secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000737875-25-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone reports FY 2024 net loss of $13.2M, $2.14 per share loss; records $19.1M goodwill impairment
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787525000005/0000737875-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787525000005/fkys-20250131x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-25-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer