Key Corporate Bank is a full-service corporate and investment bank focused principally on serving the needs of middle market clients in seven industry sectors: consumer, energy, healthcare, industrial, public sector, real estate and technology. Key Corporate Bank delivers a broad product suite of banking and capital markets products to its clients, including syndicated finance, debt and equity capital markets, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance.

Type
Public
HQ
Cleveland, US
Founded
1994
Size (employees)
15,700 (est)
Website
key.com
KeyCorp was founded in 1994 and is headquartered in Cleveland, US
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KeyCorp Office Locations

KeyCorp has offices in Hamilton, Harrison County, Columbia, Bloomfield and in 206 other locations
Cleveland, US (HQ)
127 Public Square
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KeyCorp Financials and Metrics

KeyCorp Financials

KeyCorp's revenue was reported to be $5.02 b in FY, 2016 which is a 91.6% increase from the previous period.
USD

Net income (FY, 2017)

1.3 b

EBIT (FY, 2017)

3.8 b

Market capitalization (23-Apr-2018)

21.6 b

Cash (31-Dec-2017)

671 m

EV

35.3 b
KeyCorp's current market capitalization is $21.6 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

2.6 b2.6 b2.6 b5 b

Revenue growth, %

(3%)3%92%

Cost of goods sold

274 m400 m613 m

Gross profit

2.3 b4.6 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

1.1 b1.1 b1.1 b1.2 b1.4 b1.6 b1.8 b1.7 b

Cost of goods sold

68 m70 m79 m87 m110 m132 m144 m161 m

Gross profit

1.1 b1.1 b1 b1.1 b1.3 b1.5 b1.6 b1.5 b

Gross profit Margin, %

94%94%93%92%92%92%92%91%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

617 m653 m607 m677 m671 m

Accounts Receivable

4.1 m

Inventories

PP&E

885 m841 m779 m978 m930 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

748 m409 m604 m651 m506 m693 m470 m474 m496 m749 m549 m601 m562 m

PP&E

890 m862 m844 m832 m806 m788 m771 m750 m742 m1 b935 m919 m916 m

Goodwill

979 m979 m979 m1.1 b1.1 b1.1 b1.1 b1.1 b1.1 b2.5 b2.4 b2.5 b2.5 b

Total Assets

90.7 b90.8 b91.8 b89.8 b94.2 b94.6 b95.4 b98.4 b101 b136 b134 b136 b137 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

910 m907 m920 m790 m1.3 b

Inventories

Accounts Payable

Cash From Operating Activities

1.6 b1.3 b1.1 b1.7 b1.8 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

680 m242 m467 m653 m235 m474 m691 m188 m389 m562 m325 m737 m1.1 b

Cash From Operating Activities

1 b156 m263 m465 m(1.1 b)59 m249 m373 m724 m860 m(405 m)(589 m)1.1 b

Purchases of PP&E

(4.6 b)(618 m)(1.2 b)(2 b)(403 m)(2.5 b)(3.3 b)(610 m)(1.6 b)(4.2 b)(195 m)(723 m)(2.7 b)

Cash From Investing Activities

(1.4 b)1.7 b1.1 b1.5 b582 m(835 m)(1.4 b)(3.3 b)(6.2 b)(4.4 b)1.9 b1.3 b(833 m)
USDY, 2017

EV/EBIT

9.3 x

EV/CFO

19.4 x

Financial Leverage

9.2 x
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KeyCorp Operating Metrics

KeyCorp's Total Loans was reported to be $86.5b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

ATMs

1.29 k1.26 k1.59 k

Bank Branches

994 966 1.22 k

Non-performing Loans

$190 m$437 m$419 m$437 m$387 m$676 m$619 m$723 m$625 m$573 m$507 m

Total Loans

$57.38 b$57.95 b$58.26 b$60.09 b$59.88 b$60.44 b$62.10 b$85.53 b$86.04 b$86.13 b$86.50 b
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KeyCorp News and Updates

KeyCorp CEO Beth Mooney Wants Looser Bank Regulations

She’s not worried about repeating “sins of the past.”

KeyBanc Capital Markets to acquire Cain Brothers

KeyBanc Capital Markets Inc has agreed to buy New York City-based Cain Brothers & Company, a healthcare-focused M&A investment bank. No financial terms were disclosed. Freeman & Co. Securities LLC advised Cain Brothers on the transaction. The deal is expected to close in late 2017.

US banks pass the first round of the Fed's annual stress tests

America's 34 largest banks have all passed the first stage of the Federal Reserve's annual stress tests, meaning they would have enough capital to meet regulatory requirements during a severe economic crisis. The two-part test revealed that the biggest US lenders would be hit by $383bn in loan lo…
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