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AI brief of an SEC Form 8-K · KeyCorp (KEY)

KeyCorp Q1 net income $370 million, $0.33 a share, up from $183 million a year earlier

Positive Impact 3 of 5 earnings Written later

KeyCorp reported first-quarter 2025 net income from continuing operations attributable to common shareholders of $370 million, or $0.33 per diluted share, compared with a net loss of $279 million in the fourth quarter of 2024 and $183 million in the first quarter of 2024. Total revenue rose 16% year over year to $1.8 billion while noninterest expense fell 1%, which the company said produced positive operating leverage.

Key points

  • Net income of $370 million, or $0.33 per diluted share, versus $183 million, or $0.20 per share, in Q1 2024
  • Total revenue of $1.8 billion, up 16% year over year; net interest margin rose to 2.58%
  • Net loan charge-offs of $110 million; nonperforming assets declined 9% from the prior quarter to $700 million
  • In March 2025, the board authorized a new repurchase program of up to $1 billion of common shares

The filing

CompanyKeyCorp (KEY)
Form8-K, current report
Filed with the SECApr 17, 2025, 6:30 AM ET
Accession number0000091576-25-000050

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 7:01 AM ET, from this filing 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 17, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.