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KS BANCORP INC - $KSBI STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KS BANCORP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KS BANCORP's position in the market.

News
CORRECTION FROM SOURCE: KS Bancorp, Inc. (KSBI) Announces First Quarter 2024 Financial Results and Cash Dividend Increase
Rhea-AI Summary
KS Bancorp, Inc. (KSBI) announced its first quarter 2024 financial results, reporting a net income of $1.4 million. The company's total assets increased to $658.3 million, with net loan balances rising to $487.4 million. KS Bank declared a 30% increase in cash dividend to $0.26 per share. The company remains well-capitalized with a Community Bank Leverage Ratio of 9.63%.
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dividends earnings
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KS Bancorp, Inc. (KSBI) Announces First Quarter 2023 Financial Results and Cash Dividend
Rhea-AI Summary
KS Bancorp, Inc. (KSBI) announced its first-quarter 2024 financial results and a cash dividend. The company reported net income of $1.4 million, noninterest income of $829,000, and total assets of $658.3 million. Total deposits increased to $599.6 million, with a $50.8 million increase in core deposits. The company declared a quarterly dividend of $0.26 per share, marking a 30.0% increase from the previous year. KS Bank remains well capitalized with a Community Bank Leverage Ratio of 9.63%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
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dividends earnings
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KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2023 Financial Results and Cash Dividend
Rhea-AI Summary
KS Bancorp, Inc. reported a decrease in net income for the fourth quarter of 2023 compared to the same period in 2022. The company's net interest income and noninterest income also experienced declines. However, total assets, net loan balances, and total deposits saw significant increases. The company's unaudited consolidated total assets increased to $613.6 million at December 31, 2023, compared to $546.4 million at December 31, 2022. Total deposits increased $63.4 million to $545.0 million at December 31, 2023, compared to $481.6 million at December 31, 2022. Despite the challenges faced due to rising interest rates, the company remains well-capitalized and declared a quarterly dividend of $0.25 per share for stockholders. KS Bancorp, Inc. is a Smithfield, North Carolina-based single bank holding company, with KS Bank, Inc. as its sole subsidiary, serving the citizens of eastern North Carolina since 1924.
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KS Bancorp, Inc. (KSBI) Announces Third Quarter 2023 Financial Results and Cash Dividend
Rhea-AI Summary
KS Bancorp, Inc. (OTC PINK:KSBI) reported a decrease in net income of $631,000 for Q3 2023 compared to Q3 2022. Net interest income before provision for credit losses was $5.0 million in Q3 2023. Noninterest income was $812,000 and noninterest expenses were $3.8 million in Q3 2023. For the nine months ended September 30, 2023, net interest income before provision for credit losses was $15.3 million, a 5.2% increase from the same period in 2022. Noninterest income was $2.4 million and noninterest expenses were $11.4 million for the nine months ended September 30, 2023. The company's total assets increased to $605.9 million at September 30, 2023. The company's unaudited consolidated total assets increased $59.5 million, to $605.9 million at September 30, 2023, compared to $546.4 million at December 31, 2022.
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KS Bancorp, Inc. (KSBI) Announces Second Quarter 2023 Financial Results and Cash Dividend
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End-of-Day
0.83%
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dividends earnings
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KS Bancorp, Inc. Announces Executive Leadership Change, Appoints New President and CEO
Rhea-AI Summary
KS Bancorp announces leadership transitions with Earl W. Worley, Jr. appointed as President and CEO, and Harold T. Keen retiring from the Board of Directors.
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KS Bancorp, Inc. (KSBI) Announces First Quarter 2023 Financial Results and Cash Dividend
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End-of-Day
-0.52%
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dividends earnings
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KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2022 Financial Results and Cash Dividend
Rhea-AI Summary
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End-of-Day
0.95%
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dividends earnings
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KS Bancorp, Inc. (KSBI) Announces Third Quarter 2022 Financial Results and Cash Dividend
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KS Bancorp, Inc. (KSBI) Announces Second Quarter 2022 Financial Results and Cash Dividend
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KS BANCORP INC

OTC:KSBI

KSBI Rankings

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KSBI Stock Data

52.07M
907.16k
Savings Institutions
Finance and Insurance
Link
United States of America
Smithfield

About KSBI

we are a community bank that: • builds personal relationships by providing exceptional customer service • sustains profitable growth that creates value for our shareholders • contributes to the development of the communities we serve • fosters a culture of professional growth and personal fulfillment for our employees