Net Interest Income Growth
Net interest income (taxable-equivalent) grew $108 million, or 9.4%, in Q2 2026, driven by lower deposit costs as rates declined, reinvestment of proceeds from maturing low-yielding securities and swaps into higher-yielding assets, and a favorable shift in loan mix toward commercial and industrial loans.
Provision for Credit Losses Decreased
The provision for credit losses declined to $92 million from $138 million a year ago, largely because the prior-year period included reserve builds that were not repeated.
Fee-Based Business Growth
KeyCorp's priority fee-based businesses—investment banking, commercial payments, and wealth management—collectively grew 8% in the first half of 2026, contributing to revenue diversification.