First Keystone net income down 5.5% to $10.9M; EPS $1.82 for first nine months 2022

FIRST KEYSTONE CORP

2022-Q3 EPS reported $1.82

Net income for first nine months 2022: $10.9M, or $1.82 per share; down 5.5% vs 2021.
Total interest income rose 7.6% ($2.4M) on higher rates and commercial loan growth; PPP fee decline partially offset.
Non-interest income fell 19.1% ($1.0M) due to lower mortgage sales and $181K net securities losses.
Stockholders' equity decreased 21.9% ($32.4M) due to AOCI losses from securities market value declines.
Deposits declined 7.6% ($87.2M); net loans grew 11.8% ($88.0M).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST KEYSTONE CORP reported nine months ended September 30, 2022 results: net income $10,869,000, EPS $1.82.

Period: nine months ended September 30, 2022
Net income: $10,869,000
EPS: $1.82
Result: reported results

Exact text from the filing

First Keystone Corporation (OTC Pink: FKYS, the “Corporation”), parent company of First Keystone Community Bank, reported net income for the nine months ended September 30, 2022 of $10,869,000. Net income per share was $1.82 while dividends totaled $0.84 per share for the nine months ended September 30, 2022.

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Source: SEC EDGAR

accession 0000737875-22-000044

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