KS Bancorp, Inc. (KSBI) Reports 52% Earnings Growth and 19% Growth in Total Assets for 2025

Rhea-AI Summary

KS Bancorp (OTCID:KSBI) reported strong 2025 results with full-year net income of $9.36M (up 52% vs. 2024) and EPS $8.44. Total assets rose to $822.6M (+19% vs. 12/31/2024) driven by loan growth to $664.2M. Net interest income for 2025 was $28.16M (up 26.8%), noninterest income was $3.95M, and noninterest expense totaled $19.02M. Deposits grew to $749.6M (+21%). Allowance for credit losses was $5.06M (0.76% of loans) and nonperforming assets remained below 0.20%. The Board declared a quarterly dividend of $0.30 per share payable Feb 12, 2026.

Positive

• Net income +52% year-over-year to $9.36M (2025)
• Total assets +19% to $822.6M as of 12/31/2025
• Net loans +19.8% to $664.2M in 2025
• Net interest income +26.8% to $28.16M for 2025
• Deposits +21% to $749.6M year-end 2025
• Nonperforming assets <0.20% of total assets

Negative

• Noninterest expenses +11.4% to $19.02M for 2025
• Provision for loan losses increased to $1.03M in 2025 (from $0.49M)

News Market Reaction

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On the day this news was published, KSBI declined NaN%, reflecting a moderate negative market reaction.

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SMITHFIELD, NC / ACCESS Newswire / January 23, 2026 / KS Bancorp, Inc. (the "Company") (OTCID:KSBI), parent company of KS Bank, Inc. (the "Bank"), reported strong financial results for the fourth quarter and the year ended December 31, 2025, highlighted by significant growth in earnings, assets, and reflecting continued loan demand and disciplined balance sheet management.

For the three months ended December 31, 2025, the Company reported net income of $2.6 million, or $2.31 per diluted share, compared to $1.7 million, or $1.49 per diluted share, for the same period in 2024. This represents a 55.0% increase in net income year-over-year.

For the full year ended December 31, 2025, net income was $9.4 million, or $8.44 per diluted share, compared to $6.2 million, or $5.56 per diluted share, for the twelve months ended December 31, 2024, an increase of 52.0%.

Net interest income before the provision for credit losses increased 24.3% to $7.7 million for the fourth quarter of 2025, compared to $6.2 million for the same quarter in 2024. Non-interest income for the three months ended December 31, 2025, was $969,000, compared to $915,000 for the comparable period ended December 31, 2024. Non-interest expense totaled $5.1 million, compared to $4.8 million in the fourth quarter of 2024.

For the twelve months ending December 31, 2025, net interest income before the provision for credit losses was $28.2 million, up 26.8% from $22.2 million in the same period of 2024. Non-interest income increased to $4.0 million, compared to $3.5 million for the same period ended December 31, 2024, while non-interest expenses were $19.0 million, compared to $17.1 million for the twelve months ending December 31, 2024. The increase reflects investments in personnel, equipment, and technology to support continued growth.

As of December 31, 2025, the Company's unaudited consolidated total assets were $822.6 million, an increase of $131.7 million from $690.9 million at December 31, 2024. Driven by continued loan demand across the Company's branch network, net loan balances grew $109.7 million to $664.2 million, compared to $554.5 million at December 31, 2024. The Company's investment securities totaled $95.2 million at December 30, 2025, compared to $95.9 million at December 31, 2024. Total deposits increased by $131.4 million to $749.6 million at December 31, 2025, compared to $618.2 million at December 31, 2024. The increase included a $35.3 million increase in core deposits. Borrowings declined by $11.1 million, totaling $11.3 million at December 31, 2025, compared to $22.4 million at year's end 2024. Total stockholders' equity increased $10.5 million to $55.8 million as of December 31, 2025, from $45.3 million as of December 31, 2024, reflecting strong retained earnings and overall balance sheet health.

 

As of December 31, 2025, nonperforming assets consisted of nonaccrual loans totaling $329,000 and foreclosed real estate with a value of $500,000, representing less than 0.20% of the Company's total assets. The allowance for credit losses as of December 31, 2025, totaled $5.1 million, or 0.76% of total loans.

Commenting on the fourth quarter results, Earl W. Worley, Jr., President and CEO of the Company, stated, "We are proud to report a strong fourth quarter and the best year on record for KS Bancorp, Inc., highlighted by solid earnings growth and continued balance sheet expansion. Full year net income increased 52%, reflecting the strength of our core operations and the continued trust our customers place in KS Bank. Loan growth of nearly 20% and deposit growth of more than 21% during the year demonstrated the sustained demand across our markets and the effectiveness of our relationship-focused approach to community banking. Notably, we achieved this growth while maintaining a healthy balance sheet, strong capital levels, and excellent credit quality. Nonperforming assets remained below 0.20% of total assets, and our capital ratios continue to reflect a well-capitalized institution. As we move forward, we remain focused on disciplined balance sheet management, prudent risk practices, and strategic investments in our people and technology, while staying true to the values that have guided KS Bank for more than a century. In addition, we thank our employees, customers, and shareholders for their continued trust and support."

In addition, the Company announced today that its Board of Directors have declared a quarterly dividend of $0.30 per share for stockholders of record as of February 2, 2026, with payment to be made on February 12, 2026.

