earnings
confidence high
sentiment negative
materiality 0.75
First Keystone reports FY 2024 net loss of $13.2M, $2.14 per share loss; records $19.1M goodwill impairment
FIRST KEYSTONE CORP
2024-FY EPS reported
-$2.14
- Net loss $13.2M for FY 2024 vs net income of $5.56M in FY 2023; diluted EPS loss $2.14.
- Goodwill impairment charge of $19.1M recognized in Q1 2024 triggered by stock price decline.
- Total interest income up 25.3% to $71.5M; interest expense up 40.4% to $39.2M.
- Net loans grew 4.1% to $937M; deposits up 6.7% to $1.04B; stockholders' equity down 12.2%.
- Dividends paid $1.12 per share for the year; no change in dividend policy disclosed.