---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-23-000013"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2023-01-19T23:59:59+00:00"
generated_at: "2026-06-20T13:43:53.568260+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000091576-23-000013
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2023-01-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000009157623000013/0000091576-23-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157623000013/key-20230119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-23-000013
- JSON: https://secwatch.observer/filing/0000091576-23-000013.json
- Plain text: https://secwatch.observer/filing/0000091576-23-000013.txt

## Key facts
- Earnings Releases
  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
  source text: KEYCORP REPORTS FOURTH QUARTER 2022 NET INCOME OF $356 MILLION, OR $.38 PER DILUTED COMMON SHARE
  evidence_url: https://www.sec.gov/Archives/edgar/data/91576/000009157623000013/0000091576-23-000013-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.