Keycorp

NYSE:KEY   3:59:59 PM EDT
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Other Pre-Announcement

KeyCorp Reports Record Second Quarter 2021 Net Income Of $698 Mln, Or $.72 Per Diluted Common Share

Published: 07/20/2021 12:40 GMT
Keycorp (KEY) - Reports Record Second Quarter 2021 Net Income of $698 Million, Or $.
72 per Diluted Common Share.
Announced New Common Share Repurchase Authorization of Up to $1.5 Billion.
Qtrly Total Revenue $ 1,773 Million Versus $1,717 Million.
Qtrly Earnings per Share From Continuing Operations $0.72.
Qtrly Net Interest Income (te) $1,023 Million Versus $1,025 Million.
Average Loans Were $100.8 Billion for Q2 of 2021, a Decrease of $7.1 Billion Compared to Q2 of 2020.
Qtrly Return on Average Tangible Common Equity From Continuing Operations 22.34 %.
Key's Provision for Credit Losses Was a Net Benefit of $222 Million, Including a $244 Million Reserve Release for Q2 of 2021.
Net Loan Charge-offs for Q2 of 2021 Totaled $22 Million, Or .
09% of Average Total Loans.
Will Evaluate an Increase to Common Stock Dividend in Q4 2021.
Q2 Earnings per Share View $0.54, Revenue View $1.73 Billion -- Refinitiv Ibes Data (analyst estimates).