KS Bancorp, Inc. (KSBI) Reports Strong Growth in Assets, Loans, Deposits and Equity for the Third Quarter of 2026
Key Highlights
- ➤Q3 net income rose 15.0% to $2.9 million; diluted EPS reached $2.58
- ➤Net interest income increased 18.5% year over year to $8.6 million
- ➤Total assets grew 14.7% to $943.7 million from December 31, 2025
- ➤Net loans increased 13.5% to $753.7 million from December 31, 2025
- ➤Quarterly dividend increased approximately 6.0% to $0.36 per share
Expert Statements
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“KS Bancorp delivered another quarter of strong financial performance, highlighted by double-digit growth in earnings, loans, deposits, assets, and stockholders' equity.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“These results reflect the successful execution of our strategic plan, disciplined balance sheet management, and the dedication of our employees to serving customers and communities across our markets.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“We were also pleased to continue investing in the future of our franchise through strategic expansion initiatives, including the opening of our Lillington Branch in August and the announcement of our entry into the Roseboro and Sampson County, North Carolina market.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“These opportunities reinforce our commitment to bringing relationship-based community banking to North Carolina communities while creating long-term value for our customers and shareholders.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“Reflecting the Company's strong operating performance, capital position, and confidence in our future, our Board of Directors approved an increase in the quarterly cash dividend from $0.34 to $0.36 per share, an increase of approximately 6.0%.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“For calendar year 2026, shareholders have had an 18.0% increase in dividends over the previous year.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“This action demonstrates the Board's confidence in the Company's long-term outlook and our ongoing commitment to delivering consistent returns to shareholders while continuing to invest in the growth and strength of KS Bank.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“While we remain optimistic about our long-term prospects, economic uncertainty persists.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“Future results could be impacted by additional interest rate increases by the Federal Reserve, competitive pressures on deposit pricing, changes in customer borrowing activity, and broader economic conditions.”
Earl W. Worley, Jr., President and CEO of KS Bancorp, Inc.
“Regardless of the environment, we remain committed to maintaining strong capital and liquidity, managing risk prudently, supporting our communities, and creating sustainable long-term value for our shareholders.”
SMITHFIELD, NC / ACCESS Newswire / October 27, 2026 / KS Bancorp, Inc. (the "Company") (OTCID:KSBI), parent company of KS Bank, Inc. (the "Bank"), announced today financial results for the quarter and nine months ended September 30, 2026.
Financial Highlights * Net income increased 15.0% to $2.9 million in the third quarter of 2026. * Earnings per share increased to $2.58, compared to $2.24 in the prior‑year quarter. * Net interest income before the provision increased 18.5% year over year to $8.6 million. * Net income increased 22.0% year over year to $8.3 million for the nine months ended September 30, 2026. * Total assets increased to $943.7 million, up $121.1 million, or 14.7%, from December 31, 2025. * Net loans grew to $753.7 million, an increase of $89.5 million, or 13.5%, from December 31, 2025. * Total deposits increased 15.0% to $861.6 million, an increase of $112.0 million from December 31, 2025. The Company reported net income totaling $2.9 million, or $2.58 per diluted share, for the three months ended September 30, 2026, compared to $2.5 million, or $2.24 per diluted share, for the same period in 2025. The increase was driven primarily by strong growth in net interest income, partially offset by higher operating expenses reflecting continued investment in personnel, technology, and infrastructure. Net interest income increased to $8.6 million, up $1.3 million, or 18.5%, from the third quarter of 2025. The provision for credit losses was $335 thousand for the quarter, reflecting continued loan growth and management's assessment of current economic conditions and portfolio credit quality. Noninterest income remained stable at $1.1 million for the three months ended September 30, 2026, and September 30, 2025. Noninterest expense increased to $5.8 million, compared to $4.9 million in the third quarter of 2025, primarily due to compensation and benefits, occupancy costs, and technology‑related expenses.
Get started
Create a free account to read the full story.