KeyBank expands partnership with an equity investment in Qolo to collaborate on banking innovationCLEVELAND, June 3, 2025 /PRNewswire/ -- KeyBank (NYSE: KEY) today announced a strategic partnership with Qolo, a pioneer of payment cycle management solutions. This partnership, along with the launch of KeyVAM® announced last year, marks the most recent in KeyBank's decade-long strategy of investing in and partnering with emerging fintech providers. Qolo's cutting-edge solutions have been validated by KeyBank's ...

Financial Data and Key Metrics Changes - The company reported a record first quarter in its investment banking segment, with expectations of a 10% year-over-year increase for the first half of the year [10] - The average FICO score of consumers at booking is 790, indicating strong consumer health [6] - Non-interest bearing accounts for retail customers are 26% above pre-COVID levels [7] - The company expects a 20% increase in net interest income (NII) for the year, with half attributed to balance sheet restructuring [47][49] Business Line Data and Key Metrics Changes - The commercial banking segment has seen double-digit growth over the past four years, with 90% of deposits tied to operating accounts [8] - C&I loans increased by approximately $1.5 billion in the first quarter, with similar growth expected in the second quarter [12] - The wealth management business has $61 billion in assets under management (AUM) [7] Market Data and Key Metrics Changes - The company has about $74 billion in C&I loans, with an estimated $1.5 billion potentially impacted by tariffs [18] - The company has a strong presence in mature markets with affluent demographics, which supports its consumer banking strategy [36] Company Strategy and Development Direction - The company has focused on targeted scale and has exited non-core businesses, such as indirect auto loans and vendor finance [32][33] - KeyCorp is concentrating on asset-light businesses, including investment banking and mass affluent wealth management [30] - The company aims to enhance its payments business by providing integrated solutions for middle-market companies [44] Management's Comments on Operating Environment and Future Outlook - Management believes the U.S. economy is not heading into a recession and may even be accelerating [21] - There is optimism regarding loan growth and the overall business environment despite uncertainties related to tariffs and geopolitical events [12][20] - The company is well-capitalized and has significant liquidity, positioning it favorably for future growth [26][46] Other Important Information - The company has a strategic minority investment from Scotiabank, which has enhanced its capital base and growth potential [46] - Management is focused on maintaining a balance between organic growth, dividends, and share repurchases, with a preference for share buybacks given the current stock valuation [91][92] Q&A Session Summary Question: How does KeyCorp view the current economic environment? - Management expressed confidence in the strength of their consumer base and the overall economy, noting that clients are in a strong position despite uncertainties [6][21] Question: What are the key growth areas for KeyCorp? - KeyCorp is focusing on its consumer banking, investment banking, and payments business as primary growth areas [30][34] Question: How does KeyCorp plan to utilize its excess capital? - The company plans to support client growth, invest in technology and people, and consider share repurchases rather than increasing dividends [88][91] Question: What is the outlook for loan growth and credit risk? - Management is optimistic about loan growth and believes that their customer base is solid enough to handle potential economic challenges [12][84]

CLEVELAND, May 12, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced plans to host conference calls to review quarterly financial results on the following dates: Fourth quarter 2025 – Tuesday, January 20th, 2026 at 8 a.m. ET First quarter 2026 – Thursday, April 16th, 2026 at 10 a.m. ET Second quarter 2026 – Tuesday, July 21st, 2026 at 9 a.m. ET Third quarter 2026 – Tuesday, October 20th, 2026 at 8 a.m. ET Fourth quarter 2026 – Wednesday, January 20th, 2027 at 10 a.m. ETThe financial results are sched ...

CLEVELAND, May 9, 2025 /PRNewswire/ -- Key Family Wealth, the multi-family office division of Key Wealth, was named "Best Family Wealth Solution" for its enhanced legacy planning services at the 2025 Family Wealth Report (FWR) awards. Cathy O'Malley Kearney, national head of Key Private Bank, was also recognized with a leadership award, 'Woman in Wealth Banking' for her leadership in the wealth management industry.The annual FWR awards recognizes the most innovative and exceptional firms, teams and individu ...

Table of contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-11302 KeyCorp Exact name of registrant as specified in its charter: Ohio 34-6542451 127 Public Square, Cleveland, Ohio 441 ...

