Bank of South Carolina Corporation Announces Third Quarter Earnings
Key Highlights
- ➤Q3 net income $2,421,687, up 12.97% year over year
- ➤Nine-month net income $6,751,539, up 14.55% year over year
- ➤Q3 diluted EPS $0.44, versus $0.38 a year earlier
- ➤Q3 net interest margin 4.85%, versus 4.30% a year earlier
- ➤Community bank leverage ratio 11.93%, up from 11.19% year over year
Expert Statements
Eugene H. Walpole, IV, President and Chief Executive Officer of Bank of South Carolina Corporation
“We are pleased to report another strong quarter, with earnings increasing nearly 13% over the same period a year ago and nearly 15% year-to-date compared with the same period last year. A net interest margin of 4.85% helped drive quarterly returns on average assets and equity of 1.71% and 15.49%, respectively. We continue to see steady loan demand in our local markets, and our solid capital position and low levels of past-due loans have us well-positioned to serve our customers and pursue these opportunities. We look forward to finishing out another successful year for the Bank.”
Bank of South Carolina Corporation Announces Third Quarter Earnings PR Newswire
CHARLESTON, S.C., Oct. 8, 2026 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $2,421,687, or $0.45 basic and $0.44 diluted earnings per share, for the quarter ended September 30, 2026 – an increase of $278,047, or 12.97%, from earnings for the quarter ended September 30, 2025 of $2,143,640, or $0.39 basic and $0.38 diluted earnings per share. Annualized returns on average assets and average equity for the quarter ended September 30, 2026 were 1.71% and 15.49%, respectively, compared with September 30, 2025 annualized returns on average assets and average equity of 1.46% and 14.58%, respectively. Unaudited earnings for the nine months ended September 30, 2026 increased $857,730, or 14.55%, to $6,751,539 compared to $5,893,809 for the nine months ended September 30, 2025. Annualized returns on average assets and average equity for the nine months ended September 30, 2026 were 1.60% and 14.69%, respectively, compared with September 30, 2025 annualized returns on average assets and average equity of 1.37% and 14.03%, respectively.
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