secwatch.observer — SEC 8-K summary
======================================

Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2025-01-21T23:59:59+00:00
Accession:  0000091576-25-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157625000014/0000091576-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157625000014/key-20250121.htm
  HTML page:      https://secwatch.observer/filing/0000091576-25-000014

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