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KeyCorp logoKeyCorp KEY

The company said income from continuing operations attributable to common shareholders was $370 million (33 per diluted share) for Q1 2025. For Q4 2024, it reported a net loss of $(279) million, and for Q1 2024, the figure was $183 million.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary

  1. The company said income from continuing operations attributable to common shareholders was $370 million (33 per diluted share) for Q1 2025. For Q4 2024, it reported a net loss of $(279) million, and for Q1 2024, the figure was $183 million.

  2. KeyCorp said taxable-equivalent net interest income was $1,105 million for Q1 2025, and its net interest margin was 2.58%. Net interest income rose $44 million from the prior quarter and the margin rose 17 basis points. The company cited lower deposit costs as one of the factors.

  3. The company said its provision for credit losses was $118 million for Q1 2025, compared with $39 million for Q4 2024 and $101 million for Q1 2024. Net loan charge-offs were $110 million, or 0.43% of average total loans.

  4. KeyCorp said its estimated Common Equity Tier 1 ratio was 11.8% as of March 31, 2025. It also said its Board of Directors approved a share repurchase program of up to $1 billion of common shares in March 2025.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Q1 2025 Income from Continuing Operations Attributable to Key Common Shareholders $370 million

The company said income from continuing operations attributable to common shareholders was $370 million (33 per diluted share) for Q1 2025. For Q4 2024, it reported a net loss of $(279) million, and for Q1 2024, the figure was $183 million.

Source · Based on the filing body and exhibits

Net Interest Income and Net Interest Margin in Q1

KeyCorp said taxable-equivalent net interest income was $1,105 million for Q1 2025, and its net interest margin was 2.58%. Net interest income rose $44 million from the prior quarter and the margin rose 17 basis points. The company cited lower deposit costs as one of the factors.

Source · Based on the filing body and exhibits

Credit Metrics: Provision for Credit Losses and Net Charge-Offs

The company said its provision for credit losses was $118 million for Q1 2025, compared with $39 million for Q4 2024 and $101 million for Q1 2024. Net loan charge-offs were $110 million, or 0.43% of average total loans.

Source · Based on the filing body and exhibits

Capital Ratios and $1 billion Share Repurchase Approval

KeyCorp said its estimated Common Equity Tier 1 ratio was 11.8% as of March 31, 2025. It also said its Board of Directors approved a share repurchase program of up to $1 billion of common shares in March 2025.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗
Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.