.00
Changes in Operating Assets and Liabilities, net		 1,118 865 467 51 -157 611 -130 -328 -1,282 767 -664
Net Cash From Investing Activities		 -6,174 -583 -7,336 1,921 6,240 592 374 658 272 1,193 -711
Net Cash From Continuing Investing Activities		 -6,174 -583 -7,336 1,921 6,240 592 374 658 272 1,193 -711
Purchase of Property, Leasehold Improvements and Equipment		 -3,863 -3,206 -613 916 3,485 2,880 2,613 2,794 1,555 958 -679
Purchase of Investment Securities		 -1,493 -1,037 -1,689 -27 -795 -985 -1,481 -2,205 -8,788 -8,669 -3,987
Sale of Property, Leasehold Improvements and Equipment		 2.00 3.00 1.00 1.00 3.00 - 1.00 9.00 2.00 12 0.00
Sale and/or Maturity of Investments		 -820 3,657 -5,035 1,031 3,547 -1,303 -759 60 7,503 8,892 3,955
Net Cash From Financing Activities		 4,132 -832 6,515 -2,529 -6,798 -1,454 -427 -362 883 -2,453 1,017
Net Cash From Continuing Financing Activities		 4,132 -832 6,515 -2,529 -6,798 -1,454 -427 -362 883 -2,453 1,017
Net Change in Deposits		 -1,010 -2,260 1,553 984 -841 1,296 -1,356 1,489 4,633 -593 977
Issuance of Debt		 6,257 1,658 6,462 -2,034 -5,138 -422 1,182 2,394 -2,699 -178 1,039
Issuance of Common Equity		 - 1.00 1.00 - - - 3.00 - 813 1,965 2.00
Repayment of Debt		 -1,496 -3.00 -1,201 -1,251 -592 -2,100 -1.00 -4,015 -1,633 -3,408 -701
Payment of Dividends		 -209 -228 -228 -228 -227 -228 -229 -230 -230 -238 -265
Other Financing Activities, Net		 - - -72 38 - - -26 - -1.00 -1.00 -35
Cash Interest Paid		 108 324 426 934 777 972 990 1,019 1,103 1,048 938
Cash Income Taxes Paid		 29 132 46 94 15 1.00 20 38 11 -1.00 -1.00

Annual Balance Sheets for KeyCorp

This table presents KeyCorp's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 95,131 136,453 137,698 139,613 144,988 170,336 186,346 189,813 188,281 187,168
Cash and Due from Banks		 607 677 671 678 732 1,091 913 887 941 1,743
Trading Account Securities		 21,161 33,218 31,912 33,023 34,284 29,874 56,333 49,619 47,385 47,182
Loans and Leases, Net of Allowance		 59,080 85,180 85,528 88,669 93,746 99,559 100,793 118,057 111,098 102,851
Loans and Leases		 59,876 86,038 86,405 89,552 94,646 101,185 101,854 119,394 112,606 104,260
Allowance for Loan and Lease Losses		 796 858 877 883 900 1,626 1,061 1,337 1,508 1,409
Premises and Equipment, Net		 1,119 1,518 1,751 882 814 753 681 636 661 614
Goodwill		 1,060 2,446 2,538 2,516 2,664 2,664 2,693 2,752 2,752 2,752
Intangible Assets		 65 384 416 316 253 188 130 94 55 27
Other Assets		 12,039 13,030 14,882 13,529 12,495 36,207 24,803 17,768 25,389 31,999
Total Liabilities & Shareholders' Equity		 95,131 136,453 137,698 139,613 144,988 170,336 186,346 189,813 188,281 187,168
Total Liabilities		 84,372 121,213 122,673 124,017 127,950 152,355 168,923 176,359 173,644 168,992
Non-Interest Bearing Deposits		 26,097 32,825 33,665 29,292 28,853 43,199 52,004 40,834 30,728 29,628
Interest Bearing Deposits		 44,949 71,262 71,570 78,017 83,017 92,083 100,568 101,761 114,859 120,132
Federal Funds Purchased and Securities Sold		 372 1,502 377 319 387 220 173 4,077 38 14
Short-Term Debt		 533 808 634 544 705 759 588 5,386 3,053 2,130
Long-Term Debt		 10,184 12,384 14,333 13,732 12,448 13,709 12,042 19,307 19,554 12,105
Other Long-Term Liabilities		 2,237 2,432 2,094 2,113 2,540 2,385 3,548 4,994 5,412 4,983
Total Equity & Noncontrolling Interests		 10,759 15,240 15,025 15,596 17,038 17,981 17,423 13,454 14,637 18,176
Total Preferred & Common Equity		 10,746 15,240 15,023 15,595 17,038 17,981 17,423 13,454 14,637 18,176
Preferred Stock		 290 1,665 1,025 1,450 1,900 1,900 1,900 2,500 2,500 2,500
Total Common Equity		 10,456 13,575 13,998 14,145 15,138 16,081 15,523 10,954 12,137 15,676
Common Stock		 4,939 7,642 7,592 7,588 7,552 7,538 7,535 7,543 7,538 7,295
Retained Earnings		 8,922 9,378 10,335 11,556 12,469 12,751 14,553 15,616 15,672 14,584
Treasury Stock		 -3,000 -2,904 -3,150 -4,181 -4,909 -4,946 -5,979 -5,910 -5,844 -2,733
Accumulated Other Comprehensive Income / (Loss)		 -405 -541 -779 -818 26 738 -586 -6,295 -5,229 -3,470

