KeyCorp Full Year 2024 Earnings: Misses Expectations

Simply Wall St.
25 Feb

KeyCorp (NYSE:KEY) Full Year 2024 Results

Key Financial Results

  • Revenue: US$4.24b (down 28% from FY 2023).
  • Net loss: US$306.0m (down by 137% from US$821.0m profit in FY 2023).
  • US$0.32 loss per share (down from US$0.89 profit in FY 2023).

KEY Banking Performance Indicators

  • Net interest margin (NIM): 2.16% (down from 2.17% in FY 2023).
  • Non-performing loans: 0.73% (up from 0.51% in FY 2023).
NYSE:KEY Revenue and Expenses Breakdown February 25th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

KeyCorp Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 26%. Earnings per share (EPS) was also behind analyst expectations.

The primary driver behind last 12 months revenue was the Commercial Bank segment contributing a total revenue of US$3.21b (76% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$3.71b (82% of total expenses). Explore how KEY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 5.4% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for KeyCorp you should know about.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10