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 operates as the holding company for The Bank of South Carolina, a community-focused financial institution serving the Charleston metropolitan area. The company's common stock trades on the OTCQX Best Market under the symbol BKSC.
News and announcements related to Bank of South Carolina Corporation may cover various aspects of the institution's operations and financial performance. Corporate announcements often include quarterly earnings reports, dividend declarations, and share repurchase program authorizations. As a community bank, the institution may also issue news regarding branch openings or expansions within its tri-county market area.
Regulatory filings and disclosures provide transparency into the company's financial condition, capital levels, and strategic direction. These filings include quarterly reports on Form 10-Q, annual reports on Form 10-K, and current reports on Form 8-K for material events. Investors and analysts review these documents to assess the bank's asset quality, loan portfolio composition, deposit trends, and profitability metrics.
The bank operates within the broader context of the Charleston-area economy, and news coverage may reflect regional economic trends affecting the institution's performance. Growth in the local real estate market, business formation activity, employment trends, and infrastructure development all influence demand for the bank's commercial and consumer lending products. Changes in interest rate environments impact net interest margins and overall profitability.
Community involvement represents a core element of the bank's operating philosophy, and news may highlight participation in local initiatives, charitable activities, or economic development programs. As an independent community bank competing against larger regional and national institutions, the company's strategic positioning and competitive responses may also generate news coverage. Investors following BKSC monitor these various news sources to stay informed about factors affecting the institution's operations and financial performance.
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.
Bank of South Carolina (OTCQX: BKSC) reported strong financial results for 2024, with unaudited earnings of $6,749,736 ($1.24 basic EPS), marking a 22.87% increase from 2023's $5,493,616. Fourth quarter earnings rose 33.33% to $1,818,279 compared to the same period in 2023.
The bank achieved returns on average assets and equity of 1.14% and 13.55% respectively for 2024, improving from 0.86% and 12.90% in 2023. Notable achievements include a 5% annual loan growth and an 85 basis points improvement in net interest margin throughout the year. The bank maintained strong asset quality with minimal non-performing assets and an efficiency ratio of 59.34% in Q4 2024.
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