KeyCorp ( (KEY) ) has released its Q3 earnings. Here is a breakdown of the information KeyCorp presented to its investors.
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KeyCorp, a major financial services company based in Cleveland, Ohio, operates in the banking sector, providing a range of services including deposit, lending, and investment services across 15 states. In its third-quarter 2025 earnings report, KeyCorp announced a net income of $454 million, or $0.41 per diluted share, marking a significant turnaround from a net loss in the same quarter last year. The company’s revenue rose to $1.9 billion, a 17% increase year-over-year, driven by growth in net interest income and noninterest income.
Key financial metrics showed positive trends, with net interest income increasing by 4% quarter-over-quarter and a net interest margin of 2.75%. Average deposits grew by 2%, while deposit costs decreased slightly. Nonperforming assets decreased by 6%, reflecting improved credit quality. The company also reported a 23.8% increase in net interest income compared to the previous year, supported by strategic portfolio repositioning and favorable loan and deposit mix.
In addition to financial performance, KeyCorp highlighted strategic investments in technology and frontline banking staff, aiming to drive future growth. The company achieved record assets under management of $68 billion, and investment banking fees showed strong performance. The bank’s capital ratios remained robust, exceeding regulatory benchmarks, with a Common Equity Tier 1 ratio of 11.8%.
Looking ahead, KeyCorp’s management expressed confidence in achieving record revenue for 2025 and continued EPS growth. The company plans to maintain active management of its business and balance sheet to achieve a return on tangible common equity of 15% or better in the coming years.