Keycorp (KEY) FY2024 results: revenue $4.6 billion, down 28.3% on the year
Keycorp (KEY) reported revenue of $4.6 billion for fiscal 2024, the year ended 31 December 2024, down 28.3% on the year before. Net income was -$161 million, and diluted earnings per share $-0.32. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$4.6 billion
-28.3% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
-$161 million
FY2017FY2024
Diluted EPS
-$0.32
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
664
2,903
4,469
-77.1%
Capital expenditure
65.0
142
96.0
-54.2%
Free cash flow
599
2,761
4,373
-78.3%
Cash from investing
2,497
1,417
-10,934
+76.2%
Cash from financing
-2,359
-4,266
6,439
Depreciation and amortisation
91.0
89.0
96.0
+2.2%
Share-based compensation
104
121
120
-14.0%
Buybacks
n/a
0.0
0.0
Dividends paid
927
911
854
+1.8%
Dividend per share
$0.82
$0.82
$0.79
0.0%
Diluted shares, weighted
950m
933m
933m
+1.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
18,176
14,637
13,454
+24.2%
Deposits
149,760
145,587
142,595
+2.9%
Repurchase agreements
14.0
38.0
4,077
-63.2%
Debt
14,249
22,645
28,770
-37.1%
Other liabilities
4,969
5,374
917
-7.5%
Total liabilities and equity
187,168
188,281
189,813
-0.6%
Goodwill
2,752
2,752
2,752
0.0%
Intangible assets
27.0
55.0
94.0
-50.9%
Investments
17,504
10,817
2,432
+61.8%
Loans
102,851
111,098
118,057
-7.4%
Securities borrowed
0.0
0.0
0.0
Trading assets
1,283
1,142
829
+12.3%
Cash and equivalents
1,743
941
887
+85.2%
Other assets
61,008
61,476
64,762
-0.8%
Total assets
187,168
188,281
189,813
-0.6%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.