secwatch.observer — SEC 8-K summary
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Issuer:     FIRST KEYSTONE CORP (FKYS)
CIK:        0000737875
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0000737875-25-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Keystone Q1 net income $1.053M ($0.17 EPS), up from loss; dividends $0.28/share
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- Net income of $1.053M ($0.17/share) vs $18.377M loss in Q1 2024; improvement due to absence of $19.133M goodwill impairment.
- Interest income +7.5% YoY on rate growth and commercial real estate loans; provision for credit losses +$487K on growth and two charge-offs.
- Non-interest expense fell to $8.649M from $28.982M (2024 incl. goodwill impairment); offset by $307K fraud write-off and higher FDIC/fleet costs.
- Dividends of $0.28/share exceeded EPS; total assets $1.435B (+1.8%); net loans +6.0% YoY; deposits +6.5% led by brokered CDs.
- Stockholders' equity +2.7% to $105.1M; AOCI improved $2.679M; retail deposits declined $20.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/737875/000073787525000016/0000737875-25-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/737875/000073787525000016/fkys-20250429x8k.htm
  HTML page:      https://secwatch.observer/filing/0000737875-25-000016

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