Quarterly Balance Sheets for KeyCorp

This table presents KeyCorp's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Total Assets		 190,051 189,813 197,519 195,037 187,851 188,281 187,485 187,450 189,763 187,168 188,691
Cash and Due from Banks		 717 887 784 758 766 941 1,247 1,326 1,276 1,743 1,909
Trading Account Securities		 50,279 49,619 51,388 49,404 46,747 47,385 46,969 47,164 44,333 47,182 50,018
Loans and Leases, Net of Allowance		 115,047 118,057 118,591 117,531 114,056 111,098 108,343 105,531 103,852 102,851 103,380
Loans and Leases		 116,191 119,394 119,971 119,011 115,544 112,606 109,885 107,078 105,346 104,260 104,809
Allowance for Loan and Lease Losses		 1,144 1,337 1,380 1,480 1,488 1,508 1,542 1,547 1,494 1,409 1,429
Premises and Equipment, Net		 629 636 628 652 649 661 650 631 624 614 602
Goodwill		 2,752 2,752 2,752 2,752 2,752 2,752 2,752 2,752 2,752 2,752 2,752
Intangible Assets		 106 94 85 75 65 55 48 41 34 27 22
Other Assets		 20,521 17,768 23,291 23,865 22,816 25,389 27,476 30,005 36,892 31,999 30,008
Total Liabilities & Shareholders' Equity		 190,051 189,813 197,519 195,037 187,851 188,281 187,485 187,450 189,763 187,168 188,691
Total Liabilities		 176,761 176,359 183,197 181,193 174,495 173,644 172,938 172,661 172,911 168,992 169,688
Non-Interest Bearing Deposits		 46,980 40,834 37,307 33,366 31,710 30,728 29,638 28,150 30,358 29,628 28,454
Interest Bearing Deposits		 97,875 101,761 106,841 111,766 112,581 114,859 114,593 117,570 119,995 120,132 122,283
Federal Funds Purchased and Securities Sold		 4,224 4,077 1,374 1,702 43 38 27 25 44 14 22
Short-Term Debt		 4,576 5,386 10,061 6,949 3,470 3,053 2,896 5,292 2,359 2,130 2,328
Long-Term Debt		 18,257 19,307 22,753 22,071 21,303 19,554 20,776 16,869 15,677 12,105 12,392
Other Long-Term Liabilities		 4,849 4,994 4,861 5,339 5,388 5,412 5,008 4,755 4,478 4,983 4,209
Total Equity & Noncontrolling Interests		 13,290 13,454 14,322 13,844 13,356 14,637 14,547 14,789 16,852 18,176 19,003
Total Preferred & Common Equity		 13,290 13,454 14,322 13,844 13,356 14,637 14,547 14,789 16,852 18,176 19,003
Preferred Stock		 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500
Total Common Equity		 10,790 10,954 11,822 11,344 10,856 12,137 12,047 12,289 14,352 15,676 16,503
Common Stock		 7,514 7,543 7,464 7,488 7,511 7,538 7,421 7,442 7,406 7,295 7,203
Retained Earnings		 15,450 15,616 15,700 15,759 15,835 15,672 15,662 15,706 15,066 14,584 14,724
Treasury Stock		 -5,917 -5,910 -5,868 -5,859 -5,851 -5,844 -5,722 -5,715 -4,839 -2,733 -2,637
Accumulated Other Comprehensive Income / (Loss)		 -6,257 -6,295 -5,474 -6,044 -6,639 -5,229 -5,314 -5,144 -3,281 -3,470 -2,787

