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FKYS — First Keystone News Story

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Bank holding firm First Keystone's Q4 net income rises

Overview

Banking services provider's Q4 net income rose significantly, driven by absence of goodwill impairment

Interest income increased due to growth in commercial real estate loans

Company experienced a shift from transactional deposits to term deposits

Outlook

Company did not provide specific guidance for future quarters or full year

Result Drivers

COMMERCIAL REAL ESTATE LOANS - Interest income increased due to growth in commercial real estate loans

SHIFT TO TERM DEPOSITS - Company experienced a shift from transactional deposits to term deposits, increasing retail CD balances

NON-INTEREST INCOME INCREASE - Non-interest income rose due to gains from life insurance proceeds and sales of mortgage loans

Key Details

MetricBeat/MissActualConsensus Estimate
FY EPS$1.22
Press Release: ID:nBw39HpZ1a For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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