- Q1 income from continuing operations of $222M or $0.26 per share vs. $232M and $0.26 one year ago.
- Average loans up 5.1% Y/Y, driven by 11.5% growth in commercial, financial, and agricultural loans.
- Average deposits up 4.9% Y/Y. Net interest margin of 2.91% down 3 basis points from Q4, down nine bps from a year ago.
- CET1 ratio of 10.82%. Book value per share of $12.12 vs. $11.91 at start of quarter, $11.43 one year ago.
- Net interest income of $577M up 1.4% Y/Y thanks to those higher deposit balances.
- Noninterest income of $437M roughly unchanged from a year ago, with trust and investment services revenue of $109M up 11.2% thanks to the Pacific Securities purchase. Investment banking and debt service fees of $68M fell 19%.
- Noninterest expense of $669M up marginally from a year ago.
- Conference call at 9 ET.
- Previously: KeyCorp EPS in-line, misses on revenue (April 16)
- KEY -0.85% premarket