Go Pro

KeyCorp (KEY) Financials

KeyCorp logo
$21.88 -0.22 (-1.00%)
Closing price 08/20/2026 03:58 PM Eastern
Extended Trading
$21.99 +0.11 (+0.50%)
As of 08:41 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders
916 791 1,296 1,800 1,717 1,343 2,625 1,917 967 -161 1,829
Consolidated Net Income / (Loss)
920 790 1,298 1,866 1,717 1,343 2,625 1,917 967 -161 1,829
Net Income / (Loss) Continuing Operations
919 789 1,291 1,859 1,708 1,329 2,612 1,911 964 -163 1,828
Total Pre-Tax Income
1,222 968 1,928 2,203 2,022 1,556 3,254 2,333 1,160 -306 2,304
Total Revenue
4,228 4,990 6,255 6,358 6,368 6,686 7,265 7,245 6,383 4,574 7,478
Net Interest Income / (Expense)
2,348 2,919 3,777 3,909 3,909 4,034 4,071 4,527 3,913 3,765 4,636
Total Interest Income
2,622 3,319 4,390 4,812 5,235 4,685 4,367 5,412 7,927 8,427 8,386
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 5,810
Investment Securities Interest Income
397 496 644 768 892 744 778 1,093 1,574 2,279 2,543
Other Interest Income
18 16 17 21 13 6.00 7.00 22 73 62 33
Total Interest Expense
274 400 613 969 1,326 651 296 885 4,014 4,662 3,750
Deposits Interest Expense
105 171 278 517 853 347 67 279 2,322 3,307 2,919
Short-Term Borrowings Interest Expense
9.00 10 15 21 17 12 8.00 90 308 164 84
Long-Term Debt Interest Expense
160 218 319 420 454 286 221 475 1,305 1,187 734
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 13
Total Non-Interest Income
1,880 2,071 2,478 2,515 2,459 2,652 3,194 2,718 2,470 809 2,842
Trust Fees by Commissions
- 464 535 499 475 507 530 526 516 557 591
Service Charges on Deposit Accounts
198 517 576 582 573 524 625 722 572 536 589
Other Service Charges
986 171 224 245 145 110 280 189 236 281 310
Net Realized & Unrealized Capital Gains on Investments
124 62 96 89 162 167 148 112 81 -1,780 37
Investment Banking Income
445 482 603 650 630 661 937 638 542 688 780
Other Non-Interest Income
127 375 444 450 474 683 674 531 523 527 535
Provision for Credit Losses
166 266 229 246 445 1,021 -418 502 489 335 471
Total Non-Interest Expense
2,840 3,756 4,098 3,975 3,901 4,109 4,429 4,410 4,734 4,545 4,703
Salaries and Employee Benefits
1,652 2,048 2,278 2,309 2,250 2,336 2,561 2,566 2,660 2,714 2,917
Net Occupancy & Equipment Expense
554 717 762 623 607 630 684 701 723 760 778
Marketing Expense
57 101 120 102 96 97 126 123 109 94 95
Other Operating Expenses
509 774 761 770 859 1,046 1,058 1,020 1,242 977 913
Income Tax Expense
303 179 637 344 314 227 642 422 196 -143 476
Net Income / (Loss) Discontinued Operations
1.00 1.00 7.00 7.00 9.00 14 13 6.00 3.00 2.00 1.00
Basic Earnings per Share
$1.06 $0.81 $1.14 $1.73 $1.63 $1.28 $2.65 $1.94 $0.89 ($0.32) $1.53
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 1.10B
Diluted Earnings per Share
$1.05 $0.80 $1.13 $1.71 $1.62 $1.27 $2.63 $1.93 $0.88 ($0.32) $1.52
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 1.11B
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 1.09B
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 $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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders
65 219 274 -410 -244 405 425 489 510 522 509
Consolidated Net Income / (Loss)
65 219 274 -410 -244 405 425 489 510 522 509
Net Income / (Loss) Continuing Operations
65 219 273 -411 -244 406 423 490 509 522 508
Total Pre-Tax Income
57 278 335 -506 -413 515 539 602 648 658 647
Total Revenue
1,531 1,522 1,514 683 855 1,764 1,831 1,886 1,997 1,945 1,956
Net Interest Income / (Expense)
921 875 887 952 1,051 1,096 1,141 1,184 1,215 1,222 1,250
Total Interest Income
2,050 2,032 2,088 2,175 2,132 2,070 2,107 2,131 2,078 2,005 2,059
Loans and Leases Interest Income
1,586 1,552 1,532 1,534 1,468 1,415 1,454 1,484 1,457 1,430 1,478
Investment Securities Interest Income
442 463 540 627 649 646 645 639 613 570 573
Other Interest Income
22 17 16 14 15 9.00 8.00 8.00 8.00 5.00 8.00
Total Interest Expense
1,129 1,157 1,201 1,223 1,081 974 966 947 863 783 809
Deposits Interest Expense
754 782 817 887 821 753 730 748 688 598 600
Short-Term Borrowings Interest Expense
45 46 51 43 24 27 34 14 9.00 20 35
Long-Term Debt Interest Expense
330 328 332 292 235 193 198 181 162 151 155
Federal Funds Purchased and Securities Sold Interest Expense
- 1.00 1.00 1.00 1.00 1.00 4.00 4.00 4.00 14 19
Total Non-Interest Income
610 647 627 -269 -196 668 690 702 782 723 706
Trust Fees by Commissions
132 136 139 140 142 139 146 150 156 157 159
Service Charges on Deposit Accounts
132 132 134 136 134 134 149 147 159 148 157
Other Service Charges
68 65 82 71 76 83 71 81 75 80 64
Net Realized & Unrealized Capital Gains on Investments
11 21 11 -919 -906 9.00 14 5.00 9.00 8.00 10
Investment Banking Income
136 170 126 171 221 175 178 184 243 197 169
Other Non-Interest Income
131 123 135 132 137 128 132 135 140 133 144
Provision for Credit Losses
102 101 100 95 39 118 138 107 108 106 92
Total Non-Interest Expense
1,372 1,143 1,079 1,094 1,229 1,131 1,154 1,177 1,241 1,181 1,217
Salaries and Employee Benefits
674 674 636 670 734 680 705 742 790 743 786
Net Occupancy & Equipment Expense
181 189 187 190 194 194 197 190 197 198 198
Marketing Expense
31 19 21 21 33 21 24 22 28 18 22
Other Operating Expenses
486 261 235 213 268 236 228 223 226 222 211
Income Tax Expense
-8.00 59 62 -95 -169 109 116 112 139 136 139
Net Income / (Loss) Discontinued Operations
- 0.00 1.00 1.00 - -1.00 2.00 -1.00 1.00 0.00 1.00
Basic Earnings per Share
$0.03 $0.20 $0.25 ($0.47) ($0.30) $0.34 $0.35 $0.41 $0.43 $0.45 $0.44
Weighted Average Basic Shares Outstanding
927.22M 929.69M 931.73M 948.98M 949.56M 1.10B 1.10B 1.10B 1.10B 1.08B 1.07B
Diluted Earnings per Share
$0.02 $0.20 $0.25 ($0.47) ($0.30) $0.33 $0.35 $0.41 $0.43 $0.44 $0.44
Weighted Average Diluted Shares Outstanding
932.76M 937.01M 938.49M 948.98M 949.56M 1.11B 1.11B 1.11B 1.11B 1.09B 1.08B
Weighted Average Basic & Diluted Shares Outstanding
933.84M 942.86M 943.20M 991.28M 1.11B 1.10B 1.10B 1.09B 1.09B 1.08B 1.07B

