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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.
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First Keystone Corporation (OTC PINK: FKYS) declared a quarterly cash dividend of $0.28 per share, payable on March 31, 2023, to shareholders of record as of March 16, 2023. This marks no change from the first quarter of 2022. The company reported a year-end balance sheet as of December 31, 2022, with total assets at $1,329,194,000 (up 0.7%) and net loans jumping 14.2% to $850,195,000. However, net income fell by 4.5% to $14,024,000, and earnings per share decreased to $2.35. The corporation aims to be the preferred financial services provider in its community.