KeyCorp Q4 net income $356M ($0.38 EPS); loan growth 18% YoY, provision $265M

KEYCORP /NEW/

2022-FY EPS reported $1.93 revenue$7,272,000,000

Net income $356M, EPS $0.38 diluted, down 41% YoY from $0.64 and 31% QoQ from $0.55.
Total revenue $1.898B nearly flat YoY; net interest margin 2.73%, up 29bps from 2.44% a year ago.
Provision for credit losses surged to $265M from $4M YoY, reflecting loan growth and economic outlook.
Average loans grew 18.4% YoY to $117.7B; deposits declined 3.5% YoY to $145.7B.
Dividend raised 5% to $0.205/share; CET1 ratio remained at 9.1%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KEYCORP /NEW/ reported the three- and twelve-month period ended December 31, 2022 results: net income $356 million, EPS $.38 per diluted common share.

Period: the three- and twelve-month period ended December 31, 2022
Net income: $356 million
EPS: $.38 per diluted common share
Result: reported results

Exact text from the filing

KEYCORP REPORTS FOURTH QUARTER 2022 NET INCOME OF $356 MILLION, OR $.38 PER DILUTED COMMON SHARE

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Source: SEC EDGAR

accession 0000091576-23-000013

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