Keycorp
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+ FollowMarket Cap$23.26B
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Earnings Call Q3 2026
October 20, 2026 - AI Summary
Strong results + record momentum (good)
- Q3 EPS: $0.51, +24% YoY
- Revenue: >$2B, +8% YoY (reported record quarterly revenue)
- PPNR: +$60M (linked-quarter basis) and record-level profitability
- ROTCE / returns: 15.1% on average tangible common equity (+260 bps YoY), supporting their target of 15%+ by year-end 2027 (and longer-term 16%–19%)
Net interest margin improved; deposit franchise outperformed (good/surprising)
- NIM: 2.95%, +6 bps sequentially (sequential NIM expansion)
- Deposit growth: Average total deposits +$3.6B sequentially (+2.4%), while deposit costs only +3 bps
- Client deposit growth: +$2.8B excluding CDs (driven by commercial operating balances)
- Funding: wholesale funding reduced as deposits grew faster than loans
- Sensitivity/beta outlook: expects mid-fifties cumulative beta over time and symmetric-ish behavior vs easing cycle (with a lag in early quarters)
Credit quality improving; guidance tightened (good, but still with uncertainty)
- Net charge-offs: 32 bps annualized (improved); $89M net charge-offs in quarter
- Non-performing assets: 55 bps, -19 bps sequentially (lowest since late 2023)
- Provision: $61M, including a $28M reserve release (partially offset by qualitative builds due to macro/geopolitical uncertainty)
- Q4 / full-year credit outlook (tightened): full-year net charge-offs now 37–39 bps vs prior 40–45 bps
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Share Statistics
| Market cap | $23.26 Billion |
|---|---|
| Enterprise Value | $38.38 Billion |
| Annual dividend | $0.82 |
| Dividend yield | 3.88% |
| Earnings per Share | $1.53 |
| Beta | 1.09 |
| Outstanding Shares | 1,054,951,000 |
Return
| Return on Equity | 11.90% |
|---|---|
| Return on Assets | 1.10% |
| Return on Invested Capital | 5.96% |
Valuation & Multiples
| P/E Ratio | 11.54 |
|---|---|
| PEG | 62.71 |
| Price to Sales | 2.33 |
| Price to Book Ratio | 1.31 |
| Enterprise Value to Revenue | 3.65 |
| Enterprise Value to EBIT | 18.92 |
| Enterprise Value to Net Income | 18 |
| Total Debt to Enterprise | 0.43 |
| Debt to Equity | 0.94 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 20, 2026
EPS Estimate
$0.46
Consensus analyst estimateRevenue Estimate
$2.05 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 19, 2027
EPS Estimate
$0.49
Consensus analyst estimateRevenue Estimate
$2.13 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 70.80% |
|---|---|
| Total Calls | 161,700▼ 96.63% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.08%▼ 84.77% |
|---|---|
| Total Invested | $661.62M▼ 96.99% |
| Investors Holding | 313▼ 667.00% |
About Keycorp
16,826 employees
CEO: Beth Mooney
KeyCorp, the parent entity of KeyBank National Association, delivers an extensive array of retail and commercial banking services throughout the United States. Its activities are organized into two primary divisions: the Consumer Bank an...