KEYCORP /NEW/ (KEY) Form 10-Q — Nov 3, 2026
KeyCorp reported $537 million of net income from continuing operations attributable to common shareholders, or $0.51 diluted EPS, in the third quarter of 2026, up from $0.41 a year earlier. Net interest income (TE) rose to $1.31 billion with the net interest margin expanding 20 bps year-over-year to 2.95%, while net charge-offs improved to 32 basis points and the CET1 ratio stood at an estimated 11.1%. Assets under management grew 9.7% year-over-year to $74.5 billion. Management tightened its full-year 2026 guidance upward for net interest income (~10% growth), average loans (~5%), and commercial loans (~10%), and lowered its net charge-off outlook to 37-39 bps.
Key figures
- Eps
- 0.51
- Revenue
- $2,052 million (3Q26 total revenue TE)
- Net Income
- $537 million (continuing operations attributable to common shareholders, 3Q26)
- Total Assets
- 193102000000
- Cash Position
- $4.6 billion (parent cash and short-term investments at 9/30/2026)
- Shares Outstanding
- 1055979769
- Aum
- $74.5 billion, up 9.7% YoY
- Cet1 ratio
- 11.1% (estimated)
- Q3 buybacks
- $320 million
- Nim yoy change
- +20 bps
- Alll continuing
- $1,398 million
- Average loans q3
- $111.6 billion
- Net charge offs q3
- 32 bps of average loans
- Average deposits q3
- $151.2 billion
- Clearwater goodwill
- $51 million estimated
- Fy2026 buyback pace
- $1.3 billion
- Medium term targets
- ROTCE 15.0%+, NIM 3.25%+ by end of 2027
- Contingent liquidity
- $90.9 billion
- Net interest margin q3
- 2.95%
- Cost of deposits change
- -31 bps to 1.66%
- Net interest income q3 te
- $1.31 billion
- Series d preferred redeemed
- $525 million
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