KeyCorp (KEY) 10-K Summary — Year Ended Dec 31, 2025
KeyCorp is a bank holding company headquartered in Ohio, operating through KeyBank. The company reported a rise in revenue and positive net income and operating cash flow for the fiscal year.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
KeyCorp is a bank holding company headquartered in Ohio, operating through KeyBank. The company reported a rise in revenue and positive net income and operating cash flow for the fiscal year.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$1.7B
Revenue reported for the fiscal year.
Operating income
n/a
Income from operations reported for the year.
Net income
$1.8B
Net income reported for the year.
Operating cash flow
$2.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $1.6B | -78.1% |
| Dec 31, 2023 | $1.4B | -10.0% |
| Dec 31, 2024 | $1.6B | +14.5% |
| Dec 31, 2025 | $1.7B | +6.5% |
Business overview
KeyCorp provides retail and commercial banking, leasing, investment management, and other financial services through its principal subsidiary KeyBank. It operates two major segments: Consumer Bank and Commercial Bank, with a network of 940 branches and 1,120 ATMs across 15 states.
Financial performance
Revenue increased compared to the prior year. Net income and operating cash flow were reported, with operating cash flow exceeding revenue.
Material risks
KeyCorp faces risks from extensive financial regulation, cybersecurity threats, operational failures, and litigation. Additional risks include evolving capital and liquidity standards, disruption of financial markets, and reliance on dividends from its bank subsidiary.
Liquidity and capital
The company's liquidity and capital position are subject to regulatory standards, and it relies on dividends from KeyBank to fund its operations.
What to watch
Monitor the impact of evolving capital and liquidity regulations on the company's financial position.