KeyCorp

Chart & Performance

D1W1MN

Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, investment, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses. It also provides a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans comprising consumer, energy, healthcare, industrial, public sector, real estate, and technology loans for middle market clients. In addition, the company offers community development financing, securities underwriting, brokerage, and investment banking services. As of December 31, 2021, it operated through a network of approximately 999 branches and 1,317 ATMs in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.

URL

https://www.key.com/

IPO date

Mar 17, 1980

Employees

17,987

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	5,894,000 -16.20%	7,033,000 -0.07%	7,038,000 8.44%
Cost of revenue	(1,738,000)	2,780,000	2,812,000
Unusual Expense (Income)
NOPBT	7,632,000	4,253,000	4,226,000
NOPBT Margin	129.49%	60.47%	60.05%
Operating Taxes	196,000	422,000	642,000
Tax Rate	2.57%	9.92%	15.19%
NOPAT	7,436,000	3,831,000	3,584,000
Net income	967,000 -49.56%	1,917,000 -26.97%	2,625,000 95.46%
Dividends	(911,000)	(854,000)	(823,000)
Dividend yield	6.78%	5.25%	3.72%
Proceeds from repurchase of equity	(37,000)	(38,000)	(1,117,000)
BB yield	0.28%	0.23%	5.04%
Debt
Debt current	3,053,000	5,386,000	588,000
Long-term debt	19,559,000	24,699,000	12,638,000
Deferred revenue			11,719,000
Other long-term liabilities	151,037,000	(19,307,000)	(12,630,000)
Net debt	(48,106,000)	(26,865,000)	(109,314,000)
Cash flow
Cash from operating activities	2,903,000	4,469,000	1,153,000
CAPEX	(142,000)	(108,000)	(66,000)
Cash from investing activities	1,417,000	(10,934,000)	(15,068,000)
Cash from financing activities	(4,266,000)	6,439,000	13,737,000
FCF	25,924,000	(1,714,000)	2,668,000
Balance
Cash	11,758,000	4,554,000	57,287,000
Long term investments	58,960,000	52,396,000	65,253,000
Excess cash	70,423,300	56,598,350	122,188,100
Stockholders' equity	14,200,000	13,078,000	17,124,000
Invested Capital	174,081,000	182,121,000	168,899,000
ROIC	4.18%	2.18%	2.23%
ROCE	4.05%	2.18%	2.26%
EV
Common stock shares outstanding	932,759	933,059	957,414
Price	14.40 -17.34%	17.42 -24.69%	23.13 40.95%
Market cap	13,431,730 -17.36%	16,253,888 -26.60%	22,144,986 38.44%
EV	(32,174,270)	(8,111,112)	(85,269,014)
EBITDA	7,766,000	4,390,000	4,258,000
EV/EBITDA
Interest	4,014,000	885,000	296,000
Interest/NOPBT	52.59%	20.81%	7.00%