KeyCorp posts record Q3 2026 revenue and EPS, raises full‑year outlook
KeyCorp reported third‑quarter 2026 net income of $537 million, or $0.51 per diluted share, a 24% year‑over‑year increase. Revenue reached $2.04 billion, up 8% YoY, while net interest margin expanded to 2.95%, up 20 basis points. Deposits grew $3.6 billion sequentially, and investment‑banking fees rose 27% sequentially. The bank repurchased $320 million of common stock and reaffirmed a CET1 ratio of 11.1%. Management said the results support a record full‑year revenue target and raised the revenue guidance to the top of its prior range.
Why it matters
The company expects record full‑year revenue and pre‑provision net revenue, which could lift earnings expectations for 2026 (the company says). It also raised its 2026 net interest income growth target to around 10% and set a net interest margin goal of 3.25%+ by 4Q 2027 (the company says).
Key facts
- 1Net income from continuing operations attributable to Key common shareholders was $537 million, or $0.51 per diluted share. sec.gov
- 2Total revenue was $2.04 billion, up 8% year‑over‑year and 4% sequentially. sec.gov
- 3Net interest margin (taxable‑equivalent) was 2.95%, up 20 basis points year‑over‑year and 6 basis points sequentially. sec.gov
- 4Average deposits increased $3.6 billion sequentially. sec.gov
- 5Investment‑banking and debt‑placement fees grew 27% sequentially. sec.gov
- 6Common Equity Tier 1 ratio was 11.1%. sec.gov
Summary written by AlphAI AI Desk from 14 of 14 sources. Not investment advice. Figures are as stated by the linked sources.