KeyCorp's roots trace back nearly 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of approximately $188 billion on December 31, 2023.
15
States
40,000+
ATMs
KeyBank and Allpoint ATMs nationwide
~1,000
Full-Service Branches
$188.3 billion
Assets
(as of 12/31/23)
$6.4 billion
Revenue
(FY 2023)
~17,000
Full-time equivalent (FTE) Employees
Where You'll Find Us
KeyBank is one of the nation’s largest, bank-based financial services companies, making it easy for you to bank where you live.
- Key Consumer Bank branches & Key Commercial Bank offices
- Additional KeyCorp offices
Key at a Glance
Headquarters |
127 Public Square, Cleveland, OH 44114 |
|---|---|
Website |
Key.com® |
Toll-Free Number |
800-KEY2YOU® (800-539-2968) Clients using a TDD/TTY device: 1-800-539-8336 |
Service Area |
Consumer Banking in 15 states; Commercial Banking (offices) across the U.S. |
Financial Data
Select financial data from continuing operations for the three-month period ended 12/31/2023.
Dollars are in millions, except per share amounts.
Income attributable to Key common shareholders1 |
$30 |
|---|---|
Income attributable to Key common shareholders – EPS1 |
$0.03 |
Average assets |
$187,243 |
Average loans |
$113,948 |
Average deposits2 |
$145,076 |
Average equity |
$13,471 |
Common shares outstanding (thousands) |
936,564 |
| Per Common Share | |
Book value at period end |
$13.02 |
Tangible book value at period end |
$10.02 |
Market price at period end |
$14.40 |
About Our Business
Our management structure and basis of presentation is divided into two business segments, Consumer Bank and Commercial Bank.
The Consumer Bank serves individuals and small businesses throughout our 15-state branch footprint and through our national Laurel Road® digital lending business targeted toward healthcare professionals by offering a variety of deposit and investment products, personal finance and financial wellness services, lending, student loan refinancing, mortgage and home equity, credit card, treasury services, and business advisory services. In addition, wealth management and investment services are offered to assist nonprofit and high-net-worth clients with their banking, trust, portfolio management, charitable giving, and related needs.
The Commercial Bank includes our Institutional and Commercial operating segments. The Commercial operating segment is a full-service corporate bank focused principally on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate, and technology. The Commercial operating segment is also a significant servicer of commercial mortgage loans and a significant special servicer of commercial-backed mortgage security. The Institutional operating segment delivers a broad suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance.
1
Reflects $209 million of after-tax expenses, or $.22 per share, from the following selected items that impacted earnings: FDIC special assessment, efficiency-related expenses, and a pension settlement charge. For more detail, please review the Selected Items Impact on Earnings table on page 25 of the fourth quarter 2023 Earnings Release.
2
Excludes deposits in foreign office.
All credit products are subject to credit approval.