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).

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.

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