KeyCorp Q3 net income $266M ($0.29 EPS) on $1.57B revenue; CET1 ratio rises to 9.8%

KEYCORP /NEW/

2023-Q3 EPS reported $0.85 revenue$4,875,000,000

Net income $266M ($0.29 diluted EPS) vs $250M ($0.27) in Q2 2023 and $513M ($0.55) in Q3 2022.
Net interest margin 2.01%, down 73bps YoY; average deposits up $1.9B QoQ to $144.8B.
Common Equity Tier 1 ratio 9.8%, up 50bps from prior quarter, above target.
Net charge-offs to average loans 24bps; provision for credit losses $81M, down from $167M in Q2.
Declared quarterly dividend $0.205 per common share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

KEYCORP /NEW/ reported financial results for the three- and nine-month period ended September 30, 2023.

Period: the three- and nine-month period ended September 30, 2023
Result: reported results

Exact text from the filing

KeyCorp issued a press release announcing its financial results for the three- and nine-month period ended September 30, 2023

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KEYCORP /NEW/ filing history →

Source: SEC EDGAR

accession 0000091576-23-000121

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