First Keystone FY2023 net income falls 60.4% to $5.56M; EPS $0.91

FIRST KEYSTONE CORP

2023-FY EPS reported $0.91

Net income $5.56M vs $14.02M in 2022; EPS $0.91; dividends $1.12 per share.
Interest expense surged $18.96M, led by $11.85M higher deposit costs and $6.84M more FHLB borrowings.
Net interest margin compressed as interest income rose $10.58M but expense grew faster.
Non-interest expense up 9.2% to $29.25M on salaries, data processing, and professional fees.
Total assets $1.416B (+6.5%); deposits decreased 1.3% with shift from transactional to term.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST KEYSTONE CORP reported the year ended December 31, 2023 results: net income $5,560,000, EPS $0.91.

Period: the year ended December 31, 2023
Net income: $5,560,000
EPS: $0.91
Result: reported results

Exact text from the filing

First Keystone Corporation (OTC Pink: FKYS, the “Corporation”), parent company of First Keystone Community Bank, reported net income for the year ended December 31, 2023 of $5,560,000. Net income per share was $0.91 while dividends totaled $1.12 per share for the year ended December 31, 2023.

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FIRST KEYSTONE CORP filing history →

Source: SEC EDGAR

accession 0000737875-24-000004

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