Annual Metrics And Ratios for KeyCorp

This table displays calculated financial ratios and metrics derived from KeyCorp's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 3.37% 18.02% 25.35% 1.65% 0.16% 4.99% 8.66% -0.28% -11.90% -28.34%
EBITDA Growth		 -3.23% -12.73% 82.14% 7.88% -10.16% -26.34% 97.12% -24.01% -47.38% -117.73%
EBIT Growth		 -3.93% -20.79% 99.17% 10.84% -5.38% -23.05% 109.13% -28.30% -50.28% -126.38%
NOPAT Growth		 -2.85% -14.15% 63.62% 44.00% -8.12% -22.19% 96.54% -26.84% -49.56% -122.22%
Net Income Growth		 1.43% -14.13% 64.30% 43.76% -7.99% -21.78% 95.46% -26.97% -49.56% -116.65%
EPS Growth		 6.06% -23.81% 41.25% 51.33% -5.26% -21.60% 107.09% -26.62% -54.40% -136.36%
Operating Cash Flow Growth		 -14.32% 49.34% 7.46% 38.07% 15.96% -42.43% -31.08% 287.60% -35.04% -77.13%
Free Cash Flow Firm Growth		 -509.79% -259.17% 95.64% 835.69% -29.81% -166.88% 639.07% -223.46% 130.20% 147.39%
Invested Capital Growth		 13.99% 32.39% 5.49% -0.40% 1.07% 7.48% -7.38% 26.93% -2.37% -12.98%
Revenue Q/Q Growth		 0.36% 10.37% 0.61% -0.24% 0.81% 3.19% 1.47% -0.70% -5.34% -12.88%
EBITDA Q/Q Growth		 -2.00% -6.29% 12.64% 1.90% -0.04% 5.64% 0.98% -6.93% -24.09% -195.10%
EBIT Q/Q Growth		 -3.17% -3.59% 10.11% 2.94% 1.66% 10.51% 2.49% -11.33% -26.26% -286.59%
NOPAT Q/Q Growth		 -2.03% -0.13% -2.71% 18.18% -0.93% 8.93% 2.03% -10.87% -25.44% -246.71%
Net Income Q/Q Growth		 -2.65% -0.13% -2.33% 18.18% -0.87% 9.19% 1.82% -10.92% -25.39% -208.78%
EPS Q/Q Growth		 -0.94% -10.11% 0.00% 17.93% 0.62% 10.43% 2.73% -11.47% -29.60% 0.00%
Operating Cash Flow Q/Q Growth		 2.45% -3.04% -4.87% 63.79% -19.83% -2.73% -45.33% 55.50% -15.88% 2,653.85%
Free Cash Flow Firm Q/Q Growth		 -0.47% -3.87% 77.77% -30.39% 260.39% -140.73% 113.74% -143.71% 361.85% 36.37%
Invested Capital Q/Q Growth		 -1.04% 0.01% -3.15% 0.59% -6.49% 3.92% -4.42% 5.60% -2.32% -7.10%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 34.74% 25.69% 37.33% 39.62% 35.54% 24.93% 45.23% 34.47% 20.59% -5.09%
EBIT Margin		 28.90% 19.40% 30.82% 33.61% 31.75% 23.27% 44.79% 32.20% 18.17% -6.69%
Profit (Net Income) Margin		 21.76% 15.83% 20.75% 29.35% 26.96% 20.09% 36.13% 26.46% 15.15% -3.52%
Tax Burden Percent		 75.29% 81.61% 67.32% 84.70% 84.92% 86.31% 80.67% 82.17% 83.36% 52.61%
Interest Burden Percent		 100.00% 100.00% 100.00% 103.09% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 24.80% 18.49% 33.04% 15.62% 15.53% 14.59% 19.73% 18.09% 16.90% 0.00%
Return on Invested Capital (ROIC)		 4.56% 3.16% 4.42% 6.21% 5.69% 4.24% 8.36% 5.60% 2.56% -0.62%
ROIC Less NNEP Spread (ROIC-NNEP)		 4.57% 3.17% 4.47% 6.26% 5.75% 4.34% 8.45% 5.64% 2.57% -0.33%
Return on Net Nonoperating Assets (RNNOA)		 4.08% 2.92% 4.16% 5.98% 4.84% 3.43% 6.47% 6.81% 4.33% -0.37%
Return on Equity (ROE)		 8.64% 6.08% 8.58% 12.19% 10.52% 7.67% 14.83% 12.42% 6.88% -0.98%
Cash Return on Invested Capital (CROIC)		 -8.52% -24.71% -0.92% 6.61% 4.63% -2.97% 16.03% -18.13% 4.95% 13.26%
Operating Return on Assets (OROA)		 1.29% 0.84% 1.41% 1.54% 1.42% 0.99% 1.82% 1.24% 0.61% -0.16%
Return on Assets (ROA)		 0.97% 0.68% 0.95% 1.35% 1.21% 0.85% 1.47% 1.02% 0.51% -0.09%
Return on Common Equity (ROCE)		 8.39% 5.62% 7.81% 11.20% 9.44% 6.84% 13.24% 10.65% 5.66% -0.83%
Return on Equity Simple (ROE_SIMPLE)		 8.56% 5.18% 8.64% 11.97% 10.08% 7.47% 15.07% 14.25% 6.61% -0.89%
Net Operating Profit after Tax (NOPAT)		 919 789 1,291 1,859 1,708 1,329 2,612 1,911 964 -214
NOPAT Margin		 21.74% 15.81% 20.64% 29.24% 26.82% 19.88% 35.95% 26.38% 15.10% -4.68%
Net Nonoperating Expense Percent (NNEP)		 -0.01% -0.01% -0.05% -0.05% -0.07% -0.10% -0.10% -0.03% -0.01% -0.29%
SG&A Expenses to Revenue		 53.52% 57.43% 50.52% 47.72% 46.37% 45.81% 46.40% 46.79% 54.71% 78.01%
Operating Expenses to Revenue		 67.17% 75.27% 65.52% 62.52% 61.26% 61.46% 60.96% 60.87% 74.17% 99.37%
Earnings before Interest and Taxes (EBIT)		 1,222 968 1,928 2,137 2,022 1,556 3,254 2,333 1,160 -306
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 1,469 1,282 2,335 2,519 2,263 1,667 3,286 2,497 1,314 -233
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.75 1.06 1.16 0.83 1.05 0.84 1.21 1.32 1.05 1.08
Price to Tangible Book Value (P/TBV)		 0.84 1.34 1.46 1.04 1.30 1.02 1.48 1.78 1.37 1.32
Price to Revenue (P/Rev)		 1.85 2.89 2.59 1.85 2.50 2.02 2.59 1.99 2.01 3.71
Price to Earnings (P/E)		 8.56 18.23 12.48 6.52 9.29 10.06 7.16 7.52 13.24 0.00
Dividend Yield		 3.09% 2.47% 2.53% 4.98% 4.39% 5.35% 3.71% 5.11% 6.00% 4.78%
Earnings Yield		 11.68% 5.49% 8.01% 15.34% 10.77% 9.94% 13.96% 13.29% 7.55% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.85 1.01 1.05 0.90 1.00 0.89 1.08 1.07 0.99 0.99
Enterprise Value to Revenue (EV/Rev)		 4.32 5.73 5.04 4.21 4.75 4.31 4.46 5.62 5.79 6.99
Enterprise Value to EBITDA (EV/EBITDA)		 12.43 22.31 13.49 10.63 13.37 17.27 9.87 16.31 28.13 0.00
Enterprise Value to EBIT (EV/EBIT)		 14.94 29.55 16.34 12.53 14.97 18.50 9.96 17.46 31.87 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 19.86 36.25 24.40 14.41 17.72 21.66 12.41 21.31 38.35 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 16.14 16.93 17.36 10.69 10.41 17.21 28.12 9.11 12.73 48.17
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 13.53 21.79 0.00 6.47 0.00 19.80 6.92
