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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 (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.
First Keystone Corporation (OTC PINK: FKYS) announced a quarterly cash dividend of $0.27 per share and a special dividend of $0.01 per share, totaling $0.28 for Q3 2021. The declaration applies to shareholders as of September 9, 2021, with payment on September 30, 2021. The corporation reported significant growth, with assets increasing by 22.6% to $1.31 billion and net income rising 37.7% to $7.48 million in the first half of 2021 compared to the previous year.
First Keystone Corporation (OTC Pink:FKYS) reported net income of $3,605,000 for the three months and $7,483,000 for the six months ended June 30, 2021, reflecting a 37.7% increase year-over-year. Net income per share hit $0.61 and $1.27, while dividends reached $0.27 and $0.55 per share, respectively. Total assets rose 22.6% to $1.31 billion, driven by increased loans and deposits. Interest income grew by 5.9%, supported by higher Commercial Real Estate loan earnings. However, non-interest expenses also increased by 10.1%, mainly due to higher salaries and benefits.
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.