Welcome to our dedicated page for Ks Bancorp news (Ticker: KSBI), a resource for investors and traders seeking the latest updates and insights on Ks Bancorp stock.
KS Bancorp Inc. (KSBI) delivers community-focused banking services across eastern North Carolina through its subsidiary KS Bank. This page provides centralized access to official announcements, financial updates, and strategic developments for investors and stakeholders.
Find timely updates on quarterly earnings, leadership appointments, and regulatory filings alongside insights into community partnerships and local economic initiatives. Our curated collection ensures transparent access to material events shaping KSBI's operations and market position.
Key coverage areas include interest rate strategies, loan portfolio updates, trust service expansions, and risk management practices. Bookmark this page to monitor how KS Bancorp balances traditional banking values with modern financial solutions while supporting regional growth.
KS Bancorp (KSBI) reported strong Q1 2025 financial results with a 50% increase in net income to $2.1 million ($1.87 per diluted share), compared to $1.4 million ($1.25 per diluted share) in Q1 2024.
Key financial metrics include:
- Net interest income rose to $6.3 million from $5.1 million
- Total assets increased by $31.2 million to $722.1 million
- Net loans grew by $7.1 million to $561.6 million
- Deposits increased by $39.4 million to $657.6 million, including 5.2% growth in core deposits
The bank maintains strong asset quality with nonperforming assets below 0.10% of total assets. The Board declared a quarterly dividend of $0.27 per share, payable on May 5, 2025, to stockholders of record as of April 25, 2025. The bank remains well-capitalized with a Community Bank Leverage Ratio of 9.31%.
KS Bancorp (KSBI) reported Q4 2024 net income of $1.7 million ($1.49 per diluted share), up from $1.5 million ($1.35 per diluted share) in Q4 2023. Excluding one-time expenses related to Garner branch redevelopment, Q4 2024 net income would have been $2.1 million ($1.91 per diluted share).
Key financial highlights include: Net interest income increased to $6.2 million in Q4 2024 from $5.0 million in Q4 2023. Full-year 2024 net income was $6.1 million ($5.56 per share), slightly down from $6.2 million ($5.60 per share) in 2023. Total assets grew 12.5% to $690.7 million, with net loans up 17.3% to $554.5 million. Core deposits increased 13.1% to $618.1 million.
The company declared a quarterly dividend of $0.27 per share, maintaining strong capitalization with a Community Bank Leverage Ratio of 9.24%.
KS Bancorp (KSBI) reported strong Q3 2024 financial results with net income of $1.5 million ($1.32 per diluted share), up from $1.4 million in Q3 2023. The company showed significant growth with total assets increasing 11.9% to $686.5 million, net loans rising 9.5% to $517.9 million, and deposits growing 14.3% to $623.2 million compared to December 2023. Net interest income before credit loss provisions was $5.5 million for Q3 2024. The Board declared a quarterly dividend of $0.26 per share. The bank maintains strong capitalization with a Community Bank Leverage Ratio of 9.28%.
KS Bancorp (KSBI) reported strong financial results for Q2 2024. Key highlights include:
- Net income of $1.7 million or $1.50 per diluted share, up from $1.6 million in Q2 2023
- Net interest income before provision for credit losses increased to $5.5 million
- Total assets grew to $668.8 million, a $55.2 million increase from December 2023
- Net loan balances rose by $31.4 million to $504.3 million
- Total deposits increased by $64.0 million to $609.0 million
- Stockholders' equity improved by $3.0 million to $43.5 million
The company also declared a quarterly dividend of $0.26 per share and opened a new branch in Dunn, North Carolina, marking its tenth full-service location.
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