secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0000091576-24-000061
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyCorp Q1 2024 net income $183M ($0.20 EPS); noninterest income up 6% YoY
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- Net income $183M, EPS $0.20, vs $275M ($0.30) YoY; includes $0.02 FDIC special assessment.
- Net interest income $886M, down 19.9% YoY; net interest margin 2.02%, down 45 bps.
- Noninterest income $647M, up 6.4% YoY, driven by record Q1 investment banking fees (+17.2%).
- CET1 ratio 10.3%, up 120 bps YoY; tangible common equity ratio 5.0%.
- Net charge-offs $81M (0.29% of loans) vs $45M (0.15%) YoY; NPLs $658M (0.60% of loans).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157624000061/0000091576-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157624000061/key-20240418.htm
  HTML page:      https://secwatch.observer/filing/0000091576-24-000061

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