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Earnings transcript
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KEY
KeyCorp
$20.47
0.13
(0.64%)
| Exchange: | NYSE |
| Market Cap: | 22.305B |
| Shares Outstanding: | 77.632M |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | Christopher Marrott Gorman | |||||
| Full Time Employees: | 16989 | |||||
| Address: |
| |||||
| Website: | https://www.key.com |
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 10,229,000 | 9,055,000 | 11,188,000 |
| Gross Profit | 5,726,000 | 4,058,000 | 6,967,000 |
| EBITDA | 1,314,000 | -233,000 | 2,322,000 |
| Operating Income | 1,160,000 | -306,000 | 2,304,000 |
| Net Income | 967,000 | -161,000 | 1,829,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 188,281,000 | 187,168,000 | 184,381,000 |
| Total Liabilities | 173,644,000 | 168,992,000 | 164,000,000 |
| Total Stockholders Equity | 14,637,000 | 18,176,000 | 20,381,000 |
| Total Debt | 22,645,000 | 14,249,000 | 11,001,000 |
| Cash and Cash Equivalents | 941,000 | 1,743,000 | 1,287,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,903,000 | 664,000 | 0 |
| Capital Expenditure | -142,000 | -65,000 | 0 |
| Free Cash Flow | 2,761,000 | 599,000 | 0 |
| Net Income | 967,000 | -161,000 | 1,829,000 |
| Net Change in Cash | 54,000 | 802,000 | -1,743,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 8,815,108.824 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 8,815,191.181 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 8,815,150.003 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 1,893,409.732 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 1,893,427.421 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 1,893,418.577 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 2,234,674.524 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 2,813,779.046 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 2,320,812.520 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 2,848,418.495 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 2,848,445.107 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 2,848,431.801 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 2.400 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 2.570 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 2.040 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 5 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 6 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Earnings Performance: KeyCorp reported Q4 2025 earnings of $0.43 per share, reflecting strong profitability and operational efficiency for the period, as highlighted in the latest earnings call transcript. This performance underscores the company's ability to generate consistent returns for shareholders.
- Focus on Capital Return and Organic Growth: Management emphasized a commitment to capital return strategies and organic growth during the Q4 2025 earnings call, which could enhance shareholder value and support long-term stability.
- Positive Financial Metrics: Based on the Key Metrics data, KeyCorp demonstrates a competitive gross profit margin (TTM) and net profit margin (TTM), indicating effective cost management and profitability relative to revenue, positioning the company favorably within its sector.
- Strategic Investments: The company is investing in technology and talent, as noted in the earnings call summary, which could drive operational improvements and maintain a competitive edge in the financial services industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates KEY intrinsic value between $9.28 – $10.26 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about KEY valuation
Is KeyCorp (KEY) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for KeyCorp (KEY) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is KEY a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether KEY trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is KEY’s P/E ratio?
You can see KEY’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for KEY?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is KEY a good long-term investment?
Whether KEY fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
KEY
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0.64
Trading Metrics:
| Open: | 20.07 | Previous Close: | 20.34 | |
| Day Low: | 19.82 | Day High: | 20.52 | |
| Year Low: | 12.73 | Year High: | 23.35 | |
| Price Avg 50: | 20.86 | Price Avg 200: | 19.22 | |
| Volume: | 11.267M | Average Volume: | 16.597M |
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YouTube Video Transcript: Comprehensive Stock Analysis of KeyCorp (KEY) Hey everyone, welcome back to the channel! I’m thrilled to dive into another deep-dive stock analysis with you today. If you’re passionate about investing and looking for long-term opportunities, you’re in the right place. Today, we’re breaking down KeyCorp, ticker symbol KEY, a major player in the regional banking space. We’re going to cover everything—company background, financials, earnings, valuation, SWOT analysis, recent performance, and even an intrinsic value calculation. So, grab…
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