KEYCORP REPORTS SECOND QUARTER 2023 NET INCOME OF $250 MILLION, OR $.27 PER DILUTED COMMON SHARE

Strong, core funded balance sheet: period-end deposits up $1.0 billion compared to the prior quarter Solid credit quality: net charge-offs to average loans of 17 basis points Built capital: Common Equity Tier 1 of 9.2%(a) Disciplined expense management: expenses down 9% from prior quarter…

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