---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-24-000013"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2024-01-18T23:59:59+00:00"
generated_at: "2026-06-06T22:21:30.408517+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000091576-24-000013
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2024-01-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000009157624000013/0000091576-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157624000013/key-20240118.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-24-000013
- JSON: https://secwatch.observer/filing/0000091576-24-000013.json
- Plain text: https://secwatch.observer/filing/0000091576-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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").
  evidence_url: https://www.sec.gov/Archives/edgar/data/91576/000009157624000013/0000091576-24-000013-index.htm

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