First Keystone Corp Stock Price, News & Analysis

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.

First Keystone Corporation (OTC Pink: FKYS) reported a net income of $14,024,000 for the year ended December 31, 2022, with a decrease of $664,000 or 4.5% compared to 2021. Net income per share was $2.35, and dividends totaled $1.12 per share. Total interest income increased by $4,365,000 (10.4%), driven by higher interest rates and commercial real estate loans. However, non-interest income fell by $1,992,000 (27.2%), primarily due to losses on mortgage loans. Total assets reached $1,329,194,000, with a notable decrease in stockholders' equity by 19.0% due to market value declines.

First Keystone Corporation (OTC PINK: FKYS) announced a quarterly cash dividend of $0.28 per share for shareholders of record by December 8, 2022, payable on December 30, 2022. Total cash dividends for 2022 will be $1.12 per share, matching the previous year. As of September 30, 2022, the Corporation reported total assets of $1.32 billion (down 4.7%), total net loans of $836.46 million (up 11.8%), and net income of $10.87 million (down 5.5%). Return on assets and equity stood at 1.10% and 10.74%, respectively.

First Keystone Corporation (OTC Pink: FKYS) reported a net income of $10,869,000 for the nine months ending September 30, 2022, with a decrease of $637,000 or 5.5% from last year. Earnings per share were $1.82, with dividends at $0.84 per share. Total interest income rose by $2,387,000 or 7.6%, but non-interest income fell by $1,041,000 or 19.1%. Total assets decreased by $65,689,000 or 4.7%. Stockholders’ equity dropped by $32,365,000 or 21.9% due to market value losses.

First Keystone Corporation (OTC PINK: FKYS) announced a quarterly cash dividend of $0.28 per share, payable on September 30, 2022, to shareholders of record as of September 8, 2022. This brings total cash dividends to $0.84 per share for 2022, reflecting a 1.20% increase compared to the previous year. As of June 30, 2022, total assets were $1.30 billion, with net loans growing by 8.4% and net interest income rising 7.2%. However, net income decreased 1.6% to $7.37 million.

First Keystone Corporation (OTC Pink: FKYS) reported a net income of $7,365,000 for the six months ended June 30, 2022, with earnings per share at $1.24. This marks a 1.6% decrease from the previous year, attributed to lower PPP loan fees and decreased non-interest income. Total interest income increased by 5.9% to $1,206,000, while non-interest income fell 22.4%. Total assets declined by 0.5% to $1,304,582,000, driven by a significant drop in cash reserves. Stockholders' equity decreased 15.0% due to securities market losses.

First Keystone Corporation (OTC PINK: FKYS) has declared a quarterly cash dividend of $0.28 per share for shareholders recorded by June 9, 2022, payable on June 30, 2022. This brings total cash dividends to $0.56 per share, marking a 1.82% increase compared to the previous year. As of March 31, 2022, significant growth was reported, with assets at $1.297 billion (up 6.7%) and total deposits at $1.045 billion (up 6.9%). However, net income decreased by 8.6% to $3.54 million.

First Keystone Corporation (OTC PINK: FKYS) held its 2022 Virtual Annual Meeting, re-electing John E. Arndt, Whitney B. Holloway, and Nancy J. Marr as Class B Directors for a three-year term. Promotions included June George to Senior Vice President and several others to Vice President and Assistant Vice President roles, recognizing outstanding service to the bank. Established in 1864, First Keystone Community Bank operates multiple branches across Columbia, Luzerne, Montour, and Monroe counties, offering innovative banking products focused on community needs.

First Keystone Corporation (OTC Pink: FKYS) reported a net income of $3,543,000 for the first quarter ending March 31, 2022, down $335,000 or 8.6% year-over-year. Net income per share was $0.60 with dividends totaling $0.28. The decline was attributed to decreased non-interest income, particularly from losses on mortgage sales. Total assets rose by $81,566,000 or 6.7% to $1,297,087,000, driven by a $55,149,000 increase in net loans.