KeyCorp (KEY) Q3 FY2026 earnings

Reported results

• Net income from continuing operations attributable to Key common shareholders: $537 million, or $0.51 per diluted common share (GAAP), up 24% year-over-year
• Total revenue (taxable-equivalent, non-GAAP): $2,052 million, up 8% year-over-year and 4% sequentially
• Net interest margin (taxable-equivalent, non-GAAP): 2.95%, up 20 basis points year-over-year and 6 basis points sequentially
• Return on average tangible common equity from continuing operations (non-GAAP): 15.11%, up from 12.51% year-over-year
• Average deposits increased $3.6 billion sequentially to $151.2 billion; average loans held for investment increased $1.5 billion sequentially
• Investment banking and debt placement fees: $214 million, up 27% sequentially and 16.3% year-over-year

Guidance

• Company expects to achieve and sustain a return on tangible common equity of 15%+ by the end of 2027

Notes

The release includes non-GAAP measures (taxable-equivalent net interest income, return on average tangible common equity, cash efficiency ratio, pre-provision net revenue, adjusted measures) with GAAP reconciliations provided. Common Equity Tier 1 ratio of 11.1% and tangible common equity to tangible assets of 6.9% are estimated as of September 30, 2026. All per-share figures are on a diluted basis.

Price and volatility reaction

The stock moved +4.5% on the print. No front-expiry chain was on file, so there is no straddle expected move.

Source

The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.