---
schema_version: "secwatch.filing_event.v1"
accession: "0000091576-25-000089"
form_type: "8-K"
ticker: "KEY"
cik: "0000091576"
company_name: "KEYCORP /NEW/"
filed_at: "2025-06-10T23:59:59+00:00"
generated_at: "2026-05-19T16:37:11.543449+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KeyCorp highlights commercial banking growth at Morgan Stanley conference; deposits up 38% since 2019

## Summary
- Middle Market avg ROE 17-20% over FY2022-2024; Commercial Payments revenue CAGR 10% over 5 years.
- Total commercial deposits grew 38% to ~$58B from 2019 to 2024; operating deposits improved 800bps to 89%.
- Commercial Payments fees rose 61% to ~$360M in 2024 vs. 2019; merchant fees +85% to ~$210M.
- API clients grew 325% and embedded banking clients grew 71% from Dec 2023 to Mar 2025.
- Client base expanded ~8% to 4.6K Middle Market clients; average client tenure ~15 years.

## SEC filing metadata
- accession: 0000091576-25-000089
- form_type: 8-K
- ticker: KEY
- cik: 0000091576
- company_name: KEYCORP /NEW/
- filed_at: 2025-06-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91576/000009157625000089/0000091576-25-000089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91576/000009157625000089/key-20250610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091576-25-000089
- JSON: https://secwatch.observer/filing/0000091576-25-000089.json
- Plain text: https://secwatch.observer/filing/0000091576-25-000089.txt

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