KeyCorp plans to repurchase at least $1.3 billion in shares to signal financial strength. The bank expects its Clearwater acquisition to generate $60 million to $70 million in additional revenue next year.
Management reaffirmed the 2026 outlook. The bank projects loan growth of 4-5%. The bank also expects deposits to rise by more than 2% during the second half of the year.
Credit quality trends are improving as nonperforming assets decline. These updates follow a recent increase in the bank's full-year 2026 revenue guidance.