KeyCorp Q3 2026: record revenue, $0.51 EPS beats consensus
KeyCorp beat the $0.47 consensus by $0.04 a share, and revenue hit a record $2.04 billion. The engine was net interest income: a 2.95% margin plus $3.6 billion of sequential deposit growth. Credit improved too, with charge-offs at 0.32% of loans. Two soft spots — a thinner CET1 ratio and a wider securities loss inside equity — explain why the quality of this beat deserves scrutiny.
1 · Expected vs. Actual
Free preview below$0.51 per diluted share beat the $0.47 consensus by $0.04, or 8.5%, and rose 24.4% from $0.41 a year ago. There was nothing to strip out — the reconciliation shows no selected items excluded from either quarter. Just be careful with the two income lines: net income attributable to Key was $579 million, while $537 million was left for common shareholders after preferred dividends.
Revenue came in at a record $2.04 billion, up 8.4% from $1.89 billion a year earlier and 4.5% above the prior quarter. Net interest income supplied $1.30 billion of that and noninterest income $744 million, with investment banking and debt placement fees jumping 26.6% sequentially. One data caveat: the structured feed shows $506 million while the release table shows $2.04 billion, and the $2.04 billion figure is the one the filing itself discusses.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-04
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