Q1 2022 KeyCorp Earnings Call Transcript

Apr 21, 2022 / 12:00PM GMT
Operator

Good morning, and welcome to KeyCorp's First Quarter 2022 Earnings Conference Call. As a reminder, this conference is being recorded. I would now like to turn the conference over to the Chairman and CEO, Chris Gorman. Please go ahead.

Christopher Marrott Gorman - KeyCorp - Chairman, President & CEO

Well, thank you, operator, and thank you for joining us for KeyCorp's First Quarter 2022 Earnings Conference Call. Joining me on the call today are Don Kimble, our Chief Financial Officer; and Mark Midkiff, our Chief Risk Officer. On Slide 2, you will find our statement on forward-looking disclosure and non-GAAP financial measures. It covers our presentation materials and comments as well as the question-and-answer segment of our call.

I am now turning to Slide 3. This morning, we reported earnings of $420 million or $0.45 per share. Our results reflect strong underlying operating performance, expected seasonality and the impact of current market conditions. Our results also included $0.04 per share of additional loan loss provision in excess of net

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