filecrux
Oct 20, 10:40 AM
$KEY KeyCorp, the Cleveland-based bank with ~
$193B in assets, grew Q3 2026 diluted EPS 24% YoY, but book value per share fell 7.3% in the quarter to
$15.01 as its accumulated other comprehensive loss widened to
$3.87B from
$2.35B. That non-cash mark sits in equity, not earnings;
$3.22B of it, from securities and pension, cut marked CET1 to 9.0% from 9.8%, under its 9.5-10% long-term target. Other side: AOCI is excluded from regulatory CET1, still 11.1%, and 2026 charge-off guidance fell to 37-39 bps from 40-45. Next: Q4 margin exit rate guided ~3.00%.
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