---
schema_version: "secwatch.filing_event.v1"
accession: "0000737875-24-000004"
form_type: "8-K"
ticker: "FKYS"
cik: "0000737875"
company_name: "FIRST KEYSTONE CORP"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:19:59.434504+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000737875-24-000004
- form_type: 8-K
- ticker: FKYS
- cik: 0000737875
- company_name: FIRST KEYSTONE CORP
- filed_at: 2024-01-31T23:59:59+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/737875/000073787524000004/0000737875-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737875/000073787524000004/fkys-20240131x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737875-24-000004
- JSON: https://secwatch.observer/filing/0000737875-24-000004.json
- Plain text: https://secwatch.observer/filing/0000737875-24-000004.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/737875/000073787524000004/0000737875-24-000004-index.htm

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