KeyCorp (NYSE: KEY) announced its third‑quarter 2025 results on Thursday, 16 October 2025, reporting net income from continuing operations attributable to common shareholders of $454 million, or $0.41 per diluted share. Total revenue rose 17% year‑over‑year to $1.90 billion, driven by a 4% sequential increase in taxable‑equivalent net interest income (NII) to $1.193 billion and a net interest margin of 2.75%.
The company’s deposit base grew 2% quarter‑over‑quarter to $150.4 billion, while the cost of deposits fell to 1.97%, supporting the NII expansion. Noninterest income increased 8% to $702 million, with investment banking and debt placement fees up 6% and trust and investment services income up 4%. Credit quality remained strong, with net charge‑offs at 0.42% of average loans and non‑performing assets down 6% sequentially.
KeyCorp’s earnings beat analyst expectations and reinforced its guidance for 2025, underscoring the effectiveness of its balance‑sheet repositioning and fee‑business strategy. The results provide investors with a clear view of the bank’s robust profitability, solid capital position, and continued growth momentum in both interest‑earning and fee‑generating activities.
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