Loading…
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 and investment products; personal finance and financial wellness, lending, student loan refinancing, mortgage and home equity, credit card, treasury, and business advisory; commercial leasing, investment management, consumer finance; and wealth management and investment services for institutional, non-profit, and high-net-worth clients. It also provides lending, cash management, equipment financing, and commercial mortgage loans; and capital market products and services, such as syndicated finance, debt and equity underwriting, fixed income and equity sales and trading, derivatives, foreign exchange, mergers and acquisition, other advisory services, and public finance to large corporate and institutional clients. In addition, the company offers personal and institutional trust custody services, personal financial and planning services, access to mutual funds, treasury services, and international banking services. Further, it provides community development financing, securities underwriting, brokerage, and investment banking services, as well as merchant services. The company was founded in 1849 and is headquartered in Cleveland, Ohio.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $7.3B | - | $1.8B | $2.1B | 10.2% | 65.7% | -1236.0% |
| 2024 | $4.4B | - | $-161M | $599M | -1.0% | -29.3% | -116.6% |
| 2023 | $6.2B | - | $967M | $2.8B | 8.0% | -11.5% | -49.6% |
| 2022 | $7.0B | - | $1.9B | $4.4B | 17.5% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 7,026 | 6,215 | 4,396 | 7,285 |
| Pretax Income | - | 2,333 | 1,160 | -306 | 2,304 |
| Tax Provision | - | 422 | 196 | -143 | 476 |
| Net Income | - | 1,917 | 967 | -161 | 1,829 |
| Net Income Common Stockholders | - | 1,799 | 824 | -304 | 1,686 |
| Interest Expense | - | 885 | 4,014 | 4,662 | 3,750 |
| Interest Income | - | 5,412 | 7,927 | 8,427 | 8,386 |
| Selling General And Administration | - | 2,780 | 2,765 | 2,869 | 3,029 |
| Normalized Income | - | 1,913.46 | 1,327.98 | -144.83 | 1,824.04 |
| Market Cap | 23,518.15 | 23,518.15 | 23,518.15 | 23,518.15 | 23,518.15 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| KeyCorpthis co. | KEY | $25.8B | 12.86 | 1.32 | 10.2% | - |
| Synchrony Financial | SYF | $28.9B | 7.24 | 1.65 | 22.9% | - |
| Willis Towers Watson Public Limited Company | WTW | $28.4B | 16.95 | 3.41 | 20.1% | 11.77 |
| W. R. Berkley Corporation | WRB | $26.4B | 14.58 | 2.67 | 18.3% | - |
| Regions Financial Corporation | RF | $25.9B | 11.00 | 1.34 |
| - |
| - |
| - |
| 12.2% |
| - |
| Cincinnati Financial Corporation | CINF | $25.7B | 10.70 | 1.61 | 15.0% | - |
| Huntington Bancshares Incorporated | HBAN | $25.7B | 15.04 | 1.54 | 10.2% | - |
| Loews Corporation | L | $23.1B | 13.65 | 1.22 | 8.9% | - |
| T. Rowe Price Group, Inc. | TROW | $22.3B | 10.35 | 1.99 | 19.2% | 6.06 |
| Peer Median | - | 12.32 | 1.63 | 16.7% | 8.91 | |