Discontinued — last reported Q3 '24
Consumer Bank — Net loan charge-offs
KeyCorp Consumer Bank — Net loan charge-offs increased by 20.0% to $54.00M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 50.0%, from $36.00M to $54.00M. Over 2 years (FY 2021 to FY 2023), Consumer Bank — Net loan charge-offs shows relatively stable performance with a 2.4% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Lower charge-offs indicate better credit quality and effective risk management, while higher levels suggest deteriorating loan performance.
Detailed definition
This metric represents the amount of loans in the consumer banking segment that the bank has determined to be uncollecti...
Peer comparison
Standard credit quality metric across the banking industry, often compared as a percentage of total loans.
key_segment_consumer_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 | $34.00M | $35.00M | $21.00M | $22.00M | $23.00M | $17.00M | $21.00M | $24.00M | $32.00M | $36.00M | $40.00M | $44.00M | $45.00M | $54.00M |
| QoQ Change | — | +2.9% | -40.0% | +4.8% | +4.5% | -26.1% | +23.5% | +14.3% | +33.3% | +12.5% | +11.1% | +10.0% | +2.3% | +20.0% |
| YoY Change | — | — | — | — | -32.4% | -51.4% | +0.0% | +9.1% | +39.1% | +111.8% | +90.5% | +83.3% | +40.6% | +50.0% |
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Frequently Asked Questions
- What is KeyCorp's consumer bank — net loan charge-offs?
- KeyCorp (KEY) reported consumer bank — net loan charge-offs of $54.00M in Q3 2024.
- How has KeyCorp's consumer bank — net loan charge-offs changed year-over-year?
- KeyCorp's consumer bank — net loan charge-offs increased by 50.0% year-over-year, from $36.00M to $54.00M.
- What is the long-term trend for KeyCorp's consumer bank — net loan charge-offs?
- Over 2 years (2021 to 2023), KeyCorp's consumer bank — net loan charge-offs has grown at a 2.4% compound annual growth rate (CAGR), from $126.00M to $132.00M.
- What does consumer bank — net loan charge-offs mean?
- The value of loans written off as uncollectible by the consumer bank, minus any recovered amounts.