Welcome to our dedicated page for Keycorp news (Ticker: KEY), a resource for investors and traders seeking the latest updates and insights on Keycorp stock.
KeyCorp (NYSE: KEY) generates a steady flow of news as one of the nation’s larger bank-based financial services companies. Headquartered in Cleveland, Ohio, the company highlights a 200-year history that it marked with a bicentennial in 2025, and its announcements reflect both its consumer and commercial banking activities as well as its capital markets capabilities.
News related to KeyCorp often covers interest rate and funding actions, such as changes to the prime lending rate by KeyCorp and its banking affiliates or the redemption of senior bank notes issued by KeyBank National Association. These items provide insight into how the organization manages its balance sheet, funding costs, and lending benchmarks.
Investors and analysts can also expect earnings and financial performance updates, including quarterly net income, revenue composition, net interest margin, deposit trends, loan balances, and asset quality metrics. These releases typically discuss both net interest income and noninterest income components such as trust and investment services, investment banking and debt placement fees, cards and payments income, and service charges on deposit accounts.
Another frequent category of news involves corporate and investment banking activity under the KeyBanc Capital Markets name. Announcements may describe financing facilities, credit arrangements, or advisory roles for clients such as energy storage developers or other companies in selected industries, illustrating how KeyCorp participates in capital markets transactions for middle market clients.
KeyCorp also issues releases about dividend declarations on its common shares and various series of preferred stock, as well as communications around investor presentations at financial services conferences. For users following KEY news, this page offers a centralized view of these developments, helping track how the company’s banking operations, capital markets activities, and capital management decisions evolve over time.
KeyCorp (NYSE: KEY) reported a net income of $601 million, or $.64 per diluted share, for Q4 2021, a slight decrease from $616 million in Q3 2021. Compared to Q4 2020, the earnings grew from $549 million. Key achieved record revenues in both quarter and year, with strong growth in consumer loans and commercial business. The company returned 75% of net income to shareholders. However, net interest income declined due to reduced reinvestment yields, notably impacted by the exit of the indirect auto loan portfolio.
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KeyCorp (NYSE: KEY) announced its schedule for upcoming quarterly conference calls to review financial results in 2022. The calls are set for:
- Fourth Quarter 2021: January 20 at 8:00am ET
- First Quarter 2022: April 21 at 8:00am ET
- Second Quarter 2022: July 21 at 8:00am ET
- Third Quarter 2022: October 20 at 8:00am ET
The financial results will be released prior to market openings on designated dates. Access to live webcasts and other materials will be available on KeyCorp's investor relations website.
KeyBank has enhanced its client experience through a significant investment in nCino's technology. The nCino Bank Operating System® will now support KeyBank's small business banking, improving transparency and client engagement. As part of this expansion, KeyBank aims to offer a comprehensive view of clients' financial health, especially in light of ongoing economic challenges from the Covid-19 pandemic. A recent survey indicated that 42% of business owners prioritize financial planning as they prepare for potential economic shifts.
KeyCorp (NYSE: KEY) will present at the Goldman Sachs U.S. Financial Services Conference on December 7, 2021, at 10:40 a.m. ET. CEO Chris Gorman and CFO Don Kimble will discuss the company's performance, strategy, and outlook. The event will be available via live webcast and can be accessed later for a re-broadcast. With assets totaling approximately $187.0 billion as of September 30, 2021, KeyCorp operates over 1,000 branches and offers a range of financial services across 15 states.
KeyBank National Association has acquired XUP Payments, a digital platform focused on B2B payments. This acquisition aims to enhance client onboarding and service experiences, building on a successful prior partnership. By integrating XUP's technology, KeyBank seeks to advance its embedded banking strategy and improve its commercial product offerings. The acquisition follows several fintech partnerships and enhances KeyBank's status as a leader in financial innovation, aiming to provide best-in-class payment experiences.
KeyCorp (NYSE: KEY) will announce its fourth quarter 2021 earnings on January 20, 2022, before market opening. A conference call at 8:00 a.m. ET will discuss financial results, strategy, and outlook. KeyCorp, headquartered in Cleveland, Ohio, holds approximately $187.0 billion in assets as of September 30, 2021. The company serves individuals and businesses across 15 states through its network of 1,000 branches and around 1,300 ATMs.
KeyCorp (NYSE: KEY) will present at the BancAnalysts Association of Boston Conference on November 4, 2021, at 9:40 a.m. ET in Boston, Massachusetts. KeyCorp's executive team, including Victor Alexander, Jamie Warder, and Don Kimble, will discuss the company's performance, strategy, and future outlook. Investors can access the live audio webcast and presentation materials at www.key.com/ir. KeyCorp has nearly 200 years of history and approximately $187.0 billion in assets as of September 30, 2021.
KeyCorp (KEY) reported a net income of $616 million in Q3 2021, or $.65 per diluted share, reflecting a 11.7% decline from Q2 2021 but a 55.2% increase from Q3 2020. Revenue rose to $1.822 billion, up 8% year-over-year, driven by strong performances in consumer loans and investment banking. Key's credit quality remained robust, with nonperforming loans decreasing to $554 million. The bank initiated an accelerated share repurchase program, supported by capital relief from the sale of its indirect auto loan portfolio. The Common Equity Tier 1 ratio stood at 9.6%.
KeyBank reported a substantial increase in its SBA lending during FY 2021, extending 947 loans totaling $434 million, more than doubling its unit approvals from 2020. This achievement secured KeyBank a top 10 ranking among over 1,700 lenders and marked a record-breaking year for the bank. Additionally, through the Paycheck Protection Program, KeyBank processed around 70,000 loans amounting to $11 billion. KeyBank continues to rank among the top SBA lenders nationally, having provided over $2 billion in financing since 2015.