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), the parent company of KS Bank, Inc., regularly publishes detailed financial and operational updates that are relevant to investors and followers of community banks. This news page aggregates those company-issued releases, with a focus on earnings, balance sheet trends, dividends, and branch network developments in eastern North Carolina.
In its public announcements, KS Bancorp reports unaudited quarterly and annual results, including net income, earnings per diluted share, net interest income before provision for credit losses, noninterest income, and noninterest expenses. The company also discloses key balance sheet data such as total assets, net loans, investment securities, total deposits, borrowings, and stockholders’ equity, along with measures of asset quality like nonperforming assets and the allowance for credit losses.
KS Bancorp’s news releases frequently highlight its status as a well-capitalized community bank under regulatory standards, referencing the Community Bank Leverage Ratio. They also describe regular quarterly cash dividends declared by the board of directors, including the dividend amount per share and record and payment dates. In addition, the company uses these updates to communicate milestones such as the opening of new full-service branches in communities like Dunn and Bailey, North Carolina, and expansion into Nash County.
Investors and observers can use this KSBI news feed to follow how KS Bancorp’s financial performance, capital position, and branch footprint evolve over time, based on information the company itself has chosen to disclose in its official public communications.
KS Bancorp, Inc. (OTC Pink: KSBI) reported a net income of $1.7 million or $1.52 per diluted share for Q3 2021, marking a 47.16% increase compared to Q3 2020. For the nine months ended September 30, 2021, net income totaled $4.7 million. Net interest income before provisions was $4.7 million in Q3 2021, up from $3.8 million in Q3 2020. Total assets increased to $559.1 million, with total deposits rising 18.2% to $475.9 million. The Board declared a quarterly dividend of $0.16 per share.
KS Bancorp, Inc. (OTC Pink: KSBI) reported a net income of $1.519 million or $1.37 per diluted share for Q2 2021, marking a 56.4% increase from $971,000 in Q2 2020. For the first half of 2021, net income rose to $3.0 million or $2.69 per diluted share, up from $1.9 million. Total assets reached $533.6 million, up $47.8 million since December 2020. Deposits increased by 12.3% to $452.1 million. However, net loan balances decreased by $23.4 million, primarily due to the forgiveness of PPP loans. A quarterly dividend of $0.16 per share was declared for payment on August 9, 2021.
KS Bancorp, Inc. (OTCBB: KSBI) reported strong first-quarter results for 2021, with net income of $1.46 million ($1.32 per diluted share), marking a 58.2% increase year-over-year. Net interest income rose to $4.2 million, while noninterest income slightly declined to $675,000. Deposits surged by 7.2% to $431.4 million, indicating robust balance sheet growth. The company declared a quarterly dividend of $0.12 per share, payable on May 10, 2021. KS Bancorp remains well-capitalized with total risk-based capital at 13.39%, showcasing its financial stability amid economic challenges.