KeyCorp earnings momentum lifts Q3 profit to $537 million

• KeyCorp reported third-quarter 2026 net income from continuing operations attributable to common shareholders of $537 million, up 18.3% year over year, while diluted EPS rose 24.4% to $0.51.
• Quarterly revenue increased 8.4% to $2.044 billion, supported by higher net interest income, deposit growth and stronger investment banking fees.
• KeyCorp repurchased $320 million in shares, reported an estimated Common Equity Tier 1 capital ratio of 11.1% and maintained its objective of sustaining a return on tangible common equity above 15% by the end of 2027.

KeyCorp (NYSE:KEY) reported third-quarter 2026 net income from continuing operations attributable to common shareholders of $537 million, up 18.3% year over year.

Diluted earnings increased to $0.51 per share from $0.41 a year earlier and $0.44 sequentially, while revenue rose 8.4% to $2.044 billion.

Net interest income reached $1.3 billion, while taxable-equivalent net interest margin increased 20 basis points year over year to 2.95%.

KeyCorp maintained its goal of achieving and sustaining a return on tangible common equity of at least 15% by the end of 2027.

Average deposits rose $3.6 billion sequentially to $151.2 billion, while average loans increased $1.5 billion to $111.6 billion and net charge-offs declined.

KeyCorp repurchased $320 million of common shares during the quarter, while its estimated Common Equity Tier 1 capital ratio declined slightly to 11.1%.