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 1.00 0.87 1.00 0.92 0.77 0.80 0.72 1.84 1.54 0.78
Long-Term Debt to Equity		 0.95 0.81 0.95 0.88 0.73 0.76 0.69 1.44 1.34 0.67
Financial Leverage		 0.89 0.92 0.93 0.96 0.84 0.79 0.77 1.21 1.68 1.12
Leverage Ratio		 8.87 8.91 9.06 9.06 8.72 9.00 10.07 12.18 13.46 11.44
Compound Leverage Factor		 8.87 8.91 9.06 9.34 8.72 9.00 10.07 12.18 13.46 11.44
Debt to Total Capital		 49.90% 46.40% 49.90% 47.79% 43.57% 44.59% 42.03% 64.73% 60.70% 43.92%
Short-Term Debt to Total Capital		 2.48% 2.84% 2.11% 1.82% 2.34% 2.34% 1.96% 14.12% 8.20% 6.57%
Long-Term Debt to Total Capital		 47.42% 43.56% 47.79% 45.97% 41.23% 42.25% 40.07% 50.61% 52.50% 37.35%
Preferred Equity to Total Capital		 1.35% 5.86% 3.42% 4.85% 6.29% 5.86% 6.32% 6.55% 6.71% 7.71%
Noncontrolling Interests to Total Capital		 0.06% 0.00% 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 48.69% 47.75% 46.67% 47.35% 50.14% 49.56% 51.65% 28.72% 32.59% 48.37%
Debt to EBITDA		 7.30 10.29 6.41 5.67 5.81 8.68 3.84 9.89 17.20 -61.09
Net Debt to EBITDA		 6.88 9.76 6.12 5.40 5.49 8.02 3.57 9.53 16.49 -53.61
Long-Term Debt to EBITDA		 6.93 9.66 6.14 5.45 5.50 8.22 3.66 7.73 14.88 -51.95
Debt to NOPAT		 11.66 16.72 11.59 7.68 7.70 10.89 4.84 12.92 23.45 -66.46
Net Debt to NOPAT		 11.00 15.86 11.07 7.31 7.27 10.07 4.49 12.46 22.48 -58.32
Long-Term Debt to NOPAT		 11.08 15.70 11.10 7.39 7.29 10.32 4.61 10.10 20.28 -56.51
Noncontrolling Interest Sharing Ratio		 2.84% 7.57% 8.89% 8.09% 10.27% 10.85% 10.73% 14.25% 17.80% 15.24%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,717 -6,167 -269 1,979 1,389 -929 5,008 -6,183 1,867 4,619
Operating Cash Flow to CapEx		 38.34% 47.18% 192.06% 67.77% 47.08% 22.74% 26.99% 25.34% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -6.27 -15.42 -0.44 2.04 1.05 -1.43 16.92 -6.99 0.47 0.99
Operating Cash Flow to Interest Expense		 4.13 4.22 2.96 2.59 2.19 2.57 3.90 5.05 0.72 0.14
Operating Cash Flow Less CapEx to Interest Expense		 -6.64 -4.73 1.42 -1.23 -2.46 -8.73 -10.54 -14.87 2.39 1.85
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.05 0.05 0.04 0.04 0.04 0.04 0.03 0.02
Fixed Asset Turnover		 3.69 3.78 3.83 4.83 7.51 8.53 10.13 11.00 9.84 7.17
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 21,476 28,432 29,992 29,872 30,191 32,449 30,053 38,147 37,244 32,411
Invested Capital Turnover		 0.21 0.20 0.21 0.21 0.21 0.21 0.23 0.21 0.17 0.13
Increase / (Decrease) in Invested Capital		 2,636 6,956 1,560 -120 319 2,258 -2,396 8,094 -903 -4,833
Enterprise Value (EV)		 18,255 28,601 31,501 26,782 30,264 28,791 32,419 40,726 36,969 31,983
Market Capitalization		 7,842 14,421 16,178 11,733 15,943 13,514 18,802 14,420 12,803 16,991
Book Value per Share		 $12.52 $12.56 $13.02 $13.67 $15.37 $16.47 $16.67 $11.74 $12.96 $15.81
Tangible Book Value per Share		 $11.17 $9.94 $10.27 $10.94 $12.41 $13.55 $13.64 $8.69 $9.97 $13.01
Total Capital		 21,476 28,432 29,992 29,872 30,191 32,449 30,053 38,147 37,244 32,411
Total Debt		 10,717 13,192 14,967 14,276 13,153 14,468 12,630 24,693 22,607 14,235
Total Long-Term Debt		 10,184 12,384 14,333 13,732 12,448 13,709 12,042 19,307 19,554 12,105
Net Debt		 10,110 12,515 14,296 13,598 12,421 13,377 11,717 23,806 21,666 12,492
Capital Expenditures (CapEx)		 2,950 3,580 945 3,698 6,172 7,358 4,272 17,633 -6,673 -7,944
Net Nonoperating Expense (NNE)		 -1.00 -1.00 -7.00 -7.00 -9.00 -14 -13 -6.00 -3.00 -53
Net Nonoperating Obligations (NNO)		 10,717 13,192 14,967 14,276 13,153 14,468 12,630 24,693 22,607 14,235
Total Depreciation and Amortization (D&A)		 247 314 407 382 241 111 32 164 154 73
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.06 $0.81 $1.14 $1.73 $1.63 $1.28 $2.65 $1.94 $0.89 ($0.32)
Adjusted Weighted Average Basic Shares Outstanding		 836.85M 927.82M 1.07B 1.04B 992.09M 967.78M 947.07M 924.36M 927.22M 949.56M
Adjusted Diluted Earnings per Share		 $1.05 $0.80 $1.13 $1.71 $1.62 $1.27 $2.63 $1.93 $0.88 ($0.32)
Adjusted Weighted Average Diluted Shares Outstanding		 844.49M 938.54M 1.09B 1.05B 1.00B 974.81M 957.41M 933.06M 932.76M 949.56M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $1.63 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 835.61M 1.07B 1.06B 1.01B 969.89M 968.82M 927.76M 931.83M 933.84M 1.11B
Normalized Net Operating Profit after Tax (NOPAT)		 919 789 1,291 1,859 1,708 1,329 2,612 1,911 964 -214
Normalized NOPAT Margin		 21.74% 15.81% 20.64% 29.24% 26.82% 19.88% 35.95% 26.38% 15.10% -4.68%
Pre Tax Income Margin		 28.90% 19.40% 30.82% 34.65% 31.75% 23.27% 44.79% 32.20% 18.17% -6.69%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 4.46 2.42 3.15 2.21 1.52 2.39 10.99 2.64 0.29 -0.07
NOPAT to Interest Expense		 3.35 1.97 2.11 1.92 1.29 2.04 8.82 2.16 0.24 -0.05
EBIT Less CapEx to Interest Expense		 -6.31 -6.53 1.60 -1.61 -3.13 -8.91 -3.44 -17.29 1.95 1.64
NOPAT Less CapEx to Interest Expense		 -7.41 -6.98 0.56 -1.90 -3.37 -9.26 -5.61 -17.77 1.90 1.66
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 29.02% 42.41% 36.98% 35.16% 46.83% 61.73% 31.35% 44.55% 94.21% -575.78%
Augmented Payout Ratio		 77.72% 60.13% 88.14% 94.00% 95.46% 71.71% 53.64% 44.55% 98.14% -575.78%

