Keycorp /New/ 8-K, filed Jun 13, 2022
Keycorp /New/ (KEY)
About this 8-K
Keycorp /New/ filed this 8-K on June 13, 2022.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure. |
KeyCorp will review its strategy, performance, and outlook at the Morgan Stanley US Financials, Payments & CRE Conference on June 13, 2022. A copy of the slides forming the basis of the presentation is attached hereto as Exhibit 99.1 and will be posted on KeyCorp’s website (www.key.com/ir) in connection with the conference. A live audio webcast will also be available at www.key.com/ir. A recording will also be available at www.key.com/ir after the event.
The information in this Item 7.01 and Exhibit 99.1 attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section, nor shall it be deemed incorporated by reference into the filings of KeyCorp under the Securities Act of 1933, as amended. The content of the KeyCorp website referenced herein and in the exhibit are not incorporated into this Current Report on Form 8-K.
| Item 9.01 | Financial Statements and Exhibits. |
| 99.1 | KeyCorp Presentation Slides, Morgan Stanley US Financials, Payments & CRE Conference | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| KeyCorp | ||||||
| Date: June 13, 2022 | ||||||
| By: | /s/ Donald R. Kimble | |||||
| Name: | Donald R. Kimble | |||||
| Title: | Chief Financial Officer | |||||
KeyCorp Morgan Stanley US Financials, Payments & CRE Conference June 13, 2022 Don Kimble Vice Chairman and Chief Financial Officer Chris Gorman Chairman and Chief Executive Officer Exhibit 99.1
This communication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 including, but not limited to, KeyCorp’s expectations or predictions of future financial or business performance or conditions. Forward-looking statements are typically identified by words such as “believe,” “seek,” “expect,” “anticipate,” “intend,” “target,” “estimate,” “continue,” “positions,” “plan,” “predict,” “project,” “forecast,” “guidance,” “goal,” “objective,” “prospects,” “possible,” “potential,” “strategy,” “opportunities,” or “trends,” by future conditional verbs such as “assume,” “will,” “would,” “should,” “could” or “may”, or by variations of such words or by similar expressions. These forward-looking statements are based on assumptions that involve risks and uncertainties, which are subject to change based on various important factors (some of which are beyond KeyCorp’s control.) Actual results may differ materially from current projections. Actual outcomes may differ materially from those expressed or implied as a result of the factors described under “Forward-looking Statements” and “Risk Factors” in KeyCorp’s Annual Report on Form 10-K for the year ended December 31, 2021, and in other filings of KeyCorp with the Securities and Exchange Commission (the “SEC”). Such forward-looking statements speak only as of the date they are made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. For additional information regarding KeyCorp, please refer to our SEC filings available at www.key.com/ir. 2 Forward-looking Statements and Additional Information
KEY: Driving Sustainable Growth and Returns 3 Driving Positive Operating Leverage Metrics that Matter Clear opportunities to execute on our targeted scale strategy and deliver sound, profitable growth Benefiting from strong loan growth and higher rates – now and in the future Strong loan growth driven by commercial and consumer Providing clients a full range of capabilities – both on and off-balance sheet Challenging environment for capital markets – positive long-term outlook Investment banking fees in 2Q22 expected to be slightly below 1Q22 levels Remaining at the forefront of delivering client-centric, digital first solutions Laurel Road growth accelerated by acquisition of GradFin and new offering for nurses Maintaining strong expense discipline, while continuing to invest Continuing to invest in teammates, digital and niche businesses Expenses in 2Q22 expected to be relatively stable with 1Q22 levels Retaining strong risk culture and portfolio discipline Maintaining strong credit and disciplined underwriting Laurel Road 250K Total member households by 2025 Commercial +25% Increase in senior bankers by 2025 Consumer +20% Growth in relationship households by 2025 Specific, measurable growth targets:
KeyCorp Morgan Stanley US Financials, Payments & CRE Conference Fireside Chat Don Kimble Vice Chairman and Chief Financial Officer Chris Gorman Chairman and Chief Executive Officer