secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000091576-23-000121
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000121/0000091576-23-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157623000121/key-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000091576-23-000121

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