Core Insights - KeyBank has launched the Certified Cash Flow Advisor Program to enhance its service offerings for small-to-midsize businesses, focusing on a consultative approach to address complex financial needs [1][4] - The program aims to empower business owners by providing tailored solutions that improve efficiency and profitability in areas such as payments, receivables, and liquidity management [3][4] Company Overview - KeyBank, headquartered in Cleveland, Ohio, has approximately $189 billion in assets as of March 31, 2025, and operates a network of around 1,000 branches and 1,200 ATMs across 15 states [6][7] - The bank provides a wide range of financial services, including deposit, lending, cash management, and investment services, as well as corporate and investment banking products [7] Program Details - The Certified Cash Flow Advisor Program was launched in 2024 and equips KeyBank professionals with a framework for engaging business owners in meaningful discussions, termed 'Key Conversations' [2] - By the end of March 2025, approximately 900 KeyBank advisors have completed the certification process, with around 285 more in progress, indicating a significant investment in enhancing advisory services [3] Strategic Approach - KeyBank's approach emphasizes an advice-driven philosophy, aiming to strengthen relationships with business owners and support their long-term success in a complex financial landscape [5] - The program represents a shift from traditional banking to a more strategic partnership model, focusing on collaborative financial guidance rather than solely product-driven solutions [4][5]

State of the art museum with interactive exhibits highlights the bank's 200-year history and shows that yesterday, today, and tomorrow, Key will be here to serve clients and communitiesCLEVELAND, April 30, 2025 /PRNewswire/ -- Today, as part of its bicentennial celebration, KeyBank (NYSE: KEY) held a grand opening at its new Heritage Center in Cleveland. As part of the celebration, KeyCorp Chairman and CEO Chris Gorman took part in a ribbon cutting with Key teammates and local dignitaries. L to R: Cuyah ...

Group 1 - KeyCorp's shares have shown mixed performance over the past year, trading essentially flat, but have been negatively impacted since Q4 highs due to market turmoil and tariff fears [1] - The company reported solid quarterly results recently, indicating potential resilience despite external challenges [1]

Highlights Despite tariff-induced macroeconomic uncertainty, KeyCorp's commercial payments business is experiencing strong momentum, indicating resilience within its corporate client base. KeyCorp's credit quality remains strong, with nonperforming assets and the NPL ratio declining sequentially. Management noted that some corporate clients may pause on new transactional activity and projects. KeyCorp’s latest earnings results showed growth in deposits, while management pointed to momentum in pa ...

Core Viewpoint - KeyCorp reported strong first-quarter 2025 adjusted earnings per share of 33 cents, exceeding estimates and reflecting a 50% increase year-over-year, driven by higher non-interest income, net interest income, and lower expenses, despite a decline in loan and deposit balances [1][2]. Financial Performance - Net income from continuing operations attributable to common shareholders was $370 million, significantly up year-over-year, excluding a $22 million after-tax loss on the sale of securities [2]. - Total revenues rose 15.7% year-over-year to $1.77 billion, surpassing the Zacks Consensus Estimate of $1.76 billion [3]. - Net interest income (NII) increased 24.7% to $1.11 billion year-over-year, with net interest margin (NIM) rising 56 basis points to 2.58% [4]. - Non-interest income was $668 million, up 3.2% year-over-year, driven by increases in most fee income components [5]. - Non-interest expenses declined 1% to $1.13 billion, attributed to reductions in operating lease expenses and professional fees [6]. Loans and Deposits - Average total deposits were $148.54 billion, slightly down from the previous quarter, primarily due to seasonal decreases in commercial deposit balances [7]. - Average total loans were $104.35 billion, also down from the past quarter, mainly due to decreases in commercial mortgage real estate loans and consumer loans [7]. Credit Quality - Net loan charge-offs as a percentage of average total loans rose 14 basis points year-over-year to 0.43%, while the allowance for loan and lease losses was $1.43 billion, down 7.3% [8]. - Non-performing assets increased to 0.67%, up 6 basis points year-over-year, with the provision for credit losses rising 16.8% to $118 million [8]. Capital Ratios - KeyCorp's tangible common equity to tangible assets ratio improved to 7.4% as of March 31, 2025, up from 5% in the same period of 2024 [9]. - The Tier 1 risk-based capital ratio increased to 13.5%, up from 12%, and the Common Equity Tier 1 ratio rose to 11.8%, up from 10.3% [9]. Strategic Outlook - The company anticipates that decent loan balances, balance sheet repositioning efforts, strategic buyouts, and relatively higher interest rates will support revenues in the near term, although rising funding costs may exert pressure [10].