First Keystone nine-month net profit surges on higher interest income
FKYS•First Keystone's nine-month net income rose 39.9% year over year, driven by higher interest income and lower credit losses. Non-interest income increased 10.9%, while non-interest expense rose 5.3%.
1. Nine-month results
First Keystone reported that net income for the nine months ended September 2026 rose 39.9% year over year. The company said higher interest income, driven by increased balances of interest-bearing deposits at the Federal Reserve Bank, contributed to the increase.
2. Other income and costs
Non-interest income increased 10.9%, with higher net securities gains from mark-to-market adjustments contributing to the rise. Non-interest expense increased 5.3%, mainly due to higher salaries and professional services costs; the provision for credit losses fell as specific loan allocations and outstanding loan balances decreased.
