First Keystone reports 65% drop in 9-month net income; EPS $0.62 vs $0.84 dividends

FIRST KEYSTONE CORP

2023-Q3 EPS reported $0.62

Net income $3,779K ($0.62 EPS) for 9 months ended Sep 30, 2023, down 65.2% YoY.
Interest expense surged $14,518K due to higher deposit rates and FHLB borrowings.
Total assets $1,320B, down 0.3%; deposits fell 6.2% with shift to term deposits.
Non-interest expense rose 12.7% to $22,330K on higher salaries, data processing, fraud costs.
Stockholders' equity decreased $402K from larger AOCI loss on securities portfolio.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST KEYSTONE CORP reported the nine months ended September 30, 2023 results: net income $3,779,000, EPS $0.62.

Period: the nine months ended September 30, 2023
Net income: $3,779,000
EPS: $0.62
Result: reported results

Exact text from the filing

FIRST KEYSTONE ANNOUNCES THIRD QUARTER 2023 EARNINGS (UNAUDITED)

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Source: SEC EDGAR

accession 0000737875-23-000057

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