secwatch.observer — SEC 8-K summary
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Issuer:     KEYCORP /NEW/ (KEY)
CIK:        0000091576
Form:       8-K
Filed at:   2026-09-25T21:04:18+00:00
Accession:  0001628280-26-063618
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

KeyCorp deck: 1H26 EPS $0.88 (+28% YoY), NII +10%, sees NIM 3.25%+ by 4Q27
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- 1H26 diluted EPS $0.88, up 28% YoY; 2Q26 EPS $0.44. Revenue $3,917M (+8%); NII $2,488M (+10%); noninterest income $1,429M (+5%).
- NIM was 2.89% in 2Q26; guides 3.00-3.05% by 4Q26 and 3.25%+ by 4Q27, citing $30B of low-rate swaps, securities, and residential mortgages repricing through 2027.
- 1H26 ROATCE 13.0%, up 180 bps; cash efficiency ratio 61.1%, improved 190 bps; provision for credit losses $198M, down 23%. 2Q26 NCO ratio 42 bps.
- Record AUM $74B at 6/30/2026; relationship household growth +3% YoY; CET1 ratio 9.8%; allowance for credit losses 1.56% of period-end loans.
- Plans at least $1.3B of 2026 share repurchases ($341M done in 2Q26); May 2026 board authorized up to $3B. Assets $191B, deposits $153B, loans $110B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91576/000162828026063618/0001628280-26-063618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91576/000162828026063618/key-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-063618

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