NYSE$KEY
KeyCorp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported net income of $183 million, with $0.20 earnings per share.
KeyCorp reported a solid start to 2024 with net income of $183 million, driven by strong investment banking performance and well-controlled expenses. Customer deposits increased, and key capital ratios improved.
- Net income from continuing operations attributable to Key common shareholders was $183 million, or $0.20 per diluted common share.
- Noninterest income increased by 6% year-over-year and linked quarter, driven by strength in investment banking and debt placement fees.
- The company continued to strengthen its balance sheet by reducing reliance on wholesale funding and higher cost brokered deposits.
- Common Equity Tier 1 ratio increased 120 basis points year-over-year to 10.3%.
Headline financials
Revenue & EPS history
KeyCorp · Revenue · Quarterly
$1.53B
Revenue by segment
KeyCorp · $1.57B total across 3 segments · Q3 2023
- Consumer Bank$791M-11.2%50.5%
- Commercial Bank$790M-11.1%50.4%
- Other-$15M-114.2%-1.0%
Forward guidance
Key is back to playing offense. I remain excited for our future and believe our strong foundation positions us to deliver sound, profitable growth moving forward.
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 2024
-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
| Quarter | Report date | Reaction (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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