---
schema_version: "secwatch.filing_event.v1"
accession: "0000737875-23-000043"
form_type: "8-K"
ticker: "FKYS"
cik: "0000737875"
company_name: "FIRST KEYSTONE CORP"
filed_at: "2023-07-31T23:59:59+00:00"
generated_at: "2026-06-12T22:31:11.474743+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Keystone Corp reports H1 2023 net income $2.5M, down 66% YoY, as interest expense surges

## Summary
- Net income of $2.496M for six months ended June 30, 2023, down 66.1% from $7.365M in H1 2022.
- EPS $0.41; dividends paid $0.56 per share for H1 2023.
- Interest expense rose $9.543M (up sharply) due to higher deposit costs and Federal Home Loan Bank borrowings.
- Deposits fell $57.8M (5.8%) vs. June 30, 2022, primarily municipal and savings accounts.
- Stockholders' equity down $4.2M (3.3%) on larger accumulated other comprehensive loss from securities portfolio.

## SEC filing metadata
- accession: 0000737875-23-000043
- form_type: 8-K
- ticker: FKYS
- cik: 0000737875
- company_name: FIRST KEYSTONE CORP
- filed_at: 2023-07-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737875/000073787523000043/0000737875-23-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737875/000073787523000043/fkys-20230731x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737875-23-000043
- JSON: https://secwatch.observer/filing/0000737875-23-000043.json
- Plain text: https://secwatch.observer/filing/0000737875-23-000043.txt

## Key facts
- Earnings Releases
  FIRST KEYSTONE CORP reported the six months ended June 30, 2023 results: net income $2,496,000, EPS $0.41.
  - Period: the six months ended June 30, 2023
  - Net income: $2,496,000
  - EPS: $0.41
  - 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 six months ended June 30, 2023 of $2,496,000. Net income per share was $0.41
  evidence_url: https://www.sec.gov/Archives/edgar/data/737875/000073787523000043/0000737875-23-000043-index.htm

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