NYSE$KEY

KeyCorp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net income of $420 million, or $.45 per diluted common share.

KeyCorp reported a net income of $420 million, or $.45 per diluted common share, for Q1 2022. The results reflect strong loan growth, record loan originations from Laurel Road, and strong credit quality. However, noninterest income was adversely impacted by market conditions.

  • Strong loan growth driven by consumer and commercial businesses.
  • Record loan originations from Laurel Road.
  • Net interest income reflects strong loan growth and liquidity deployment.
  • Credit quality remains strong with net charge-offs to average loans of 13 basis points.

Headline financials

Total Revenue

$1.7B

Previous: $1.75B-3.1%
EPS (adj)

$0.45

Previous: $0.61-26.2%
Net Interest Margin

2.5%

Previous: 2.6%-5.7%
Cash Efficiency Ratio

62.4%

Previous: 60.3%+3.5%
Net Charge-offs to Loans

0.1%

Previous: 0.5%-71.7%
CET1 Ratio

9.4%

Previous: 9.8%-4.1%
Return on Tangible Equity

14.1%

Previous: 18.3%-22.6%
Free Cash Flow

$448M

No prior period
Net Income

$448M

Previous: $591M-24.2%
Operating Income

$1.22B

Previous: $618M+97.2%
Gross Profit

$1.61B

Previous: $1.69B-4.7%
Cash & Equivalents

$684M

Previous: $938M-27.1%
Total Assets

$181B

Previous: $176B+2.8%
Stock-Based Comp

$29M

Previous: $26M+11.5%

Revenue & EPS history

KeyCorp · Revenue · Quarterly

$1.7B

Q1 2022-3.1%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

KeyCorp · $1.7B total across 3 segments · Q1 2022

  • Commercial Bank
    $810M-5.6%
  • Consumer Bank
    $799M-7.5%
  • Other
    $87M+210.7%

Forward guidance

This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements do not relate strictly to historical or current facts.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.4%

Avg return

Earnings day

-0.0%

Avg return

5 days after

+3.1%

Avg return

30 days after

49%

36 / 73 earnings

Positive

+8.2%

Q3 2016

Best reaction

-9.4%

Q2 2009

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025-0.3%+2.5%-2.4%
Q1 2026-0.4%+2.5%-2.4%
Q3 2025-5.5%-1.1%-0.6%
Q2 2025+0.4%-0.4%+4.6%
Q1 2025+1.4%+0.7%+18.2%
Q4 2024-5.5%-3.4%-3.9%
Q3 2024-2.0%-3.0%+8.2%
Q2 2024-3.8%-2.2%+1.1%
Q1 2024+1.4%+2.0%+6.7%
Q4 2023+0.7%+4.1%+1.7%
Q3 2023-7.4%-8.1%+15.4%
Q2 2023+0.2%+1.8%-5.1%
Q1 2023-6.4%-15.3%-20.7%
Q4 2022+1.2%+4.0%+11.1%
Q3 2022+2.5%+7.8%+12.9%
Q2 2022-0.6%-2.8%+6.4%
Q1 2022-4.8%-8.5%-15.8%
Q4 2021-3.1%-2.7%+0.2%
Q3 2021+1.3%+0.7%-1.5%
Q2 2021+5.0%+3.3%+6.8%
Q1 2021+0.1%+1.7%+11.8%
Q4 2020-0.5%-4.5%+10.2%
Q3 2020+0.0%-0.6%+17.2%
Q2 2020+2.2%-0.4%-1.6%
Q1 2020+4.8%+0.1%-5.7%
Q4 2019-1.7%-2.7%+0.3%
Q3 2019+0.5%+2.5%+7.2%
Q2 2019+6.2%+6.6%-4.6%
Q1 2019-1.0%+0.1%-2.4%
Q4 2018+0.6%+0.9%+4.5%
Q3 2018-4.8%-7.5%-2.4%
Q2 2018+1.1%+3.2%+6.4%
Q1 2018+5.2%+6.4%+7.3%
Q4 2017-0.5%+1.6%-1.1%
Q3 2017-0.5%-0.6%-1.5%
Q2 2017-5.5%-3.1%-7.8%
Q1 2017+4.5%+7.2%+2.1%
Q4 2016-1.5%-0.4%+4.6%
Q3 2016+8.2%+7.4%+33.7%
Q2 2016-0.9%+0.2%+5.0%
Q1 2016+3.6%
Q4 2015+1.1%
Q3 2015+3.9%
Q2 2015-2.3%
Q1 2015-0.7%
Q4 2014+7.6%
Q3 2014-5.4%
Q2 2014-3.5%
Q1 2014+0.9%
Q4 2013-8.6%
Q3 2013+5.8%
Q2 2013+3.3%
Q1 2013-1.3%
Q4 2012-0.1%
Q3 2012+3.9%
Q4 2011+3.4%
Q2 2012+0.8%
Q1 2012-1.5%
Q3 2011+2.5%
Q2 2011-8.5%
Q1 2011+0.2%
Q4 2009+1.1%
Q4 2010+1.1%
Q3 2010-1.2%
Q2 2010-1.1%
Q1 2009-7.7%
Q1 2010+0.5%
Q4 2007-1.5%
Q3 2009+5.8%
Q3 2008+5.8%
Q2 2008-9.4%
Q2 2009-9.4%
Q4 2008-9.4%

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