KEY - KeyCorp Beats Q3 EPS Estimates Provision For Credit Losses Down 26% | Benzinga
KeyCorp (NYSE: KEY) reported third-quarter (Q3) FY23 revenues of $1.566 billion, down 17.0% Y/Y, in line with the consensus.
Net interest income was down 23.3% Y/Y to $923 million, with net interest margin of 2.01% (-73 basis points Y/Y), due to higher interest-bearing deposit costs and a shift in funding mix to higher cost deposits and borrowings.
Consumer Bank revenue fell 9.8% Y/Y ...