Categories Analysis, Finance

KeyCorp (KEY) Q2 2023 Earnings Summary

KeyCorp (NYSE: KEY) reported second quarter 2023 earnings results today.

Total revenue decreased 11% year-over-year to $1.59 billion.

Net income attributable to Key common shareholders was $251 million, or $0.27 per share, compared to $507 million, or $0.54 per share, last year.

Net interest income fell 11% YoY to $986 million.

Non-interest income decreased 11.5% YoY to $609 million.

Average loans increased 11% YoY to $120.7 billion.

Average deposits declined 3% YoY to $142.9 billion.

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