Keycorp · NYSE:KEY
Keycorp — BancAnalysts Association of Boston Conference 2023
11 slides from Keycorp's conference presentation, Nov 2, 2023
Slide 1: BancAnalysts Association of Boston Conference
BancAnalysts Association of Boston Conference November 2, 2023 Clark Khayat Angela Mago Randy Paine Chief Financial Officer Head of Commercial Banking Head of Institutional Banking
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: Differentiated and Durable Commercial Platforms
Differentiated and Durable Commercial Platforms We have a differentiated and targeted, full-service platform delivered through a unique, relationship-based approach that enables us to deliver unparalleled solutions to our clients, while maintaining our moderate risk profile A Broad Set of Client Sol
Slide 4: Focus on Primacy Drives Deposit Growth
Focus on Primacy Drives Deposit Growth Our focus on primacy, which we have prioritized for years, is reflected in the quality and diversity of our deposit base Stable, Granular Deposit Base Average Commercial Deposits Granular Deposit Base $ in billions +52% in commercial deposits ~96% $55.6 $54.9 o
Slide 5: Supporting Relationship Clients
Supporting Relationship Clients Differentiated solutions that prioritize full relationship clients with on and off-balance sheet solutions High-quality Loan Portfolio 3Q23 Average Commercial Loans Strategic Capabilities and Initiatives • Focused on full relationships with targeted clients 4% • Reduc
Slide 6: Relationship Driven Business Model
Relationship Driven Business Model Our industry focused, relationship driven strategy combined with the breadth and depth of our platform delivers high-value fee income streams, shown through our strong historical performance in investment banking Relationship Strategy Durable Investment Banking Fee
Slide 7: Commercial Real Estate Overview
Commercial Real Estate Overview Key’s unique balance sheet positioning, driven by our targeted on and off-balance sheet solutions, generates fee income and market insights to inform Key’s on-balance sheet decisions Key’s Balance Sheet Positioning… …driven by targeted segments… …generates fee income
Slide 8: Sound Credit Risk Management
Sound Credit Risk Management We have meaningfully de-risked our business by leveraging our ability to distribute risk into the capital markets Repositioning of The Portfolio $ in billions Pre-Crisis (3Q06) 3Q23 Δ Total Commercial Loans $47.6 $81.6 +71% Construction Balances $8.0 $2.8 (65%) Office as
Slide 9: Affordable Housing Overview
Affordable Housing Overview Well-positioned in the affordable housing space, a market that is expected to experience continued secular growth due to bipartisan support in Washington, D.C. and a shortage in affordable rental housing Significant Need with Substantial Benefits Affordable Housing Overvi
Slide 10: Appendix
Appendix
Slide 11: Outlook
Outlook 4Q23 (vs. 3Q23) FY2023 (vs. FY2022) • Loans: down 1% - 3% • Loans: up 6% - 9% Average Balance Sheet • Deposits: relatively stable • Deposits: flat to down 2% Net Interest Income (TE) • Net interest income: relatively stable • Net interest income: down 12% - 14% Noninterest Income • Nonintere
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