KEY KeyCorp (KEY) Q2 FY26 earnings call
KeyCorp delivered strong Q2 FY26 results, driven by robust commercial loan growth and sequential NIM expansion, leading to increased full-year guidance for revenue and net interest income. The company remains focused on disciplined capital deployment, client acquisition, and strategic investments, while navigating a competitive deposit environment and idiosyncratic credit migrations. Management expressed confidence in achieving long-term ROTCE targets, supported by strong pipelines and a strategic focus on relationship-based client growth.
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KEY operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | This call 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.