First Keystone Announces Amended Fourth Quarter 2025 Earnings (Unaudited)

Core Viewpoint - First Keystone Corporation reported significant financial improvements for the year ended December 31, 2025, including increased interest income and net income, primarily driven by growth in commercial real estate loans and a prior goodwill impairment charge in 2024 [1][4]. Financial Performance - Interest income increased by $5,777,000 or 8.1% compared to 2024, mainly due to growth in commercial real estate loans [1]. - Total interest expense rose by $405,000 or 1.0%, with a notable increase of $2,225,000 in deposit-related expenses, offset by a decrease in short- and long-term borrowings [1]. - Non-interest income increased by $626,000 or 9.3%, with net securities gains improving to $224,000 from $105,000 in 2024 [2]. - Non-interest expense decreased by $16,670,000 or 33.0%, largely due to a goodwill impairment charge of $19,133,000 recognized in 2024 [3]. - Net income for 2025 was $6,152,000, with earnings per share at $0.99, reflecting an increase of $19,355,000 compared to 2024 [4]. Asset and Equity Growth - Total assets increased to $1,530,977,000, a rise of $102,394,000 or 7.2% from 2024 [5]. - Deposits grew by $91,557,000 or 8.8%, with a significant increase in retail CDs by $135,733,000 [6]. - Stockholders' equity rose by $6,278,000 or 5.9%, primarily due to improvements in accumulated other comprehensive loss [6].