KeyCorp (KEY) Misses Q1 EPS by 1c

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Go back to KeyCorp (KEY) Misses Q1 EPS by 1c

KeyCorp Reports First Quarter 2016 Net Income Of $182 Million, Or $.22 Per Common Share; Earnings Per Common Share Of $.24, Excluding $.02 Of Merger-Related Expense

April 21, 2016 6:31 AM EDT

CLEVELAND, April 21, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) today announced first quarter net income from continuing operations attributable to Key common shareholders of $182 million, or $.22 per common share, compared to $224 million, or $.27 per common share, for the fourth quarter of 2015, and $222 million, or $.26 per common share, for the first quarter of 2015. During the first quarter of 2016, Key incurred merger-related expense totaling $24 million, or $.02 per common share, compared to $6 million in the fourth quarter of 2015. Excluding merger-related expense, earnings per common share were $.24 for the first quarter of 2016.

"While the operating environment... More