KeyCorp · Q4 2022 earnings

Briefing

Reported net income of $356 million, or $.38 per diluted common share, driven by loan and deposit growth and solid credit quality.

KeyCorp reported a net income of $356 million, or $.38 per diluted common share, for Q4 2022. The results reflect a provision for credit losses of $265 million and are supported by loan and deposit growth across commercial and consumer businesses. The company also demonstrated solid credit quality with net charge-offs to average loans of 14 basis points.

• Net income from continuing operations attributable to Key common shareholders was $356 million, or $.38 per diluted common share.
• Provision for credit losses of $265 million, which exceeded net charge-offs by $224 million, or $.20 per share
• Loan and deposit growth across commercial and consumer businesses.
• Solid credit quality with net charge-offs to average loans of 14 basis points.

Headline financials

Revenue & EPS history

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. Forward-looking statements usually can be identified by the use of words such as “goal,” “objective,” “plan,” “expect,” “assume,” “anticipate,” “intend,” “project,” “believe,” “estimate,” or other words of similar meaning.