Bank of South Carolina Corporation Declares Dividend and Authorizes Share Repurchase Program

Rhea-AI Summary

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.

Positive

• Dividend of $0.23 per share declared
• Payable on January 30, 2026 to record holders Dec 30, 2025
• Board authorized $2.0 million share repurchase program
• Previous program repurchased 156,326 shares at $12.79 average

Negative

• Repurchases are not guaranteed; company may discontinue at any time
• Timing and amount subject to regulatory, legal and accounting constraints

CHARLESTON, S.C. , Dec. 18, 2025 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.23 per share to shareholders of record December 30, 2025, payable January 30, 2026. This represents the 145th quarterly cash dividend paid to shareholders.

Additionally, the Board of Directors authorized the repurchase of up to $2.0 million of the Company's issued and outstanding common stock. This new repurchase program replaces the previous stock repurchase program approved by the Board on May 25, 2023, which recently concluded with the successful repurchase of 156,326 shares at an average price of $12.79 per share.

The stock repurchases under the new program may be open market or private purchases, negotiated transactions, block purchases, or otherwise, in accordance with securities laws. The amount and timing of the stock repurchases will be based on various factors, such as management's assessment of the Company's liquidity, the market price of Company common stock compared to management's assessment of such stock's underlying value, and other applicable regulatory, legal and accounting factors. The Company has no obligation to repurchase any shares and may discontinue repurchases at any time.

About Bank of South Carolina Corporation

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered financial institution with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the OTCQX® Best Market under the symbol "BKSC".

 

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SOURCE Bank of South Carolina

FAQ

What dividend did Bank of South Carolina (BKSC) declare on December 18, 2025?

The company declared a quarterly cash dividend of $0.23 per share to shareholders of record December 30, 2025.

When will BKSC pay the declared dividend and who is eligible?

The dividend is payable on January 30, 2026 to shareholders of record as of December 30, 2025.

How large is the new BKSC share repurchase program authorized December 18, 2025?

The Board authorized repurchases of up to $2.0 million of common stock under the new program.

What repurchase activity did BKSC complete under its previous program?

The previous program repurchased 156,326 shares at an average price of $12.79 per share.

Will BKSC definitely buy back shares under the new $2.0 million program?

No; the company has no obligation to repurchase shares and may discontinue repurchases at any time.

How will BKSC execute share repurchases under the new program?

Repurchases may occur via open market, private, negotiated or block purchases, subject to securities laws and other constraints.