secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0000091576-25-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

KeyCorp Q1 net income $370M, EPS $0.33; revenue up 16% YoY, NIM expands to 2.58%
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- Net income $370M ($0.33 diluted EPS) vs $183M ($0.20) YoY; adjusted EPS $0.33 vs $0.22 YoY.
- Revenue $1.773B (TE) up 15.7% YoY; net interest income $1.105B up 24.7% YoY; NIM 2.58% up 56bps.
- Noninterest expense $1.131B down 1% YoY; nonperforming assets down 9% QoQ; net charge-offs 0.43% of avg loans.
- CET1 ratio 11.8% (est.) vs 10.3% YoY; tangible common equity to tangible assets 7.4% vs 5.0% YoY.
- Board authorized new $1B share repurchase program; declared $0.205/share quarterly dividend.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000009157625000050/0000091576-25-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000009157625000050/key-20250417.htm
  HTML page:      https://secwatch.observer/filing/0000091576-25-000050

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