First Keystone Corp reports FY2022 net income $14M, down 4.5%; EPS $2.35

FIRST KEYSTONE CORP

2022-FY EPS reported $2.35

Net income $14,024,000 ($2.35 EPS) vs prior year $14,688,000; down $664k (4.5%).
Total interest income up 10.4% but PPP fee income fell $1,224k; interest expense up 73.1% due to higher rates.
Non-interest income down 27.2% from lower mortgage gains and net securities losses of $846k.
Deposits decreased $84.5M (7.8%); equity down 19.0% from securities unrealized losses.
Provision for loan losses decreased $1,124k; loans grew 14.2% to $106M increase.

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 the year ended December 31, 2022 results: net income $14,024,000, EPS $2.35.

Period: the year ended December 31, 2022
Net income: $14,024,000
EPS: $2.35
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 year ended December 31, 2022 of $14,024,000. Net income per share was $2.35

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Source: SEC EDGAR

accession 0000737875-23-000003

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