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KeyCorp (KEY) investor relations material

KeyCorp Bank of America Financial Services Conference 2026 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Bank of America Financial Services Conference 2026 summary10 Feb, 2026

Business performance and strategic positioning

  • Raised $2.8 billion in 2024, using half to reposition the balance sheet, resulting in improved accretion and strong tailwinds into 2025 and 2026.

  • Achieved 44% PPNR growth, 23% NII growth, and 7.5% fee growth in 2025, with significant momentum in investment banking and middle market M&A.

  • Grew commercial clients by 4% in 2025, emphasizing client acquisition as a key driver for future growth.

  • Consumer accounts hold 25% more cash than pre-pandemic, with spending up 5% and strong wealth effects supporting financial health.

  • Hired 10% more bankers in key areas, with rapid productivity and record loan backlogs, positioning for continued growth in 2026.

Market trends and sector activity

  • Early 2026 shows $600 million loan and $900 million C&I growth, with renewed activity in real estate and middle market deals.

  • Power and renewables, healthcare, and basic industrials are sectors with heightened activity and strategic focus.

  • 60% of polled clients expect benefits from recent tax incentives, supporting optimism for CapEx and reshoring trends.

  • Policy uncertainty has dissipated post-Liberation Day, with businesses adapting to ongoing volatility.

Deposit and branch strategy

  • $88 billion in core retail deposits, with a bifurcated approach: mass affluent focus in the East and growth via in-migration and digital offerings in the West.

  • Penetration of mass affluent segment doubled in 24 months, bringing in $7 billion in deposits and AUM.

  • Western markets benefit from faster household and income growth, with 300 branches supporting expansion.

Middle market loan growth drivers and key sectors
Deposit growth strategy in East vs West
AI investment and regulatory burden reduction
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Q1 202616 Apr, 2026
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Frequently asked questions

Founded in 1825, KeyCorp is one of the oldest and stand-alone U.S. financial services companies, with bank subsidiaries operating under the brand names KeyBank, First Niagara Bank, and Adams National Bank. KeyCorp provides deposit, lending, cash management and investment services to individuals and institutions. It operates through two segments: Retail & Commercial Banking and Equipment Leasing & Finance. It offers a range of deposit products including checking accounts (located primarily in retail branches) and time deposits; loan products include commercial mortgages, commercial loans for real estate development and secured business funding solutions tailored to short-term liquidity needs.

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