KS Bank continues to be well-capitalized according to regulatory standards, with a Community Bank Leverage Ratio of 9.02% as of December 30, 2025, compared to 9.24% as of December 31, 2024.

KS Bancorp, Inc. is a Smithfield, North Carolina-based single-bank holding company. KS Bank, Inc., a state-chartered savings bank, is KS Bancorp's sole subsidiary. The Bank is a full-service community bank that has served the citizens of eastern North Carolina since 1924. The Bank offers a broad range of personal and business banking products and services, as well as mortgage and trust services. Eleven full-service branches are located in Kenly, Selma, Clayton, Garner, Goldsboro, Wilson, Wendell, Smithfield, Four Oaks, Dunn, and Bailey, North Carolina. For more information, visit www.ksbankinc.com.

Contact:
Earl W. Worley, Jr.
President and Chief Executive Officer
(919) 938-3101

Regina J Smith
Chief Financial Officer
(919) 938-3101

KS Bancorp, Inc. and Subsidiary
Consolidated Statements of Financial Condition

		December 31, 2025 (unaudited)				December 31, 2024*
ASSETS
Cash and due from banks:
Interest-earning		$	30,244			$	10,627
Noninterest-earning			5,259				4,897
Time Deposit			746				523
Investment securities available for sale, at fair value			95,158				95,946
Federal Home Loan Bank stock, at cost			498				469
Loans			669,267				558,779
Less allowance for loan losses			(5,062	)			(4,259	)
Net loans			664,205				554,520
Accrued interest receivable			3,078				2,655
Foreclosed assets, net			500				-
Property and equipment, net			13,603				12,231
Other assets			9,312				8,981
Total assets		$	822,603			$	690,849
LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Deposits		$	749,601			$	618,156
Short-term borrowings			-				11,144
Long-term borrowings			11,248				11,248
Accrued interest payable			405				323
Accrued expenses and other liabilities			5,505				4,675
Total liabilities			766,759				645,546
Stockholder's Equity:
Preferred stock, no par value, 500,000 shares authorized; none issued and outstanding
Common stock, no par value, 3,500,000 shares authorized; 1,107,776 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively			1,359				1,359
Retained earnings, substantially restricted			60,814				52,675
Accumulated other comprehensive Income (loss)			(6,329	)			(8,731	)
Total stockholders' equity			55,844				45,303
Total liabilities and stockholders' equity		$	822,603			$	690,849
* Derived from audited financial statements

KS Bancorp, Inc and Subsidiary
Consolidated Statement of Income

		Three Months Ended								Twelve Months Ended
		31-Dec								31-Dec
		2025				2024				2025				2024
		(In thousands, except per share data)
Interest and dividend income:
Loans		$	10,797			$	8,749			$	39,674			$	32,269
Investment securities
Taxable			589				564				2,299				2,138
Tax-exempt			185				182				729				771
Dividends			19				29				37				47
Interest-bearing deposits			203				203				616				925
Total interest and dividend income			11,793				9,727				43,355				36,150
Interest expense:
Deposits			3,982				3,472				14,442				13,100
Borrowings			159				98				755				848
Total interest expense			4,141				3,570				15,197				13,948
Net interest income			7,652				6,157				28,158				22,202
Provision for loan losses			215				47				1,025				493
Net interest income after
provision for loan losses			7,437				6,110				27,133				21,709
Noninterest income:
Service charges on deposit accounts			394				369				1,451				1,343
Fees from trust services			441				368				1,615				1,391
Other income			134				178				885				754
Total noninterest income			969				915				3,951				3,488
Noninterest expenses:
Compensation and benefits			3,149				2,519				11,716				10,066
Occupancy and equipment			749				751				2,718				2,999
Data processing & outside service fees			319				256				1,172				988
Advertising			59				56				269				228
Other			828				1,187				3,148				2,790
Total noninterest expenses			5,104				4,769				19,023				17,071
Income before income taxes			3,302				2,256				12,061				8,126
Income tax			741				603				2,703				1,968
Net income		$	2,561			$	1,653			$	9,358			$	6,158
Basic and Diluted earnings per share		$	2.31			$	1.49			$	8.44			$	5.56

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of management of the Company and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of words like "expect," "anticipate," "estimate" and "believe," variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements.

SOURCE: KS Bancorp, Inc.

View the original press release on ACCESS Newswire

FAQ

What were KS Bancorp (KSBI) full-year 2025 net income and EPS?

KSBI reported full-year 2025 net income of $9.36M and diluted EPS of $8.44.

How much did KSBI's total assets grow in 2025 and what was the year-end balance?

Total assets grew about 19%, reaching $822.6M as of December 31, 2025.

What dividend did KS Bancorp declare and when is the payment date?

The board declared a quarterly dividend of $0.30 per share, payable on February 12, 2026 to holders of record on February 2, 2026.

How did KSBI's loan and deposit growth perform in 2025?

Net loan balances rose to $664.2M (about +19.8%) and deposits increased to $749.6M (about +21%) in 2025.

What was KS Bancorp's credit quality at year-end 2025?

Allowance for credit losses totaled $5.06M (0.76% of loans) and nonperforming assets were below 0.20% of total assets.