KeyCorp reported third-quarter net income of $537 million, up 18.3% year over year, and diluted EPS of $0.51, up 24.4%. Total revenue hit a record $2.04 billion, up 8.4%, as net interest income rose 9.6% and noninterest income reached $744 million. Net interest margin (TE) widened 20 basis points to 2.95%, and return on average tangible common equity rose to 15.11% from 12.51%. Management narrowed its 2026 net interest income growth guidance to about 10% and lowered its net charge-off guidance to 37 to 39 basis points, while average loans grew 5.0% to $111.6 billion. Management cautioned that geopolitical and macro uncertainty remains and that some transactional real estate is being retraded due to the current cost of capital.
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Original headline: KeyCorp ( KEY ) Q3 2026 Earnings Call Transcript
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