KEY KEYCORP /NEW/

Overview and Growth

KEYCORP /NEW/ generated $7.51B of revenue and net income of $1.83B in fiscal 2025. At $7.51B, revenue provides the top-line context for the bank’s net income and balance-sheet returns, two central measures of earnings efficiency for a financial institution. The top line expanded 62.7% from $4.62B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $1.52, translating the period’s attributable earnings into the amount reported for each diluted share. The diluted weighted-average share count was 1.11B, linking total earnings with the per-share result received by shareholders. The diluted share count was 16.7% higher than fiscal 2024, when diluted shares averaged 949.56M, adding context to the EPS comparison. The bank reported $184.38B of total assets, the resource base supporting its lending, investing, and other financial activities and the basis for assessing earnings returns, capitalization, liquidity, and its shareholder-capital buffer.

Profitability

The bank reported net income of $1.83B after all recognized revenue, expense, and tax items. The final earnings result represented 24.3% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $2.30B of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 30.7% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $476.00M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 20.7%, quantifying the portion of pre-tax earnings paid in income tax. Return on period-end equity was 9.0%, relating annual net income to the equity capital on the balance sheet. Return on period-end assets was 1.0%, connecting net income with the company’s total asset base. Net income of $1.83B replaced the $161.00M loss reported in fiscal 2024. For a banking business, profitability is best read through net income together with returns on the asset base and shareholder capital. Considering returns on both assets and equity distinguishes the profitability of the bank’s financial balance sheet from the result earned on shareholder capital and shows how the two perspectives differ.

Liquidity and Capital Structure

Total assets were $184.38B, supported by $164.00B of liabilities and $20.38B of shareholder equity. Reported cash and equivalents were $1.29B, separating immediately recognizable cash resources from the rest of the current-asset base. The equity-to-assets relationship was 11.1%, placing book capital against the total resource base. Liabilities represented 88.9% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 0.7%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 1.5% lower than fiscal 2024 assets of $187.17B, measuring the company’s own balance-sheet change. Book equity was 12.1% higher than fiscal 2024 equity of $18.18B, showing how shareholder capital changed year over year. Cash and equivalents were 26.2% lower than fiscal 2024 cash of $1.74B, showing the year-over-year change in liquid resources. The mix of equity and liabilities is central to a bank’s resilience because book capital provides the balance sheet’s principal loss-absorbing layer. Year-over-year movement in total assets shows whether the banking platform expanded or contracted, while the accompanying change in book equity shows how shareholder capital moved alongside that balance-sheet scale.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.