Executive Brief

  • KeyCorp posted an investor presentation on September 26, 2025, outlining its business model, financial position, and strategic progress (Item 7.01, Exhibit 99.1).
  • The presentation highlights a strong foundation with $185 billion in assets, $147 billion in deposits, and $106 billion in loans as of June 30, 2025 (Exhibit 99.1).
  • KeyCorp emphasizes a relationship-based business model, risk management excellence with a 10-year average net charge-off ratio of 29 basis points, and a leading capital and liquidity position (Exhibit 99.1).
  • The company has raised over $135 billion of capital on behalf of clients in the trailing 12 months (3Q24-2Q25) and maintains expense discipline while investing in growth (Exhibit 99.1).
  • Strategic milestones include balance sheet strengthening, $14 billion reduction in risk-weighted assets, exiting vendor finance, and divesting indirect auto portfolio (Exhibit 99.1).
  • KeyCorp reports upward revisions to net interest income and loan targets as of 2Q25 earnings and received a Fitch credit rating upgrade and Moody’s positive outlook (Exhibit 99.1).
  • The presentation is intended for investor and analyst communications and is available on KeyCorp’s investor relations website (Item 7.01).
  • No other Items such as financial statements, director changes, or material definitive agreements were disclosed in this filing (Item 9.01 limited to exhibits).
  • The information is new and not previously filed in this form; the presentation may be used in future investor communications (Item 7.01).
  • No forward-looking statement disclaimers or materiality qualifiers are explicitly noted in the 8-K text but likely present in the presentation (Item 7.01).

Item-by-Item Analysis

Item 7.01 – Regulation FD Disclosure

  • What happened: KeyCorp posted an investor presentation on September 26, 2025, to its website and may use it in investor and analyst discussions.
  • Parties/terms: Presentation prepared by KeyCorp management including Brian Mauney (Director of Investor Relations), Chris Gorman (Chairman & CEO), and Tim Schmidt (Corporate Treasurer).
  • Content highlights:
    • Strong foundation with $185B assets, $147B deposits, $106B loans as of 6/30/2025.
    • Relationship-based business model with a 10-year average net charge-off ratio of 29bps.
    • Raised over $135B capital on behalf of clients in trailing 12 months.
    • Strategic progress includes $14B RWA reduction, expense savings >$400M, divestitures, and credit rating upgrades.
    • Upward revisions to net interest income and loan targets as of 2Q25 earnings.
    • Focus on expense discipline, investments in people and technology, and fee-based business growth.
  • Conditions/closing: None applicable.
  • Source: (Item 7.01, entire section), (Exhibit 99.1).

Item 9.01 – Financial Statements and Exhibits

  • Exhibits filed:
    • Exhibit 99.1: KeyCorp Investor Presentation dated September 26, 2025.
    • Exhibit 104: Cover Page Interactive Data File embedded in Inline XBRL.
  • No financial statements or pro forma filings included.
  • Source: (Item 9.01, para d).

Exhibits Summary

  • Exhibit 99.1: Investor presentation provides detailed metrics on KeyCorp’s financial position, business model, strategic initiatives, and outlook.
  • Key incremental details include:
    • Asset and deposit balances as of mid-2025.
    • Historical and recent strategic actions (e.g., RWA reduction, divestitures).
    • Credit rating upgrades.
    • Revised financial targets for net interest income and loans.
    • Emphasis on risk management and capital strength.
  • No agreements or other materials attached.

Financial & Dilution Impact

  • Assets: $185 billion (6/30/2025).
  • Deposits: $147 billion.
  • Loans: $106 billion.
  • Raised over $135 billion capital on behalf of clients in trailing 12 months.
  • Expense savings of over $400 million realized from prior initiatives.
  • No direct dilution or share issuance disclosed.
  • Credit rating upgrade from Fitch and positive outlook from Moody’s may reduce borrowing costs.
  • Upward revision of net interest income and loan targets indicates improved financial outlook.

Timeline & Required Actions

  • Presentation dated and posted on September 26, 2025.
  • No specific closing conditions, approvals, or deadlines disclosed.
  • Future use of presentation in investor communications anticipated.
  • No shareholder meetings or votes referenced.

Risks & Monitoring

  • No explicit risk factors or material adverse change clauses disclosed in this filing.
  • Credit rating upgrades and positive outlook reduce near-term credit risk.
  • Monitoring needed on execution of growth investments and expense discipline.
  • Watch for updates on financial targets and capital deployment strategies.

Metadata & Quality Checks

  • No OCR or parsing issues detected.
  • Non-GAAP reconciliation referenced in presentation appendix but not detailed in 8-K.
  • Forward-looking statements likely present in presentation but not explicitly in 8-K text.
  • No conflicts or related-party transactions disclosed.

Final Checklist

  • Items disclosed: 7.01, 9.01 (Exhibits only).
  • No financial statements or material agreements filed.
  • Presentation available on company website.
  • No officer/director changes or other material events reported.

Summary

KeyCorp’s 8-K dated September 26, 2025, primarily serves to disseminate an updated investor presentation highlighting its strong financial foundation, strategic progress, and positive outlook. The company reports solid asset and deposit growth, risk management strength, and credit rating improvements, supporting its targeted scale growth strategy. Investors should monitor execution of growth initiatives and updated financial targets in future disclosures.

Original Filing