FKYS · FIRST KEYSTONE CORP
First Keystone Corporation operates as the bank holding company for First Keystone Community Bank that provides various banking and related financial services to individual, business, government, and public and institutional customers in Northeastern Pennsylvania market area. The company accepts non-interest bearing and interest-bearing demand accounts; checking, savings, and money market accounts; time deposits and certificates of deposits; and individual retirement accounts. It also offers commercial and industrial loans, which include short-term loans and lines of credit to finance machinery and equipment, inventory, and accounts receivable; commercial real estate loans secured primarily by commercial retail space, commercial office buildings, residential housing, and hotels; residential real estate loans, such as one-to-four family residential mortgage loans, home equity term loans, and home equity lines of credit; and consumer loans, including vehicle loans, stock secured loans, and loans secured by financial institution deposits, as well as agricultural loans, and state and political subdivisions loans. In addition, the company provides trust and agency services that include trust investment accounts, investment advisory services, mutual funds, estate planning, and management of pension and profit-sharing plans to individuals, corporations, and others. Further, it offers debit and credit cards, and safe deposit boxes, as well as operates full-service offices and automated teller machines located in Columbia, Luzerne, Montour, Monroe, and Northampton counties. First Keystone Corporation was founded in 1864 and is headquartered in Berwick, Pennsylvania.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $18.99 |
| SO | 6.3M |
| Options | 0.0M |
| Warrants | — |
| FD SO | 6.3M |
| MC | $119.6M |
| Cash | $136.8M |
| Total debt | $409.2M ⚠ |
| EV | $391.9M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 4.6x |
| EV / EBITDA | — |
| MC / Net Income | 16.9x |
| EV / FCF | 30.6x |
| MC / FCF | 9.3x |
| Ownership & coverage | |
|---|---|
| Institutional | 0.0% |
| Insiders | 11.4% |
| # Institutions | 0 |
| Analysts | 0 |
| Consensus | — |
| Avg target | — |
| Short % float | — |
| Days to cover | — |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-07. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest shown as "—" when unreported or older than 60 days.
This filer tags no warrant count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)
Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 21.05 | 22.20 | 21.67 | 20.68 |
| Revenue YoY % | 5.4% | 8.2% | 7.8% | 7.6% |
| Gross Profit | 12.33 | 12.87 | 12.51 | 12.49 |
| Gross Profit YoY % | 4.3% | 9.9% | 53.4% | 56.1% |
| Gross Margin % | 58.6% | 58.0% | 57.7% | 60.4% |
| SG&A | 9.17 | 9.00 | 8.00 | 8.26 |
| Interest Expense | 9.13 | 9.87 | 9.50 | 9.51 |
| Pretax Income | 2.16 | (1.20) | 3.15 | 3.28 |
| Tax Provision | 0.20 | (0.57) | 0.34 | 0.36 |
| Net Income | 1.96 | (0.62) | 2.81 | 2.91 |
