First Keystone Corporation Declares Fourth Quarter Dividend
First Keystone Corporation (OTC PINK: FKYS), the parent company of First Keystone Community Bank, has announced a quarterly cash dividend of $0.28 per share to be paid to shareholders. This dividend is for shareholders on record as of December 12, with payments scheduled for December 31. This announcement reflects the Corporation's commitment to delivering value to its shareholders.
Consistent Cash Dividends
The total cash dividends paid to shareholders this year will amount to $1.12 per share, consistent with the previous fiscal year, underscoring the Corporation's reliability in maintaining dividend payments.
Record Balance Sheet Performance
In 2024, First Keystone Corporation reached remarkable benchmarks in its financial performance. As of September 30, key indicators showed asset levels climbing to $1.4 billion, marking a solid increase of 9% compared to the previous year.
Growth in Loans and Deposits
The total net loans saw a 6.1% increase, reaching approximately $927 million, while total deposits rose by 2.8%, amounting to over $1 billion. These figures demonstrate a resilient growth strategy that positions First Keystone favorably within the banking sector.
Robust Income Growth
The financial results also revealed a significant increase in net interest income, which rose by 18.4%, totaling nearly $8.2 million. Moreover, net income showed a considerable jump of 17.5%, totaling approximately $1.5 million, translating to earnings of $0.25 per share. This positive trend reflects effective management strategies that have enhanced profitability throughout the year.
Commitment to the Community
First Keystone Community Bank emphasizes its dedication to being a trusted financial partner for its customers and the community. Their slogan, "Yesterday’s Traditions. Tomorrow’s Vision," encapsulates their philosophy of balancing innovative banking practices with traditional values.
Inquiries and Stock Purchase Information
For those interested in purchasing First Keystone Corporation stock, several brokers are available for inquiries: RBC Dain Rauscher, Janney Montgomery Scott, Boenning & Scattergood, Inc., and Stifel Nicolaus & Co. Inc.
Contact Information
If you need more information regarding First Keystone Corporation or its community bank, please reach out to Elaine A. Woodland at 570-752-3671.
Frequently Asked Questions
What is the announced dividend amount for First Keystone Corporation?
The Corporation declared a $0.28 per share cash dividend for the fourth quarter.
When will the dividend be paid?
The dividend will be payable on December 31 to shareholders of record as of December 12.
How did First Keystone Corporation's financial performance change from last year?
The Corporation achieved significant growth across key indicators, including asset growth of 9% and net income growth of 17.5%.
How many counties does First Keystone Community Bank operate in?
First Keystone Community Bank operates offices in a total of five counties.
Who should I contact for more information about First Keystone Corporation?
Inquiries can be made with Elaine A. Woodland at 570-752-3671 for further information.
