KeyCorp reports Q2 GAAP EPS of $0.44, exceeding expectations, while revenue misses estimates by $10M.
KeyCorp posted Q2 GAAP earnings per share of $0.44, beating estimates by $0.02. Revenue reached $1.96 billion, up 6.5% year-over-year but missing forecasts by $10 million.
Net interest income rose 9% year-over-year and 2% sequentially, with a net interest margin of 2.89%, up 2 basis points from the prior quarter. Period-end loans also showed growth, reflecting improved lending activity.
The results highlight strong earnings performance despite a slight revenue shortfall, driven by higher net interest income.