Recent Updates — KEY

KeyCorp announced third-quarter 2026 financial results on October 20, reporting net income attributable to common shareholders of $537 million, or $0.51 per diluted share, a 24% increase year-over-year from $454 million. Revenue reached a record $2.04 billion, up 8% annually and 4% sequentially, driven by a 9.8% rise in net interest income to $1.3 billion and a 6% increase in noninterest income. The company declared a quarterly cash dividend of $0.205 per common share and repurchased $320 million of its own stock during the quarter. KeyCorp also reported a Common Equity Tier 1 ratio of 11.1% and net charge-offs of $89 million, or 0.32% of average loans.

KeyCorp operates as a bank holding company providing commercial banking, consumer banking, wealth management, and investment banking services.

KeyCorp reported second quarter 2026 net income of $472 million, or $0.44 per diluted common share, representing a 26% year-over-year increase. Total revenue reached $1.96 billion, up 7% year-over-year, supported by a 9% increase in net interest income. The company also declared a quarterly cash dividend of $0.205 per common share and repurchased $341 million of common stock during the quarter. KeyCorp is a financial services company providing banking, investment, and wealth management services.

KeyCorp updated its Medium-Term Note Program to allow for the issuance of Senior Medium-Term Notes, Series U, and Subordinated Medium-Term Notes, Series V. The Notes are issued pursuant to existing indentures and registered under a registration statement on Form S-3 filed on June 5, 2026. KeyCorp is a financial services company providing banking and investment services.

KeyCorp is recasting certain segment financial information and related disclosures from its 2025 Form 10-K to reflect a change in segment reporting implemented in the first quarter of 2026. This change reallocates centrally managed interest rate risk to the Other segment and updates certain noninterest income line items, though it does not impact the company's consolidated financial statements.