Citable filing context
KEY's research view summarizes recent SEC filing context, starting with debt_offering from Aug 14, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 14, 2026 | debt_offering | KeyCorp announced the redemption of all 525,000 outstanding depositary shares of Series D Preferred Stock for $525 million. |
| Jul 21, 2026 | earnings | KeyCorp reported second quarter 2026 net income of $472 million, or $0.44 per diluted common share. |
| Jun 10, 2026 | debt_offering | KeyCorp updated its Medium-Term Note Program to issue Senior (Series U) and Subordinated (Series V) notes. |
| Jul 21, 2026 | Guidance: return_on_tangible_common_equity | not reported to 15.00 |
| Jun 3, 2026 | Guidance: adjusted_noninterest_expense | 3.00 to 4.00 |
| Jun 3, 2026 | Guidance: adjusted_noninterest_income | 5.00 to 6.00 |
| Aug 4, 2026 | mda_quarterly | KeyCorp reported net income from continuing operations of $472 million, or $0.44 per diluted share, for the second quarter of 2026. The company’s performance was bolstered by an 8% growth in fee-based businesses—specifically investment banking, commercial payments, and wealth management—during the first half of the year. Assets under management rose 15.5% year-over-year to $74.2 billion, driven by favorable market conditions. KeyCorp’s balance sheet reflects a strategic shift toward higher-yielding commercial and industrial loans, which grew 8.7% since year-end 2025. Conversely, the company is intentionally reducing its consumer loan portfolio. Net interest margin improved to 2.89%, supported by proactive deposit beta management and the reinvestment of maturing low-yield securities into higher-yielding assets. Despite an increase in nonperforming assets due to idiosyncratic exposures in commercial and multifamily real estate, management maintains that broader portfolio performance remains within expectations. Capital discipline remains a priority, with a Common Equity Tier 1 (CET1) ratio of 11.2% and $341 million in share repurchases during the quarter. KeyCorp has raised its full-year 2026 outlook, now projecting 7–8% revenue growth and 8–10% growth in average commercial loans, reflecting strong pipelines and continued client acquisition despite ongoing macroeconomic and geopolitical uncertainties. |
| May 5, 2026 | mda_quarterly | KeyCorp reported net income from continuing operations of $486 million, or $0.44 per diluted share, for the first quarter of 2026. The company’s performance was underpinned by a 12% year-over-year growth in priority fee-based businesses, specifically investment banking, commercial payments, and wealth management. Assets under management reached $69.8 billion, a 14.3% increase driven by net positive cash inflows. Net interest income (TE) rose to $1.23 billion, with the net interest margin expanding 29 basis points to 2.87% compared to the prior-year quarter. This improvement resulted from lower deposit costs, proactive deposit beta management, and a favorable shift toward higher-yielding commercial and industrial loans. Average commercial loans grew 9.1% year-over-year, while consumer loans declined due to intentional runoff of low-yielding assets. Risk management remains a core focus, with a Common Equity Tier 1 ratio of 11.4%. While net charge-offs decreased to $101 million, the provision for credit losses reflects qualitative reserves for geopolitical and energy price volatility. The company maintains a strong liquidity position, with $96.1 billion in available contingent liquidity. Management expects full-year 2026 revenue to grow approximately 7%, with net interest income projected to increase 9% to 10% over 2025 levels. |
Source: SEC EDGAR filing text and events; period Aug 14, 2026; filed Aug 14, 2026.
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