Since the start of the banking crisis in March, large and super regional bank stocks have been hit especially hard. The SPDR S Regional Banking ETF is down nearly 29% this year.

But  (NYSE: KEY) has been hit even harder, with shares down about 40%. The bank had a rough first quarter and certainly faces some near-term challenges. But given the big sell-off, is it time for investors to jump in and buy the dip? Let's take a look.

As I pointed out in an article published on the eve of the banking crisis, KeyCorp's deposit beta performed very well in 2022, coming in at just 16%. The deposit beta looks at how much a bank will raise deposit pricing in response to changes in interest rates over a set period of time, so the lower the beta the better. Furthermore, management in January projected deposit beta to peak at less than 30%, which would have outperformed its peer group.

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Source Fool.com