Quarterly Metrics And Ratios for KeyCorp

This table displays calculated financial ratios and metrics derived from KeyCorp's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 3.64% -2.63% 1.01% -11.09% -17.08% -19.04% -10.84% -4.60% -56.16% -44.15% 15.90%
EBITDA Growth		 -20.42% -25.83% -24.96% -44.68% -41.16% -83.15% -30.25% -6.49% -219.95% -553.33% 71.52%
EBIT Growth		 -17.82% -38.80% -27.00% -48.04% -44.73% -87.87% -29.08% -2.62% -237.87% -824.56% 85.25%
NOPAT Growth		 -16.02% -37.16% -30.43% -46.04% -44.07% -83.50% -29.58% -4.55% -217.28% -544.77% 85.39%
Net Income Growth		 -15.97% -37.36% -30.36% -46.15% -44.10% -83.50% -29.81% -4.53% -235.31% -475.38% 84.93%
EPS Growth		 -15.38% -39.06% -33.33% -50.00% -47.27% -94.87% -33.33% -7.41% -262.07% -1,600.00% 65.00%
Operating Cash Flow Growth		 127.43% 15,950.00% -18.50% 846.15% -72.80% -34.57% -50.00% -137.29% -312.90% 66.54% -139.00%
Free Cash Flow Firm Growth		 -1,072.07% -354.71% -720.17% -502.56% 58.85% 112.57% 149.43% 170.91% 269.41% 369.41% -46.34%
Invested Capital Growth		 14.89% 26.93% 66.30% 26.62% 5.55% -2.37% -18.92% -13.80% -8.50% -12.98% -11.76%
Revenue Q/Q Growth		 5.27% 0.64% -9.73% -7.03% -1.83% -1.73% -0.59% -0.53% -54.89% 25.18% 106.32%
EBITDA Q/Q Growth		 -0.86% -22.61% -14.60% -11.09% 5.45% -77.83% 255.29% 19.21% -235.28% 16.22% 226.96%
EBIT Q/Q Growth		 0.30% -29.22% -16.60% -12.24% 6.69% -84.47% 387.72% 20.50% -251.04% 18.38% 224.70%
NOPAT Q/Q Growth		 1.89% -27.04% -21.07% -8.04% 5.59% -78.48% 236.92% 24.66% -229.74% 18.38% 240.44%
Net Income Q/Q Growth		 1.69% -27.31% -20.81% -8.01% 5.57% -78.55% 236.92% 25.11% -249.64% 40.49% 265.98%
EPS Q/Q Growth		 1.85% -29.09% -23.08% -10.00% 7.41% -93.10% 900.00% 25.00% -288.00% 36.17% 210.00%
Operating Cash Flow Q/Q Growth		 2,767.95% -23.83% -54.70% -18.94% -2.75% 83.22% -65.38% -160.45% -455.30% 243.32% -108.11%
Free Cash Flow Firm Q/Q Growth		 -185.98% -85.95% -140.01% 52.79% 80.47% 156.81% 843.80% -32.28% -53.34% 57.40% 7.88%
Invested Capital Q/Q Growth		 6.71% 5.60% 23.56% -9.06% -11.05% -2.32% 2.62% -3.32% -5.58% -7.10% 4.05%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 36.72% 28.24% 25.37% 24.26% 26.06% 5.88% 19.84% 23.78% -71.30% -47.72% 29.37%
EBIT Margin		 35.34% 24.85% 22.96% 21.68% 23.56% 3.72% 18.27% 22.13% -74.08% -48.30% 29.20%
Profit (Net Income) Margin		 28.85% 20.84% 18.28% 18.08% 19.45% 4.25% 14.39% 18.10% -60.03% -28.54% 22.96%
Tax Burden Percent		 81.63% 83.83% 79.59% 83.43% 82.56% 114.04% 78.78% 81.79% 81.03% 59.08% 78.64%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 18.67% 16.17% 20.66% 16.86% 17.71% -14.04% 21.22% 18.51% 0.00% 0.00% 21.17%
Return on Invested Capital (ROIC)		 6.21% 4.43% 3.51% 3.32% 3.52% 0.72% 2.09% 2.77% -7.46% -4.44% 3.08%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.22% 4.43% 3.51% 3.32% 3.52% 0.72% 2.09% 2.77% -7.72% -4.20% 3.08%
Return on Net Nonoperating Assets (RNNOA)		 7.42% 5.35% 5.43% 5.69% 6.30% 1.21% 4.09% 4.95% -10.94% -4.71% 3.52%
Return on Equity (ROE)		 13.63% 9.78% 8.94% 9.01% 9.82% 1.93% 6.18% 7.72% -18.40% -9.15% 6.60%
Cash Return on Invested Capital (CROIC)		 -7.51% -18.13% -45.09% -19.50% -1.92% 4.95% 22.94% 16.97% 9.28% 13.26% 12.36%
Operating Return on Assets (OROA)		 1.37% 0.96% 0.88% 0.80% 0.84% 0.13% 0.59% 0.71% -2.06% -1.18% 0.75%
Return on Assets (ROA)		 1.12% 0.80% 0.70% 0.67% 0.69% 0.14% 0.46% 0.58% -1.67% -0.70% 0.59%
Return on Common Equity (ROCE)		 11.68% 8.38% 7.61% 7.61% 7.98% 1.59% 5.11% 6.37% -15.35% -7.76% 5.62%
Return on Equity Simple (ROE_SIMPLE)		 16.19% 0.00% 12.44% 11.09% 9.70% 0.00% 6.01% 5.82% 0.88% 0.00% 0.13%
Net Operating Profit after Tax (NOPAT)		 540 394 311 286 302 65 219 273 -354 -289 406
