---
schema_version: "secwatch.filing_event.v1"
accession: "0000737875-23-000057"
form_type: "8-K"
ticker: "FKYS"
cik: "0000737875"
company_name: "FIRST KEYSTONE CORP"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:09:31.625073+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000737875-23-000057
- form_type: 8-K
- ticker: FKYS
- cik: 0000737875
- company_name: FIRST KEYSTONE CORP
- filed_at: 2023-10-31T23:59:59+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/737875/000073787523000057/0000737875-23-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737875/000073787523000057/fkys-20231031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737875-23-000057
- JSON: https://secwatch.observer/filing/0000737875-23-000057.json
- Plain text: https://secwatch.observer/filing/0000737875-23-000057.txt

## Key facts
- Earnings Releases
  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
  source text: FIRST KEYSTONE ANNOUNCES THIRD QUARTER 2023 EARNINGS (UNAUDITED)
  evidence_url: https://www.sec.gov/Archives/edgar/data/737875/000073787523000057/0000737875-23-000057-index.htm

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