KeyCorp (NYSE: KEY), a provider of retail and commercial banking services, on Thursday reported an increase in adjusted earnings for Q3 FY25 when the company’s interest income rose in double digits.
Q3 revenue more than doubled to $1.9 billion; net interest income rose 24% YoY to $1.19 billionNet income from continuing operations attributable to shareholders was $454 million or $.41 per share in Q3, vs. a loss of $447 million or $0.47 per share last yearOn an adjusted basis, net income from continuing operations rose to $0.41 per share from $0.30 per share in Q3 2024Book value at period end was $15.86, compared to $14.53 in the third quarter of last yearReturn on average tangible common equity was 12.5% in the September quarter; return on average total assets came in at 1.04%Average deposits totaled $150.4 billion in the third quarter, an increase of $2.6 billion compared to the year-ago quarterProvision for credit losses for the third quarter was $107 million, compared to $95 million in the third quarter of 2024
