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.
The Bank of South Carolina Corporation (BKSC) reported unaudited earnings of $1,726,937 for Q3 2021, reflecting a 1.39% increase from Q3 2020. Basic and diluted earnings per share were $0.31 and $0.30, respectively. For the nine months ended September 30, 2021, net income rose by 10.16% to $5,205,696. Despite low loan demand, earnings were supported by the mortgage operation. The company announced a new office opening in Q2 2023 on James Island, enhancing its market presence.
The Board of Directors of Bank of South Carolina Corporation (NASDAQ: BKSC) announced a quarterly cash dividend of $0.17 per share. This dividend is payable to shareholders of record on October 5, 2021, and will be disbursed on October 29, 2021. This marks the 128th quarterly cash dividend distributed to shareholders in over 34 years. Fleetwood S. Hassell, President and CEO, emphasized the company's strong capital position as they progress through the year.
The Bank of South Carolina Corporation (Nasdaq: BKSC) reported a net income of $1,668,684 for Q2 2021, translating to basic earnings per share of $0.30, marking an 11.17% increase from $1,501,023 in Q2 2020. For the first half of 2021, net income rose 15.11% to $3,478,759. Despite favorable earnings growth, the bank faces challenges in deploying high liquidity into higher yielding assets, with low current loan demand. The company maintained strong annualized returns on average assets and equity of 1.27% and 12.80%, respectively.
Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.17 per share, payable on July 30, 2021, to shareholders of record by July 6, 2021. This marks the 127th quarterly cash dividend in over 30 years of shareholder rewards. The company was recently recognized as the #35 bank in the nation for three-year return on average equity among publicly traded banks with assets under $2 billion. This recognition highlights the bank's strong performance and commitment to its shareholders.
The Bank of South Carolina Corporation (Nasdaq: BKSC) reported unaudited earnings of $1,810,075, or $0.33 basic and $0.32 diluted earnings per share for Q1 2021, marking a 19% increase from $1,521,131, or $0.28 and $0.27 per share in Q1 2020. The annualized return on average assets and equity were 1.37% and 13.26%, respectively. The bank plans to utilize excess liquidity in higher yielding assets. A special cash dividend of $0.10 will be paid in addition to the regular $0.17 dividend.
The Bank of South Carolina Corporation (NASDAQ: BKSC) announced a quarterly cash dividend of $0.17 per share and a special cash dividend of $0.10 per share, both payable on April 30, 2021, to shareholders of record as of April 6, 2021. This marks the 126th quarterly cash dividend, continuing over 30 years of shareholder returns. CEO Fleetwood S. Hassell noted a successful stock repurchase program, utilizing $400,000 of the $1.0 million authorized, while expressing optimism for the company’s future amid strong capitalization.
The Bank of South Carolina Corporation (BKSC) announced unaudited earnings of $6,460,631 for the year ending December 31, 2020, marking an 11.72% decline from $7,318,433 in 2019. Basic and diluted earnings per share were $1.17 and $1.14, respectively. For Q4 2020, net income fell to $1,735,206, a 2.16% decrease from $1,773,529 in Q4 2019. The company reported a return on average assets of 1.28% and equity of 11.93%, down from 1.66% and 14.86% in 2019. Total assets increased to $532,494,599.
The Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share. This dividend is for shareholders of record as of December 29, 2020, and will be payable on January 29, 2021. Marking the 125th quarterly cash dividend since its founding in 1986, this payout reflects the bank's strong earnings and capital position, as noted by President and CEO Fleetwood S. Hassell.
The Bank of South Carolina Corporation (BKSC) reported unaudited earnings of $1,703,271, or $0.31 per share, for Q3 2020, a 15.46% decline from $2,014,791, or $0.36 per share, in Q3 2019. For the first nine months of 2020, earnings fell 14.78% to $4,725,425 compared to $5,544,902 in the same period last year. Annualized returns on average assets and equity decreased to 1.28% and 11.77%, respectively. Despite these challenges, the bank noted steady deposit growth and a strong loan loss reserve.
Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share, marking a 6.25% increase. This dividend is payable to shareholders of record on October 5, 2020, with a payment date of October 30, 2020. This announcement signifies the 124th quarterly dividend in over 30 years of consistent shareholder rewards. CEO Fleetwood S. Hassell expressed confidence in the bank's resilience and commitment to a robust local economy amidst recent challenges.