KEYCORP /NEW/ — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
KeyCorp reported Q3 2026 net income of $537M ($0.51 diluted EPS), up 24% YoY. Record revenue reached $2.04B (up 8% YoY), driven by net interest income of $1.3B (up 10% YoY) with NIM expanding 20 bps YoY to 2.95%. The bank repurchased $320M in common stock at $22.57/share and achieved 15%+ return on tangible common equity. Credit metrics improved: nonperforming assets declined 19 bps to 0.55%, net charge-offs fell 10 bps to 0.32%, and provision for credit losses decreased to $61M. Average deposits grew $3.6B sequentially; average loans rose $1.5B, driven by commercial & industrial growth (+3.7% avg).
Why this rating
Strong earnings growth (24% EPS YoY) and record revenue reflect solid execution, but represent ~2.8% of $19.4B market cap annually. Ordinary bank operating results with no material M&A, restructuring, or strategic shifts.
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