KeyCorp

KEY

Market cap $23.1B

KeyCorp delivered a strong Q1 2026, exceeding analyst expectations on both revenue and EPS. KEY's net interest margin improved to 2.87%, while non-interest income was boosted by investment banking and trust services growth. Despite solid asset quality and profitability, KEY trades at fair value, with valuation multiples only modestly attractive versus peers.

KeyCorp (KEY) Q1 2026 Earnings Call Transcript

KeyCorp remains a 'Buy' after a strong Q1, with clear earnings growth and a robust capital position. KEY's margin expansion is driven by aggressive deposit repricing, loan mix shift, and fixed-rate reinvestment tailwinds. Credit quality is well-insulated with 2.56x NPL coverage and prudent private credit structuring.

While the top- and bottom-line numbers for KeyCorp (KEY) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

KeyCorp (KEY) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.33 per share a year ago.

KeyCorp tops Q1 earnings estimates on rising NII and fee income, supported by loan growth and lower provisions, though higher expenses and mixed capital ratios weigh.

Revenue of $1.95 billion, up 10% year-over-year, with noninterest income up 8% Net interest income up 11% year-over-year and 1% quarter-over-quarter despite seasonality impact; net interest margin of 2.87% increased 5 bps sequentially Period-end loans up $2.6 billion quarter-over-quarter, with commercial loans up $3.3 billion or 4% Credit quality remains strong - nonperforming assets were 63 bps and net charge-offs were 38 bps Common Equity Tier 1 ratio of 11.4% (a) ; repurchased $389 million of common shares during the quarter CLEVELAND, April 16, 2026 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced net income from continuing operations attributable to Key common shareholders of $486 million, or $0.44 per diluted common share, for the first quarter of 2026. For the fourth quarter of 2025, net income from continuing operations attributable to Key common shareholders was $474 million, or $0.43 per diluted common share, or adjusted net income of $458 million, or $0.41 per diluted common share.

KEY heads into Q1 results, with solid loan growth, rising fee income and strong trading and IB activity, boosting NII outlook despite mortgage weakness.

Get a deeper insight into the potential performance of KeyCorp (KEY) for the quarter ended March 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.

New research shows homeownership feels out of reach for one in four Americans, but banks and financial education can help close the gap CLEVELAND, April 13, 2026 /PRNewswire/ -- Homeownership remains a cornerstone of the American dream; however, according to KeyBank's 2026 Financial Mobility Pulse Poll, 25% of Americans say homeownership currently feels out of reach. Some keys to closing this gap?