KEYCORP LOWERS ITS PRIME LENDING RATE TO 6.75 PERCENT

KeyCorp (NYSE: KEY) said it is lowering its prime lending rate to 6.75% from 7.00%, effective Dec. 11, 2025.

Rhea-AI Summary

KeyCorp (NYSE: KEY) said it is lowering its prime lending rate to 6.75% from 7.00%, effective Dec. 11, 2025.

The announcement notes KeyBank is headquartered in Cleveland and reported approximately $187 billion in assets as of Sept. 30, 2025. Key provides deposit, lending, cash management and investment services in 15 states through about 1,000 branches and 1,200 ATMs, and operates corporate and investment banking under the KeyBanc Capital Markets name.

KeyCorp is marking its 200th anniversary in 2025.

Positive

• Prime lending rate lowered to 6.75% from 7.00% effective Dec. 11, 2025
• Reported total assets of $187 billion as of Sept. 30, 2025

Negative

• None.

Argus Dec 10 session

+2.70% close to close Open Argus

Details

News Market Reaction – KEY

On Dec 10, the day this news came out, KEY closed 2.70% above the previous close.

Data tracked by StockTitan Argus for the Dec 10 session.

Market Context

This announcement highlights KeyCorp’s decision to lower its prime lending rate to 6.75% from 7.00%,...

Analysis

This announcement highlights KeyCorp’s decision to lower its prime lending rate to 6.75% from 7.00%, effective December 11, 2025, within the context of a large regional footprint and assets of about $187 billion. Recent developments have included debt redemption, regular dividends, and active investor communications. Investors monitoring the story may focus on how this rate change interacts with margin trends, loan growth, and future disclosures in earnings or investor presentations.

Key Figures

New prime rate: 6.75% Prior prime rate: 7.00% Total assets: $187 billion +5 more

New prime rate

6.75%

Prime lending rate effective Dec. 11, 2025

Prior prime rate

7.00%

Previous prime lending rate before reduction

Total assets

$187 billion

Assets at Sept. 30, 2025

Years in operation

200 years

Bicentennial celebrated in 2025

Branch network

≈1,000 branches

KeyBank network across served states

ATM network

≈1,200 ATMs

KeyBank ATM network

Footprint states

15 states

KeyBank operating footprint

Effective date

Dec. 11, 2025

Date new prime lending rate takes effect

Historical Context

5 past events · Latest: Dec 05

5 events

1. Dec 05

   Investor presentation

   24h Move

   +0.8%

   HoldCo released presentation addressing strategy and capital positioning.

2. Dec 02

   Conference appearance

   24h Move

   -1.8%

   CEO scheduled to discuss performance, strategy, and outlook at conference.

3. Nov 25

   Debt redemption

   24h Move

   +2.7%

   Announced redemption of 4.700% senior bank notes due January 2026.

4. Nov 20

   Dividend declaration

   24h Move

   +3.1%

   Declared Q4 2025 cash dividend on common and preferred shares.

5. Nov 20

   Macro survey

   24h Move

   -0.4%

   Released middle-market survey on expected impact of OBBBA legislation.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

prime lending rate, derivatives, fdic

3 terms

prime lending rate financial

"have lowered their prime lending rate to 6.75 percent from 7.00 percent"

The prime lending rate is the interest rate banks typically charge their most creditworthy customers for loans; think of it as the store price that lenders offer to their best buyers. It matters to investors because many consumer and business loan rates, mortgages and corporate borrowing costs are tied to that rate, so changes act like a ripple that affects company profits, consumer spending and overall market valuations.

derivatives financial

"public and private debt and equity, syndications and derivatives to middle"

Derivatives are financial contracts whose value depends on the price or performance of another asset, such as a stock, bond, commodity, currency or interest rate. Investors use them to hedge against risk, to speculate on future price moves, or to gain exposure without owning the asset — like buying insurance or placing a leveraged bet — so they can both protect portfolios and magnify gains or losses, affecting risk and market liquidity.

View in glossary

fdic regulatory

"For more information, visit https://www.key.com/. KeyBank Member FDIC."

The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that protects individual and business bank deposits by insuring accounts up to a set limit, acting like a safety net for savers if a bank fails. It matters to investors because FDIC insurance reduces the chance of sudden losses for depositors, supports confidence in the banking system, and can influence the perceived risk and stock value of banks and financial firms.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Add on Google Not now

CLEVELAND, Dec. 10, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) and its banking affiliates have lowered their prime lending rate to 6.75 percent from 7.00 percent, effective tomorrow, Dec. 11, 2025.

About KeyCorp

In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from Maine to Alaska. To learn more, visit KeyBank Heritage Center. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $187 billion at Sept. 30, 2025. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.

View original content to download multimedia:https://www.prnewswire.com/news-releases/keycorp-lowers-its-prime-lending-rate-to-6-75-percent-302638428.html

SOURCE KeyCorp

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What change did KeyCorp (KEY) announce to its prime rate on Dec. 10, 2025?

KeyCorp announced the prime lending rate will be lowered to 6.75% from 7.00%, effective Dec. 11, 2025.

When does KeyCorp's new prime rate of 6.75% take effect for KEY customers?

The lower prime rate takes effect on Dec. 11, 2025.

How large is KeyCorp (KEY) by assets reported in the announcement?

The company reported approximately $187 billion in assets as of Sept. 30, 2025.

How extensive is KeyBank's branch and ATM network referenced in the KEY announcement?

KeyBank operates about 1,000 branches and approximately 1,200 ATMs across 15 states.

Does the Dec. 10, 2025 notice mention any other KeyCorp milestones for 2025?

Yes, the company is celebrating its 200th anniversary in 2025.