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# KeyCorp Reports Q1 2025 Revenue Up 16% Year-on-Year with Record First-Quarter Investment Banking Fees and New $1 Billion Buyback
- URL: https://www.theglobalbanker.com/keycorp-reports-q1-2025-revenue-up-16-percent-record-investment-banking-fees-1-billion-buyback/
- Published: 2025-04-17T11:24:00.000Z
- Updated: 2026-10-02T13:56:54.000Z
- Description: KeyCorp posted Q1 2025 net income of $370m (EPS $0.33) and revenue of $1.8bn, up 16% year-on-year, with NIM expanding 17bps sequentially and record first-quarter IB fees.
- Author: TGB Editorial Team
- Tags: Banking News, Americas, #archive

KeyCorp reported first-quarter 2025 net income of $370 million, or $0.33 per diluted share, as total revenue climbed 16% year-on-year to $1.8 billion. 

Chairman and chief executive Chris Gorman said the results "marked a strong beginning to the year", with revenue up 16% year-on-year while expenses were essentially flat. 

#### NET INTEREST MARGIN AND CREDIT

Net interest margin expanded by 17 basis points on a sequential basis to 2.58%. Net interest income rose 4% quarter-on-quarter and 25% year-on-year. Management attributed the sequential margin gain to lower funding costs, including interest-bearing deposit costs, the second tranche of the securities repositioning completed in the fourth quarter, and the redeployment of low-yielding investments into higher-yielding securities.

Credit quality continued to improve during the quarter, with nonperforming assets down 9% and net charge-offs down 4% from the fourth quarter, and the net charge-off ratio stable at 0.43%. The CET1 ratio stood at 11.8% at 31 March 2025.

#### INVESTMENT BANKING FEES AND BUYBACK

Investment banking and debt placement fees of $175 million were a record for a first quarter. 

In March 2025, KeyCorp's board authorised a new share repurchase programme of up to $1 billion.