NOPAT Margin		 28.74% 20.84% 18.22% 18.02% 19.38% 4.25% 14.39% 18.03% -51.86% -33.81% 23.02%
Net Nonoperating Expense Percent (NNEP)		 -0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.26% -0.24% 0.01%
SG&A Expenses to Revenue		 45.61% 46.48% 53.08% 52.49% 55.65% 57.87% 57.95% 55.75% 128.99% 112.40% 50.74%
Operating Expenses to Revenue		 58.86% 61.13% 68.89% 67.80% 71.25% 89.61% 75.10% 71.27% 160.18% 143.74% 64.12%
Earnings before Interest and Taxes (EBIT)		 664 470 392 344 367 57 278 335 -506 -413 515
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 690 534 433 385 406 90 302 360 -487 -408 518
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.24 1.32 0.91 0.71 0.88 1.05 1.21 1.09 1.10 1.08 1.07
Price to Tangible Book Value (P/TBV)		 1.69 1.78 1.19 0.95 1.18 1.37 1.58 1.41 1.37 1.32 1.29
Price to Revenue (P/Rev)		 1.84 1.99 1.47 1.15 1.41 2.01 2.35 2.19 3.01 3.71 3.67
Price to Earnings (P/E)		 6.24 7.52 6.01 5.28 7.33 13.24 16.70 15.56 106.75 0.00 706.83
Dividend Yield		 5.42% 5.11% 6.96% 9.35% 8.08% 6.00% 5.26% 5.77% 4.90% 4.78% 5.13%
Earnings Yield		 16.04% 13.29% 16.63% 18.95% 13.64% 7.55% 5.99% 6.43% 0.94% 0.00% 0.14%
Enterprise Value to Invested Capital (EV/IC)		 1.05 1.07 0.96 0.91 0.94 0.99 1.03 0.99 1.00 0.99 0.98
Enterprise Value to Revenue (EV/Rev)		 5.21 5.62 6.23 5.50 5.34 5.79 6.38 6.00 6.68 6.99 6.85
Enterprise Value to EBITDA (EV/EBITDA)		 14.18 16.31 19.45 19.29 20.80 28.13 33.98 32.28 143.10 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 14.46 17.46 20.68 20.78 22.89 31.87 37.78 35.42 213.77 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 17.74 21.31 25.49 25.38 27.85 38.35 45.32 42.76 240.13 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.23 9.11 10.51 7.83 10.43 12.73 15.53 21.05 0.00 48.17 199.89
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 19.80 4.04 5.42 10.35 6.92 7.42
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.72 1.84 2.29 2.10 1.85 1.54 1.63 1.50 1.07 0.78 0.77
Long-Term Debt to Equity		 1.37 1.44 1.59 1.59 1.60 1.34 1.43 1.14 0.93 0.67 0.65
Financial Leverage		 1.19 1.21 1.55 1.71 1.79 1.68 1.96 1.79 1.42 1.12 1.14
Leverage Ratio		 12.24 12.18 12.78 13.51 14.18 13.46 13.34 13.36 12.50 11.44 11.21
Compound Leverage Factor		 12.24 12.18 12.78 13.51 14.18 13.46 13.34 13.36 12.50 11.44 11.21
Debt to Total Capital		 63.21% 64.73% 69.62% 67.70% 64.97% 60.70% 61.94% 59.98% 51.70% 43.92% 43.65%
Short-Term Debt to Total Capital		 12.67% 14.12% 21.34% 16.21% 9.10% 8.20% 7.58% 14.32% 6.76% 6.57% 6.90%
Long-Term Debt to Total Capital		 50.54% 50.61% 48.27% 51.49% 55.87% 52.50% 54.36% 45.65% 44.94% 37.35% 36.75%
Preferred Equity to Total Capital		 6.92% 6.55% 5.30% 5.83% 6.56% 6.71% 6.54% 6.77% 7.17% 7.71% 7.41%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 29.87% 28.72% 25.08% 26.47% 28.47% 32.59% 31.52% 33.26% 41.14% 48.37% 48.94%
Debt to EBITDA		 8.51 9.89 14.11 14.40 14.31 17.20 20.35 19.47 73.62 -61.09 -865.88
Net Debt to EBITDA		 8.24 9.53 13.77 14.03 13.87 16.49 19.28 18.31 68.41 -53.61 -753.59
Long-Term Debt to EBITDA		 6.80 7.73 9.78 10.95 12.31 14.88 17.86 14.82 63.99 -51.95 -728.94
Debt to NOPAT		 10.65 12.92 18.49 18.95 19.16 23.45 27.15 25.80 123.53 -66.46 -304.76
Net Debt to NOPAT		 10.32 12.46 18.05 18.46 18.57 22.48 25.72 24.25 114.79 -58.32 -265.24
Long-Term Debt to NOPAT		 8.52 10.10 12.82 14.42 16.48 20.28 23.83 19.64 107.38 -56.51 -256.56
Noncontrolling Interest Sharing Ratio		 14.29% 14.25% 14.85% 15.56% 18.76% 17.80% 17.32% 17.46% 16.55% 15.24% 14.90%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -4,141 -7,700 -18,481 -8,725 -1,704 968 9,136 6,187 2,887 4,544 4,902
