KeyCorp (KEY) earnings

KEYCORP /NEW/· Financials

Results to: Jun 2026
Latest analysed call: Sep 2026 (Q3 FY26)
Balance sheet to: Dec 2025

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KeyCorp earnings: last reported Tue, 20 Oct 2026, for the quarter ended Sep 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	1,964 $ million	+6.7% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Jun 2026	Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Net profit	509 $ million	+19.8% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Jun 2026

Guidance

What management said, and what became of it

30 of 37 judged targets kept · 34 open · verdicts reflect calls analysed to Jun 2026.

KEYCORP /NEW/ management guidance track record on Inve: 71 targets tracked across analysed earnings calls (30 achieved, 7 missed, 34 open).

Target	Original wording	Said	Latest call	Verdict
Elimination of brokered deposits	take broker deposits basically to zero by the middle of 2026	Dec 2025	No later analysed call mentions it.	Ghosted
Full-year 2026 average commercial loan growth	about 5%	Dec 2025	Jun 2026:average commercial loans are now expected to increase 8% to 10% this year Call transcript, Jun 2026 · no direct link	Revised Up
First-quarter 2026 investment banking fee growth versus the record first quarter of 2025	grow investment banking fees off the record first quarter of 2025	Dec 2025	Mar 2026:Investment banking and debt placement fees were $197 million, an increase of 13% year-over-year and a new first quarter record Call transcript, Mar 2026 · no direct link	Achieved

Source: Inve Guidance Tracker for KEYCORP /NEW/ · to Jun 2026

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

7 of KEYCORP /NEW/'s 71 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 68 more targets are in the full ledger.

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Price

$21.08 −0.61% · −$0.13

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance +20.7% 1Y

1Y: $17.47 on 22 Oct 2025 → $21.08. High $23.99 (16 Jul 2026), low $17.12 (17 Nov 2025).

Previous close: $21.21
52-week range: $17.12 – $23.99
One year: +20.32%

Overview

Symbol: KEY
Sector: Financials
Exchange: US
Currency: USD

Guidance

What management said, and what became of it

30 of 37 judged targets kept · 34 open · verdicts reflect calls analysed to Jun 2026.

KEYCORP /NEW/ management guidance track record on Inve: 71 targets tracked across analysed earnings calls (30 achieved, 7 missed, 34 open).

Target	Original wording	Said	Latest call	Verdict
Elimination of brokered deposits	take broker deposits basically to zero by the middle of 2026	Dec 2025	No later analysed call mentions it.	Ghosted
Full-year 2026 average commercial loan growth	about 5%	Dec 2025	Jun 2026:average commercial loans are now expected to increase 8% to 10% this year Call transcript, Jun 2026 · no direct link	Revised Up
First-quarter 2026 investment banking fee growth versus the record first quarter of 2025	grow investment banking fees off the record first quarter of 2025	Dec 2025	Mar 2026:Investment banking and debt placement fees were $197 million, an increase of 13% year-over-year and a new first quarter record Call transcript, Mar 2026 · no direct link	Achieved

Source: Inve Guidance Tracker for KEYCORP /NEW/ · to Jun 2026

The full ledger

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Financials

What the filings say

Net profit, year on year: +20% (quarter to jun 2026 against jun 2025).

In $ million. Oldest period first.

Line item	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	695	865	1,773	1,840	1,895	2,005	1,953	1,964
Profit before tax	-506	-413	515	539	602	648	658	647
Tax rate	18.8%	40.9%	21.2%	21.5%	18.6%	21.4%	20.7%	21.5%
Net profit	-410	-244	405	425	489	510	522	509
EPS ($ per share)	-0.47	—	0.34	0.35	0.41	—	0.45	0.44

Source: Inve data · income statement, quarterly · to Jun 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	1,257	1,257	1,257	1,257	1,257	1,257	1,257	1,257
Reserves	11,556	12,469	12,751	14,553	15,616	15,672	14,584	15,359
Total liabilities	124,017	127,950	152,355	168,923	176,359	173,644	168,992	164,000
Fixed assets	882	814	753	681	636	661	614	628
Investments	2,562	1,272	16,194	11,010	2,432	10,817	17,504	10,163
Total assets	139,613	144,988	170,336	186,346	189,813	188,281	187,168	184,381

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	2,506	2,906	1,673	1,153	4,469	2,903	664	2,208
Cash from investing	-2,482	-4,918	-24,721	-15,068	-10,934	1,417	2,497	3,219
Cash from financing	-17	2,066	23,407	13,737	6,439	-4,266	-2,359	-5,883
Net cash flow	7	54	359	-178	-26	54	802	-456
Capital expenditure	-99	-85	-63	-66	-96	-142	-65	-107
Free cash flow	2,407	2,821	1,610	1,087	4,373	2,761	599	2,101

Source: Inve data · cash flow · to Dec 2025

KEY revenue by segment

KEY revenue by business segment, share of consolidated revenue by quarter
Segment	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q1 FY2026	Q2 FY2026	YoY growth latest quarter
Corporate Banking	53%	48%	53%	54%	53%	52%	55%	52%	+3.5%
Community Banking	47%	52%	47%	46%	47%	48%	45%	48%	+8.0%

Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.

