KeyCorp (NYSE:KEY)
$ 18.81 -0.095 (-0.5%) Market Cap: 18.65 Bil Enterprise Value: 37.91 Bil PE Ratio: 1,881.00 PB Ratio: 1.30 GF Score: 69/100

Q4 2022 KeyCorp Earnings Call Transcript

Jan 19, 2023 / 03:00PM GMT
Release Date Price: $16.45 (-4.58%)
Operator

Good morning, and welcome to KeyCorp's Fourth 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 & CEO

Well, thank you for joining us for KeyCorp's Fourth Quarter 2022 Earnings Conference Call. Joining me on the call today are Don Kimble, our Chief Financial Officer; Clark Khayat, our Chief Strategy Officer. Upon Don's planned retirement, Clark will assume the CFO role; and also 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'm now moving to Slide 3. This morning, we reported earnings of $356 million or $0.38 per common share. Our results included $265 million of provision for credit losses, which exceeded net charge-offs by $224 million or $0.20 a share. The

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