Oct 21, 2021 / 02:00PM GMT
Christopher Marrott Gorman - KeyCorp - Chairman, President & CEO
And 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 another strong quarter with net income of $616 million or $0.65 a share. We delivered positive operating leverage and expect to generate positive operating leverage for the full year. We delivered record third quarter revenue, which was up 8% from the year ago period. Our results were driven by growth in both net interest income and noninterest income. Noninterest income reached a record third quarter level, up 17% from the same period last year. The increase was driven by broad-based growth across our fee-based businesses, including investment banking, which was up 61%. I am especially proud of the way our teammates continue to serve our communities and clients and in doing so, creating new and deeper relationships
Q3 2021 KeyCorp Earnings Call Transcript
Jan 23, 2024
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