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NYSE · Financials

KEYCORP /NEW/ (KEY)

As-reported financials and SEC filings for KEYCORP /NEW/. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About KEYCORP /NEW/

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, operating primarily through its subsidiary KeyBank National Association. It offers a range of financial services including retail and commercial banking, investment management, consumer finance, student loan refinancing, commercial mortgage servicing, and investment banking. KeyCorp serves individual, corporate, and institutional clients across 15 states through physical branches, ATMs, and digital platforms.

Snapshot

Revenue
$7.48B
Revenue growth (YoY)
63.5%
Net income
$1.83B
Diluted EPS
$1.52
Gross margin
Operating margin
Net margin
24.5%
FCF margin
28.1%
ROE
9.0%
net income / fiscal-year-end equity
P/E
12.4×
trailing when available, otherwise FY EPS
Market cap
$22.63B
Long-term debt / equity
0.49×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Keycorp /new/

  • Revenue grew 63.5% to $7.5B in FY2025, after a 28.3% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $2.0B, up 6.8% from Q2 FY2025.
  • Free cash flow was $2.1B in FY2025, 28.1% of revenue.
  • Net income turned positive at $1.8B in FY2025, from a $161M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Keycorp /new/’s fundamentals sit among the 76 banks. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin24.5%
35th percentile of 76
FCF margin28.1%
44th percentile of 58
Revenue growth (YoY)+63.5%
96th percentile of 76
ROE9.0%
31st percentile of 76
P/E12.4×
58th percentile of 75
Long-term debt / equity0.49×
68th percentile of 38
Short interest3.53d
20th percentile of 75

Keycorp /new/’s revenue growth of +63.5% ranks in the 96th percentile of the 76 banks reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $568,500. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+6 quant / multi-strat
Initiated / added
5
0 new, 5 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$513.2M
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$153.3M6.7MReduced
Point72 Asset ManagementquantQ2 2026$87.1M3.8MAdded
Two Sigma InvestmentsquantQ2 2026$79.2M3.4MReduced
Millennium ManagementquantQ2 2026$64.1M2.8MAdded
Citadel AdvisorsquantQ2 2026$57.5M2.5MReduced
Bridgewater AssociatesQ2 2026$36.3M1.6MAdded
D. E. ShawquantQ2 2026$35.1M1.5MAdded
Gotham Asset ManagementQ2 2026$583,30325.3KAdded

No longer held by: Renaissance Technologies (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$569K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-22
filed 2026-07-24
Ramani MohitChief Risk OfficerSell25.0K$22.74$569K
2026-06-03
filed 2026-06-05
Gile Elizabeth R.DirectorSell23.9K$20.88$500K
2026-05-08
filed 2026-05-12
Mago Angela GChief Human Resources OfficerSell22.8K$21.66$494K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
28.6M
settled 2026-08-14
Change vs prior
-13.5%
vs previous settlement
Days to cover
3.53
at avg daily volume
Avg daily volume
8.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1428.6M-13.5%3.53
2026-07-3133.1M+10.1%2.83
2026-07-1530.0M-3.2%2.96
2026-06-3031.0M-15.4%2.59
2026-06-1536.6M+10.3%2.70
2026-05-2933.2M+20.9%3.20
2026-05-1527.5M+11.2%2.54
2026-04-3024.7M+15.0%2.02

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Bank fundamentals

Regulatory detail for KeyBank National Association (Cleveland, OH), the insured-bank subsidiary, from its FDIC Call Report as of Q1 2026. This is what actually moves bank stocks: deposit franchise, capital, and credit quality that a standard income statement can’t show.

Total deposits
$153.3B
FDIC insured-bank
Uninsured deposits
51.8%
share of deposits
CET1 ratio
12.49%
regulatory capital
Net interest margin
3.10%
trailing
Efficiency ratio
54.7%
lower is better
Noncurrent loans
0.82%
of gross loans

Source: FDIC BankFind (Call Report). Bank-subsidiary figures, filed quarterly ~30 days after quarter-end.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$7.48B$4.57B$6.38B$7.25B$7.26B
Gross profit
Operating income
Net income$1.83B$-161.0M$967.0M$1.92B$2.63B
Diluted EPS$1.52$-0.32$0.88$1.93$2.63

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$1.29B$1.74B$941.0M$887.0M$913.0M
Current assets
Total assets$184.38B$187.17B$188.28B$189.81B$186.35B
Current liabilities
Long-term debt$9.92B$12.11B$19.55B$19.31B$12.04B
Total liabilities$164.00B$168.99B$173.64B$176.36B$168.92B
Total equity$20.38B$18.18B$14.64B$13.45B$17.42B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.21B$664.0M$2.90B$4.47B$1.15B
Capital expenditure$107.0M$65.0M$142.0M$96.0M$66.0M
Free cash flow$2.10B$599.0M$2.76B$4.37B$1.09B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$1.96B6.8%$509.0M$0.44
Q1 FY2026$1.95B10.3%$522.0M$0.44
Q4 FY2025$2.00B133.6%$510.0M$0.46
Q3 FY2025$1.89B176.1%$489.0M$0.41
Q2 FY2025$1.83B20.9%$425.0M$0.35
Q1 FY2025$1.76B15.9%$405.0M$0.33
Q4 FY2024$855.0M-44.2%$-244.0M$-0.25
Q3 FY2024$683.0M-56.2%$-410.0M$-0.47

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryNational Commercial Banks
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2018
SEC CIK91576

Selected SEC filings

10-K2026-02-23
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-08-04
View on EDGAR →
10-Q2026-05-05
View on EDGAR →
10-Q2025-11-04
View on EDGAR →
10-Q2025-08-05
View on EDGAR →
8-K2026-08-14
View on EDGAR →
8-K2026-07-21
View on EDGAR →

Largest bank peers

All bank stocksAll Financials companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.