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0.0250434782608696 0.0284584980237154 0.0284584980237154 0.0284584980237154 0.0284584980237154 0.0276679841897233 0.0276679841897233 0.0276679841897233
Stock impact report

First Keystone Announces Second Quarter 2024 Earnings (Unaudited) [Yahoo! Finance]

First Keystone Corp (FKYS) 
NASDAQ:AMEX Investor Relations: firstkeystonecorporation.com
Company Research Source: Yahoo! Finance
a net loss for the three months ended March 31, 2024 of $18,377,000. Net loss per share was $3.00 while dividends totaled $0.28 per share for the three months ended March 31, 2024. Net income decreased by $19,734,000 as compared to the same period in 2023. The decrease was primarily due to the Corporation recognizing goodwill impairment of $19,133,000 as well as increases in interest expense and non-interest expense. Total interest income increased by $3,639,000 or 27.3%, as compared to the three months ended March 31, 2023. The increase was predominantly due to increased interest rates, growth in commercial real estate loans, and the purchase of higher yielding securities. Total interest expense increased by $3,968,000 primarily due to a $2,903,000 increase in interest paid to depositors to retain and grow deposit relationships. The increased interest expense resulted largely from increased market rates, notably in the Federal Funds rate and a higher level of long-term borrowings t Show less Read more
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