---
schema_version: "secwatch.filing_event.v1"
accession: "0000737875-24-000032"
form_type: "8-K"
ticker: "FKYS"
cik: "0000737875"
company_name: "FIRST KEYSTONE CORP"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:30:58.809712+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Keystone reports net loss of $17M for H1 2024, driven by $19.1M goodwill impairment

## Summary
- Net loss of $16,997K ($2.77 per share) for six months ended June 30, 2024; net income down $19,493K YoY.
- Goodwill impairment of $19,133K recognized in Q1 2024 due to stock price decline triggering impairment testing.
- Total assets grew 8.4% to $1.418B; deposits up 5.2% via brokered CDs; stockholders' equity fell 16.6%.
- Interest income up 28.1% but interest expense increased sharply from higher deposit costs and borrowings.
- Provision for credit losses increased $740K; non-interest expense rose mainly from goodwill impairment and higher salaries.

## SEC filing metadata
- accession: 0000737875-24-000032
- form_type: 8-K
- ticker: FKYS
- cik: 0000737875
- company_name: FIRST KEYSTONE CORP
- filed_at: 2024-07-30T23:59:59+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/737875/000073787524000032/0000737875-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/737875/000073787524000032/fkys-20240730x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000737875-24-000032
- JSON: https://secwatch.observer/filing/0000737875-24-000032.json
- Plain text: https://secwatch.observer/filing/0000737875-24-000032.txt

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