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) announced a quarterly cash dividend of $0.27 per share, payable on June 30, 2021, to shareholders on record as of June 10, 2021. YTD total cash dividends now total $0.55, up 1.85% from the previous year. As of March 31, 2021, the company reported record assets of $1,215,521,000, up 18.3%, and net income rose 88.9% to $3,878,000, with a return on assets of 1.30% and equity of 11.60%.
First Keystone Corporation (OTC PINK: FKYS) recently held its 2021 Virtual Annual Meeting of Shareholders, where Michael L. Jezewski, William E. Rinehart, and David R. Saracino were re-elected as Class A Directors for a three-year term. Promotions were announced for various employees, including Jonathan Littlewood and Christopher Zlobik to Senior Vice President. The bank, established in 1864, operates across several counties in Pennsylvania, providing innovative banking products aimed at blending traditional and modern financial services.
First Keystone Corporation (OTC Pink: FKYS) reported a net income of $3,878,000 for Q1 2021, representing an 88.9% increase from the previous year. Earnings per share stood at $0.66, with dividends totaling $0.28, including a special dividend of $0.01. Interest income rose by 5.2% to $10,183,000, driven by commercial real estate loan growth. Total assets reached $1.21 billion, a year-over-year increase of 18.3%. Notably, net loans and deposits grew by 9.2% and 33.1%, respectively. However, non-interest expenses also rose by 4.8%.
First Keystone Corporation (OTC PINK: FKYS) declared a $0.27 quarterly cash dividend and a $0.01 special dividend for shareholders of record as of March 11, 2021, totaling $0.28 per share. This is an increase from the previous year's $0.27 quarterly dividend. For 2020, the Corporation achieved record levels with assets of $1.18 billion, up 17.1%, net income increasing 15.7% to $11.84 million, and total deposits growing 23.1% to $937.49 million.
First Keystone Corporation (OTC Pink: FKYS) reported a net income of $11.84 million for the year ending December 31, 2020, representing a 15.7% increase from 2019. The net income per share was $2.03, and dividends totaled $1.08 per share. Total interest income rose by $1.04 million (2.7%) due to strong loan growth, particularly in commercial real estate. However, non-interest expenses increased by $1.18 million largely from higher employee benefits and occupancy costs. Total assets grew to $1.18 billion, boosted by a 11.2% rise in net loans and a 23.1% increase in deposits.