NYSE$KEY

KeyCorp · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Reported net income of $439 million, or $0.45 per diluted common share, and pursued efficiency initiatives.

KeyCorp reported a net income of $439 million, or $0.45 per diluted common share, for Q4 2019. The company achieved its seventh consecutive year of positive operating leverage, driven by balance sheet growth, fee-based businesses, and expense control. KeyCorp also completed $241 million of common share repurchases during the quarter.

  • Seventh consecutive year of positive operating leverage
  • Positive momentum in core businesses: solid growth in loans and deposits
  • Strong expense management: noninterest expense down 3% from 4Q18
  • Significant capital return: 9% increase in common share dividend and $868 million in share repurchases in 2019

Headline financials

Total Revenue

$1.64B

Previous: $1.65B-0.9%
EPS (adj)

$0.48

Previous: $0.48+0.0%
Net Interest Margin

3.0%

No prior period
Cash Efficiency Ratio

58.7%

No prior period
Net Charge-offs to Loans

0.4%

No prior period
CET1 Ratio

9.4%

No prior period
Leverage Ratio

9.9%

No prior period
Net Income

$469M

Previous: $484M-3.1%
Operating Income

$466M

No prior period
Gross Profit

$1.58B

Previous: $1.6B-1.3%
Cash & Equivalents

$732M

Previous: $678M+8.0%
Total Assets

$145B

Previous: $140B+3.8%
Stock-Based Comp

$24M

Previous: $21M+14.3%

Revenue & EPS history

KeyCorp · Revenue · Quarterly

$1.64B

Q4 2019-0.9%vs Q4 2018
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

KeyCorp · $1.64B total across 3 segments · Q4 2019

  • Consumer Bank
    $825M
  • Commercial Bank
    $771M
  • Other
    $42M

Forward guidance

KeyCorp did not provide specific forward guidance in the Q4 2019 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 Q4 2019

Historical avgQ4 2019

-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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