Prnewswire·2026-01-20 11:30Core Insights - KeyCorp reported a record full-year revenue of $7.5 billion, reflecting a 16% year-over-year increase, with fourth-quarter revenue exceeding $2 billion [1][3][31] - The company achieved a net income of $474 million for the fourth quarter of 2025, compared to a net loss of $(279) million in the same quarter of 2024 [2][36] - KeyCorp's strong performance is attributed to strategic investments in technology and front-line bankers, leading to significant organic growth [5][40] Financial Performance - Fourth-quarter pre-provision net revenue increased by $46 million quarter-over-quarter, with a full-year increase of 44% year-over-year [1][3] - Net interest income rose by 3% quarter-over-quarter, with a net interest margin of 2.82%, up 7 basis points [1][9] - Noninterest income for the fourth quarter was $782 million, an increase of 11.4% from the previous quarter [12][40] Asset Quality - Nonperforming assets decreased by 6% quarter-over-quarter, with net charge-offs down to 39 basis points [1][22] - KeyCorp's allowance for credit losses was $1.7 billion, stable compared to previous quarters, reflecting improving credit quality trends [24][25] Capital Management - The Common Equity Tier 1 ratio stood at 11.7%, with the company repurchasing $200 million of common shares during the quarter [2][26] - KeyCorp's capital ratios exceeded regulatory benchmarks, indicating a strong capital position [26][28] Business Segments - The Consumer Bank segment generated $948 million in revenue, a 1.4% increase from the previous quarter, while the Commercial Bank segment reported $1.1 billion in revenue, up 9.4% [31][37] - Investment banking and debt placement fees recorded strong performance, contributing to the overall revenue growth [5][40] Future Outlook - The company anticipates continued organic revenue and earnings growth in 2026, supported by strong business momentum and strategic investments [5][40]