| Net Margin % | 9.3% | (2.8%) | 13.0% | 14.1% |
| Diluted EPS | $0.31 | -$0.10 | $0.45 | $0.47 |
| Basic EPS | $0.31 | -$0.10 | $0.45 | $0.47 |
| Diluted Avg Shares | 6.3 | — | 6.2 | 6.2 |
| Basic Avg Shares | 6.3 | — | 6.2 | 6.2 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 85.61 | 84.52 | 78.12 | 63.14 | 51.74 |
| Revenue YoY % | 1.3% | 8.2% | 23.7% | 22.0% | — |
| Gross Profit | 50.21 | 49.70 | 46.15 | 29.12 | 37.50 |
| Gross Profit YoY % | 1.0% | 7.7% | 58.5% | (22.4%) | — |
| Gross Margin % | 58.6% | 58.8% | 59.1% | 46.1% | 72.5% |
| SG&A | 34.43 | 33.91 | 50.58 | 29.25 | 26.78 |
| Interest Expense | 38.01 | 37.65 | 32.28 | 27.87 | 8.91 |
| Pretax Income | 7.40 | 6.37 | (13.25) | 6.24 | 16.32 |
| Tax Provision | 0.34 | 0.21 | (0.04) | 0.68 | 2.29 |
| Net Income | 7.06 | 6.15 | (13.20) | 5.56 | 14.02 |
| Net Margin % | 8.2% | 7.3% | (16.9%) | 8.8% | 27.1% |
| Diluted EPS | $1.13 | $0.99 | -$2.14 | $0.91 | $2.35 |
| Basic EPS | $1.13 | $0.99 | -$2.14 | $0.91 | $2.35 |
| Diluted Avg Shares | 6.3 | 6.2 | 6.2 | — | — |
| Basic Avg Shares | 6.3 | 6.2 | 6.2 | 6.1 | 6.0 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 136.84 | 121.25 | 147.25 | 39.05 |
| Net PPE | 19.17 | 19.38 | 19.69 | 19.94 |
| Operating Lease ROU | 1.33 | 1.33 | 1.35 | 1.38 |
| Goodwill | — | 0.00 | 0.00 | 0.00 |
| Other Assets | 1,367.58 | 1,389.03 | 1,414.08 | 1,377.01 |
| Total Assets | 1,524.92 | 1,530.98 | 1,582.38 | 1,437.39 |
| Other Liabilities | 1,410.74 | 1,417.92 | 1,470.12 | 1,329.84 |
| Total Liabilities | 1,410.74 | 1,417.92 | 1,470.12 | 1,329.84 |
| Retained Earnings | 79.53 | 79.33 | 81.70 | 80.63 |
| Total Equity | 114.17 | 113.06 | 112.25 | 107.55 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 136.84 | 121.25 | 17.25 | 17.01 | 10.74 |
| Net PPE | 19.17 | 19.38 | 20.27 | 19.61 | 19.02 |
| Operating Lease ROU | 1.33 | 1.33 | 1.40 | 1.47 | 1.54 |
| Goodwill | — | 0.00 | 0.00 | 19.13 | 19.13 |
| Other Assets | 1,367.58 | 1,389.03 | 1,389.66 | 1,358.64 | 1,278.76 |
| Total Assets | 1,524.92 | 1,530.98 | 1,428.58 | 1,415.87 | 1,329.19 |
| Other Liabilities | 1,410.74 | 1,417.92 | 1,321.80 | 1,294.26 | 1,208.81 |
| Total Liabilities | 1,410.74 | 1,417.92 | 1,321.80 | 1,294.26 | 1,208.81 |
| Retained Earnings | 79.53 | 79.33 | 80.15 | 100.26 | 100.71 |
| Total Equity | 114.17 | 113.06 | 106.78 | 121.61 | 120.39 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 1.96 | (0.62) | 2.81 | 2.91 |
| D&A | 0.35 | 0.33 | 0.33 | 0.34 |
| Δ Working Cap & Other | (0.11) | 2.26 | 0.32 | 2.17 |
| Operating Cash Flow | 2.19 | 1.97 | 3.47 | 5.42 |
| CapEx | (0.08) | 0.02 | (0.06) | (0.13) |
| Other Investing | 21.68 | 24.37 | (32.45) | 15.56 |
| Investing Cash Flow | 21.60 | 24.39 | (32.51) | 15.43 |
| Debt Repayment | — | 0.00 | — | — |
| Stock Issuance | — | — | — | 0.00 |
| Dividends Paid | — | — | — | (1.74) |
| Other Financing | (8.20) | (52.36) | 137.25 | 1.15 |
| Financing Cash Flow | (8.20) | (52.36) | 137.25 | (0.59) |
