KeyCorp Q1 earnings dip, missing consensus, as NII drops, expenses rise [Seeking Alpha]
KeyCorp (KEY)
Last keycorp earnings: 4/16 06:30 am
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Source: Seeking Alpha
Q1 adjusted EPS from continuing operations of $0.22, missing the $0.23 consensus, slipped from $0.25 in Q4 2023 and $0.30 in Q1 2023. Including $22M, or $0.02 per share, of charges related to the FDIC special assessment, Q1 2024 net income from continuing operations was $0.20 per share. "Investment Banking posted its best first quarter in our history, net interest income was within the range of guidance that we provided in January, and expenses remained well controlled," said Chairman and CEO Chris Gorman. Total revenue (taxable equivalent) of $1.53B, vs. the average analyst estimate of $1.51B, declined from $1.54B in the previous quarter and $1.71B a year ago. The Cleveland-based regional bank kept its 2024 guidance unchanged. KeyCorp's ( KEY ) stock slipped 0.6% in Thursday premarket trading. Q1 net interest income (taxable equivalent) of $886M fell from $928M in Q4 2023 and $1.11B in Q1 2023. Net interest margin ("TE") of 2.07% vs. 2.07% in the prior quarter and 2.47% a
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News
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KEY
Earnings
- 4/18/24 - Miss
KEY
Sec Filings
- 4/18/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- KEY's page on the SEC website