KeyCorp achieved record full-year revenue in 2025, up 16% year-over-year. The company is demonstrating progress in fee-based businesses including wealth management, commercial payments, and investment banking. With total assets of $187.2B and total deposits of $149.8B, KeyCorp maintains a strong balance sheet positioning.
Cyborg Score Rationale
KeyCorp delivered record revenue growth in 2025, improving credit metrics for five consecutive quarters, and maintains a strong capital position with CET1 ratio of 11.7%. Revenue momentum accelerated with 16% year-over-year growth and robust fee-income generation, though interest margin compression remains a sector-wide headwind.
Top Insights
Full year 2025 revenue was a record, up 16% year-over-year, with full year results meeting or exceeding each financial target communicated at the beginning of the year
Client deposits were up 4% year-over-year with improving deposit betas, commercial loans grew $1.2 billion from year-end levels, and strategic fee-based businesses showed continued progress
Credit quality remained strong, with credit migration trends improving for the fifth consecutive quarter
In March 2025, KeyCorp authorized a new $1 billion share repurchase program
Named Competitors
U.S. Bancorp — Diversified financial services across banking, payments, and wealth management
PNC — Regional bank with commercial and consumer banking services
Citizens Financial Group — Consumer and commercial banking services across multiple states
Recent Developments
(January 2026) KeyCorp reported Q4 2025 net income of $474 million, with full year pre-provision net revenue increasing 44% year-over-year adjusted for selected items
(April 2025) Q1 2025 revenue of $1.8 billion, up 16% year-over-year with net interest income up 4% quarter-over-quarter and improved credit metrics
(March 2025) Board authorized new $1 billion share repurchase program
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