KeyCorp is a U.S.-based financial services company. It operates through its subsidiary, KeyBank, providing banking and investment services to individuals and businesses. Its activities include commercial lending, consumer banking, and investment banking, placing it in competition with other major regional banks across the country.
On April 16, 2026, KeyCorp reported its earnings, announcing an earnings per share of $0.45. This figure surpassed the analyst consensus estimate of $0.41. The performance reflects a net income of $486 million for the first quarter, which is a significant 33% increase compared to the same period last year, as highlighted by PR Newswire.
The company also posted strong revenues of $2.73 billion, beating the consensus estimate of $1.94 billion. This growth was supported by an 11% year-over-year increase in net interest income and an 8% rise in noninterest income. Net interest income is the profit a bank makes from the interest it earns on loans minus the interest it pays on deposits.
This strong performance was driven by solid loan growth, as highlighted by Zacks. The company’s loan portfolio expanded, with total loans increasing by $2.6 billion from the previous quarter. This was led by a $3.3 billion growth in commercial loans, showing healthy demand from businesses. The company also repurchased $389 million of its common shares during the quarter.
Based on recent data, KeyCorp has a price-to-earnings (P/E) ratio of 16.42. This metric shows how much investors are willing to pay for each dollar of the company's earnings. The company also maintains a debt-to-equity ratio of 0.85, which compares its total debt to the value owned by shareholders.
