KeyCorp Files 8-K on Q4/FY23 Earnings & Financial Condition

Ticker: KEY-PL · Form: 8-K · Filed: Jan 18, 2024 · CIK: 91576

Keycorp /New/ 8-K Filing Summary
FieldDetail
CompanyKeycorp /New/ (KEY-PL)
Form Type8-K
Filed DateJan 18, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$1
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-results, 8-K, bank

TL;DR

**KeyCorp just dropped its Q4 and full-year 2023 earnings, giving us a look at their financial health.**

AI Summary

KeyCorp filed an 8-K on January 18, 2024, to announce its results of operations and financial condition, specifically for the period ending December 31, 2023. This filing also included the company's earnings release for the fourth quarter and full year 2023. This matters to investors because it provides crucial financial performance data, allowing them to assess the company's profitability, stability, and future prospects, which can directly influence stock price and investment decisions.

Why It Matters

This filing provides investors with KeyCorp's latest financial performance, including earnings, which is essential for evaluating the company's health and making informed investment decisions.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results, which is standard for public companies and does not inherently introduce new risks.

Analyst Insight

A smart investor would review the full earnings release attached to this 8-K to understand KeyCorp's detailed financial performance for Q4 and FY23, looking for trends in revenue, expenses, and profitability to inform their investment thesis.

Key Players & Entities

FAQ

What was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on January 18, 2024, which is the date of the filing itself, indicating the immediate disclosure of the financial results.

What specific financial information is included in this 8-K filing?

This 8-K filing includes information regarding KeyCorp's 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits,' specifically for the fourth quarter and full year ended December 31, 2023.

What is KeyCorp's trading symbol and on which exchange are its common shares registered?

KeyCorp's trading symbol is KEY, and its Common Shares, $1 par value, are registered on the New York Stock Exchange.

What is the purpose of an 8-K filing like this for KeyCorp?

The purpose of this 8-K filing is to promptly disclose material events or information that investors should know, in this case, KeyCorp's financial performance for the fourth quarter and full year 2023, as required by the Securities Exchange Act of 1934.

What is the state of incorporation for KeyCorp?

KeyCorp's state of incorporation is Ohio, as stated in the filing under 'State or other jurisdiction of incorporation or organization'.

Filing Stats: 686 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-01-18 06:49:16

Key Financial Figures

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition . On January 18, 2024, KeyCorp issued a press release announcing its financial results for the three- and twelve-month period ended December 31, 2023 (the "Press Release"), and posted on its website its fourth quarter 2023 Supplemental Information Package (the "Supplemental Information Package"). The Press Release and Supplemental Information Package are being furnished as Exhibit 99.1 and Exhibit 99.2, respectively. The information in the preceding paragraph, as well as Exhibit 99.1 and Exhibit 99.2 referenced therein, shall not be deemed "filed" for purposes of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act"). KeyCorp's Consolidated Balance Sheets and Consolidated Statements of Income (collectively, the "Financial Statements"), included as part of the Press Release, are filed as Exhibit 99.3 to this report. Exhibit 99.3 is deemed "filed" for purposes of Section 18 of the Exchange Act and, therefore, may be incorporated by reference in filings under the Securities Act.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . (d) Exhibits The following exhibits are furnished, or filed in the case of Exhibit 99.3, herewith: 99.1 Press Release, dated January 18, 2024, announcing financial results for the three- and twelve-month period ended December 31, 2023 99.2 Supplemental Information Package reviewed during the conference call and webcast. 99.3 Financial Statements. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. KEYCORP (Registrant) Date: January 18, 2024 /s/ Douglas M. Schosser By: Douglas M. Schosser Chief Accounting Officer

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