KeyCorp (KEY) SEC Filings & Earnings Calls

CET1 ratio declined 70 bps y/y to 11.1% due to share repurchases and balance sheet growth.

“Common Equity Tier 1 ratio of 11.1% vs 11.8% a year ago.”

Net charge-offs and nonperforming assets improved; credit quality broadly better.

“Broad-based improvement in credit quality metrics, including lower net charge-offs and nonperforming assets.” · word for word

Exposure to interest rate risk; NII tailwinds depend on rate environment.

“Clearly defined structural NII tailwinds – across a variety of rate scenarios” · word for word

Credit risk from commercial loan growth; NCO guidance 40-45 bps.

“NCOs to average loans 40-45 bps”

Personnel expense growth outpacing revenue growth

“Personnel expense, the largest category of our noninterest expense, increased by $81 million, or 11.5%, for the three months ended June 30, 2026, compared to the same period one year ago.” · word for word

Commercial real estate office exposure

“Our office exposure only represents 4% of commercial real estate loans at period end.” · word for word

Uninsured deposit concentration

“Uninsured deposits totaled $68.8 billion and $66.2 billion at June 30, 2026 and December 31, 2025, respectively.” · word for word

Net charge-offs of 42 bps; allowance coverage ratio declined 4 bps sequentially to 1.56%.

Credit quality remains strong with low NCOs (38bps) and NPAs (63bps), but commercial real estate exposure could be a risk.

“38 bps NCOs / average loans; 63 bps NPAs / loans + OREO”

Elevated economic uncertainty

“The increase in the ALLL from continuing operations primarily reflects the addition of qualitative reserves to account for elevated economic uncertainty driven by geopolitical tensions and potential downside risks from energy price volatility.” · word for word

Wholesale funding increase

“Wholesale funds, consisting of short-term borrowings and long-term debt, totaled $17.1 billion at March 31, 2026, compared to $11.0 billion at December 31, 2025.” · word for word

Credit quality remains strong with low nonperforming assets and net charge-offs

“nonperforming assets were 63 bps and net charge-offs were 38 bps” · word for word

Potential impact from lower interest rates on variable-rate earning assets partially offset NIM benefits

“These benefits were partially offset by the impact of lower interest rates on variable-rate earning assets” · word for word

Credit Loss Cycle Risk

“Net charge-off ratio remained low at 41 bps in 2025” · word for word

Regulatory Compliance Cost

“As a large financial institution, our business is highly regulated at the federal, state, and local levels.” · word for word

Interest Rate Sensitivity

“The Compensation Committee selected Adjusted PPNR instead of Adjusted EPS for the 2025 Annual Incentive Plan, reducing the potential overlap of financial metrics in our short-term and long-term incentive plans.” · word for word

Loss of CIO could temporarily impact technology strategy and operations.

“Resignation of Chief Information Officer due to personal health considerations.”

Credit loss provision increase

“The increase in our provision for credit losses was driven by reserve increases, partly offset by lower net charge-offs. The reserve build in 2025 was largely driven by elevated economic uncertainty and loan growth, both primarily impacting the commercial loan portfolio.” · word for word

Uninsured deposit concentration

“Uninsured deposits totaled $66.2 billion and $64.4 billion at December 31, 2025 and December 31, 2024, respectively.” · word for word

Forward-looking statements subject to risks; no specific guidance provided.

“Presentation includes forward-looking statements and risk factors.”

Increased debt load; interest expense will increase; fixed-to-floating structure introduces rate risk after fixed period.

“$750M debt issuance at 5.305% fixed-to-floating rate due 2037.”

Credit quality stable with NPA decline; FDIC special assessment impact manageable.

“Nonperforming assets decreased 6% quarter-over-quarter; Net charge-offs decreased 3 bps to 39 bps” · word for word

Potential dilution from registration of shares.

“Registration of 161,968,762 common shares.” · word for word

Forward-looking statements subject to risks and uncertainties; actual results may differ materially.

“Actual results may differ materially from current projections.” · word for word

Redemption reduces debt but may reduce liquidity; no material risk disclosed.

“Redemption of senior bank notes; no financial impact quantified.”

No new risk signals; presentation is strategic in nature.

“No material risk disclosures.”