First Keystone H1 net income rises on higher interest income
First Keystone H1 net income rises on higher interest income
Overview
U.S. community bank's net income for first half rose 44.6% yr/yr on higher interest income
EPS for six months ended June 30, 2026 was $0.91
Total assets and deposits grew, driven by higher retail CD balances
Outlook
Company did not provide specific guidance or outlook for future quarters or full year
Result Drivers
HIGHER INTEREST INCOME - Co said increased interest income was mainly due to higher balances of interest-bearing deposits at the Federal Reserve Bank
NON-INTEREST INCOME - Net securities gains improved due to changes in mark-to-market adjustment on held equity securities
CREDIT LOSS PROVISION - Provision for credit losses decreased due to lower loan balances and absence of large charge-offs seen in prior year
Company press release: ID:nBw8c3tj3a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 EPS |
| $0.91 |
|
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(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.)