KeyCorp Q4 net income $30M (EPS $0.03) includes $209M charges; revenue down 19% YoY

KEYCORP /NEW/

2023-FY EPS reported $0.88 revenue$6,413,000,000

Net income of $30M ($0.03 diluted EPS) vs $356M ($0.38) in Q4 2022; includes $209M in after-tax charges (FDIC assessment, efficiency costs, pension settlement).
Total revenue (TE) $1,538M, down 19% YoY; net interest income (TE) $928M, NIM 2.07% vs 2.73% in Q4 2022.
Noninterest expense $1,372M, up 18.7% YoY driven by $190M FDIC special assessment and $67M efficiency-related expenses.
Average loans $113.9B, down 3.2% YoY; average deposits $145.1B, nearly flat. CET1 ratio 10.0% (estimated), above target.
Declared Q1 2024 dividend of $0.205 per common share; exceeded full-year balance sheet optimization goal of $14B risk-weighted asset reduction.

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 0.9

KEYCORP /NEW/ reported financial results for the three- and twelve-month period ended December 31, 2023.

Period: the three- and twelve-month period ended December 31, 2023
Result: reported results

Exact text from the filing

On January 18, 2024, KeyCorp issued a press release announcing its financial results for the three- and twelve-month period ended December 31, 2023 (the "Press Release"), and posted on its website its fourth quarter 2023 Supplemental Information Package (the "Supplemental Information Package").

View on SEC.gov

Browse all earnings releases →

KEYCORP /NEW/ filing history →

Source: SEC EDGAR

accession 0000091576-24-000013

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.