Connect with us

Banking

First Keystone Announces Third Quarter 2021 Earnings (Unaudited)

Published

on

First Keystone Corporation (OTC:FKYS), parent company of First Keystone Community Bank, reported net income for the three and nine months ended September 30, 2021, of $4,023,000 and $11,506,000, respectively. Net income per share was $0.68 and $1.95 while dividends totaled $0.28 and $0.83 per share, respectively, for the three and nine months ended September 30, 2021. Net income for the nine months ended September 30, 2021 increased by $2,935,000 or 34.2% as compared to the same period in 2020. The increase was primarily due to increases in net interest income, mainly due to an increase in interest and fees on loans, increased income on securities and a decline in interest paid on deposits.

Total interest income increased by $1,999,000 or 6.8% as compared to the nine months ended September 30, 2020. The increase was chiefly due to a $1,144,000 increase in interest earned on Commercial Real Estate loans and a $860,000 increase in SBA fees. Total interest expense decreased by $1,260,000 or 24.5% primarily due to a $1,670,000 decrease in interest paid on deposits due to decreased interest rates in the latter part of 2020.

Non-interest income, excluding net securities gains, increased by $841,000 or 19.0% for the nine months ended September 30, 2021 as compared to the same period in 2020. Trust Department income increased $84,000 for the nine months ended September 30, 2021 due to new account openings and higher fees earned on certain types of accounts due to increased market values. Net …

Full story available on Benzinga.com

Original Article: benzinga.com

Banking

Venture Construction Group of Florida Sponsors Palm Beach Walk To…

Published

on

<p>Leading Florida restoration company supports research to drive bold and urgent innovation</p><p>(PRWeb November 26, 2021)</p><p>Read the full story at <a href="https://www.prweb.com/releases/venture_construction_group_of_florida_sponsors_palm_beach_walk_to_defeat_als/prweb18352390.htm" rel="nofollow">https://www.prweb.com/releases/venture_construction_group_of_florida_sponsors_palm_beach_walk_to_defeat_als/prweb18352390.htm</a></p>

Source: prweb.com

Continue Reading

Banking

Beacon International Announces New Agreement With Access-2-Healthcare…

Published

on

<p>Beacon International, LLC (<a href="http://www.beaconequip.com" rel="nofollow">http://www.beaconequip.com</a>), a global leader in serving the pre-owned medical imaging equipment industry, today…</p><p>(PRWeb November 28, 2021)</p><p>Read the full story at <a href="https://www.prweb.com/releases/beacon_international_announces_new_agreement_with_access_2_healthcare_for_representation_in_singapore_and_japan/prweb18358927.htm" rel="nofollow">https://www.prweb.com/releases/beacon_international_announces_new_agreement_with_access_2_healthcare_for_representation_in_singapore_and_japan/prweb18358927.htm</a></p>

Article: prweb.com

Continue Reading

Banking

Convectium, Leader in Cannabis Industry Automation, Takes…

Published

on

<p>Investment will fund the company’s growth via revenue-based financing model that does not involve any dilution or governance involvement</p><p>(PRWeb November 22, 2021)</p><p>Read the full story at <a href="https://www.prweb.com/releases/convectium_leader_in_cannabis_industry_automation_takes_revenue_based_funding_from_decathlon_capital_partners_to_support_growth/prweb18348470.htm" rel="nofollow">https://www.prweb.com/releases/convectium_leader_in_cannabis_industry_automation_takes_revenue_based_funding_from_decathlon_capital_partners_to_support_growth/prweb18348470.htm</a></p>

Original Post: prweb.com

Continue Reading

Trending

News9Media.com