---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-23-000121"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:32:38.213696+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000091576-23-000121
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000009157623000121/0000091576-23-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157623000121/key-20231019.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-23-000121
- JSON: https://secwatch.observer/filing/0000091576-23-000121.json
- Plain text: https://secwatch.observer/filing/0000091576-23-000121.txt

## Key facts
- Earnings Releases
  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
  source text: KeyCorp issued a press release announcing its financial results for the three- and nine-month period ended September 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/91576/000009157623000121/0000091576-23-000121-index.htm

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