---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-23-000107"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T06:07:54.855610+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KeyCorp Q2 net income $250M ($0.27 EPS); revenue down 11% YoY, deposits up $1B QoQ

## Summary
- 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.

## SEC filing metadata
- accession: 0000091576-23-000107
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2023-07-20T23:59:59+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/91576/000009157623000107/0000091576-23-000107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157623000107/key-20230720.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-23-000107
- JSON: https://secwatch.observer/filing/0000091576-23-000107.json
- Plain text: https://secwatch.observer/filing/0000091576-23-000107.txt

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