---
schema_version: "secwatch.filing_event.v1"
accession: "0000737875-24-000027"
form_type: "8-K"
ticker: "FKYS"
cik: "0000737875"
company_name: "FIRST KEYSTONE CORP"
filed_at: "2024-06-10T23:59:59+00:00"
generated_at: "2026-06-01T05:25:26.436141+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Keystone reports Q1 net loss of $18.4M, records $19.1M goodwill impairment

## Summary
- Net loss per share $3.00 vs net income in Q1 2023; net income decreased by $19.7M.
- Goodwill impairment of $19.1M triggered by stock price decline in Q1 2024.
- Total interest income up 27.3% but interest expense up $3.97M due to deposit costs and borrowing.
- Non-interest expense rose to $27.1M from impairment and salary/wage increases.
- Stockholders' equity decreased 17.0% ($21.3M) due to impairment and securities/derivative losses.

## SEC filing metadata
- accession: 0000737875-24-000027
- form_type: 8-K
- ticker: FKYS
- cik: 0000737875
- company_name: FIRST KEYSTONE CORP
- filed_at: 2024-06-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/737875/000073787524000027/0000737875-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737875/000073787524000027/fkys-20240331x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737875-24-000027
- JSON: https://secwatch.observer/filing/0000737875-24-000027.json
- Plain text: https://secwatch.observer/filing/0000737875-24-000027.txt

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