KeyCorp said income from continuing operations attributable to Key common shareholders for Q2 2024 was $237 million ($.25 per diluted share). It said the figure was $183 million ($.20) for Q1 2024 and $250 million ($.27) for Q2 2023.

1. 01

   KeyCorp said income from continuing operations attributable to Key common shareholders for Q2 2024 was $237 million ($.25 per diluted share). It said the figure was $183 million ($.20) for Q1 2024 and $250 million ($.27) for Q2 2023.

2. 02

   The company said taxable-equivalent net interest income for Q2 2024 was $899 million, with a net interest margin of 2.04%. Compared with Q2 2023, net interest income was $87 million lower and the margin fell eight basis points. The company cited lower loan balances and higher deposit costs as factors.

3. 03

   The company said average deposits for Q2 2024 were $144.2 billion, up $1.3 billion from a year earlier, while average loans were $109.0 billion, down $11.7 billion. It linked the loan decline to balance sheet optimization efforts in 2023.

4. 04

   The company said net loan charge-offs for Q2 2024 were $91 million, or 0.34% of average loans. It said its estimated Common Equity Tier 1 ratio was 10.5%, higher than the 10.3% on March 31, 2024.

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

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

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