secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2023-01-19T23:59:59+00:00
Accession:  0000091576-23-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000013/0000091576-23-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000013/key-20230119.htm
  HTML page:      https://secwatch.observer/filing/0000091576-23-000013

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