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 2025
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 12/31/2025
Net Change in Cash & Equivalents
-46 70 -6.00 7.00 54 359 -178 -26 54 802 -456
Net Cash From Operating Activities
1,131 1,689 1,815 2,506 2,906 1,673 1,153 4,469 2,903 664 2,208
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 2,208
Net Income / (Loss) Continuing Operations
920 790 1,298 1,866 1,717 1,343 2,625 1,917 967 -161 1,829
Consolidated Net Income / (Loss)
920 790 1,298 1,866 1,717 1,343 2,625 1,917 967 -161 1,829
Provision For Loan Losses
166 266 229 246 445 1,021 -418 502 489 335 471
Depreciation Expense
247 314 407 382 241 111 32 164 154 73 21
Non-Cash Adjustments to Reconcile Net Income
63 212 148 -87 81 -23 -651 1,659 321 1,390 -370
Changes in Operating Assets and Liabilities, net
-265 107 -267 99 422 -779 -435 227 972 -973 257
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 3,219
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 3,219
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 -2,664
Purchase of Investment Securities
-5,185 -13,358 -8,415 -5,963 -6,058 -15,833 -28,343 -8,932 -3,496 -21,143 -10,193
Sale of Property, Leasehold Improvements and Equipment
1.00 0.00 0.00 2.00 18 0.00 4.00 16 5.00 24 4.00
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 16,072
Net Cash From Financing Activities
846 4,838 418 -17 2,066 23,407 13,737 6,439 -4,266 -2,359 -5,883
Net Cash From Continuing Financing Activities
846 4,838 418 -17 2,066 23,407 13,737 6,439 -4,266 -2,359 -5,883
Net Change in Deposits
-952 4,047 1,148 2,074 4,561 23,412 17,290 -9,977 2,992 4,173 -1,047
Issuance of Debt
3,756 2,827 2,852 2,306 2,358 3,607 1,203 25,298 -1,132 699 496
Issuance of Common Equity
22 32 25 20 18 8.00 27 6.00 1.00 2,781 9.00
Repayment of Debt
-1,265 -2,602 -2,047 -3,028 -3,634 -2,621 -2,784 -8,580 -5,144 -9,057 -4,052
Repurchase of Common Equity
-448 -140 -664 -1,098 -835 -134 -585 0.00 -38 0.00 -200
Payment of Dividends
-267 -335 -480 -656 -804 -829 -823 -854 -911 -927 -1,054
Other Financing Activities, Net
0.00 0.00 -66 -47 -33 -36 -591 -44 -34 -28 -35
Cash Interest Paid
329 429 598 892 1,251 731 363 601 3,109 4,160 3,710
Cash Income Taxes Paid
281 144 6.00 12 18 241 277 292 156 68 71

