KeyCorp Q1 net income falls 33.5% from a year earlier to $183 million
KeyCorp reported first quarter 2024 net income from continuing operations attributable to common shareholders of $183 million, or $0.20 per diluted share, up sharply from $30 million, or $0.03, in the fourth quarter of 2023 but down from $275 million, or $0.30, in the first quarter of 2023. Total revenue of $1.53 billion fell 10.6% from a year earlier, while noninterest expense also declined, so the quarter improved on the prior quarter but remained weaker than a year ago.
Key points
- Net income of $183 million, or $0.20 per diluted share, versus $275 million, or $0.30, in Q1 2023 and $30 million, or $0.03, in Q4 2023
- Total revenue of $1.53 billion, down 10.6% from $1.71 billion in Q1 2023 and down 0.3% from Q4 2023
- Net interest income of $886 million, down 19.9% from a year earlier; noninterest income of $647 million, up 6.4%
- FDIC special assessment charges reduced first quarter earnings by $22 million, or $0.02 per diluted share, after tax
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 7:01 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 18, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.