The earnings call presented a positive outlook with strong revenue growth, improved credit metrics, and successful execution of strategic goals such as commercial loan growth and asset management. However, challenges remain with increased operating expenses and uncertainties leading to higher loan loss reserves. Overall, the call illustrated a confident stance towards achieving full-year targets and capitalizing on growth opportunities.

Company Guidance -

Q3 2025

In the second quarter of 2025, KeyCorp reported robust financial results amidst a dynamic macroeconomic environment. The company achieved an earnings per share of $0.35, bolstered by a 21% year-over-year increase in revenues, despite a 6% rise in expenses excluding a charitable contribution. Key metrics included a $36 million addition to loan loss reserves, a 60% growth in pre-provision net revenue since Q1 2024, and a commercial loan growth of approximately $3 billion, meeting the full-year target by June 30. The company also managed to keep deposit costs below 2%, with a mid-50% cumulative down beta aligning with their terminal beta from the rising rate cycle. KeyCorp's fee-based businesses saw a 10% increase from the previous year, with investment banking raising over $30 billion in capital and assets under management hitting a record $64 billion. Credit metrics improved, with declines in net charge-offs, criticized loans, and delinquencies. Based on these strong results, KeyCorp raised its net interest income and loan growth guidance, projecting a 20-22% increase in net interest income for the year. The company also plans to invest significantly in technology and frontline bankers, with a 10% increase in hiring projected for 2025.

Strong Revenue Growth

Revenues increased by 21% year-over-year, marking significant growth in a challenging macro environment.

Pre-Provision Net Revenue Increase

Pre-provision net revenue increased by $44 million sequentially, marking the fifth consecutive quarter of growth.

Commercial Loan Growth

Achieved full-year plan of $3 billion growth in commercial loans by June 30, 2025, with strong backlogs continuing.

Record Assets Under Management

Assets under management reached a record $64 billion.

Improvement in Credit Metrics

Credit metrics improved with declines in net charge-offs and criticized loans, and stable non-performing assets.

Increased Earnings Guidance

Net interest income growth guidance increased to 20%-22%, reflecting strong performance and client activity.

Successful Hiring and Retention

On track to increase frontline bankers and client advisers by 10% in 2025, with strong retention rates.

KeyCorp (KEY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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KEY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 16, 2025	2025 (Q3)	0.38 / -	0.3	―	―	―
Jul 22, 2025	2025 (Q2)	0.35 / 0.35	0.25	40.00% (+0.10)
Apr 17, 2025	2025 (Q1)	0.32 / 0.33	0.22	50.00% (+0.11)
Jan 21, 2025	2024 (Q4)	0.33 / 0.38	0.25	52.00% (+0.13)
Oct 17, 2024	2024 (Q3)	0.28 / 0.30	0.29	3.45% (+0.01)
Jul 18, 2024	2024 (Q2)	0.24 / 0.25	0.27	-7.41% (-0.02)
Apr 18, 2024	2024 (Q1)	0.23 / 0.22	0.333	-33.93% (-0.11)
Jan 18, 2024	2023 (Q4)	0.23 / 0.25	0.38	-34.21% (-0.13)
Oct 19, 2023	2023 (Q3)	0.27 / 0.29	0.55	-47.27% (-0.26)
Jul 20, 2023	2023 (Q2)	0.32 / 0.27	0.54	-50.00% (-0.27)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

KEY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$18.28	$18.71	+2.35%
Apr 17, 2025	$13.88	$14.08	+1.44%
Jan 21, 2025	$17.84	$17.20	-3.59%
Oct 17, 2024	$17.07	$16.64	-2.52%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.