NYSE$KEY

KeyCorp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported net income of $513 million, or $.55 per diluted common share for the third quarter of 2022.

KeyCorp reported a net income of $513 million, or $.55 per diluted common share, for Q3 2022. Revenue increased from the previous quarter and year-ago period, driven by loan growth in commercial and consumer businesses. Credit quality remained strong, and the company achieved positive operating leverage.

  • Net income from continuing operations attributable to Key common shareholders was $513 million, or $.55 per diluted common share.
  • Revenue increased from the prior quarter and year-ago period.
  • Continued loan growth was driven by commercial and consumer businesses.
  • Strong credit quality was maintained, with net charge-offs to average loans of 15 basis points.

Headline financials

Total Revenue

$1.89B

Previous: $1.82B+3.5%
EPS (adj)

$0.55

Previous: $0.66-16.7%
Net Interest Margin

2.7%

No prior period
Net Charge-offs to Loans

0.1%

Previous: 0.1%+36.4%
CET1 Ratio

9.1%

Previous: 9.6%-5.2%
Return on Tangible Equity

21.2%

No prior period
Free Cash Flow

$542M

Previous: $645M-16.0%
Net Income

$542M

Previous: $645M-16.0%
Operating Income

$1.19B

Previous: $1.29B-7.6%
Gross Profit

$1.78B

Previous: $1.72B+3.6%
Cash & Equivalents

$717M

Previous: $763M-6.0%
Total Assets

$190B

Previous: $187B+1.6%
Stock-Based Comp

$30M

Previous: $26M+15.4%

Revenue & EPS history

KeyCorp · Revenue · Quarterly

$1.89B

Q3 2022+3.5%vs Q3 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

KeyCorp · $1.89B total across 3 segments · Q3 2022

  • Consumer Bank
    $891M+2.4%
  • Commercial Bank
    $889M-0.2%
  • Other
    $106M+73.8%

Forward guidance

No forward guidance was provided in the earnings report.

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 Q3 2022

Historical avgQ3 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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