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First Keystone Corporation reports recurring developments as the parent company of First Keystone Community Bank, a Pennsylvania community bank offering business and personal banking products. Company news centers on unaudited earnings releases, quarterly dividend declarations, and operating trends across deposits, loans, interest income, interest expense, non-interest income, securities gains or losses, and credit-loss provisions.
Updates also describe the bank’s office network in Columbia, Luzerne, Montour, Monroe, and Northampton counties. Recurring financial commentary includes deposit mix changes involving retail and brokered certificates of deposit, commercial real estate loan activity, mortgage-loan sale gains, ATM and debit card fee income, stockholders’ equity, accumulated other comprehensive loss, and balance-sheet measures tied to the regional banking business.
First Keystone Corporation (OTCID:FKYS) has declared a quarterly cash dividend of $0.28 per share, payable September 30, 2025, to shareholders of record as of September 11, 2025. Year-to-date cash dividends total $0.84 per share, maintaining the same level as 2024.
The company reported strong Q2 2025 performance with total assets reaching $1.44 billion (up 1.4%), net loans growing 4.1% to $952 million, and deposits increasing 7.4% to $1.06 billion. Net income saw a significant increase of 123.3% to $3.97 million, or $0.64 per share, while net interest income rose 18.1% to $18.28 million.
First Keystone Community Bank operates 19 offices across Columbia, Luzerne, Montour, Monroe, and Northampton counties.
First Keystone Corporation (OTC: FKYS) reported financial results for the second quarter of 2025, showing notable improvements in several key metrics. Interest income increased by $2.56 million (7.4%) year-over-year, driven by commercial real estate loan growth. The company's net income reached $3.97 million, with earnings per share of $0.64 and dividends of $0.56 per share.
Total assets grew to $1.44 billion, up 1.4% from the previous year. Deposits increased by $73.07 million (7.4%), with significant shifts from transactional deposits to term deposits. The bank experienced a notable increase in brokered CDs of $39.04 million. Stockholders' equity improved by $6.45 million (6.4%), primarily due to a $5.25 million improvement in accumulated other comprehensive loss.
First Keystone (OTC Pink: FKYS) reported strong Q1 2025 financial results, with notable improvements in several key areas. The bank saw a 7.5% increase in interest income, primarily driven by higher interest rates and commercial real estate loan growth.
Key financial highlights:
- Net income reached $1,053,000 ($0.17 per share)
- Total assets grew to $1.43 billion, up 1.8% year-over-year
- Net loans increased by 6.0%
- Deposits rose by 6.5%
Notable developments include a 30.9% increase in non-interest income and reduced interest expenses. The bank experienced a shift from transactional deposits to term deposits, with CD balances increasing by $55.4 million. Operating costs reflected investments in ATM fleet replacement and competitive wage adjustments to improve employee retention.
First Keystone (OTC PINK: FKYS) has declared a quarterly cash dividend of $0.28 per share, payable March 31, 2025, to shareholders of record as of March 13, 2025. This matches the dividend paid in Q1 2024.
The company reported strong performance indicators for 2024:
- Assets reached $1.43 billion (↑0.9%)
- Total Net Loans grew to $940.8 million (↑4.1%)
- Total Deposits increased to $1.05 billion (↑6.7%)
- Net interest income rose to $8.65 million (↑18.2%)
- Net income grew to $2.29 million (↑28.4%)
- Earnings per share increased to $0.38 (↑31.0%)
First Keystone (OTC Pink: FKYS) reported mixed financial results for Q4 2024. Total interest income increased by $14.4M (25.3%) due to higher interest rates, commercial real estate loan growth, and higher-yielding securities. However, interest expenses rose by $11.3M (40.4%), driven by increased depositor interest and higher borrowing costs.
The company reported a net loss of $13.2M ($2.14 per share) in 2024, primarily due to a $19.1M non-cash goodwill impairment charge. Total assets grew 0.8% to $1.43B, with net loans increasing 4.1%. Deposits rose 6.7% to reach $65.4M, mainly from CD growth. Stockholders' equity decreased 12.2% due to goodwill impairment and dividend payments.
First Keystone has announced a leadership transition. Elaine A. Woodland, President and CEO of First Keystone and First Keystone Community Bank, will retire effective January 31, 2025. Jack W. Jones has been selected as her successor and joined both entities as Executive Vice President and Chief Operating Officer on January 6, 2025.
Jones, 53, was appointed to the boards of directors of both the and Bank. He previously served as Senior Vice President and Chief Banking Officer for Penns Woods Bancorp and Luzerne Bank since January 2021, where he also held the position of Regional President for Luzerne Bank.
First Keystone Community Bank operates 19 offices across Columbia (5), Luzerne (8), Montour (1), Monroe (4), and Northampton (1) counties, focusing on innovative business and personal banking products.
First Keystone (OTC PINK: FKYS) has declared a $0.28 per share quarterly cash dividend, payable December 31, 2024, to shareholders of record as of December 12, 2024. The company's year-to-date cash dividends will total $1.12 per share, matching 2023's distribution. The company reported significant growth as of September 30, 2024, with assets increasing 9.0% to $1.44 billion, total net loans growing 6.1% to $927.5 million, and deposits rising 2.8% to $1.02 billion. Notable improvements include an 18.4% increase in net interest income to $8.15 million and a 17.5% rise in net income to $1.51 million, with earnings per share up 19.0% to $0.25.
First Keystone (OTC Pink: FKYS) reported mixed financial results for Q3 2024. Total interest income increased by $11.6M (28.1%), driven by higher interest rates and commercial real estate loan growth. However, interest expenses rose by $9.8M (50.3%). The company recorded a net loss of $15.5M, primarily due to a $19.1M goodwill impairment charge. Total assets grew 9% to $1.44B, with securities up 22.2% and net loans increasing 6.1%. Deposits rose 2.8% to $27.6M, while stockholders' equity decreased 6.7% due to goodwill impairment and dividend payments.
First Keystone (OTC PINK: FKYS) has declared a $0.28 per share quarterly cash dividend, payable on October 11, 2024, to shareholders of record as of October 4, 2024. Year-to-date cash dividends total $0.84 per share, unchanged from the same period in 2023. The company reported significant growth in key financial metrics as of June 30, 2024:
- Assets increased by 8.4% to $1,418,228,000
- Total Net Loans grew 5.9% to $914,807,000
- Total Deposits rose 5.2% to $984,209,000
- Net interest income increased 3.8% to $15,476,000
However, net income decreased significantly, primarily due to a $19,133,000 goodwill impairment recognized in Q1 2024, along with increases in interest and non-interest expenses. First Keystone Community Bank continues to focus on innovative banking products and services across its operations in Columbia, Luzerne, Montour, Monroe, and Northampton counties.
First Keystone (OTC Pink: FKYS) reported a net loss of $16,997,000 for the six months ended June 30, 2024, with a net loss per share of $2.77. The significant decrease in net income, compared to the same period in 2023, was primarily due to a $19,133,000 goodwill impairment charge in Q1 2024. Total interest income increased by 28.1%, while interest expense rose due to higher rates paid to depositors and increased borrowings. The provision for credit losses increased by $740,000. Total assets grew by 8.4% to $1,418,228,000, with increases in securities, loans, and deposits. Stockholders' equity decreased by 16.6% due to the goodwill impairment and market value changes in securities and derivative portfolios.