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Complete financial analysis of KeyCorp (KEY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of KeyCorp, a leading company in the Banks – Regional industry within the Financial Services sector.
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KeyCorp (KEY)
About KeyCorp
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5.89B | 7.03B | 7.04B | 6.49B | 6.18B | 6.24B | 6.06B | 4.76B | 4.07B | 3.93B | 3.94B | 4.04B | 3.89B | 4.29B | 4.23B | 4.14B | 4.88B | 4.80B | 4.87B | 4.38B | 4.49B | 4.52B | 4.55B | 4.92B | 5.08B | 4.32B | 4.10B | 3.80B | 3.57B | 3.58B | 1.71B | 1.63B | 911.90M | 862.80M | 587.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | -4.50B | 0.00 | 0.00 | 0.00 | 0.00 | 83.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 10.40B | 7.03B | 7.04B | 6.49B | 6.18B | 6.16B | 6.06B | 4.76B | 4.07B | 3.93B | 3.94B | 4.04B | 3.89B | 4.29B | 4.23B | 4.14B | 4.88B | 4.80B | 4.87B | 4.38B | 4.49B | 4.52B | 4.55B | 4.92B | 5.08B | 4.32B | 4.10B | 3.80B | 3.57B | 3.58B | 1.71B | 1.63B | 911.90M | 862.80M | 587.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 176.40% | 100.00% | 100.00% | 100.00% | 100.00% | 98.67% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 2.66B | 2.66B | 2.69B | 2.48B | 2.35B | 2.46B | 2.42B | 2.15B | 1.71B | 1.66B | 1.69B | 1.68B | 1.65B | 1.72B | 1.85B | 1.78B | 1.81B | 1.86B | 1.61B | 1.55B | 1.49B | 1.44B | 1.38B | 1.45B | 1.48B | 1.26B | 1.18B | 1.19B | 1.11B | 1.06B | 506.70M | 476.00M | 278.10M | 282.20M | 180.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 109.00M | 123.00M | 126.00M | 97.00M | 96.00M | 102.00M | 120.00M | 101.00M | 57.00M | 49.00M | 51.00M | 68.00M | 60.00M | 72.00M | 72.00M | 87.00M | 76.00M | 97.00M | 118.00M | 111.00M | 120.00M | 122.00M | 112.00M | 110.00M | 106.00M | 100.00M | 86.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 3.66B | 2.78B | 2.81B | 2.57B | 2.45B | 2.56B | 2.54B | 2.25B | 1.77B | 1.71B | 1.74B | 1.75B | 1.71B | 1.79B | 1.93B | 1.87B | 1.89B | 1.96B | 1.72B | 1.66B | 1.61B | 1.56B | 1.49B | 1.56B | 1.59B | 1.36B | 1.27B | 1.19B | 1.11B | 1.06B | 506.70M | 476.00M | 278.10M | 282.20M | 180.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 437.00M | -6.58B | -7.49B | -6.60B | -5.54B | -5.75B | -5.37B | -4.14B | -3.97B | -4.05B | -4.03B | -3.68B | -4.45B | -7.11B | -4.92B | -2.69B | -2.69B | -3.18B | -3.47B | -3.61B | -3.15B | -3.00B | -1.42B | -2.08B | -1.43B | -1.55B | -1.62B | -1.01B | -1.56B | -1.01B | -896.30M | -258.70M | -117.40M | -60.80M | 100.10M | 90.90M | 84.10M | 60.30M |
| Operating Expenses | 3.66B | 3.22B | -3.77B | -4.92B | -4.15B | -2.98B | -3.21B | -3.13B | -2.37B | -2.26B | -2.32B | -2.28B | -1.98B | -2.65B | -5.19B | -3.05B | -807.00M | -732.00M | -1.45B | -1.81B | -2.00B | -1.59B | -1.51B | 140.00M | -489.00M | -69.00M | -287.00M | -427.00M | 108.10M | -495.40M | -501.80M | -420.30M | 19.40M | 164.80M | 119.50M | 100.10M | 90.90M | 84.10M | 60.30M |
