KEYHIGH SIGNALFINANCIAL10-K

KeyCorp reported substantially higher revenue and a significant increase in credit loss provisions, while reducing total debt and growing stockholders' equity.

The dramatic revenue expansion coupled with meaningfully higher credit loss provisions suggests either a major business transformation or acquisition activity that has fundamentally altered the company's scale and risk profile. The substantial increase in provisions indicates management expects notably higher credit losses, which could signal deteriorating loan quality or a more challenging operating environment ahead.

Comparing 2026-02-23 vs 2025-02-21View on EDGAR →
FINANCIAL ANALYSIS

KeyCorp's financial profile shows substantial growth with revenue expanding meaningfully while credit loss provisions increased significantly, suggesting rapid business expansion accompanied by heightened credit risk concerns. The balance sheet reflects a more conservative capital structure with reduced total debt levels and growing stockholders' equity, indicating stronger capitalization. The combination of dramatic revenue growth with substantially higher loss provisions suggests the company is navigating a period of significant business transformation while preparing for potential credit headwinds.

FINANCIAL STATEMENT CHANGES
Provision for Credit Losses
P&L
+79%
$248.0M→$444.0M

Credit loss provisions surged 79% — management flagging significant deterioration in loan quality ahead.

Revenue
P&L
+62.7%
$4.6B→$7.5B

Strong top-line growth of 62.7% — accelerating demand or successful expansion into new markets.

Total Debt
Balance Sheet
-18.1%
$12.1B→$9.9B

Debt reduced 18.1% — deleveraging strengthens balance sheet and reduces financial risk.

Dividends Paid
Cash Flow
+13.7%
$927.0M→$1.1B

Dividend payments increased 13.7% — management confidence in sustained cash generation.

Stockholders Equity
Balance Sheet
+12.1%
$18.2B→$20.4B

Equity base grew 12.1% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-02-23
PRIOR — 2025-02-21
ADDED
As of February 19, 2026, there were 1,089,647,432 Common Shares outstanding.
and global financial system and markets, including the impact of inflation, tariffs or other trade policies, political instability, a prolonged shutdown of the U.S.
As of December 31, 2025, these services were provided across the country through KeyBank s 940 full-service retail banking branches and a network of 1,120 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center.
The Commercial operating segment is a full-service, commercial banking platform that focuses primarily on serving the borrowing, cash management, and capital markets needs of middle market clients within Key s 15-state branch footprint.
We also make available a summary of filings made with the SEC of statements of beneficial ownership of our equity securities filed by our directors and officers and persons who own more than 10% of a registered class of our equity securities under Section 16 of the Exchange Act.
+7 more — sign up free →
REMOVED
As of February 19, 2025, there were 1,105,119,318 Common Shares outstanding.
As of December 31, 2024, these services were provided across the country through KeyBank s 944 full-service retail banking branches and a network of 1,182 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, including our national digital brand, Laurel Road, and a telephone banking call center.
The Institutional operating segment operates nationally in providing lending, equipment financing, and banking products and services to large corporate and institutional clients.
We also make available a summary of filings made with the SEC of statements of beneficial ownership of our equity securities filed by our directors and officers under Section 16 of the Exchange Act.
We have steadily increased our starting minimum wage since 2015, and as of December 31, 2024, 93% of employees earned $20 or more per hour.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →