Discontinued — last reported Q3 '24
Commercial Bank — Net loan charge-offs
KeyCorp Commercial Bank — Net loan charge-offs increased by 54.7% to $99.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 182.9%, from $35.00M to $99.00M. Over 2 years (FY 2021 to FY 2023), Commercial Bank — Net loan charge-offs shows an upward trend with a 17.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase signals deteriorating credit quality or economic stress, while a decrease indicates strong underwriting and a healthy loan portfolio.
Detailed definition
The value of loans in the commercial banking segment that the bank has determined to be uncollectible and has removed fr...
Peer comparison
Standard industry metric for credit risk, comparable across all commercial banking peers.
key_segment_commercial_bank_net_loan_charge_offsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $9.00M | -$6.00M | $0.00 | $11.00M | $21.00M | $27.00M | $25.00M | $21.00M | $20.00M | $35.00M | $35.00M | $37.00M | $64.00M | $99.00M |
| QoQ Change | — | -166.7% | +100.0% | — | +90.9% | +28.6% | -7.4% | -16.0% | -4.8% | +75.0% | +0.0% | +5.7% | +73.0% | +54.7% |
| YoY Change | — | — | — | — | +133.3% | +550.0% | — | +90.9% | -4.8% | +29.6% | +40.0% | +76.2% | +220.0% | +182.9% |
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Frequently Asked Questions
- What is KeyCorp's commercial bank — net loan charge-offs?
- KeyCorp (KEY) reported commercial bank — net loan charge-offs of $99.00M in Q3 2024.
- How has KeyCorp's commercial bank — net loan charge-offs changed year-over-year?
- KeyCorp's commercial bank — net loan charge-offs increased by 182.9% year-over-year, from $35.00M to $99.00M.
- What is the long-term trend for KeyCorp's commercial bank — net loan charge-offs?
- Over 2 years (2021 to 2023), KeyCorp's commercial bank — net loan charge-offs has grown at a 17.1% compound annual growth rate (CAGR), from $81.00M to $111.00M.
- What does commercial bank — net loan charge-offs mean?
- The total amount of debt from loans that the bank has written off as uncollectible, minus any money recovered.