KeyCorp (KEY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Key Corp's second quarter 2026 earnings conference call. My name is Megan and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. 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 and I would now like to turn the conference over to Troy Gates, Key Corp's 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 second quarter 2026 earnings conference call. I'm here with Chris Gorman, our chairman and chief executive officer, Clark Khayat, our chief financial officer, and Mo Rahmani, 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, July 21st, 2026, and will not be updated. With that, I will turn it over to Chris. Thank you, Troy, and good morning, everyone. Our second quarter results reflect strong business momentum and continued progress against our strategic and financial commitments. We reported second quarter earnings of 44 cents per share, up 26% year over year. Revenue grew 7% year over year and pre-provision net revenue grew 9%. Net interest margin expanded sequentially to 2.89% and we a...