KeyCorp Q2 profit rises from Q1 to $237 million; revenue falls year over year
KeyCorp reported second-quarter 2024 net income from continuing operations attributable to common shareholders of $237 million, or $.25 per diluted share, up from $183 million, or $.20, in the first quarter but down from $250 million, or $.27, a year earlier. Total revenue on a taxable-equivalent basis was $1,526 million, down 0.5% from the prior quarter and 4.3% from a year earlier, while noninterest expense fell 5.6% from the first quarter to $1,079 million. For shareholders, earnings improved sequentially but remain below last year's level.
Key points
- Net income of $237 million, or $.25 per diluted share, versus $183 million ($.20) in Q1 2024 and $250 million ($.27) in Q2 2023.
- Total revenue (TE) of $1,526 million, compared with $1,533 million in Q1 2024 and $1,595 million in Q2 2023.
- Noninterest expense of $1,079 million, down from $1,143 million in Q1 2024.
- Net loan charge-offs were 0.34% of average total loans; the Common Equity Tier 1 ratio was an estimated 10.5% at June 30, 2024.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 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 July 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.