| Cost & Expenses | 3.66B | 3.22B | -3.77B | -4.92B | -4.15B | -2.98B | -3.21B | -3.13B | -2.37B | -2.26B | -2.32B | -2.28B | -1.98B | -2.65B | -5.19B | -3.05B | -807.00M | -732.00M | -1.45B | -1.81B | -2.00B | -1.59B | -1.51B | 140.00M | -489.00M | -69.00M | -287.00M | -427.00M | 108.10M | -495.40M | -501.80M | -420.30M | 19.40M | 164.80M | 119.50M | 100.10M | 90.90M | 84.10M | 60.30M |
| Interest Income | 7.93B | 5.41B | 4.37B | 4.69B | 5.24B | 4.88B | 4.39B | 3.32B | 2.62B | 2.55B | 2.62B | 2.71B | 2.89B | 3.41B | 3.80B | 4.63B | 5.64B | 5.38B | 4.62B | 3.82B | 3.97B | 4.37B | 5.63B | 6.28B | 5.70B | 5.53B | 5.26B | 4.95B | 5.12B | 4.49B | 1.87B | 1.90B | 1.38B | 1.49B | 987.10M | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 4.01B | 885.00M | 296.00M | 651.00M | 1.33B | 969.00M | 613.00M | 400.00M | 274.00M | 261.00M | 295.00M | 441.00M | 622.00M | 897.00M | 1.42B | 2.22B | 2.88B | 2.57B | 1.83B | 1.18B | 1.25B | 1.62B | 2.80B | 3.55B | 2.91B | 2.78B | 2.47B | 2.23B | 2.48B | 1.80B | 672.30M | 773.00M | 697.30M | 862.60M | 561.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 134.00M | 96.00M | 165.00M | 180.00M | 207.00M | 382.00M | 407.00M | 314.00M | 36.00M | 39.00M | 44.00M | 23.00M | 270.00M | 330.00M | 382.00M | 431.00M | 425.00M | 397.00M | 358.00M | 248.00M | 210.00M | 226.00M | 530.00M | 382.00M | 396.00M | 328.00M | 242.00M | 230.00M | 222.80M | 217.70M | 115.40M | 94.00M | 49.00M | 43.20M | 24.70M | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 1.25B | 2.47B | 3.29B | 1.67B | 2.26B | 2.59B | 2.34B | 1.28B | 1.47B | 1.52B | 1.36B | 1.31B | 1.55B | 1.12B | -7.00M | 7.00M | 5.00M | 0.00 | 1.88B | 1.73B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 100.10M | 90.90M | 84.10M | 60.30M |
| EBITDA Ratio | 21.19% | 47.79% | 47.24% | 25.19% | 34.29% | 57.07% | 48.71% | 35.42% | 42.76% | 43.57% | 42.36% | 44.03% | 56.08% | 45.86% | -13.54% | 36.67% | 92.17% | 93.02% | 77.51% | 64.27% | 60.13% | 69.83% | 78.37% | 110.60% | 98.17% | 105.99% | 98.90% | 94.82% | 109.27% | 92.23% | 77.39% | 80.00% | 107.50% | 124.11% | 124.55% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 2.24B | 3.22B | 3.27B | 1.57B | 2.03B | 3.18B | 2.86B | 1.63B | 1.70B | 1.68B | 1.63B | 1.76B | 1.91B | 1.64B | -955.00M | 1.09B | 4.07B | 4.07B | 3.42B | 2.57B | 2.49B | 2.93B | 3.04B | 5.06B | 4.59B | 4.26B | 3.81B | 3.38B | 3.68B | 3.08B | 1.21B | 1.21B | 931.30M | 1.03B | 706.80M | 100.10M | 90.90M | 84.10M | 60.30M |
| Operating Income Ratio | 37.92% | 45.84% | 46.42% | 24.19% | 32.85% | 50.95% | 47.14% | 34.26% | 41.88% | 42.58% | 41.24% | 43.46% | 49.14% | 38.17% | -22.57% | 26.25% | 83.47% | 84.76% | 70.15% | 58.61% | 55.45% | 64.83% | 66.73% | 102.84% | 90.38% | 98.40% | 93.00% | 88.77% | 103.03% | 86.15% | 70.63% | 74.24% | 102.13% | 119.10% | 120.35% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -1.08B | -714.00M | -705.00M | -712.00M | -778.00M | -637.00M | -746.00M | -700.00M | -440.00M | -430.00M | -454.00M | -92.00M | 25.00M | 20.00M | -1.34B | -850.00M | -2.85B | -2.43B | -296.00M | -55.00M | -1.25B | -1.62B | -2.78B | -3.55B | -2.91B | -2.78B | -2.47B | -2.23B | -2.52B | -1.80B | -672.30M | -773.00M | -697.30M | -865.30M | -561.30M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 1.16B | 2.33B | 3.25B | 1.56B | 2.02B | 2.20B | 1.93B | 968.00M | 1.22B | 1.27B | 1.14B | 1.10B | 1.35B | 793.00M | -2.30B | -1.13B | 1.22B | 1.64B | 1.59B | 1.39B | 1.24B | 1.31B | 259.00M | 1.52B | 1.68B | 1.48B | 1.35B | 1.14B | 1.16B | 1.28B | 534.70M | 438.60M | 234.00M | 162.30M | 145.50M | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 19.68% | 33.17% | 46.23% | 23.98% | 32.71% | 35.30% | 31.80% | 20.36% | 30.03% | 32.33% | 28.96% | 27.12% | 34.58% | 18.49% | -54.31% | -27.41% | 25.02% | 34.21% | 32.62% | 31.67% | 27.69% | 29.04% | 5.69% | 30.81% | 33.14% | 34.20% | 32.80% | 30.05% | 32.43% | 35.89% | 31.29% | 26.88% | 25.66% | 18.81% | 24.77% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 196.00M | 422.00M | 642.00M | 227.00M | 314.00M | 344.00M | 637.00M | 179.00M | 303.00M | 326.00M | 271.00M | 239.00M | 369.00M | 186.00M | -1.04B | 334.00M | 280.00M | 450.00M | 459.00M | 434.00M | 339.00M | 336.00M | 102.00M | 515.00M | 577.00M | 483.00M | 426.00M | 360.00M | 368.50M | 430.00M | 187.50M | 137.40M | 71.00M | 7.10M | 35.50M | -100.10M | -90.90M | -84.10M | -60.30M |
| Net Income | 967.00M | 1.92B | 2.63B | 1.34B | 1.72B | 1.87B | 1.30B | 791.00M | 916.00M | 900.00M | 910.00M | 858.00M | 920.00M | 554.00M | -1.34B | -1.47B | 919.00M | 1.06B | 1.13B | 954.00M | 903.00M | 976.00M | 132.00M | 1.00B | 1.11B | 996.00M | 919.00M | 783.00M | 825.00M | 853.50M | 347.20M | 301.20M | 163.00M | 157.90M | 110.00M | 100.10M | 90.90M | 84.10M | 60.30M |
| Net Income Ratio | 16.41% | 27.26% | 37.30% | 20.69% | 27.77% | 29.90% | 21.38% | 16.64% | 22.51% | 22.88% | 23.10% | 21.25% | 23.66% | 12.92% | -31.55% | -35.48% | 18.83% | 21.97% | 23.19% | 21.77% | 20.13% | 21.60% | 2.90% | 20.35% | 21.79% | 23.03% | 22.41% | 20.58% | 23.11% | 23.87% | 20.32% | 18.46% | 17.87% | 18.30% | 18.73% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 0.89 | 1.95 | 2.66 | 1.28 | 1.63 | 1.79 | 1.21 | 0.85 | 1.09 | 1.03 | 1.00 | 0.91 | 0.99 | 0.63 | -1.91 | -3.26 | 2.34 | 2.61 | 2.76 | 2.32 | 2.14 | 2.29 | 0.31 | 2.32 | 2.47 | 2.25 | 2.09 | 1.70 | 1.76 | 1.76 | 1.75 | 1.21 | 1.24 | 1.18 | 1.18 | 1.05 | 0.94 | 0.90 | 0.78 |
| EPS Diluted | 0.88 | 1.93 | 2.63 | 1.27 | 1.62 | 1.77 | 1.19 | 0.84 | 1.08 | 1.02 | 1.00 | 0.91 | 0.98 | 0.63 | -1.91 | -3.26 | 2.32 | 2.57 | 2.73 | 2.30 | 2.12 | 2.27 | 0.31 | 2.30 | 2.45 | 2.23 | 2.07 | 1.68 | 1.74 | 1.72 | 1.74 | 1.20 | 1.24 | 1.18 | 1.18 | 1.05 | 0.94 | 0.90 | 0.78 |
| Weighted Avg Shares Out | 927.22M | 924.36M | 947.07M | 967.78M | 992.09M | 1.04B | 1.07B | 927.82M | 836.85M | 871.46M | 906.52M | 938.94M | 931.93M | 874.75M | 697.16M | 450.04M | 392.01M | 404.49M | 408.98M | 410.59M | 422.78M | 425.45M | 424.28M | 432.62M | 448.17M | 441.90M | 439.71M | 459.81M | 467.63M | 486.13M | 198.19M | 248.93M | 130.98M | 133.39M | 93.10M | 95.33M | 96.70M | 93.72M | 77.63M |
