FKYS 8-K
First Keystone Corp (FKYS)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading symbol | Name of each exchange on which registered |
OTC: Pink |
ITEM 8.01. OTHER EVENTS
On November 27, 2024, First Keystone Corporation (the “Corporation”), parent company of First Keystone Community Bank, issued a press release reporting the declaration of their fourth quarter dividend. A copy of this press release is attached to this Current Report on Form 8-K as Exhibit 99.1.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits
Exhibit No. | Description |
99.1 | Press Release of First Keystone Corporation dated November 27, 2024 |
104 | Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, there unto duly authorized.
| FIRST KEYSTONE CORPORATION | |
| (Registrant) | |
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By: | /s/ Elaine A. Woodland | |
| Elaine A. Woodland | |
| President and CEO | |
| Date: | November 27, 2024 |
Exhibit 99.1
FIRST KEYSTONE CORPORATION ANNOUNCES
FOURTH QUARTER DIVIDEND
Berwick, Pennsylvania – November 27, 2024 - First Keystone Corporation (the “Corporation”) (OTC PINK: FKYS), parent company of First Keystone Community Bank, declared a $0.28 per share quarterly cash dividend to shareholders of record as of December 12, 2024, payable December 31, 2024.
Cash dividends of $1.12 per share year-to-date as of December 31, 2024, will be the same as year-to-date cash dividends paid as of December 31, 2023.
During 2024, the Corporation again achieved some record balance sheet levels. Key performance indicators and balance sheet measures at September 30, 2024 and quarter-to-date income statement results as of September 30, 2024 vs. the same period in 2023:
| ● | Assets amounted to $1,438,693,000, an increase of 9.0% |
| ● | Total Net Loans grew 6.1% to $927,509,000 |
| ● | Total Deposits were $1,019,909,000, a 2.8% increase |
| ● | Net interest income increased 18.4% to $8,154,000 |
| ● | Net income increased 17.5% to $1,507,000 and on a per-share basis 19.0% to $0.25/share. |
The Corporation looks forward to being the financial services provider of choice to our customers and the communities we serve.
Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of a public company’s consolidated financial statements when filed with the Securities and Exchange Commission (“SEC”). Accordingly, the financial information in this announcement is subject to change.
First Keystone Community Bank provides innovative business and personal banking products that focus on “Yesterday’s Traditions. Tomorrow’s Vision.” The Bank currently operates offices in Columbia (5), Luzerne (8), Montour (1), Monroe (4), and Northampton (1) counties.
Inquiries regarding the purchase of the Corporation’s stock may be made through the following brokers: RBC Dain Rauscher, 800-223-4207; Janney Montgomery Scott, Inc., 800-526-6397; Boenning & Scattergood, Inc., 800-883-1212; and Stifel Nicolaus & Co. Inc., 800-679-5446.
Note: This press release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. These factors include operating, legal and regulatory risks, changing economic and competitive conditions and other risks and uncertainties.
For more information on First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.