KeyCorp (FRA:KEY)
€ 17.364 -0.014 (-0.08%) Market Cap: 17.23 Bil Enterprise Value: 35.56 Bil PE Ratio: 1,831.00 PB Ratio: 1.26 GF Score: 62/100

Q3 2022 KeyCorp Earnings Call Transcript

Oct 20, 2022 / 12:00PM GMT
Release Date Price: €16.79 (-2.30%)
Operator

Good morning, and welcome to KeyCorp's Third Quarter 2022 Earnings Conference Call. As a reminder, this conference is being recorded. I would now like to turn the conference over to the Chairman and CEO, Chris Gorman. Please go ahead.

Christopher Marrott Gorman
KeyCorp - Chairman, President & CEO

Well, thank you for joining us for KeyCorp's Third Quarter 2022 Earnings Conference Call. Joining me on the call today are Don Kimble, our Chief Financial Officer; Clark Khayat, our Chief Strategy Officer; and Mark Midkiff, our Chief Risk Officer.

On Slide 2, you will find our statement on forward-looking disclosure and non-GAAP financial measures. It covers our presentation materials and comments as well as the question-and-answer segment of our call.

I am now moving to Slide 3. This morning, we reported earnings of $513 million or $0.55 per common share. Our results included $0.06 per share of additional loan loss provision in excess of net charge-offs. Revenue was up 5% relative to the second quarter, driven by higher net interest income,

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