Operating Cash Flow to CapEx		 53.90% 49.48% 117.32% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -20.62%
Free Cash Flow to Firm to Interest Expense		 -16.70 -16.21 -25.49 -8.45 -1.51 0.86 7.90 5.15 2.36 4.20 5.03
Operating Cash Flow to Interest Expense		 8.39 3.34 0.99 0.56 0.50 0.92 0.31 -0.18 -0.99 1.60 -0.14
Operating Cash Flow Less CapEx to Interest Expense		 -7.18 -3.41 0.15 1.45 3.59 3.47 2.57 2.15 0.29 2.49 -0.84
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.02 0.03
Fixed Asset Turnover		 11.16 11.00 11.39 10.95 10.55 9.84 9.70 9.55 8.25 7.17 7.69
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 36,123 38,147 47,136 42,864 38,129 37,244 38,219 36,950 34,888 32,411 33,723
Invested Capital Turnover		 0.22 0.21 0.19 0.18 0.18 0.17 0.15 0.15 0.14 0.13 0.13
Increase / (Decrease) in Invested Capital		 4,681 8,094 18,792 9,011 2,006 -903 -8,917 -5,914 -3,241 -4,833 -4,496
Enterprise Value (EV)		 38,034 40,726 45,241 38,860 36,009 36,969 39,517 36,733 35,059 31,983 32,982
Market Capitalization		 13,418 14,420 10,711 8,098 9,502 12,803 14,592 13,398 15,799 16,991 17,671
Book Value per Share		 $11.57 $11.74 $12.69 $12.13 $11.60 $12.96 $12.96 $13.03 $15.22 $15.81 $14.93
Tangible Book Value per Share		 $8.50 $8.69 $9.64 $9.11 $8.59 $9.97 $9.95 $10.07 $12.26 $13.01 $12.42
Total Capital		 36,123 38,147 47,136 42,864 38,129 37,244 38,219 36,950 34,888 32,411 33,723
Total Debt		 22,833 24,693 32,814 29,020 24,773 22,607 23,672 22,161 18,036 14,235 14,720
Total Long-Term Debt		 18,257 19,307 22,753 22,071 21,303 19,554 20,776 16,869 15,677 12,105 12,392
Net Debt		 22,116 23,806 32,030 28,262 24,007 21,666 22,425 20,835 16,760 12,492 12,811
Capital Expenditures (CapEx)		 3,861 3,203 612 -917 -3,488 -2,880 -2,614 -2,803 -1,557 -970 679
Net Nonoperating Expense (NNE)		 -2.00 0.00 -1.00 -1.00 -1.00 0.00 0.00 -1.00 56 -45 1.00
Net Nonoperating Obligations (NNO)		 22,833 24,693 32,814 29,020 24,773 22,607 23,672 22,161 18,036 14,235 14,720
Total Depreciation and Amortization (D&A)		 26 64 41 41 39 33 24 25 19 5.00 3.00
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.55 $0.38 $0.30 $0.27 $0.29 $0.03 $0.20 $0.25 ($0.47) ($0.30) $0.34
Adjusted Weighted Average Basic Shares Outstanding		 924.59M 924.36M 926.49M 926.74M 927.13M 927.22M 929.69M 931.73M 948.98M 949.56M 1.10B
Adjusted Diluted Earnings per Share		 $0.55 $0.39 $0.30 $0.27 $0.29 $0.02 $0.20 $0.25 ($0.47) ($0.30) $0.33
Adjusted Weighted Average Diluted Shares Outstanding		 932.46M 933.06M 933.80M 930.45M 931.74M 932.76M 937.01M 938.49M 948.98M 949.56M 1.11B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 932.97M 931.83M 935.26M 935.92M 936.26M 933.84M 942.86M 943.20M 991.28M 1.11B 1.10B
Normalized Net Operating Profit after Tax (NOPAT)		 540 394 311 286 302 40 219 273 -354 -289 406
Normalized NOPAT Margin		 28.74% 20.84% 18.22% 18.02% 19.38% 2.61% 14.39% 18.03% -51.86% -33.81% 23.02%
Pre Tax Income Margin		 35.34% 24.85% 22.96% 21.68% 23.56% 3.72% 18.27% 22.13% -74.08% -48.30% 29.20%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.68 0.99 0.54 0.33 0.33 0.05 0.24 0.28 -0.41 -0.38 0.53
NOPAT to Interest Expense		 2.18 0.83 0.43 0.28 0.27 0.06 0.19 0.23 -0.29 -0.27 0.42
EBIT Less CapEx to Interest Expense		 -12.89 -5.75 -0.30 1.22 3.42 2.60 2.50 2.61 0.86 0.52 -0.17
NOPAT Less CapEx to Interest Expense		 -13.39 -5.91 -0.42 1.17 3.36 2.61 2.45 2.56 0.98 0.63 -0.28
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 38.80% 44.55% 49.07% 58.18% 70.29% 94.21% 104.35% 106.16% 619.59% -575.78% 3,852.00%
Augmented Payout Ratio		 12.83% 44.55% 49.07% 60.65% 73.23% 98.14% 104.35% 101.74% 593.92% -575.78% 3,852.00%

