secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000091576-23-000107
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000107/0000091576-23-000107-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000107/key-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000091576-23-000107

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer