NYSE$KEY
KeyCorp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
KeyCorp reported second quarter results reflecting a durable relationship-based business model, sound risk management, and a strong balance sheet.
KeyCorp reported a net income of $250 million, or $0.27 per diluted common share, for the second quarter of 2023. The results reflect a strong balance sheet with period-end deposits up $1.0 billion compared to the prior quarter, solid credit quality, and disciplined expense management.
- Net income from continuing operations attributable to Key common shareholders was $250 million, or $.27 per diluted common share.
- Period-end deposits increased by $1.0 billion compared to the prior quarter.
- Net charge-offs to average loans were 17 basis points, indicating solid credit quality.
- Expenses were down 9% from the prior quarter and relatively stable versus the year-ago period, demonstrating disciplined expense management.
Headline financials
Revenue & EPS history
KeyCorp · Revenue · Quarterly
$1.6B
Revenue by segment
KeyCorp · $1.6B total across 3 segments · Q2 2023
- Commercial Bank$805M-4.6%50.5%
- Consumer Bank$803M-2.5%50.3%
- Other-$13M-110.5%-0.8%
Forward guidance
KeyCorp did not provide specific forward guidance in this earnings report. The CEO expressed confidence in the long-term outlook for Key and its ability to deliver value to stakeholders.
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 Q2 2023
-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% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro