---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-24-000104"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:31:59.857085+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# KeyCorp Q3 GAAP net loss $(0.47)/share; adjusted EPS $0.30; receives $821M Scotiabank tranche

## Summary
- GAAP net loss $(447)M ($(0.47)/diluted) vs. prior Q $0.25; includes $(737)M after-tax securities repositioning charge.
- Adjusted net income $290M ($0.30/diluted); net interest income up 7% QoQ to $964M; NIM 2.17%.
- Received initial $821M of $2.8B Scotiabank strategic investment; CET1 ratio 10.8%, TCE ratio 6.2%.
- Average loans $106.2B down 9.7% YoY; average deposits $147.8B up 2.0% YoY; cost of deposits 2.39%.
- Provision for credit losses $95M; net charge-offs 0.58% of avg loans; nonperforming loans 0.69% of loans.

## SEC filing metadata
- accession: 0000091576-24-000104
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/91576/000009157624000104/0000091576-24-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157624000104/key-20241017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-24-000104
- JSON: https://secwatch.observer/filing/0000091576-24-000104.json
- Plain text: https://secwatch.observer/filing/0000091576-24-000104.txt

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