KeyCorp (KEY) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Key Corp's first quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. Later, we will conduct a question and answer session. If you would like to ask a question during that time, simply press star 1 on your telephone keypad. As a reminder, this conference is being recorded. I would now like to turn the conference over to Brian Monning, Key Corp Director of Investor Relations. Please go ahead. Thank you, Operator, and good morning, everyone. I'd like to thank you for joining Key Corp's first quarter 2026 earnings conference call. I'm here with Chris Gorman, our chairman and chief executive officer, Clark Kyatt, our chief financial officer, and Mo Romani, our chief risk officer. As usual, we will reference our earnings presentation slides, which can be found in the investor relations section of the key.com website. In the back of the presentation, you will find our statement on forward-looking disclosures and certain financial measures, including non-GAAP measures. This covers our earnings materials as well as remarks made on this morning's call. actual results may differ materially from forward-looking statements and those statements speak only as of today april 16 2026 and will not be updated with that i will turn it over to chris thank you brian and good morning everyone our strong first quarter performance demonstrates disciplined execution and significant momentum as we continue to deliver on our commitments we reported first quarter earnings of 44 cents per share up 33% year over year. Return on tangible common equity exceeded 13% as we continue to make significant progress with respect to our goal of 15% plus return on tangible common equity by year end 2027. Revenue grew 10% year over year, ...