See how segments are shifting across companies → Segment Shift

KEY operating KPIs by quarter

KEY operating KPIs stated on its earnings calls, by fiscal quarter
KPI	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)	$70B Assets under management remained stable at $70 billion. Source: earnings call transcript	$74B In 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.

Insider filings

86 filings between Nov 18, 2025 and Oct 1, 2026.

Open market

decisions to buy or sell

Purchases

None

No insider bought shares.

Sales

$5.16M

6 sales by 5 insiders

Compensation

not trading decisions

37: Option exercise — converted options into shares
14: Tax withheld — shares kept back by the company to cover tax

Also filed: 27 dispositions to the issuer, 2 gifts.

Who traded

open market only

Insider	Bought	Sold	Last filing
Mago Angela G	—	$1.85M	May 8, 2026
Paine Andrew J III	—	$1.53M	Feb 6, 2026
Evans Trina M	—	$710.8K	Jan 22, 2026
Ramani Mohit	—	$568.5K	Jul 22, 2026
Gile Elizabeth R.	—	$500.0K	Jun 3, 2026

Latest filings (50)

Date	Insider	What	Shares	Value
Oct 1, 2026	Snyder Barbara R Director	Option exercise	1,417	—
Oct 1, 2026	Snyder Barbara R Director	Option exercise	1,526	—
Sep 21, 2026	Gorman Christopher M. Chairman and CEO	Gift	29,821	$0
Jul 22, 2026	Ramani Mohit Chief Risk Officer	Sale	25,000	$568.5K
Jul 7, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	176,803	$4.10M
Jul 1, 2026	Snyder Barbara R Director	Option exercise	20,168	—
Jul 1, 2026	CUTLER ALEXANDER M Director	Option exercise	26,893	—
Jul 1, 2026	Snyder Barbara R Director	Option exercise	1,526	—
Jul 1, 2026	VASOS TODD J Director	Option exercise	27,385	—
Jun 30, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	238,461	$5.52M
Jun 23, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	205,976	$4.68M
Jun 16, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	277,182	$6.13M
Jun 9, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	355,338	$7.55M
Jun 3, 2026	Gile Elizabeth R. Director	Sale	23,946	$500.0K
May 27, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	162,692	$3.46M
May 19, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	220,354	$4.66M
May 12, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	235,628	$5.14M
May 11, 2026	Hipple Richard J Director	Disposition to issuer	9,059	$194.0K
May 11, 2026	Hipple Richard J Director	Option exercise	18,118	—
May 11, 2026	Snyder Barbara R Director	Option exercise	18,118	—
May 11, 2026	Snyder Barbara R Director	Disposition to issuer	9,059	$194.0K
May 11, 2026	Hayes Robin Director	Disposition to issuer	9,059	$194.0K
May 11, 2026	Hayes Robin Director	Option exercise	18,118	—
May 11, 2026	Highsmith Carlton L Director	Disposition to issuer	9,059	$194.0K
May 11, 2026	Highsmith Carlton L Director	Option exercise	18,118	—
May 11, 2026	Dallas H James Director	Option exercise	18,118	—
May 11, 2026	Dallas H James Director	Disposition to issuer	9,059	$194.0K
May 8, 2026	Mago Angela G Chief Human Resources Officer	Option exercise	22,826	$432.8K
May 8, 2026	Mago Angela G Chief Human Resources Officer	Sale	22,826	$494.4K
May 5, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	231,847	$5.09M
Apr 28, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	251,736	$5.54M
Apr 21, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	49,921	$1.10M
Apr 1, 2026	Snyder Barbara R Director	Option exercise	1,391	—
Apr 1, 2026	Snyder Barbara R Director	Option exercise	1,526	—
Mar 17, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	183,268	$3.56M
Mar 3, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	408,070	$8.63M
Feb 18, 2026	BANK OF NOVA SCOTIA Director	Disposition to issuer	440,551	$9.89M
Feb 17, 2026	Alexander Victor B Head of Consumer Bank	Tax withheld	6,845	$148.5K
Feb 17, 2026	Alexander Victor B Head of Consumer Bank	Option exercise	23,132	—
Feb 17, 2026	Waters James L General Counsel and Secretary	Tax withheld	7,390	$160.3K
Feb 17, 2026	Mago Angela G Chief Human Resources Officer	Tax withheld	12,412	$269.2K
Feb 17, 2026	Mago Angela G Chief Human Resources Officer	Option exercise	32,561	—
Feb 17, 2026	Paine Andrew J III Head of Institutional Bank	Tax withheld	13,413	$290.9K
Feb 17, 2026	Paine Andrew J III Head of Institutional Bank	Option exercise	44,557	—
Feb 17, 2026	Evans Trina M Director, Corporate Center	Tax withheld	4,078	$88.5K
Feb 17, 2026	Waters James L General Counsel and Secretary	Option exercise	24,205	—
Feb 17, 2026	Evans Trina M Director, Corporate Center	Option exercise	13,094	—
Feb 17, 2026	Brady Amy G. Chief Information Officer	Tax withheld	8,413	$182.5K
Feb 17, 2026	Brady Amy G. Chief Information Officer	Option exercise	27,806	—
Feb 17, 2026	Gorman Christopher M. Chairman and CEO	Tax withheld	51,080	$1.11M

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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