Bank of South Carolina Corporation reports recurring bank-company developments through earnings releases, dividend announcements and capital management updates. The company is the parent of The Bank of South Carolina and trades on OTCQX under BKSC.
Company news commonly covers quarterly and annual net income, earnings per share, returns on average assets and equity, net interest margin, loan demand, funding costs, investment securities, credit quality and interest-rate risk. Other recurring announcements address quarterly cash dividends, dividend increases and common-stock repurchase authorizations.
Bank of South Carolina (OTCQX: BKSC) reported unaudited third-quarter 2026 earnings of $2,421,687, up 12.97% from the same quarter last year. Basic and diluted earnings per share rose to $0.45 and $0.44, respectively, from $0.39 and $0.38. Nine-month earnings increased 14.55% to $6,751,539.
Quarterly net interest income rose to $6,582,072 from $6,014,142, while net interest margin increased to 4.85% from 4.30%. Annualized returns on average assets and equity reached 1.71% and 15.49%, respectively, versus 1.46% and 14.58%. Average loans increased to $371,775,367, but average deposits declined to $485,678,767. Other income fell and other expense increased. Loans more than 30 days past due represented 0.28%, versus 0.21% a year earlier and 0.98% in the preceding quarter. The community bank leverage ratio rose to 11.93% from 11.19% a year earlier.
Bank of South Carolina (BKSC), parent company of The Bank of South Carolina, declared a quarterly cash dividend of $0.25 per share.
The dividend is payable October 30, 2026, to shareholders of record October 6, 2026. It is the company's 148th quarterly cash dividend. The bank ranked 59th on a 2026 list of publicly traded community banks with assets under $2 billion, the highest rank for a South Carolina-headquartered bank.
Bank of South Carolina (OTCQX: BKSC) reported unaudited Q2 2026 net income of $2.32 million, or $0.43 basic EPS, up 18.55% from Q2 2025. Diluted EPS was $0.42.
Return on average assets was 1.64% and return on average equity 15.16%. Net interest margin reached 4.71%, while the efficiency ratio was 53.75%. For the first half of 2026, earnings rose 15.46% to $4.33 million. Management highlighted strong capital, a higher cash dividend, an active share repurchase program, and record quarterly earnings.
Bank of South Carolina (OTCQX: BKSC) declared a quarterly cash dividend of $0.25 per share, payable July 31, 2026, to shareholders of record July 7, 2026.
The dividend was increased by $0.02 per share (9%), reaching a forward annualized dividend of $1.00 and marking the 147th quarterly cash dividend.
Bank of South Carolina (OTCQX: BKSC) reported unaudited first-quarter 2026 net income of $2,010,919, a 12.09% increase versus Q1 2025, with EPS $0.37 basic, $0.36 diluted. Annualized ROAA was 1.46% and ROAE 13.39%. Net interest margin improved to 4.43%, aided by higher-yield investments and payoff of brokered deposits. Book value per share rose to $11.22. Management noted steady loan demand, cautious underwriting, and that results place the bank ahead of its profit plan.
Bank of South Carolina Corporation (OTCQX: BKSC) declared a quarterly cash dividend of $0.23 per share, payable April 30, 2026, to shareholders of record April 14, 2026. This is the company’s 146th quarterly cash dividend, continuing its long record of shareholder distributions.
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.