Welcome to our dedicated page for First Keystone news (Ticker: FKYS), a resource for investors and traders seeking the latest updates and insights on First Keystone stock.
First Keystone Corporation (FKYS) is a Pennsylvania-based commercial banking company and the parent of First Keystone Community Bank. Its news flow, as reflected in Business Wire releases and related Form 8-K filings, centers on earnings updates, dividend declarations, and other corporate developments tied to its community banking operations.
Readers of this FKYS news page can follow the Corporation’s unaudited quarterly and annual earnings announcements, where management discusses interest income driven by commercial real estate loans, changes in interest expense on deposits and borrowings, the effect of derivative agreements on net interest income, and provisions for credit losses. These releases also outline movements in non-interest income and non-interest expense, including items such as securities gains or losses, gains from life insurance proceeds, ATM and debit card fees, and goodwill impairment charges.
The Corporation regularly issues press releases announcing quarterly cash dividends on its common stock, specifying the dividend per share, record dates, and payment dates, and comparing year-to-date dividend levels with prior years. News items also cover balance sheet themes such as total assets, total net loans, total deposits, shifts from transactional deposits to term deposits, and the use of brokered certificates of deposit.
In addition, First Keystone Corporation uses news releases and Form 8-K filings to report governance and leadership changes, including appointments to senior management roles. Investors and observers can use this page to review the sequence of earnings reports, dividend announcements, and corporate updates that the Corporation has chosen to highlight in its public communications.
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.
First Keystone Corporation (OTC PINK: FKYS) announced a quarterly cash dividend of $0.28 per share, payable on March 31, 2022, to shareholders of record as of March 10, 2022. This dividend matches the amount paid in the first quarter of 2021. As of December 31, 2021, the company reported record assets of $1.32 billion (up 12%), net income of $14.69 million (up 24%), and total deposits of $1.08 billion (up 15%). The corporation aims to continue being a trusted partner in its communities.
First Keystone Corporation (FKYS) reported a net income of $14,688,000 for the year ended December 31, 2021, a 24.1% increase from 2020, driven by higher net interest income. Earnings per share rose to $2.49, with dividends totaling $1.12. Total assets grew by 12.0% to $1,320,350,000, fueled by increased deposits and loans. However, non-interest expenses rose 7.1% to $26,354,000 due to higher salaries and technology investments. Overall, strong growth metrics signal a positive outlook for investors.
First Keystone Corporation (OTC PINK: FKYS) has announced a quarterly cash dividend of $0.28 per share, along with a special dividend of $0.01 per share, totaling $0.29 per share for Q4 2021. This reflects a 7% increase from the previous year's quarterly cash dividend of $0.27. As of September 30, 2021, the Corporation reported assets of $1.39 billion, net income of $11.51 million (up 34%), and a return on equity of 10.39%. These figures indicate robust financial health despite pandemic challenges.
First Keystone Corporation (OTC Pink: FKYS) reported net income of $4,023,000 for Q3 2021 and $11,506,000 year-to-date, reflecting 34.2% growth compared to the same period in 2020. Earnings per share were $0.68 for Q3 and $1.95 year-to-date. Total interest income rose by 6.8%, primarily from commercial real estate loans. However, non-interest expense increased by 6.7% to $19,011,000. Total assets reached $1,389,939,000, a 22.5% increase year-over-year, driven by higher loans and deposits.