Quarterly ResultMay 8, 2026, 10:32 AM
First Keystone Q1 Net Income +86% to $1.96M; EPS $0.31
AI Summary
First Keystone Corporation reported a strong first quarter for 2026, with net income surging by 86% year-over-year to $1.96 million, and basic earnings per share increasing to $0.31. The significant improvement was partly driven by a recovery in the provision for credit losses. The company also saw an increase in net interest income and total stockholders' equity, alongside a substantial rise in cash and cash equivalents.
Key Highlights
- Net income increased 86% to $1.96 million for Q1 2026 from $1.05 million in Q1 2025.
- Basic EPS rose 82% to $0.31 in Q1 2026 from $0.17 in Q1 2025.
- Net interest income grew 4.1% to $9.13 million in Q1 2026 from $8.77 million in Q1 2025.
- Company recorded a $390k recovery of provision for credit losses in Q1 2026.
- Total assets decreased slightly to $1.52 billion as of March 31, 2026.
- Total stockholders' equity increased to $114.18 million as of March 31, 2026.
- Cash and cash equivalents increased to $136.84 million as of March 31, 2026.
- Net cash provided by operating activities was $2.20 million in Q1 2026.