First Keystone Corporation reported its first‑quarter 2026 results, showing a 5.7% increase in total interest income to $1,032,000 and an 86.0% jump in net income to $1,959,000, which translates to earnings per share of $0.31.
The rise in interest income was driven by higher balances on interest‑bearing deposits held at the Federal Reserve Bank. The bank’s deposit mix shifted toward term deposits, boosting the average balance and the interest earned on those balances.
Net income growth was supported by a favorable swing in the provision for credit losses, which moved from an expense of $751,000 in Q1 2025 to a credit of $390,000 in Q1 2026. Total interest expense increased 7.1% to $671,000, but the net effect was a strong margin expansion.
Total assets grew 6.2% to $1,524,919,000, and deposits increased 8.2% to $85,896,000, reflecting a solid balance‑sheet expansion that underpins the earnings momentum.
The company maintained its quarterly dividend at $0.28 per share, matching the previous quarter, and management reiterated confidence in continued profitability for 2026, citing record balance‑sheet levels and sustained lending activity.
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