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents
175 306 79 -50 467 166 -143 172 -651 -157 581
Net Cash From Operating Activities
1,037 359 -217 -1,205 1,727 -140 1,234 396 718 -62 259
Net Cash From Continuing Operating Activities
1,037 359 -217 -1,205 1,727 -140 1,230 400 718 -62 259
Net Income / (Loss) Continuing Operations
65 219 274 -410 -244 405 425 489 510 522 509
Consolidated Net Income / (Loss)
65 219 274 -410 -244 405 425 489 510 522 509
Provision For Loan Losses
102 101 100 95 39 118 138 107 108 106 92
Depreciation Expense
33 24 25 19 5.00 3.00 8.00 7.00 3.00 -5.00 -5.00
Non-Cash Adjustments to Reconcile Net Income
226 145 -288 373 1,160 -2.00 203 -458 -113 193 -291
Changes in Operating Assets and Liabilities, net
611 -130 -328 -1,282 767 -664 456 255 210 -878 -46
Net Cash From Investing Activities
592 374 658 272 1,193 -711 2,728 -1,203 2,405 -4,592 -2,009
Net Cash From Continuing Investing Activities
592 374 658 272 1,193 -711 2,728 -1,203 2,405 -4,592 -2,009
Purchase of Property, Leasehold Improvements and Equipment
2,880 2,613 2,794 1,555 958 -679 -1,615 344 -714 -2,745 -1,433
Purchase of Investment Securities
-985 -1,481 -2,205 -8,788 -8,669 -3,987 -1,481 -1,979 -2,746 -2,514 -2,493
Sale and/or Maturity of Investments
-1,303 -759 60 7,503 8,892 3,955 5,821 432 5,864 667 1,917
Net Cash From Financing Activities
-1,454 -427 -362 883 -2,453 1,017 -4,105 979 -3,774 4,497 2,331
Net Cash From Continuing Financing Activities
-1,454 -427 -362 883 -2,453 1,017 -4,105 979 -3,774 4,497 2,331
Net Change in Deposits
1,296 -1,356 1,489 4,633 -593 977 -3,832 3,860 -2,052 -898 5,274
Issuance of Debt
-422 1,182 2,394 -2,699 -178 1,039 1,002 -1,352 -193 6,158 -1,438
Issuance of Common Equity
- 3.00 - 813 1,965 2.00 1.00 2.00 4.00 5.00 2.00
Repayment of Debt
-2,100 -1.00 -4,015 -1,633 -3,408 -701 -1,013 -1,267 -1,071 -74 -910
Repurchase of Common Equity
- - - - - 0.00 - - -165 -389 -338
Payment of Dividends
-228 -229 -230 -230 -238 -265 -263 -264 -262 -259 -258
Other Financing Activities, Net
- -26 - -1.00 -1.00 -35 - - - -46 -1.00
Cash Interest Paid
972 990 1,019 1,103 1,048 938 974 927 871 754 779
Cash Income Taxes Paid
1.00 20 38 11 -1.00 -1.00 5.00 24 43 43 58

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 2025
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 12/31/2025
Total Assets
95,131 136,453 137,698 139,613 144,988 170,336 186,346 189,813 188,281 187,168 184,381
Cash and Due from Banks
607 677 671 678 732 1,091 913 887 941 1,743 1,287
Trading Account Securities
21,161 33,218 31,912 33,023 34,284 29,874 56,333 49,619 47,385 47,182 50,356
Loans and Leases, Net of Allowance
59,080 85,180 85,528 88,669 93,746 99,559 100,793 118,057 111,098 102,851 105,114
Loans and Leases
59,876 86,038 86,405 89,552 94,646 101,185 101,854 119,394 112,606 104,260 106,541
Allowance for Loan and Lease Losses
796 858 877 883 900 1,626 1,061 1,337 1,508 1,409 1,427
Premises and Equipment, Net
1,119 1,518 1,751 882 814 753 681 636 661 614 628
Goodwill
1,060 2,446 2,538 2,516 2,664 2,664 2,693 2,752 2,752 2,752 2,752
Intangible Assets
65 384 416 316 253 188 130 94 55 27 8.00
Other Assets
12,039 13,030 14,882 13,529 12,495 36,207 24,803 17,768 25,389 31,999 24,236
Total Liabilities & Shareholders' Equity
95,131 136,453 137,698 139,613 144,988 170,336 186,346 189,813 188,281 187,168 184,381
Total Liabilities
84,372 121,213 122,673 124,017 127,950 152,355 168,923 176,359 173,644 168,992 164,000
Non-Interest Bearing Deposits
26,097 32,825 33,665 29,292 28,853 43,199 52,004 40,834 30,728 29,628 27,613
Interest Bearing Deposits
44,949 71,262 71,570 78,017 83,017 92,083 100,568 101,761 114,859 120,132 121,100
Federal Funds Purchased and Securities Sold
372 1,502 377 319 387 220 173 4,077 38 14 13
Short-Term Debt
533 808 634 544 705 759 588 5,386 3,053 2,130 1,071
Long-Term Debt
10,184 12,384 14,333 13,732 12,448 13,709 12,042 19,307 19,554 12,105 9,917
Other Long-Term Liabilities
2,237 2,432 2,094 2,113 2,540 2,385 3,548 4,994 5,412 4,983 4,286
Total Equity & Noncontrolling Interests
10,759 15,240 15,025 15,596 17,038 17,981 17,423 13,454 14,637 18,176 20,381
Total Preferred & Common Equity
10,746 15,240 15,023 15,595 17,038 17,981 17,423 13,454 14,637 18,176 20,381
Preferred Stock
290 1,665 1,025 1,450 1,900 1,900 1,900 2,500 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 17,881
Common Stock
4,939 7,642 7,592 7,588 7,552 7,538 7,535 7,543 7,538 7,295 7,292
Retained Earnings
8,922 9,378 10,335 11,556 12,469 12,751 14,553 15,616 15,672 14,584 15,359
Treasury Stock
-3,000 -2,904 -3,150 -4,181 -4,909 -4,946 -5,979 -5,910 -5,844 -2,733 -2,810
Accumulated Other Comprehensive Income / (Loss)
-405 -541 -779 -818 26 738 -586 -6,295 -5,229 -3,470 -1,960

