secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0000091576-23-000062
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyCorp Q1 net income $275M ($0.30 EPS) down 34.5% YoY; margin compresses
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- Net income $275M ($0.30 diluted EPS) vs $420M ($0.45) YoY, down 34.5%.
- Total revenue (TE) $1.714B up 1.1% YoY; net interest margin 2.47% down 26 bps QoQ.
- Provision for credit losses $139M, up 67.5% YoY; net charge-offs 0.15% of avg loans.
- Average loans $119.8B up 15.5% YoY; average deposits $143.4B down 4.5% YoY.
- CET1 ratio 9.1%; dividend $0.205/share; $752M remaining in buyback authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000062/0000091576-23-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000062/key-20230420.htm
  HTML page:      https://secwatch.observer/filing/0000091576-23-000062

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