| Weighted Avg Shares Out (Dil) | 932.76M | 933.06M | 957.41M | 974.81M | 1.00B | 1.05B | 1.09B | 938.54M | 844.49M | 878.20M | 912.57M | 943.26M | 935.80M | 878.15M | 697.16M | 450.04M | 395.82M | 410.22M | 414.01M | 415.43M | 426.16M | 430.70M | 429.57M | 435.57M | 452.36M | 447.44M | 443.96M | 465.67M | 473.10M | 496.02M | 199.58M | 251.00M | 130.98M | 133.39M | 93.10M | 95.33M | 96.70M | 93.72M | 77.63M |
KeyCorp (KEY) Q2 2024 Earnings Call Transcript
KeyCorp (NYSE:KEY ) Q2 2024 Earnings Conference Call July 18, 2024 9:00 AM ET Company Participants Brian Mauney – Director, IR Christopher M. Gorman – Chairman and CEO Clark H.
KeyCorp (KEY) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Although the revenue and EPS for KeyCorp (KEY) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
KeyCorp (KEY) Q2 Earnings Top, Stock Dips on Weak Asset Quality
Higher fee income, a fall in provisions and a higher loan balance aid KeyCorp's (KEY) Q2 earnings, while deteriorating asset quality and a decline in NII act as major spoilsports.
KeyCorp (KEY) Q2 Earnings Surpass Estimates
KeyCorp (KEY) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.27 per share a year ago.
KeyCorp forecasts bigger drop in annual average loans on tepid demand
KeyCorp forecast a bigger drop in average loans in 2024 than previously anticipated on Thursday, and posted a 5% fall in second-quarter profit as costlier deposits eroded the regional lender's interest income, sending its shares down 2% in premarket trading.
Don't buy the dip as the summer slump is officially here, says Goldman strategist
A modest bounce for the Nasdaq Composite could be in the making for Thursday, following the worst one-day percentage drop for the tech index, as a recent rotation out of its biggest companies got amped by concerns the U.S. would...
KEYCORP REPORTS SECOND QUARTER 2024 NET INCOME OF $237 MILLION, OR $.25 PER DILUTED COMMON SHARE
Average deposits up $1.3 billion compared to the prior quarter and the second quarter of 2023, with client deposits up 5% year-over-year Disciplined expense management: expenses declined approximately 6% from the prior quarter and were stable versus the year-ago period...
Fee Income to Aid KeyCorp (KEY) Q2 Earnings, Lower NII to Hurt
Improvement in fee income and lower provisions likely to have supported KeyCorp's (KEY) Q2 earnings amid weak NII performance and higher expenses.
Analysts Estimate KeyCorp (KEY) to Report a Decline in Earnings: What to Look Out for
KeyCorp (KEY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS
CLEVELAND , July 10, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2024: A cash dividend of $0.205 per share on the corporation's outstanding common shares...
Source: https://incomestatements.info
Category: Stock Reports