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets
187,851 188,281 187,485 187,450 189,763 187,168 188,691 185,499 187,409 188,663 191,317
Cash and Due from Banks
766 941 1,247 1,326 1,276 1,743 1,909 1,766 1,938 1,130 1,711
Trading Account Securities
46,747 47,385 46,969 47,164 44,333 47,182 50,018 49,487 49,935 49,693 50,108
Loans and Leases, Net of Allowance
114,056 111,098 108,343 105,531 103,852 102,851 103,380 104,943 104,458 107,741 108,985
Loans and Leases
115,544 112,606 109,885 107,078 105,346 104,260 104,809 106,389 105,902 109,190 110,430
Allowance for Loan and Lease Losses
1,488 1,508 1,542 1,547 1,494 1,409 1,429 1,446 1,444 1,449 1,445
Premises and Equipment, Net
649 661 650 631 624 614 602 599 606 618 620
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
65 55 48 41 34 27 22 18 13 5.00 3.00
Other Assets
22,816 25,389 27,476 30,005 36,892 31,999 30,008 25,934 27,707 26,724 27,138
Total Liabilities & Shareholders' Equity
187,851 188,281 187,485 187,450 189,763 187,168 188,691 185,499 187,409 188,663 191,317
Total Liabilities
174,495 173,644 172,938 172,661 172,911 168,992 169,688 166,015 167,307 168,676 171,519
Non-Interest Bearing Deposits
31,710 30,728 29,638 28,150 30,358 29,628 28,454 27,675 28,340 27,595 30,893
Interest Bearing Deposits
112,581 114,859 114,593 117,570 119,995 120,132 122,283 119,230 122,425 120,220 122,196
Federal Funds Purchased and Securities Sold
43 38 27 25 44 14 22 20 10 34 5.00
Short-Term Debt
3,470 3,053 2,896 5,292 2,359 2,130 2,328 2,754 1,339 6,149 3,680
Long-Term Debt
21,303 19,554 20,776 16,869 15,677 12,105 12,392 12,063 10,917 10,877 10,967
Other Long-Term Liabilities
5,388 5,412 5,008 4,755 4,478 4,983 4,209 4,273 4,276 3,801 3,778
Total Equity & Noncontrolling Interests
13,356 14,637 14,547 14,789 16,852 18,176 19,003 19,484 20,102 19,987 19,798
Total Preferred & Common Equity
13,356 14,637 14,547 14,789 16,852 18,176 19,003 19,484 20,102 19,987 19,798
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
10,856 12,137 12,047 12,289 14,352 15,676 16,503 16,984 17,602 17,487 17,298
Common Stock
7,511 7,538 7,421 7,442 7,406 7,295 7,203 7,228 7,259 7,238 7,271
Retained Earnings
15,835 15,672 15,662 15,706 15,066 14,584 14,724 14,886 15,111 15,622 15,873
Treasury Stock
-5,851 -5,844 -5,722 -5,715 -4,839 -2,733 -2,637 -2,629 -2,619 -3,152 -3,492
Accumulated Other Comprehensive Income / (Loss)
-6,639 -5,229 -5,314 -5,144 -3,281 -3,470 -2,787 -2,501 -2,149 -2,221 -2,354

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 2025
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 12/31/2025
Growth Metrics
- - - - - - - - - - -
Profitability Metrics
- - - - - - - - - - -
Valuation Ratios
- - - - - - - - - - -
Leverage & Solvency
- - - - - - - - - - -
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Efficiency Ratios
- - - - - - - - - - -
Capital & Investment Metrics
- - - - - - - - - - -
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) $1.53
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 1.10B
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) $1.52
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 1.11B
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 $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 1.09B
Debt Service Ratios
- - - - - - - - - - -
Payout Ratios
- - - - - - - - - - -

Quarterly Metrics And Ratios for KeyCorp

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

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding
- - - - - - - - - 1,089,647,432.00 1,084,225,688.00
DEI Adjusted Shares Outstanding
- - - - - - - - - 1,089,647,432.00 1,084,225,688.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - - 0.48 0.47
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-19.04% -10.84% -4.60% -56.16% -44.15% 15.90% 20.94% 176.13% - 10.26% 6.83%
EBITDA Growth
-83.15% -30.25% -6.49% -219.95% -553.33% 71.52% 51.94% 225.05% - 26.06% 17.37%
EBIT Growth
-87.87% -29.08% -2.62% -237.87% -824.56% 85.25% 60.90% 218.97% - 27.77% 20.04%
NOPAT Growth
-83.50% -29.58% -4.55% -217.28% -544.77% 85.39% 54.95% 238.34% - 28.57% 20.09%
Net Income Growth
-83.50% -29.81% -4.53% -235.31% -475.38% 84.93% 55.11% 219.27% - 28.89% 19.76%
EPS Growth
-94.87% -33.33% -7.41% -262.07% -1,600.00% 65.00% 40.00% 187.23% - 33.33% 25.71%
Operating Cash Flow Growth
-34.57% -50.00% -137.29% -312.90% 66.54% -139.00% 668.66% 132.86% - 55.71% -79.01%
Free Cash Flow Firm Growth
112.57% 149.43% 170.91% 269.41% 369.41% -46.34% -50.35% 4.61% - -156.47% -88.15%
Invested Capital Growth
-2.37% -18.92% -13.80% -8.50% -12.98% -11.76% -7.17% -7.25% - 9.76% 0.42%
Revenue Q/Q Growth
-1.73% -0.59% -0.53% -54.89% 25.18% 106.32% 3.80% 3.00% - -2.60% 0.57%
EBITDA Q/Q Growth
-77.83% 255.29% 19.21% -235.28% 16.22% 226.96% 5.60% 11.33% - 0.31% -1.68%
EBIT Q/Q Growth
-84.47% 387.72% 20.50% -251.04% 18.38% 224.70% 4.66% 11.69% - 1.54% -1.67%
NOPAT Q/Q Growth
-78.48% 236.92% 24.66% -229.74% 18.38% 240.44% 4.19% 15.84% - 2.55% -2.68%
Net Income Q/Q Growth
-78.55% 236.92% 25.11% -249.64% 40.49% 265.98% 4.94% 15.06% - 2.35% -2.49%
EPS Q/Q Growth
-93.10% 900.00% 25.00% -288.00% 36.17% 210.00% 6.06% 17.14% - 2.33% 0.00%
Operating Cash Flow Q/Q Growth
83.22% -65.38% -160.45% -455.30% 243.32% -108.11% 981.43% -67.91% - -108.64% 517.74%
Free Cash Flow Firm Q/Q Growth
156.81% 843.80% -32.28% -53.34% 57.40% 7.88% -37.33% -1.69% - -278.47% 113.15%
Invested Capital Q/Q Growth
-2.32% 2.62% -3.32% -5.58% -7.10% 4.05% 1.71% -5.66% - 17.99% -6.94%
Profitability Metrics
- - - - - - - - - - -
EBITDA Margin
5.88% 19.84% 23.78% -71.30% -47.72% 29.37% 29.87% 32.29% - 33.57% 32.82%
EBIT Margin
3.72% 18.27% 22.13% -74.08% -48.30% 29.20% 29.44% 31.92% - 33.83% 33.08%
Profit (Net Income) Margin
4.25% 14.39% 18.10% -60.03% -28.54% 22.96% 23.21% 25.93% - 26.84% 26.02%
Tax Burden Percent
114.04% 78.78% 81.79% 81.03% 59.08% 78.64% 78.85% 81.23% - 79.33% 78.67%
Interest Burden Percent
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Effective Tax Rate
-14.04% 21.22% 18.51% 0.00% 0.00% 21.17% 21.52% 18.60% - 20.67% 21.48%
Return on Invested Capital (ROIC)
0.72% 2.09% 2.77% -7.46% -4.44% 3.08% 3.33% 4.90% - 5.81% 5.88%
ROIC Less NNEP Spread (ROIC-NNEP)
0.72% 2.09% 2.77% -7.72% -4.20% 3.08% 3.34% 4.89% - 5.81% 5.89%
Return on Net Nonoperating Assets (RNNOA)
1.21% 4.09% 4.95% -10.94% -4.71% 3.52% 3.60% 4.01% - 4.73% 4.42%
Return on Equity (ROE)
1.93% 6.18% 7.72% -18.40% -9.15% 6.60% 6.93% 8.90% - 10.54% 10.30%
Cash Return on Invested Capital (CROIC)
4.95% 22.94% 16.97% 9.28% 13.26% 12.36% 7.92% 10.72% - -3.81% 5.48%
Operating Return on Assets (OROA)
0.13% 0.59% 0.71% -2.06% -1.18% 0.75% 0.81% 1.07% - 1.37% 1.37%
Return on Assets (ROA)
0.14% 0.46% 0.58% -1.67% -0.70% 0.59% 0.64% 0.87% - 1.09% 1.08%
Return on Common Equity (ROCE)
1.59% 5.11% 6.37% -15.35% -7.76% 5.62% 5.92% 7.70% - 9.19% 8.99%
Return on Equity Simple (ROE_SIMPLE)
