Q1 2025 KeyCorp Earnings Call Transcript
Key Points
- KeyCorp (KEY) reported a 16% increase in revenues year-over-year, with expenses remaining flat, indicating strong financial performance.
- The company achieved a pre-provision net revenue increase of over $90 million from the previous quarter.
- KeyCorp (KEY) ended the quarter with a CET1 ratio of 11.8%, positioning it at the high end of its peer group.
- The company reported record first-quarter investment banking fees, with pipelines remaining at historically elevated levels.
- KeyCorp (KEY) announced a $1 billion share repurchase authorization, expected to commence in the second half of the year, reflecting confidence in its financial position.
- The macroeconomic environment remains uncertain, with inflation and geopolitical risks potentially impacting client sentiment and market conditions.
- KeyCorp (KEY) noted a pause in transactional activity from clients due to recent tariff announcements and market uncertainty.
- The company is performing a name-by-name review of its largest clients to assess exposure to tariffs, indicating potential risks in its loan portfolio.
- Despite strong performance, KeyCorp (KEY) acknowledged that future charge-offs will depend on the path of the economy, reflecting ongoing credit risk concerns.
- The company expects expenses to increase throughout the year due to investment spend, salary increases, and other personnel costs, which could impact profitability.
Good morning, and welcome to KeyCorp's first-quarter 2025 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.
I would now like to turn the conference over to Brian Mauney, KeyCorp Director of Investor Relations. Please go ahead.
Thank you, operator, and good morning, everyone. I'd like to thank you for joining KeyCorp's first-quarter 2025 earnings conference call. I'm here with Chris Gorman, our Chairman and Chief Executive Officer; and Clark Khayat, our Chief Financial Officer. As usual, we will reference our earnings presentation slides, which can be found in the Investor Relations section of the key.com website.
In the back of the presentation, you will find our statement on forward-looking disclosures and certain financial measures, including non-GAAP measures. This covers our earnings materials as well as remarks made on this morning's call. Actual results may differ materially from forward-looking statements and those statements speak
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
