Keycorp · NYSE:KEY
Keycorp — Bank of America Securities 2024 Financial Services Conference
7 slides from Keycorp's conference presentation, Feb 20, 2024
Slide 1: Bank of America Securities 2024 Financial Services Conference
Bank of America Securities 2024 Financial Services Conference Chris Gorman Chairman and Chief Executive Officer
Slide 2: Forward-looking Statements and Additional Information
Forward-looking Statements and Additional Information This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, KeyCorp’s expectations or predictions of future financial or business performance or
Slide 3: Positioned for the Future
Positioned for the Future Actions taken in 2023 position Key to play more offense moving forward Franchise Momentum New Environment Core Funded NII Opportunity High-Quality Portfolio Relationship household, client Strengths play to new regulatory Core funded balance sheet Clearly defined net interes
Slide 4: Appendix
Appendix
Slide 5: 2024 Outlook
2024 Outlook FY 2024 Growth (vs. FY 2023) • Average Loans: down 5 - 7% | EOP Loans: relatively stable vs. YE23 balances Balance Sheet • Average Deposits: flat to down 2% • Net interest income: down 2 - 5% Net Interest Income (TE) ➢ Up low-single digits vs. 4Q23 annualized exit rate ➢ 10%+ 4Q24 vs. 4
Slide 6: KEY: Commercial Real Estate
KEY: Commercial Real Estate High-quality CRE portfolio has relatively limited exposure and is diversified by property type and geography Nonowner-Occupied CRE Loan Portfolio Composition As a % Total Loans As a % Total Loans Office Highlights All banks • $0 nonowner-occupied construction >$10Bn asset
Slide 7: Commercial Real Estate: Multifamily
Commercial Real Estate: Multifamily Business leverages our originate-to-distribute model and is a mixture of market rate and affordable housing Multifamily Portfolio Highlights Affordable Housing Loan Portfolio Highlights ▪ Diversified - no more than 4% of Multifamily Loans concentrated in any marke
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