First Keystone Corporation Announces Fourth Quarter Dividends and Specials
BERWICK, Pennsylvania, November 24, 2021– (BUSINESS WIRE) – First Keystone Corporation (the “Company”) (OTC PINK: FKYS), parent company of First Keystone Community Bank, declared a quarterly cash dividend of $ 0.28 per share and a special dividend of $ 0.01 per share to registered shareholders on December 9, 2021, payable on December 31, 2021.
Quarterly cash dividends and the special cash dividend amounted to a total of $ 0.29 per share for the fourth quarter of 2021, compared to the quarterly cash dividend per share of $ 0.27 paid in the fourth quarter of 2021. 2020, an increase of 7%.
During 2021, the Company achieved record balance sheet levels and continued to increase its profitability despite the challenges posed by the pandemic. Main performance indicators as of September 30, 2021 and cumulative as of September 30, 2021 compared to the same period in 2020:
Assets peaked at $ 1,389,939,000, an increase of 22%
Total net lending increased 7% to $ 748,497,000
Total deposits reached $ 1,145,504,000, an increase of 25%
Net income increased 34% to $ 11,506,000 and 33% to $ 1.95 / share
Return on assets of 1.22%
Return on equity of 10.39%
The Company is honored to be a trusted partner in the lives of our customers and the communities we serve, and would like to take this opportunity to hand over some of our financial success to our valued shareholders.
Management takes into account subsequent events occurring after the balance sheet date for matters that may require adjustment or disclosure in the consolidated financial statements. The subsequent event review period is up to and including the filing date of a public company’s consolidated financial statements when filed with the Securities and Exchange Commission. Consequently, the financial information contained in this announcement is subject to change.
First Keystone Community Bank offers innovative business and personal banking products focused on “traditions of yesteryear.” The vision of tomorrow ”. The Bank currently operates offices in Columbia (5), Luzerne (8), Montour (1), Monroe (4) and Northampton (1) counties.
Inquiries regarding the purchase of shares of the Company can 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 may differ materially from those stated in these statements due to various factors. These factors include operational, legal and regulatory risks, changes in economic and competitive conditions, and other risks and uncertainties.
For more information about First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211124006257/en/
First Keystone Company
Elaine A. Woodland, 570-752-3671