KEY Keycorp

$KEY Q3 EPS came in at 51 cents vs 46 cents expected (Zacks), on record revenue of 2.04 billion dollars, up 8.4% YoY. Net interest margin was 2.95%, up 20bp from a year ago. Commercial Bank carried it. Segment income rose 22% in the quarter to 516 million dollars, investment banking and debt placement fees jumped 27% sequentially to 214 million, and C&I loans grew 13.9% YoY. Consumer Bank income was basically flat at 211 million though, and part of the Commercial jump is credit: its provision fell to 8 million from 67 million last quarter.

$KEY KeyCorp, the Cleveland-based bank with ~$193B in assets, grew Q3 2026 diluted EPS 24% YoY, but book value per share fell 7.3% in the quarter to $15.01 as its accumulated other comprehensive loss widened to $3.87B from $2.35B. That non-cash mark sits in equity, not earnings; $3.22B of it, from securities and pension, cut marked CET1 to 9.0% from 9.8%, under its 9.5-10% long-term target. Other side: AOCI is excluded from regulatory CET1, still 11.1%, and 2026 charge-off guidance fell to 37-39 bps from 40-45. Next: Q4 margin exit rate guided ~3.00%.

$KEY Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $0.51 up 24.39% YoY • Reported revenue of $2.05B up 8.28% YoY • KeyCorp expressed confidence in achieving and sustaining a return on tangible common equity of 15%+ by the end of 2027; quantified revenue, margin, and earnings guidance was not provided.

$KEY Reports Q3 Tuesday before the open. Consensus is 0.46 dollars in EPS on 2.03 billion dollars in revenue, up 12.2% and 7.6% from a year ago, and estimates have been revised up about 1.2% over the last 30 days. The growth is modeled pretty broad. Net interest income at 1.29 billion dollars vs 1.18 billion a year ago, investment banking fees at 207 million vs 184 million, cards and trust income both up too. Stock is down 4.5% over the past month though, and KeyCorp has beaten the EPS number four straight quarters.