First Keystone records $19.1M goodwill impairment; declares $0.28 dividend

FIRST KEYSTONE CORP

Non-cash goodwill impairment of $19.1M as of March 31, 2024 triggered by stock price decline in Q1.
Impairment relates to 2007 Pocono Community Bank acquisition and 2004 Danville branch purchase; no impact on regulatory capital or cash.
Q2 dividend of $0.28 per share (unchanged YoY); payable June 28, 2024 to holders of record June 13, 2024.
Quantitative impairment test performed; Board determined charge on May 29, 2024.

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