0.00% 6.01% 5.82% 0.88% 0.00% 0.13% 0.90% 5.35% - 9.74% 10.25%
Net Operating Profit after Tax (NOPAT)
65 219 273 -354 -289 406 423 490 - 522 508
NOPAT Margin
4.25% 14.39% 18.03% -51.86% -33.81% 23.02% 23.10% 25.98% - 26.84% 25.97%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.00% 0.00% 0.26% -0.24% 0.01% -0.01% 0.01% - 0.00% -0.01%
SG&A Expenses to Revenue
57.87% 57.95% 55.75% 128.99% 112.40% 50.74% 50.57% 50.58% - 49.31% 51.43%
Operating Expenses to Revenue
89.61% 75.10% 71.27% 160.18% 143.74% 64.12% 63.03% 62.41% - 60.72% 62.22%
Earnings before Interest and Taxes (EBIT)
57 278 335 -506 -413 515 539 602 - 658 647
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
90 302 360 -487 -408 518 547 609 - 653 642
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.05 1.21 1.09 1.10 1.08 1.07 1.12 1.16 - 1.25 1.44
Price to Tangible Book Value (P/TBV)
1.37 1.58 1.41 1.37 1.32 1.29 1.34 1.38 - 1.48 1.72
Price to Revenue (P/Rev)
2.01 2.35 2.19 3.01 3.71 3.67 3.72 3.23 - 2.85 3.21
Price to Earnings (P/E)
13.24 16.70 15.56 106.75 0.00 706.83 108.47 19.06 - 11.23 12.31
Dividend Yield
6.00% 5.26% 5.77% 4.90% 4.78% 5.13% 4.71% 4.39% - 4.09% 3.56%
Earnings Yield
7.55% 5.99% 6.43% 0.94% 0.00% 0.14% 0.92% 5.25% - 8.91% 8.12%
Enterprise Value to Invested Capital (EV/IC)
0.99 1.03 0.99 1.00 0.99 0.98 1.01 1.03 - 1.09 1.17
Enterprise Value to Revenue (EV/Rev)
5.79 6.38 6.00 6.68 6.99 6.85 6.75 5.26 - 5.25 5.19
Enterprise Value to EBITDA (EV/EBITDA)
28.13 33.98 32.28 143.10 0.00 0.00 203.78 26.31 - 16.36 15.82
Enterprise Value to EBIT (EV/EBIT)
31.87 37.78 35.42 213.77 0.00 0.00 256.61 26.80 - 16.45 15.82
Enterprise Value to NOPAT (EV/NOPAT)
38.35 45.32 42.76 240.13 0.00 0.00 199.09 30.99 - 20.70 19.92
Enterprise Value to Operating Cash Flow (EV/OCF)
12.73 15.53 21.05 0.00 48.17 199.89 21.44 10.36 - 17.60 30.84
Enterprise Value to Free Cash Flow (EV/FCFF)
19.80 4.04 5.42 10.35 6.92 7.42 12.27 9.24 - 0.00 21.45
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
1.54 1.63 1.50 1.07 0.78 0.77 0.76 0.61 - 0.85 0.74
Long-Term Debt to Equity
1.34 1.43 1.14 0.93 0.67 0.65 0.62 0.54 - 0.54 0.55
Financial Leverage
1.68 1.96 1.79 1.42 1.12 1.14 1.08 0.82 - 0.81 0.75
Leverage Ratio
13.46 13.34 13.36 12.50 11.44 11.21 10.88 10.21 - 9.68 9.59
Compound Leverage Factor
13.46 13.34 13.36 12.50 11.44 11.21 10.88 10.21 - 9.68 9.59
Debt to Total Capital
60.70% 61.94% 59.98% 51.70% 43.92% 43.65% 43.20% 37.88% - 46.00% 42.52%
Short-Term Debt to Total Capital
8.20% 7.58% 14.32% 6.76% 6.57% 6.90% 8.03% 4.14% - 16.61% 10.68%
Long-Term Debt to Total Capital
52.50% 54.36% 45.65% 44.94% 37.35% 36.75% 35.17% 33.74% - 29.39% 31.84%
Preferred Equity to Total Capital
6.71% 6.54% 6.77% 7.17% 7.71% 7.41% 7.29% 7.73% - 6.75% 7.26%
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%
Common Equity to Total Capital
32.59% 31.52% 33.26% 41.14% 48.37% 48.94% 49.51% 54.40% - 47.25% 50.22%
Debt to EBITDA
17.20 20.35 19.47 73.62 -61.09 -865.88 87.16 9.68 - 6.92 5.73
Net Debt to EBITDA
16.49 19.28 18.31 68.41 -53.61 -753.59 76.77 8.15 - 6.46 5.06
Long-Term Debt to EBITDA
14.88 17.86 14.82 63.99 -51.95 -728.94 70.96 8.62 - 4.42 4.29
Debt to NOPAT
23.45 27.15 25.80 123.53 -66.46 -304.76 85.16 11.40 - 8.76 7.22
Net Debt to NOPAT
22.48 25.72 24.25 114.79 -58.32 -265.24 75.01 9.60 - 8.18 6.38
Long-Term Debt to NOPAT
20.28 23.83 19.64 107.38 -56.51 -256.56 69.33 10.16 - 5.60 5.41
Noncontrolling Interest Sharing Ratio
17.80% 17.32% 17.46% 16.55% 15.24% 14.90% 14.59% 13.53% - 12.82% 12.73%
Liquidity Ratios
- - - - - - - - - - -
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
968 9,136 6,187 2,887 4,544 4,902 3,072 3,020 - -2,768 364
Operating Cash Flow to CapEx
0.00% 0.00% 0.00% 0.00% 0.00% -20.62% 76.55% 0.00% - -2.26% 18.07%
Free Cash Flow to Firm to Interest Expense
0.86 7.90 5.15 2.36 4.20 5.03 3.18 3.19 - -3.54 0.45
Operating Cash Flow to Interest Expense
0.92 0.31 -0.18 -0.99 1.60 -0.14 1.28 0.42 - -0.08 0.32
Operating Cash Flow Less CapEx to Interest Expense
3.47 2.57 2.15 0.29 2.49 -0.84 -0.39 0.78 - -3.58 -1.45
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.03 0.03 0.03 0.03 0.02 0.03 0.03 0.03 - 0.04 0.04
Fixed Asset Turnover
9.84 9.70 9.55 8.25 7.17 7.69 8.35 10.30 - 12.56 12.77
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
37,244 38,219 36,950 34,888 32,411 33,723 34,301 32,358 - 37,013 34,445
Invested Capital Turnover
0.17 0.15 0.15 0.14 0.13 0.13 0.14 0.19 - 0.22 0.23
Increase / (Decrease) in Invested Capital
-903 -8,917 -5,914 -3,241 -4,833 -4,496 -2,649 -2,530 - 3,290 144
Enterprise Value (EV)
36,969 39,517 36,733 35,059 31,983 32,982 34,642 33,312 - 40,243 40,427
Market Capitalization
12,803 14,592 13,398 15,799 16,991 17,671 19,091 20,494 - 21,847 24,991
Book Value per Share
$12.96 $12.96 $13.03 $15.22 $15.81 $14.93 $15.50 $16.05 - $16.05 $15.95
Tangible Book Value per Share
$9.97 $9.95 $10.07 $12.26 $13.01 $12.42 $12.97 $13.53 - $13.52 $13.41
Total Capital
37,244 38,219 36,950 34,888 32,411 33,723 34,301 32,358 - 37,013 34,445
Total Debt
22,607 23,672 22,161 18,036 14,235 14,720 14,817 12,256 - 17,026 14,647
Total Long-Term Debt
19,554 20,776 16,869 15,677 12,105 12,392 12,063 10,917 - 10,877 10,967
Net Debt
21,666 22,425 20,835 16,760 12,492 12,811 13,051 10,318 - 15,896 12,936
Capital Expenditures (CapEx)
-2,880 -2,614 -2,803 -1,557 -970 679 1,612 -344 - 2,745 1,433
Net Nonoperating Expense (NNE)
0.00 0.00 -1.00 56 -45 1.00 -2.00 1.00 - 0.00 -1.00
Net Nonoperating Obligations (NNO)
22,607 23,672 22,161 18,036 14,235 14,720 14,817 12,256 - 17,026 14,647
Total Depreciation and Amortization (D&A)
33 24 25 19 5.00 3.00 8.00 7.00 - -5.00 -5.00
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.03 $0.20 $0.25 ($0.47) ($0.30) $0.34 $0.35 $0.41 $0.43 $0.45 $0.44
Adjusted Weighted Average Basic Shares Outstanding
927.22M 929.69M 931.73M 948.98M 949.56M 1.10B 1.10B 1.10B 1.10B 1.08B 1.07B
Adjusted Diluted Earnings per Share
$0.02 $0.20 $0.25 ($0.47) ($0.30) $0.33 $0.35 $0.41 $0.43 $0.44 $0.44
Adjusted Weighted Average Diluted Shares Outstanding
932.76M 937.01M 938.49M 948.98M 949.56M 1.11B 1.11B 1.11B 1.11B 1.09B 1.08B
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
933.84M 942.86M 943.20M 991.28M 1.11B 1.10B 1.10B 1.09B 1.09B 1.08B 1.07B
Normalized Net Operating Profit after Tax (NOPAT)
40 219 273 -354 -289 406 423 490 - 522 508
Normalized NOPAT Margin
2.61% 14.39% 18.03% -51.86% -33.81% 23.02% 23.10% 25.98% - 26.84% 25.97%
Pre Tax Income Margin
3.72% 18.27% 22.13% -74.08% -48.30% 29.20% 29.44% 31.92% - 33.83% 33.08%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
0.05 0.24 0.28 -0.41 -0.38 0.53 0.56 0.64 - 0.84 0.80
NOPAT to Interest Expense
0.06 0.19 0.23 -0.29 -0.27 0.42 0.44 0.52 - 0.67 0.63
EBIT Less CapEx to Interest Expense
2.60 2.50 2.61 0.86 0.52 -0.17 -1.11 1.00 - -2.67 -0.97
NOPAT Less CapEx to Interest Expense
2.61 2.45 2.56 0.98 0.63 -0.28 -1.23 0.88 - -2.84 -1.14
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
94.21% 104.35% 106.16% 619.59% -575.78% 3,852.00% 565.91% 95.81% - 53.85% 51.38%
Augmented Payout Ratio
98.14% 104.35% 101.74% 593.92% -575.78% 3,852.00% 565.91% 96.56% - 84.12% 97.04%

