Welcome to our dedicated page for Bank Sth Carolna news (Ticker: BKSC), a resource for investors and traders seeking the latest updates and insights on Bank Sth Carolna stock.
Bank of South Carolina Corporation (BKSC) is a commercial banking company in the finance and insurance sector and the parent company for The Bank of South Carolina. Its news flow centers on quarterly and annual earnings, dividend declarations, stock repurchase programs, and management updates, giving investors insight into how the company manages profitability, capital, and leadership.
Regular earnings announcements provide unaudited quarterly and year-end results, including net income, earnings per share, net interest income, other income, and other expense. These releases also feature key performance metrics such as return on average assets, return on average equity, net interest margin, efficiency ratio, community bank leverage ratio, and measures of asset quality like loans past due more than 30 days and allowance for credit losses as a percentage of total loans.
BKSC news also highlights dividend activity, with the Board of Directors declaring recurring quarterly cash dividends and, at times, announcing dividend increases. The company notes the sequence of its quarterly dividends and emphasizes when the cash dividend has been raised, including instances of consecutive quarterly increases. In addition, the company announces share repurchase authorizations and the completion of prior repurchase programs, describing how and under what conditions repurchases may be executed.
Another category of news involves management and governance. The company has reported a management succession plan for key roles such as Executive Vice President & Senior Lender, Senior Lender, and Chief Credit Officer, outlining leadership transitions and the continued involvement of experienced executives. Investors who follow BKSC news can monitor these earnings trends, capital actions, and leadership developments in one place, and may wish to revisit this page as new company announcements are released.
Bank of South Carolina Corporation (OTCQX: BKSC) reported unaudited net income of $7.907M for the year ended December 31, 2025, or $1.45 basic and $1.41 diluted EPS, up 17.15% from 2024. Fourth-quarter 2025 net income was $2.013M, a 10.72% increase year-over-year. Returns on average assets and equity for 2025 were 1.38% and 13.83%, respectively. Quarterly metrics show a net interest margin of 4.28%, efficiency ratio of 59.01%, book value per share of $11.14, and allowance for credit losses of 1.18% of loans. Management completed a $2 million stock repurchase program in 2025 and described 2025 as a record year for profitability.
Bank of South Carolina Corporation (OTCQX: BKSC) declared a quarterly cash dividend of $0.23 per share to shareholders of record on December 30, 2025, payable January 30, 2026. This marks the company's 145th quarterly cash dividend. The Board also authorized a stock repurchase program to buy up to $2.0 million of issued and outstanding common stock, replacing the prior program approved May 25, 2023. The prior program recently concluded with the repurchase of 156,326 shares at an average price of $12.79 per share. Repurchases under the new program may be executed in the open market or via negotiated transactions and are subject to regulatory, legal and accounting considerations; the company has no obligation to repurchase shares and may discontinue repurchases at any time.
Bank of South Carolina (OTCQX: BKSC) reported Q3 2025 net income of $2,143,640, or $0.40 basic and $0.38 diluted EPS, a 18.97% increase versus Q3 2024. Nine‑month net income rose 19.51% to $5,893,809. Annualized returns on average assets and equity for the nine months were 1.37% and 14.03%, respectively. Key quarterly metrics included net interest margin 4.30%, efficiency ratio 53.82%, and book value per share $10.88. Management noted loan payoffs during the quarter and a prudent increase in allowance for credit losses. The board raised the cash dividend for the second consecutive quarter and third time in twelve months.
Bank of South Carolina Corporation (OTCQX: BKSC) has announced a quarterly cash dividend increase to $0.23 per share, marking its 144th quarterly dividend payment. The dividend will be paid on October 31, 2025, to shareholders of record as of October 7, 2025.
According to CEO Eugene H. Walpole, IV, this represents the first time in the company's history that they have increased dividends for two consecutive quarters. The dividend has seen a significant increase of $0.06 per share (35%) over the past twelve months, reflecting strong capital position and earnings performance.
Bank of South Carolina (OTCQX: BKSC) has achieved a notable recognition, ranking 66th among the nation's Top 100 publicly traded community banks with assets under $2 billion, as reported by American Banker magazine. The ranking, published on July 3, 2025, was based on the three-year average return on equity from 2022-2024.
BKSC stands as the only South Carolina-based bank to receive this recognition in 2025, distinguishing itself among 348 qualified institutions. The ranking was developed by Capital Performance Group, highlighting the bank's commitment to relationship-driven banking and consistent performance.
Bank of South Carolina Corporation (OTCQX: BKSC) reported record second-quarter earnings of $1.96 million, or $0.36 basic and $0.35 diluted earnings per share, marking an 11.54% increase from Q2 2024. The bank's six-month earnings rose 19.83% to $3.75 million compared to the same period in 2024.
Key performance metrics showed significant improvement, with net interest margin exceeding 4% for the second consecutive quarter. The bank maintained strong asset quality with low nonperforming loans, while achieving annualized returns on average assets of 1.33% and average equity of 13.73% for the first half of 2025.
Bank of South Carolina Corporation (OTCQX: BKSC) has announced an increased quarterly cash dividend of $0.21 per share, payable July 31, 2025, to shareholders of record July 8, 2025. This marks the company's 143rd quarterly cash dividend and represents an 11% increase of $0.02 per share from the previous dividend.
The dividend increase demonstrates the bank's strong financial position, with CEO Eugene H. Walpole, IV highlighting that dividends have grown by 23% over the past nine months. The increase reflects the company's commitment to disciplined capital management and delivering long-term shareholder value.
Bank of South Carolina (OTCQX: BKSC) has announced key leadership changes effective January 1, 2026. Douglas H. Sass will retire as Executive Vice President & Senior Lender after 31 years with the bank, though he will remain on the Board of Directors and continue commercial lending activities.
The bank has appointed Robert M. Hollings, III as the new Senior Lender and Jennifer A. Arato as Chief Credit Officer. Hollings, who joined in 2010, currently serves as Senior Vice President. Arato, with the bank since 2002, has been Credit Department Manager since 2006.
President and CEO Eugene H. Walpole, IV expressed confidence in the succession plan, highlighting Sass's contributions during his tenure and the strong leadership qualities of the incoming executives.
Bank of South Carolina (BKSC) reported strong Q1 2025 performance with unaudited earnings of $1,794,014, or $0.33 basic and $0.32 diluted earnings per share, marking a significant 30.40% increase from Q1 2024. The bank achieved improved profitability metrics with annualized returns on average assets of 1.28% and average equity of 13.51%, up from 0.89% and 11.69% respectively in Q1 2024.
Key financial highlights include net interest income of $5,411,540, with total interest and fee income reaching $6,737,106. The bank's efficiency ratio improved to 59.26% from 65.17% year-over-year, while the net interest margin strengthened to 4.07% from 3.20%. Asset quality remained solid with loans past due over 30 days at 0.47%, and the allowance for credit losses maintained at 1.04% of total loans.
Bank of South Carolina (BKSC) has announced its 142nd quarterly cash dividend. The Board of Directors declared a quarterly dividend of $0.19 per share for shareholders. The dividend will be paid to shareholders of record as of April 8, 2025, with the payment scheduled for April 30, 2025.