Workflow
KEYCORP ANNOUNCES SHARE REPURCHASE PROGRAM
KEYKeyp(KEY) Prnewswire· Prnewswire·2025-03-13 20:30

Core Viewpoint - KeyCorp has authorized a share repurchase program allowing the company to buy back up to 1.0billionofitscommonshares,whichwillcommenceinthesecondhalfof2025[1][2].Group1:ShareRepurchaseProgram−ThesharerepurchaseprogramwillenableKeyCorptopurchasesharesintheopenmarketorthroughprivatelynegotiatedtransactions[1].−Thetiming,price,andnumberofsharesrepurchasedwillbedeterminedbyKeyCorpbasedonvariousfactors,includingmarketconditionsandcorporateliquidity[2].Group2:CompanyOverview−KeyCorpiscelebratingitsbicentennialin2025,marking200yearsofserviceacrosstheUnitedStates[4].−AsofDecember31,2024,KeyCorphadapproximately1.0 billion of its common shares, which will commence in the second half of 2025 [1][2]. Group 1: Share Repurchase Program - The share repurchase program will enable KeyCorp to purchase shares in the open market or through privately negotiated transactions [1]. - The timing, price, and number of shares repurchased will be determined by KeyCorp based on various factors, including market conditions and corporate liquidity [2]. Group 2: Company Overview - KeyCorp is celebrating its bicentennial in 2025, marking 200 years of service across the United States [4]. - As of December 31, 2024, KeyCorp had approximately 187 billion in assets, making it one of the largest bank-based financial services companies in the nation [4]. - The company operates approximately 1,000 branches and 1,200 ATMs, providing a range of financial services including deposit, lending, and investment services [5].