The earnings call reflected a strong financial performance with significant growth in revenue, loan, and deposit management, as well as successful investment banking activities. While there were increased expenses due to strategic investments, the overall outlook remains positive with improved credit quality and strong asset management records. Deposit competition may pose a challenge, but it is not seen as a major threat.

Company Guidance

During KeyCorp's second quarter 2025 earnings call, the company provided updated guidance reflecting their strong performance and optimistic outlook. KeyCorp reported earnings per share of $0.35, with a 21% increase in revenue compared to the previous year. Pre-provision net revenue grew by $44 million sequentially, marking a consistent increase over five quarters. The company highlighted successful commercial loan growth, having already met their full-year goal of a $3 billion increase by the end of June. Their loan-to-deposit ratio was maintained at a low 70%, and deposit costs were managed below 2%. KeyCorp raised over $30 billion in capital during the quarter, retaining 22% on their balance sheet. Their net interest income is expected to grow by 20% to 22% for the year, with an improved loan guidance forecasting a 2% increase in period-end loans. The company is also on track to increase their workforce by 10%, focusing on hiring frontline bankers and client advisors. KeyCorp remains committed to strategic investments in technology and personnel, aligning with their growth strategy and market opportunities.

Strong Revenue and EPS Growth

Earnings per share were $0.35, with revenues up 21% from a year ago. This growth occurred despite adding $36 million to loan loss reserves and prefunding a charitable foundation.

Positive Loan and Deposit Growth

Achieved full-year plan to grow commercial loans by $3 billion. Deposit costs managed below 2% with a historically low loan-to-deposit ratio of 70%.

Investment Banking Success

Investment banking had its second-best first half in history with $30 billion of capital raised for clients and a 41% year-over-year increase in fees.

Record Asset Management

Assets under management reached a record $64 billion. Mass affluent segment sales production also hit a record in the first half of the year.

Improved Credit Quality

Net charge-offs, criticized loans, and delinquencies all declined from the first quarter, with commercial upgrades exceeding downgrades.

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.