---
schema_version: "secwatch.filing_event.v1"
accession: "0000737875-23-000021"
form_type: "8-K"
ticker: "FKYS"
cik: "0000737875"
company_name: "FIRST KEYSTONE CORP"
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T07:04:07.345908+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Keystone Q1 net income falls 61.7% to $1.357M; EPS $0.23

## Summary
- Net income $1.357M vs $3.543M in Q1 2022, down 61.7%; diluted EPS $0.23.
- Interest expense increased $4.33M, mainly due to higher rates; interest paid to depositors up $2.366M.
- Non-interest expense rose $1.237M (19%) to $7.753M; salaries/benefits up $832K, professional fees up $137K.
- Deposits decreased $97.6M (9.3%) YoY; net loans increased $85.0M (11.0%).
- Stockholders' equity down $8.5M (6.4%) due to securities portfolio market value decline.

## SEC filing metadata
- accession: 0000737875-23-000021
- form_type: 8-K
- ticker: FKYS
- cik: 0000737875
- company_name: FIRST KEYSTONE CORP
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737875/000073787523000021/0000737875-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737875/000073787523000021/fkys-20230428x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737875-23-000021
- JSON: https://secwatch.observer/filing/0000737875-23-000021.json
- Plain text: https://secwatch.observer/filing/0000737875-23-000021.txt

## Key facts
- Earnings Releases
  FIRST KEYSTONE CORP reported three months ended March 31, 2023 results: net income $1,357,000, EPS $0.23.
  - Period: three months ended March 31, 2023
  - Net income: $1,357,000
  - EPS: $0.23
  - Result: reported results
  source text: First Keystone Corporation (OTC Pink: FKYS, the “Corporation”), parent company of First Keystone Community Bank, reported net income for the three months ended March 31, 2023 of $1,357,000. Net income per share was $0.23 while dividends totaled $0.28 per share for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/737875/000073787523000021/0000737875-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.