KeyCorp (KEY) reported third quarter net income from continuing operations to shareholders of $454 million, or $0.41 per share compared to a net loss from continuing operations of $447 million, or $0.47 per share, a year ago. Adjusted net income was $450 million, or $0.41 per share, compared to adjusted net income of $285 million, or $0.30 per share, last year. Analysts on average expected the company to report profit per share of $0.38, for the quarter. Analysts' estimates typically exclude special items.
Taxable-equivalent net interest income was $1.19 billion, up 23.8% from last year. Taxable-equivalent total revenue was $1.90 billion, up 172.7%. Adjusted taxable-equivalent revenue was $1.90 billion compared to $1.61 billion. Analysts on average had estimated $1.88 billion in revenue.
Chairman and CEO, Chris Gorman, said: "We are on track to deliver record revenue in 2025. We will continue to deliver outsized EPS growth. We will reach a 15% or better return on tangible common equity within the next few years."
Shares of KeyCorp are up 1% in pre-market trade on Thursday.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.