KeyCorp reported third-quarter 2026 net income of $537 million, or $0.51 per diluted share, up from $454 million, or $0.41 per share, a year earlier. Diluted earnings per share rose 24% year-over-year. Revenue hit a record $2.04 billion, up 8% from a year ago and 4% from the second quarter. Net interest margin rose to 2.95%, up 20 basis points year-over-year. Average deposits grew $3.6 billion from the previous quarter, while average loans increased $1.5 billion. Investment banking and debt placement fees climbed 27% sequentially. Net loan charge-offs fell to $89 million from $114 million a year earlier. The bank repurchased $320 million of common shares and reported a Common Equity Tier 1 ratio of 11.1%. Chief executive officer Chris Gorman said Key expects to reach a return on tangible common equity of 15% or more by the end of 2027.

KeyCorp has renewed its multi-year partnership with Kroenke Sports & Entertainment, extending KeyBank's branding across major Colorado sports venues. The deal covers Ball Arena, the Avalanche partnership and the new KeyBank Ice Deck. The agreement adds a Small Business Spotlight programme, which showcases Colorado firms across TV, radio, digital and in-game segments. KeyCorp aims to turn that visibility into new deposits, loans and payment relationships. The US$21.2b banking group also named Mike Keane chief operating officer of Key Wealth. His role targets better delivery of planning, investment and fiduciary services. Both moves fit KeyCorp's push to grow fee income in payments and wealth alongside interest income.