dividend
confidence high
sentiment negative
materiality 0.70
First Keystone declares $0.28 Q4 dividend; net income down 65% YoY
FIRST KEYSTONE CORP
- Q4 dividend of $0.28/share, payable Dec 29, 2023 to holders of record Dec 14; annual total $1.12 unchanged.
- Net income for 9M 2023 fell 65.2% to $3.779M ($0.62/share) vs 9M 2022.
- Net interest income decreased 24.2% to $21.796M; total deposits down 6.2% to $992.3M.
- Total net loans grew 4.5% to $874.2M; assets slightly down 0.3% to $1.32B.
- Interest income rose 22.5% to $41.195M driven by higher loan and securities income.