---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-25-000014"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2025-01-21T23:59:59+00:00"
generated_at: "2026-05-27T22:50:18.625158+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KeyCorp Q4 2024 GAAP net loss $279M, adjusted EPS $0.38; CET1 rises to 12%

## Summary
- Q4 GAAP net loss $(279)M, $(0.28)/share; adjusted net income $378M, $0.38/share.
- Revenue $865M, down 44% YoY (GAAP) but adjusted revenue up 16% YoY on higher NII and fees.
- Completed $3B securities portfolio repositioning in Q4; NII up 10% linked quarter to $1.061B.
- Scotiabank minority investment received regulatory approval and closed; CET1 ratio improved 120bps to 12.0%.
- Net charge-offs fell 26% QoQ to $114M; criticized loans down 7%; dividend declared $0.205/share.

## SEC filing metadata
- accession: 0000091576-25-000014
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2025-01-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000009157625000014/0000091576-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157625000014/key-20250121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-25-000014
- JSON: https://secwatch.observer/filing/0000091576-25-000014.json
- Plain text: https://secwatch.observer/filing/0000091576-25-000014.txt

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