| Free Cash Flow | 2.11 | 1.98 | 3.40 | 5.29 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 7.06 | 6.15 | (13.20) | 5.56 | 14.02 |
| D&A | 1.36 | 1.28 | 0.95 | 0.80 | 1.06 |
| Δ Working Cap & Other | 4.64 | 3.73 | 20.90 | (0.45) | 3.08 |
| Operating Cash Flow | 13.05 | 11.16 | 8.64 | 5.91 | 18.16 |
| CapEx | (0.26) | (0.31) | (1.73) | (1.66) | (1.89) |
| Other Investing | 29.16 | 5.22 | (31.43) | (75.18) | (91.74) |
| Investing Cash Flow | 28.91 | 4.91 | (33.16) | (76.83) | (93.63) |
| Debt Repayment | — | 0.00 | (20.00) | (3.00) | (10.00) |
| Stock Issuance | — | — | — | — | 1.64 |
| Dividends Paid | — | — | (5.17) | (6.78) | (6.69) |
| Other Financing | 76.09 | 87.92 | 49.92 | 86.98 | 39.93 |
| Financing Cash Flow | 76.09 | 87.92 | 24.75 | 77.20 | 24.87 |
| Free Cash Flow | 12.79 | 10.85 | 6.92 | 4.25 | 16.27 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 12.36 | 12.54 | 13.10 | 12.37 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | — | — | — | — |
| ROE % | 1.7% | (0.6%) | 2.5% | 2.7% |
| ROA % | 0.1% | (0.0%) | 0.2% | 0.2% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 12.36 | 12.54 | 12.38 | 10.64 | 10.04 |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | — | — | — | — | — |
| Net Debt | — | — | — | — | — |
| ROE % | 6.2% | 5.4% | (12.4%) | 4.6% | 11.6% |
| ROA % | 0.5% | 0.4% | (0.9%) | 0.4% | 1.1% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-23 | Bower Donald Matthew | Director | 2026-06-23 | P | 4,275 | $17.70 | $75,668 |
| 2026-05-28 | Bower Donald Matthew | Director | 2026-05-28 | P | 1,000 | $18.00 | $18,000 |
| 2026-05-28 | Jezewski Michael L | Director | 2026-05-27 | P | 334 | $17.97 | $6,002 |
| 2026-05-28 | Jezewski Michael L | Director | 2026-05-27 | P | 109 | $17.89 | $1,951 |
| 2026-05-28 | Jezewski Michael L | Director | 2026-05-27 | P | 105 | $17.98 | $1,888 |
| 2026-05-27 | Karas Michelle M. | Officer (SVP & COO) | 2026-05-26 | P | 635 | $19.00 | $12,065 |
| 2026-01-05 | Jones Jack W. | Director, Officer (President & CEO) | 2025-12-30 | P | 426 | $18.50 | $7,881 |
| 2026-01-05 | Jones Jack W. | Director, Officer (President & CEO) | 2025-12-30 | P | 974 | $18.43 | $17,954 |
| 2025-12-30 | Jones Jack W. | Director, Officer (President & CEO) | 2025-12-30 | P | 1,400 | $18.50 | $25,900 |
| 2025-09-16 | Jezewski Michael L | Director | 2025-09-12 | P | 104 | $17.27 | $1,796 |
| 2025-08-22 | Karas Michelle M. | Officer (SVP & COO) | 2025-08-21 | P | 200 | $17.50 | $3,500 |
| 2025-05-30 | BULL ROBERT ALVIN | Director, Officer (Chairman) | 2025-05-30 | P | 3,022 | $15.00 | $45,330 |
| 2025-05-28 | Jones Jack W. | Director, Officer (President & CEO) | 2025-05-28 | P | 200 | $15.00 | $3,000 |
| 2025-02-27 | Jezewski Michael L | Director | 2025-02-26 | P | 314 | $14.08 | $4,420 |
| 2025-02-27 | Jezewski Michael L | Director | 2025-02-26 | P | 1,572 | $14.10 | $22,165 |
| 2024-11-25 | Littlewood Jonathan Robert | Officer (Senior Vice President) | 2024-11-25 | P | 15 | $15.56 | $233 |
| 2024-11-15 | Bower Donald Matthew | Director | 2024-11-15 | P | 1,500 | $16.00 | $24,000 |