KeyCorp Q2 2026 Earnings Release

KeyCorp reported strong financial results for the second quarter of 2026, with net income attributable to common shareholders of $472 million, or $0.44 per diluted share, a 25.7% increase year-over-year. Total revenue reached $1.96 billion, up 6.7% from the previous year. Net interest income rose by 9.4% to $1.26 billion, driven by a higher net interest margin of 2.89% and growth in commercial and industrial loans. Noninterest income saw a modest increase of 2.3% to $706 million. Noninterest expense increased by 5.5% to $1.22 billion, primarily due to higher personnel costs. Average loans grew by 4.1% year-over-year to $110.1 billion, with commercial and industrial loans showing significant growth. Average deposits remained relatively stable, increasing by 0.1% to $147.6 billion. The Common Equity Tier 1 ratio was 11.2%. KeyCorp returned $341 million to shareholders through share repurchases during the quarter.