KEY KeyCorp (KEY) Q1 FY26 earnings call
KeyCorp delivered a strong Q1 FY26, marked by significant EPS and revenue growth, disciplined expense management, and expanding net interest margin. The company raised its full-year NII and loan growth guidance, supported by robust commercial loan activity and proactive capital return through share repurchases. Management highlighted the potential capital benefits from the proposed Basel III Endgame and continued strategic investments in technology and talent, while remaining vigilant on macro uncertainties.
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KEY operating KPIs by quarter
| KPI | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Net interest margin | 2.87%Net interest margin expanded 5 basis points sequentially to 2.87% as we remain on track to exceed 3% net interest margin by year-end.Source: earnings call transcript | — | 2.95%Taxable equivalent NII was up 4% and net interest margin of 2.95% increased 6 basis points from the prior quarter.Source: earnings call transcript | — |
| Assets under management (AUM) | $70BAssets under management remained stable at $70 billion.Source: earnings call transcript | $74BIn wealth, assets under management reached another record $74 billion.Source: earnings call transcript | — | +5.7% |
| Common equity tier 1 ratio (CET1) | 11.4%Our CET1 ratio was 11.4% and our marked CET1 ratio was 10% at quarter end.Source: earnings call transcript | 11.2%Our CET1 ratio was 11.2% and our marked CET1 ratio was 9.8% at quarter end.Source: earnings call transcript | 11.1%Our CET1 ratio was 11.1%, and our March CET1 ratio was 9% at current.Source: earnings call transcript | -0.1 pt |
| Common equity tier 1 ratio (CET1) Marked | 10%Our CET1 ratio was 11.4% and our marked CET1 ratio was 10% at quarter end.Source: earnings call transcript | 9.8%Our CET1 ratio was 11.2% and our marked CET1 ratio was 9.8% at quarter end.Source: earnings call transcript | — | -0.2 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.