earnings
confidence high
sentiment negative
materiality 0.75
KeyCorp Q2 net income $250M ($0.27 EPS); revenue down 11% YoY, deposits up $1B QoQ
KEYCORP /NEW/
2023-Q2 EPS reported
$0.57
revenue$3,309,000,000
- Net income $250M vs $504M YoY; diluted EPS $0.27 vs $0.54.
- Total revenue $1.595B, down 11% YoY; net interest margin 2.12% vs 2.61%.
- Period-end deposits grew $1.0B QoQ to $145.1B; average deposits down $4.6B YoY.
- Expenses down 9% QoQ to $1.076B; provision for credit losses $167M (up 271% YoY).
- CET1 ratio 9.2%; net charge-offs 0.17% of avg loans; declared $0.205 common dividend.