KEYCORP ANNOUNCES SHARE REPURCHASE PROGRAM
KeyCorp (NYSE: KEY) has announced a significant $1.0 billion share repurchase program authorized by its Board of Directors. The program, set to commence in the second half of 2025, will allow KeyCorp to purchase shares through open market or private transactions.
The timing, price, and volume of repurchases will be determined based on various factors, including market conditions, stock price, regulatory requirements, corporate liquidity needs, and other priorities. The company, celebrating its bicentennial in 2025, currently maintains assets of approximately $187 billion as of December 31, 2024, with operations spanning 15 states through approximately 1,000 branches and 1,200 ATMs.
KeyCorp (NYSE: KEY) ha annunciato un significativo programma di riacquisto di azioni da 1,0 miliardi di dollari autorizzato dal suo Consiglio di Amministrazione. Il programma, che inizierà nella seconda metà del 2025, consentirà a KeyCorp di acquistare azioni tramite transazioni sul mercato aperto o private.
I tempi, i prezzi e il volume dei riacquisti saranno determinati in base a vari fattori, tra cui le condizioni di mercato, il prezzo delle azioni, i requisiti normativi, le necessità di liquidità aziendale e altre priorità. L'azienda, che celebra il suo bicentenario nel 2025, attualmente mantiene attivi per circa 187 miliardi di dollari al 31 dicembre 2024, con operazioni che si estendono su 15 stati attraverso circa 1.000 filiali e 1.200 sportelli automatici.
KeyCorp (NYSE: KEY) ha anunciado un significativo programa de recompra de acciones de 1.0 mil millones de dólares autorizado por su Junta Directiva. El programa, que comenzará en la segunda mitad de 2025, permitirá a KeyCorp comprar acciones a través de transacciones en el mercado abierto o privadas.
El momento, el precio y el volumen de las recompras se determinarán en función de varios factores, incluidas las condiciones del mercado, el precio de las acciones, los requisitos regulatorios, las necesidades de liquidez corporativa y otras prioridades. La empresa, que celebra su bicentenario en 2025, mantiene actualmente activos por aproximadamente 187 mil millones de dólares a partir del 31 de diciembre de 2024, con operaciones que abarcan 15 estados a través de aproximadamente 1,000 sucursales y 1,200 cajeros automáticos.
KeyCorp (NYSE: KEY)는 이사회에서 승인한 10억 달러 규모의 자사주 매입 프로그램을 발표했습니다. 이 프로그램은 2025년 하반기에 시작될 예정이며, KeyCorp는 공개 시장 거래 또는 개인 거래를 통해 주식을 매입할 수 있습니다.
매입의 시기, 가격 및 규모는 시장 상황, 주가, 규제 요구 사항, 기업 유동성 필요 및 기타 우선 사항을 포함한 다양한 요인에 따라 결정됩니다. 2025년에는 200주년을 맞이하는 이 회사는 2024년 12월 31일 기준으로 약 1,870억 달러의 자산을 보유하고 있으며, 약 1,000개의 지점과 1,200개의 ATM을 통해 15개 주에서 운영되고 있습니다.
KeyCorp (NYSE: KEY) a annoncé un programme de rachat d'actions de 1,0 milliard de dollars significatif autorisé par son conseil d'administration. Le programme, qui doit commencer au second semestre 2025, permettra à KeyCorp d'acheter des actions par le biais de transactions sur le marché ouvert ou privées.
Le moment, le prix et le volume des rachats seront déterminés en fonction de divers facteurs, notamment les conditions du marché, le prix des actions, les exigences réglementaires, les besoins de liquidité de l'entreprise et d'autres priorités. L'entreprise, qui célèbre son bicentenaire en 2025, détient actuellement des actifs d'environ 187 milliards de dollars au 31 décembre 2024, avec des opérations s'étendant sur 15 États à travers environ 1 000 agences et 1 200 distributeurs automatiques.
KeyCorp (NYSE: KEY) hat ein bedeutendes Aktienrückkaufprogramm in Höhe von 1,0 Milliarden Dollar angekündigt, das von seinem Vorstand genehmigt wurde. Das Programm soll in der zweiten Hälfte des Jahres 2025 beginnen und ermöglicht es KeyCorp, Aktien über den offenen Markt oder private Transaktionen zu kaufen.
Der Zeitpunkt, der Preis und das Volumen der Rückkäufe werden basierend auf verschiedenen Faktoren bestimmt, einschließlich der Marktbedingungen, des Aktienkurses, der regulatorischen Anforderungen, der Unternehmensliquiditätsbedürfnisse und anderer Prioritäten. Das Unternehmen, das 2025 sein 200-jähriges Bestehen feiert, verwaltet derzeit Vermögenswerte von etwa 187 Milliarden Dollar zum 31. Dezember 2024 und betreibt in 15 Bundesstaaten mit etwa 1.000 Filialen und 1.200 Geldautomaten.
- $1.0 billion share repurchase program demonstrates strong capital position
- Potential boost to earnings per share through share count reduction
- Shows management's confidence in company's financial strength
- Significant return of capital to shareholders
- Reduced cash reserves available for other strategic investments
- Program execution subject to market conditions and regulatory approval
- Capital allocation to buybacks instead of business growth initiatives
Insights
KeyCorp's newly authorized
The repurchase program offers multiple benefits to shareholders. By reducing the number of outstanding shares, the buyback should mathematically support earnings per share growth and potentially provide a floor for the stock price. For KeyCorp, with
The planned implementation starting in the second half of 2025 suggests thoughtful capital planning, likely aligned with regulatory considerations and internal capital targets. Banking regulations require institutions to maintain specific capital ratios, and the delayed implementation indicates KeyCorp is taking a measured approach to capital management.
For investors, this buyback program represents a tax-efficient mechanism for returning capital compared to dividends alone. The discretionary nature of the program also gives management flexibility to adjust timing and execution based on market conditions, stock price movements, and the bank's evolving capital position. This well-sized authorization demonstrates KeyCorp's commitment to shareholder returns while maintaining the financial strength necessary for its core banking operations.
The company intends to begin repurchasing shares in the second half of 2025. The timing and price of repurchases as well as the actual number of shares repurchased under the program will be at the discretion of KeyCorp and will depend on a variety of factors, including general market conditions, the stock price, regulatory requirements and limitations, corporate liquidity requirements and priorities, and other factors.
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "outlook," "goal," "objective," "plan," "expect," "anticipate," "intend," "may," "project," "believe," "estimate," "potential," "contemplate," "explore," and other words of similar meaning. Forward-looking statements represent management's current expectations and forecasts regarding future events. If underlying assumptions prove to be inaccurate or unknown risks or uncertainties arise, actual results could vary materially from these projections or expectations. Factors that could cause KeyCorp's actual results to differ from those described in the forward-looking statements can be found in KeyCorp's Form 10-K for the year ended December 31, 2024, as well as in KeyCorp's subsequent filings with the Securities and Exchange Commission (SEC), all of which have been filed with the SEC and are available on KeyCorp's website (www.key.com/ir) and on the SEC's website (www.sec.gov). Forward-looking statements speak only as of the date they are made and KeyCorp does not undertake any obligation to update the forward-looking statements to reflect new information or future events.
ABOUT KEYCORP
In 2025, KeyCorp celebrates its bicentennial, marking 200 years of service to clients and communities from
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout
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SOURCE KeyCorp
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