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Compared to Estimates, KeyCorp (KEY) Q2 Earnings: A Look at Key Metrics

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KeyCorp (KEY - Free Report) reported $1.96 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.8%. EPS of $0.44 for the same period compares to $0.35 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.98 billion, representing a surprise of -1.11%. The company delivered an EPS surprise of +4.76%, with the consensus EPS estimate being $0.42.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how KeyCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Capital Ratios - Leverage: 10.3% versus 10.4% estimated by two analysts on average.
  • Capital Ratios - Tier 1 risk-based capital: 12.8% versus the two-analyst average estimate of 12.8%.
  • Net loan charge-offs to average loans: 0.4% versus the two-analyst average estimate of 0.4%.
  • Cash efficiency ratio (non-GAAP): 61.9% versus the two-analyst average estimate of 62.1%.
  • Net interest margin (TE) from continuing operations: 2.9% versus the two-analyst average estimate of 2.9%.
  • Book value at period end: $16.19 versus the two-analyst average estimate of $16.29.
  • Average Balance - Total earning assets: $171.82 billion versus $172.2 billion estimated by two analysts on average.
  • Trust and investment services income: $159 million versus the two-analyst average estimate of $160.93 million.
  • Investment banking and debt placement fees: $169 million compared to the $181.24 million average estimate based on two analysts.
  • Total Noninterest Income: $706 million versus $709.43 million estimated by two analysts on average.
  • Net interest income (TE): $1.26 billion versus $1.26 billion estimated by two analysts on average.
  • Corporate services income: $80 million versus $76.68 million estimated by two analysts on average.

View all Key Company Metrics for KeyCorp here>>>

Shares of KeyCorp have returned +2.2% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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