KeyCorp (KEY) Earnings Call Transcripts

KeyCorp's Latest Earnings Call - September 14, 2026

In the third quarter of fiscal year 2026, KeyCorp reported strong performance with net interest income (NII) growth and continued loan demand, despite some moderation in growth rates. Revenue was reported at $1.5 billion, with earnings per share (EPS) of $0.80, reflecting a year-over-year increase. Management maintained guidance for loan growth at 4% to 5% for the year, signaling confidence in client relationships and credit quality, while also highlighting a strategic focus on technology investments and AI efficiencies.

Reported metrics

Guidance from management

Management maintained their loan growth guidance of 4% to 5% and raised fee growth guidance to 4% to 5% due to the Clearwater acquisition, indicating confidence in future revenue streams.

What management said

Yes. So I think we're confident here on the loan -- midpoint of the overall loan guide for the year. I think if anything, we might be leaving a little higher on the commercial side. So again, we're seeing really good client relationship growth in those businesses, the industries you talked about, but also just broad-based middle market across all geographies. So again, continue to see really positive opportunities th...

Yes. So we saw a little bit of dip middle -- through maybe the middle of the second quarter, it stabilized at prior levels at the end of the quarter, and we've seen that be stable through the third quarter so far. I think for us, the loan spreads at this point are almost 100% a function of the credit quality of the borrower. So as we're going up the credit spectrum, we're obviously going to see naturally thinner spre...

What analysts pressed on

Analysts expressed concerns regarding potential loan demand impacts from rising interest rates and the competitive landscape for deposits. There was also a focus on how credit quality may be affected by economic uncertainties.

Main topics on the call

• Loan Growth Outlook — Management confirmed a loan growth outlook of 4% to 5% for the year, with commercial loans expected to grow at 8% to 10%. Clark Khayat stated, "we're seeing really good client relationship growth in those businesses," in...
• Credit Quality Improvement — Credit quality remains strong, with management noting that nonperforming assets are being resolved and charge-offs are expected to be below guidance. Khayat remarked, "credit quality just continues to be really benign," ...
• Technology and AI Investments — Management emphasized ongoing investments in technology and AI, which are expected to drive efficiencies. Khayat mentioned, "we're looking at some of these big end-to-end areas to find some real AI-driven efficiencies," ...
• Deposit Growth Confidence — KeyCorp is confident in achieving over 2% growth in average client deposits for the second half of the year, with recent trends showing deposits exceeding loan growth. Khayat stated, "we're seeing deposit growth exceed t...

Read the full KeyCorp transcript (September 14, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 106 KeyCorp earnings call transcripts on record, spanning January 23, 2020 to September 14, 2026. Based on this history, KeyCorp reports quarterly. The most recent call on file is dated September 14, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KEY

Exchange

NYSE

Country

US

Sector

Financials

Industry

Banks

Calls on record

106

First call

January 23, 2020

Most recent

September 14, 2026

Reporting cadence

quarterly