First Keystone declares $0.28 Q2 dividend; Q1 net income down 61.7% to $0.23/share

FIRST KEYSTONE CORP

Quarterly dividend of $0.28 per share, payable June 30, 2023, to holders of record June 8, 2023.
Year-to-date dividends total $0.56 per share, unchanged from prior year period.
Q1 2023 net income fell 61.7% to $1.357M ($0.23 diluted EPS) from $3.545M ($0.61) a year ago.
Total loans grew 11% to $855M; deposits fell 9.3% to $947.9M; cost of funds rose 178 bps to 2.29%.
Assets increased 1% to $1.311B; return on assets was 0.41%, return on equity 4.34%.

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