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KeyCorp Income Statement

Revenue, expenses, and profitability over time

KeyCorp generated $7.7B in trailing twelve-month revenue, up 0.6% year-over-year. Net income was $1.9B with a 25.41% net margin. Diluted EPS is $1.63, which grew 10.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$7.7BNet Income (TTM)$1.9BEps Diluted (TTM)$1.63
Latest FilingQ1 2026
Report Date2026-05-05
Market Cap$24.1B
P/E Ratio12.39
ROE9.98%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Compensation and benefits$734M$680M$705M$742M$790M$743M
Occupancy and equipment$67M$67M$69M$65M$69M$68M
Other operating expenses$198M$185M$170M$170M$157M$179M
Professional fees$55M$40M$48M$44M$61M$36M
Provision for credit losses$39M$118M$138M$107M$108M$106M
Selling and marketing$33M$21M$24M$22M$28M$18M
Total operating expenses$1.2B$1.1B$1.2B$1.2B$1.2B$1.2B

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from discontinued operations$0.00$0.00$0.00$0.00$0.00$0.00
Net income-$244M$405M$425M$489M$510M$522M
Income from continuing operations-$244M$406M$423M$490M$509M$522M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.29$0.34$0.35$0.41$0.43$0.45
Diluted earnings per share$-0.29$0.33$0.35$0.41$0.43$0.44
Discontinued operations (in dollars per share)$0$0$0$0$0$0
Weighted-average shares, basic949.6M1.1B1.1B1.1B1.1B1.1B
Weighted-average shares, diluted949.6M1.1B1.1B1.1B1.1B1.1B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$413M$515M$539M$602M$648M$658M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense-$169M$109M$116M$112M$139M$136M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$1.1B$974M$966M$947M$863M$783M
Interest income$15M$9M$8M$8M$8M$5M
Other income (expense), net—$7M$1M$8M$7M$18M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net interest income$1.1B$1.1B$1.1B$1.2B$1.2B$1.2B
Net interest income after provision for credit losses$1B$978M$1B$1.1B$1.1B$1.1B
Rental income$15M$9M$14M$11M$9M$8M
Total interest income$2.1B$2.1B$2.1B$2.1B$2.1B$2B
Total noninterest income—$668M$690M$702M$782M$723M
Total revenue$855M$1.8B$1.8B$1.9B$2B$1.9B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Bank Owned Life Insurance Income$36M$33M$32M$35M$40M$34M
Corporate services income$69M$65M$76M$72M$81M$71M
Cards and payments income$85M$82M$85M$86M$84M$86M
Communications And Information Technology$107M$107M$107M$105M$106M$111M
Consumer Mortgage Income$16M$13M$15M$14M$16M$13M
Depreciation, Amortization and Accretion, Net$5M$3M$8M$7M$3M-$5M
Equipment$20M$20M$21M$20M$22M$19M
Fees And Commissions Mortgage Banking And Servicing$68M$76M$70M$73M$68M$62M
Net gains/(losses) on sales of loans$36M$30M$30M$33M$54M$36M
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent-$244M$406M$423M$490M$509M$522M
Income Taxes Paid, Net$0-$1M$5M$24M$43M$43M
Increase (Decrease) in Other Operating Assets and Liabilities, Net—-$300M-$205M-$17M-$11M$46M
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI—$13M$78M-$402M—-$278M
Interest and Dividend Income, Operating$2.1B$2.1B$2.1B$2.1B$2.1B$2B
Interest Income, Held-to-maturity$66M$63M$61M$64M$76M$86M
Interest And Fee Income Loans And Leases Held For Sale$20M$14M$11M$18M$18M$14M
Interest And Fee Income Loans And Leases Held In Portfolio$1.4B$1.4B$1.4B$1.5B$1.4B$1.4B
Interest Expense, Deposits$821M$753M$730M$748M$688M$598M
Federal funds purchased and securities loaned or sold under repurchase agreements$1M$1M$4M$4M$4M$14M
Interest Expense, Long-Term Debt$235M$193M$198M$181M$162M$151M
Interest Expense Short Term Borrowings Excluding Federal Funds And Securities Sold Under Agreements To Repurchase$24M$27M$34M$14M$9M$20M
Interest Income, Available-for-sale$353M$392M$411M$408M$388M$370M
Trading account assets$16M$17M$16M$11M$12M$11M
Interest Income (Expense), after Provision for Loan Loss$1B$978M$1B$1.1B$1.1B$1.1B
Interest Income (Expense), Operating$1.1B$1.1B$1.1B$1.2B$1.2B$1.2B
Interest Income Operating$214M$174M$157M$156M$137M$103M
Interest Income, Other$15M$9M$8M$8M$8M$5M
Interest Paid, Excluding Capitalized Interest, Operating Activity$1B$938M$974M$927M$871M$754M
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions$221M$175M$178M$184M$243M$197M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$2.5B$1B-$4.1B—-$3.8B$4.5B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation$1.2B-$711M$2.7B—$2.4B-$4.6B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.7B-$140M$1.2B$396M$718M-$62M
Noninterest Expense$1.2B$1.1B$1.2B$1.2B$1.2B$1.2B
Total other income—$7M$1M$8M$7M$18M
Occupancy and Related Charges$15M$11M$10M$9M$8M$7M
Lease income — operating leases$15M$9M$14M$11M$9M$8M
Payments of Dividends$238M$265M$263M$264M$262M$259M
Payments to Acquire Held-to-Maturity Securities$0$0——$1.4B$869M
Payments to Acquire Productive Assets$23M$10M$23M$29M$45M$12M
Proceeds from Issuance of Common Stock$5M$2M$1M$2M$4M$5M
Debt issued (Note 13)$81M$833M$578M$73M$72M$1.1B
Proceeds from Life Insurance Policy$17M$19M$11M$26M$30M$23M
Proceeds from Maturities, Prepayments and Calls of Held-to-Maturity Securities$309M$236M$248M$275M$295M$377M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$1B$1.5B$1.7B$1.7B$2.4B$1.2B
Proceeds From Sale Of Loans Held For Sale$3.1B$1.7B$2B$3B$3.3B$2.2B
Repayments of Long-Term Debt$3.4B$701M$1B$1.3B$1.1B$74M
Service charges on deposit accounts$65M$69M$73M$75M$78M$77M
Stock-based compensation$28M$30M$33M$36M$33M$31M
Loans reclassified to held for sale$0$6M———$0
Trust and investment services income$142M$139M$146M$150M$156M$157M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total interest expense (banking)$235M$193M$198M$181M$162M$151M