KeyCorp (KEY) Tops Q3 EPS by 2c

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Go back to KeyCorp (KEY) Tops Q3 EPS by 2c

KEYCORP REPORTS THIRD QUARTER 2023 NET INCOME OF $266 MILLION, OR $.29 PER DILUTED COMMON SHARE

October 19, 2023 6:30 AM EDT

Strong balance sheet with significant capital build: Common Equity Tier 1 of 9.8%(a), up 50 basis points from the prior quarter and above targeted range

Focus on relationships and balance sheet optimization drives reduction in risk-weighted assets, down $7 billion(b), compared to the prior quarter

Increased average deposits and continued to strengthen liquidity and funding, average deposits up $2 billion compared to the prior quarter

Growth in noninterest income; noninterest income represents approximately 40% of total... More