Ohio-based lender KeyCorp, which has 60 banking branches in Maine, said today that second-quarter net income fell from a year ago but still topped Wall Street expectations.

The company, which employs about 500 workers in 15 counties in Maine, said second-quarter net income from continuing operations totaled $221 million, or 23 cents a share, down from $243 million, or 26 cents a share, a year ago. Wall Street analysts had expected the company to earn 18 cents a share.

“Key’s second-quarter results reflect continued loan growth, improvement in credit quality and disciplined expense control,” said Chairman and Chief Executive Beth Mooney.

The company said it has seen five consecutive quarters of growth in commercial and industrial loans. It said credit quality improved this quarter as it added high-quality new loans.

KeyBank, a subsidiary of KeyCorp, is one of the largest financial services companies in Maine with assets of about $3.3 billion.


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