Key Financial Trends

KeyCorp's recent financial performance shows a mixed but generally positive situation for early 2025 compared to previous periods.

  • Net interest income increased to about $1.096 billion in Q1 2025, up from $1.051 billion in Q4 2024, reflecting improved loan interest income or better asset yields.
  • Net income returned strongly to a positive $405 million in Q1 2025 from a loss of $244 million in Q4 2024, indicating a substantial recovery.
  • Total revenue rose sharply to about $1.76 billion in Q1 2025 compared to a negative $196 million in Q4 2024, helped by improved non-interest income particularly in investment banking and trust fees.
  • Provision for credit losses increased to $118 million in Q1 2025, suggesting more cautious credit risk management compared to prior quarters.
  • Cash and due from banks grew to nearly $1.91 billion in Q1 2025, reflecting improved liquidity compared to prior quarters.
  • Total loans and leases (net of allowances) increased moderately to roughly $103.38 billion in Q1 2025, showing asset growth compared to year-end 2024.
  • Net cash from financing activities was positive $1.017 billion in Q1 2025, driven by net increase in deposits and issuance of debt, supporting funding stability.
  • Basic and diluted EPS improved strongly to $0.34 and $0.33 respectively in Q1 2025 from negative $0.30 in Q4 2024, signaling earnings turnaround.
  • Non-interest expenses remained high at about $1.13 billion in Q1 2025, similar to previous quarters, so operational efficiency remains an area to watch.
  • The balance sheet remains large and stable with total assets around $188.69 billion and total equity about $19 billion at the end of Q1 2025.
  • Q4 2024 showed a significant loss both in net income (-$244 million) and negative total non-interest income (-$196 million), indicating a challenging quarter likely due to market or investment losses.
  • Capital gains volatility is notable, with large unrealized losses impacting prior quarters' results (e.g., -$906 million in Q4 2024, -$919 million in Q3 2024).
  • Interest expense pressures seen in late 2024 with increases in long-term debt interest expense, though slightly easing in Q1 2025.
  • Net cash from continuing operating activities was negative $140 million in Q1 2025, a decline from positive cash flow in prior quarters, which could signal working capital or asset-liability management issues.
  • Capital expenditures and purchases of investment securities remain large, causing consistent negative cash flow from investing activities (e.g., -$711 million in Q1 2025), indicating high investments but also operational cash drains.

Summary: KeyCorp had a challenging end to 2024 with losses and volatile investment income but has shown a strong rebound in Q1 2025 with growth in net interest income, total revenue, and returning to profitability. The balance sheet remains robust with growing loans and deposits. Investors should watch for continued stability in non-interest income, control over expenses, and sustained positive operating cash flow to support this improving trend.

08/03/25 04:01 PMAI Generated. May Contain Errors.

Frequently Asked Questions About KeyCorp's Financials

When does KeyCorp's financial year end?

According to the most recent income statement we have on file, KeyCorp's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has KeyCorp's net income changed over the last 9 years?

Over the last 9 years, KeyCorp's net income changed from $920 million in 2015 to -$161 million in 2024, a change of -117.5%. See where experts think KeyCorp is headed by visiting KeyCorp's forecast page.

How has KeyCorp's revenue changed over the last 9 years?

Over the last 9 years, KeyCorp's total revenue changed from $4.23 billion in 2015 to $4.57 billion in 2024, a change of 8.2%.

How much debt does KeyCorp have?

KeyCorp's total liabilities were at $168.99 billion at the end of 2024, a 2.7% decrease from 2023, and a 100.3% increase since 2015.

How much cash does KeyCorp have?

In the past 9 years, KeyCorp's cash and equivalents has ranged from $607 million in 2015 to $1.74 billion in 2024, and is currently $1.74 billion as of their latest financial filing in 2024.

How has KeyCorp's book value per share changed over the last 9 years?

Over the last 9 years, KeyCorp's book value per share changed from 12.52 in 2015 to 15.81 in 2024, a change of 26.3%.


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This page (NYSE:KEY) was last updated on 8/3/2025 by MarketBeat.com Staff
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