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Ⓡ KEYCORP REPORTS THIRD QUARTER 2021 NET INCOME OF $ 616 MILLION , OR $ .65 PER DILUTED COMMON SHARE Positive operating leverage compared to the year - ago period Record third quarter revenue , up 8 % from the year - ago period Record third quarter noninterest income , up 17 % from the year - ago period Strong credit quality : net charge - offs to average loans of 11 basis points Entered into accelerated share repurchase program : aided by capital relief from sale of indirect auto loan portfolio CLEVELAND , October 21 , 2021 - KeyCorp ( NYSE : KEY ) today announced net income from continuing operations attributable to Key common shareholders of $ 616 million , or $ .65 per diluted common share for the third quarter of 2021. This compared to $ 698 million , or $ .72 per diluted common share , for the second quarter of 2021 and $ 397 million , or $ .41 per diluted common share , for the third quarter of 2020 . Our results this quarter continue to reflect the strength of our distinctive business model , strong risk management practices , and significant momentum from recent investments in teammates and digital capabilities . We delivered positive operating leverage with record third quarter revenue , reflecting broad - based growth across our businesses . We continue to add and deepen relationships in both our consumer and commercial businesses . Importantly , we achieved record consumer loan originations and record investment banking results for the quarter . Our strong risk culture and disciplined underwriting practices continue to result in positive credit trends . Credit quality remained strong this quarter , with lower nonperforming loans and net charge - offs as a percent of loans of 11 basis points . In the third quarter , we entered into an accelerated share repurchase program which was supported by capital relief generated from the sale of our nonstrategic indirect auto loan portfolio . We remain committed to our capital priorities and maximizing stakeholder value . - Chris Gorman , Chairman and CEO