WASHINGTON (dpa-AFX) - Financial services company KeyCorp (KEY) posted a rise in its first-quarter 2012 net income attributable to Key common shareholders to $194 million from $173 million a year ago, with net income from continuing operations attributable to common shareholders rising to $199 million from $184 million last year.
On a per share basis, income per share from continuing operations attributable to Key common shareholders remained flat at $0.21, while net income per share attributable to Key common shareholders improved to $0.20 from $0.19 in the prior-year quarter. On average, 28 analysts polled by Thomson Reuters expected earnings per share of $0.19 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly total revenue decreased to $1.03 billion from $1.06 billion in the comparable period. Analysts estimated revenues of $999.60 million for the quarter.
The company said it witnessed growth in its commercial, financial and agricultural loan portfolio, and asset quality improved again this quarter.
Copyright RTT News/dpa-AFX
© 2012 AFX News