Financials Breakdown Chart

Key Financial Trends

KeyCorp’s latest results show a bank that is profitable, but still working through uneven operating trends. In Q1 2026, KeyCorp posted net income of $522 million, up slightly from $510 million in Q4 2025 and $405 million in Q1 2025. Revenue and earnings have stabilized well above the weak 2024 period, but cash flow remains volatile and balance-sheet leverage is still meaningful for a regional bank.

Over the last several quarters, the most important trend is improvement from the 2024 lows. In 2024, KeyCorp had several quarters of pressured earnings, including a net loss in Q4 2024 and weak non-interest income due to investment-related losses. By contrast, 2025 and early 2026 show more consistent profitability, with net interest income holding relatively steady and operating earnings recovering.

  • Profitability has recovered from the 2024 downturn. Q1 2026 net income was $522 million, compared with a Q4 2024 loss of $244 million.
  • Net interest income is holding up. Q1 2026 net interest income was $1.222 billion, roughly in line with the prior quarters and well above the stressed 2024 trough.
  • Non-interest income is contributing more consistently. Q1 2026 non-interest income was $723 million, helped by trust fees, service charges, and investment banking income.
  • Operating leverage is improving. Revenue of $1.945 billion in Q1 2026 exceeded non-interest expense of $1.181 billion, leaving a solid pre-tax profit of $658 million.
  • Capital levels appear stable enough for a regional bank. Total common equity was $17.49 billion and total equity was $19.99 billion at March 31, 2026.
  • The loan book is still large and broadly stable. Net loans and leases were $107.7 billion in Q1 2026 versus $103.4 billion in Q1 2025.
  • Deposit funding remains the core liability base. Total deposits were about $147.8 billion in Q1 2026, supporting the bank’s lending franchise.
  • Loan-loss provisioning remains manageable. Provision for credit losses was $106 million in Q1 2026, roughly similar to recent quarters.
  • Operating cash flow turned negative in Q1 2026. Net cash from operating activities was negative $62 million, down from positive $718 million in Q4 2025.
  • Financing helped mask weak operating cash generation. The company relied on $6.16 billion of debt issuance in Q1 2026 to offset deposit outflows and fund activities.

Balance-sheet trends are mixed. Total assets rose to $188.7 billion in Q1 2026 from $188.3 billion at year-end 2025, while loans also increased. However, deposits fell quarter over quarter, and KeyCorp continues to carry sizable short-term and long-term debt, which adds funding sensitivity if rates stay elevated or deposit competition intensifies.

Compared with the 2023-2024 period, this is a much healthier earnings picture. During 2024, KeyCorp saw sharp swings in capital gains/losses on investments and weak pre-tax income in some quarters. In 2025 and Q1 2026, those swings have narrowed, and the bank is again producing respectable quarterly profits. Still, cash flow volatility and dependence on funding markets remain watch items.

Bottom line: KeyCorp looks fundamentally improved versus its 2024 softness, with better earnings and steadier revenue. Retail investors should view the name as a bank in recovery mode rather than a fully de-risked compounder. The next key indicators are deposit trends, loan growth, and whether operating cash flow can turn consistently positive again.

08/21/26 09:23 AM ETAI Generated. May Contain Errors.

KeyCorp Financials - Frequently Asked Questions

According to the most recent income statement we have on file, KeyCorp's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Over the last 10 years, KeyCorp's net income changed from $920 million in 2015 to $1.83 billion in 2025, a change of 98.8%. See where experts think KeyCorp is headed by visiting KeyCorp's forecast page.

Over the last 10 years, KeyCorp's total revenue changed from $4.23 billion in 2015 to $7.48 billion in 2025, a change of 76.9%.

KeyCorp's total liabilities were at $164 billion at the end of 2025, a 3.0% decrease from 2024, and a 94.4% increase since 2015.

In the past 10 years, KeyCorp's cash and equivalents has ranged from $607 million in 2015 to $1.74 billion in 2024, and is currently $1.29 billion as of their latest financial filing in 2025.



Financial statements for NYSE:KEY last updated on 8/4/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners