KeyCorp (KEY)

KeyCorp Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	6,204	6,280	4,297	3,582	3,935	4,330
Interest Income on Investments	2,141	1,647	1,115	785	750	905
Total Interest Income	8,345	7,927	5,412	4,367	4,685	5,235
Interest Paid on Deposits	3,240	2,322	279	67	347	853
Interest Paid on Borrowings	1,470	1,692	606	229	304	473
Total Interest Expense	4,710	4,014	885	296	651	1,326
Net Interest Income	3,635	3,913	4,527	4,071	4,034	3,909
Net Interest Income Growth (YoY)	-13.70%	-13.56%	11.20%	0.92%	3.20%	0%
Trust Income	547	516	526	530	507	475
Mortgage Banking Activities	53	51	58	131	176	63
Gain (Loss) on Sale of Investments	-930	11	-9	-7	4	20
Other Non-Interest Income	1,684	1,622	1,793	2,203	1,654	1,564
Total Non-Interest Income	1,615	2,470	2,718	3,194	2,652	2,459
Non-Interest Income Growth (YoY)	-36.19%	-9.12%	-14.90%	20.44%	7.85%	-2.23%
Revenues Before Loan Losses	5,250	6,383	7,245	7,265	6,686	6,368
Provision for Loan Losses	398	489	502	-418	1,021	306
Revenue	4,852	5,894	6,743	7,683	5,665	6,062
Revenue Growth (YoY)	-20.34%	-12.59%	-12.23%	35.62%	-6.55%	-1.88%
Salaries and Employee Benefits	2,469	2,461	2,439	2,457	2,235	2,154
Occupancy Expenses	264	267	295	300	298	293
Amortization of Goodwill & Intangibles	-	-	-	-	-	89
Selling, General & Administrative	908	928	959	967	864	815
Other Non-Interest Expense	963	994	704	705	712	550
Total Non-Interest Expense	4,607	4,653	4,400	4,429	4,109	3,901
EBT Excluding Unusual Items	245	1,241	2,343	3,254	1,556	2,161
Other Unusual Items	-	-	-	-	-	-139
Pretax Income	164	1,160	2,333	3,254	1,556	2,022
Income Tax Expense	18	196	422	642	227	314
Earnings From Continuing Operations	146	964	1,911	2,612	1,329	1,708
Earnings From Discontinued Operations	2	3	6	13	14	9
Net Income	148	967	1,917	2,625	1,343	1,717
Preferred Dividends & Other Adjustments	143	143	118	106	106	97
Net Income to Common	5	824	1,799	2,519	1,237	1,620
Net Income Growth	-88.58%	-49.56%	-26.97%	95.46%	-21.78%	-7.98%
Basic Shares Outstanding	935	927	924	947	968	992
Diluted Shares Outstanding	936	933	933	957	975	1,002
Shares Change (YoY)	0.39%	-0.03%	-2.54%	-1.78%	-2.74%	-4.97%
EPS (Basic)	0.01	0.89	1.95	2.66	1.28	1.63
EPS (Diluted)	0.00	0.88	1.93	2.63	1.27	1.62
EPS Growth	-99.80%	-54.15%	-26.85%	106.66%	-21.29%	-5.14%
Dividend Per Share	0.820	0.820	0.790	0.750	0.740	0.710
Dividend Growth	0%	3.80%	5.33%	1.35%	4.23%	25.66%
Effective Tax Rate	10.98%	16.90%	18.09%	19.73%	14.59%	15.53%

Source: S&P Capital IQ. Banks template. Financial Sources.