KeyCorp reduced its prime lending rate to 7.00% from 7.25%, effective October 30, 2025, following a prior cut to 7.25% from 7.50% on September 18, 2025.
The rate adjustment aligns KeyCorp’s borrowing costs with competitors and is intended to stimulate loan demand while managing net‑interest margin.
KeyCorp’s Q3 2025 earnings per share were $0.41, above analyst estimates of $0.38, and revenue reached $1.90 billion, up from $1.70 billion in the same quarter a year earlier.
The bank’s assets totaled approximately $187 billion as of September 30, 2025, and net interest income for the quarter was $1.18 billion.
Management said the rate cut reflects a strategic response to a competitive regional banking environment and aims to balance deposit costs against loan yields, supporting a strong balance sheet.
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