KeyCorp said net interest income (TE) for Q1 2025 was $1.1 billion and net interest margin was 2.58%. Compared to Q1 2024, net interest income (TE) increased $219 million and net interest margin increased 56 basis points.

10-QQuarterly reportFiled May 6, 2025Period of report Mar 31, 2025Summary published (UTC) Oct 11, 2026

Key points

AI summary

KeyCorp said net interest income (TE) for Q1 2025 was $1.1 billion and net interest margin was 2.58%. Compared to Q1 2024, net interest income (TE) increased $219 million and net interest margin increased 56 basis points.
The company said average loans for Q1 2025 were $104.4 billion, a decrease of $6.7 billion from the year-ago quarter, and average deposits were $148.5 billion, an increase of $5.7 billion from the year-ago quarter.
KeyCorp said its provision for credit losses was $118 million for Q1 2025, compared to $101 million for Q1 2024. The company cited higher net loan charge-offs and the impact of uncertainty in the economic outlook as factors, partly offset by improved credit migration trends.
The company said net income attributable to Key for Q1 2025 was $118 million for Consumer Bank (compared to $41 million for the year-ago quarter) and $321 million for Commercial Bank (compared to $205 million for the year-ago quarter).

Key figures

Quarter ended March 31, 2025

Revenue: $1.8B
Net income: $405M
EPS: $0.33
Operating cash flow: −$140M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Changes in Net Interest Income (TE) and Net Interest Margin

KeyCorp said net interest income (TE) for Q1 2025 was $1.1 billion and net interest margin was 2.58%. Compared to Q1 2024, net interest income (TE) increased $219 million and net interest margin increased 56 basis points.

Source · Based on the MD&A text of the filing

Decrease in Average Loans and Increase in Average Deposits

The company said average loans for Q1 2025 were $104.4 billion, a decrease of $6.7 billion from the year-ago quarter, and average deposits were $148.5 billion, an increase of $5.7 billion from the year-ago quarter.

Source · Based on the MD&A text of the filing

Increase in Provision for Credit Losses and Company Explanation

KeyCorp said its provision for credit losses was $118 million for Q1 2025, compared to $101 million for Q1 2024. The company cited higher net loan charge-offs and the impact of uncertainty in the economic outlook as factors, partly offset by improved credit migration trends.

Source · Based on the MD&A text of the filing

Segment Net Income: Consumer Bank and Commercial Bank

The company said net income attributable to Key for Q1 2025 was $118 million for Consumer Bank (compared to $41 million for the year-ago quarter) and $321 million for Commercial Bank (compared to $205 million for the year-ago quarter).

Source · Based on the MD&A text of the filing

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 ↗

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