Bank of South Carolina Corporation Announces Dividend and Stock Buyback Program

Bank of South Carolina Corporation Declares Dividend and Authorizes Share Repurchase Program

On December 18, 2025, the Board of Directors of Bank of South Carolina Corporation, which operates under the ticker symbol OTCQX: BKSC, announced a quarterly cash dividend of $0.23 per share. This dividend is set for shareholders of record on December 30, 2025, and will be distributed on January 30, 2026. This marks the 145th consecutive quarterly cash dividend issued by the bank, reflecting a strong commitment to returning value to shareholders.

In addition to the dividend declaration, the Board approved a new repurchase program allowing the company to buy back up to $2 million worth of its outstanding common stock. This initiative replaces a previous program that began on May 25, 2023, which wrapped up successfully with the repurchase of 156,326 shares at an average price of $12.79 each.

The stock repurchases under this new program can occur through various means including open market purchases, negotiated transactions, or block purchases, compliant with securities laws. The timing and amount of shares bought back will depend on multiple factors such as the management's evaluation of the company’s liquidity, market prices of the stock, and other relevant regulatory and accounting considerations. Notably, the company retains the discretion to stop repurchases at any moment, depending on said factors.

The Bank of South Carolina Corporation operates as the holding entity for The Bank of South Carolina which has been a staple of the region's financial landscape since 1987. With establishments in prominent locations including Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community, it has established itself as a trusted financial institution within South Carolina.

For more information, visit www.banksc.com. The Bank currently trades on the OTCQX® Best Market under the symbol "BKSC".

As a forward-looking institution, the Bank of South Carolina continues to demonstrate its commitment to enhancing shareholder value through dividends and share buybacks, positioning itself positively in the financial market. The proactive measures taken by the Board of Directors signal confidence in the company’s underlying value and financial stability.

Shareholders can look forward to not only receiving their cash dividends but also benefit from potential appreciation in stock value as the company undertakes buyback initiatives designed to reduce the overall number of outstanding shares. This strategy not only demonstrates the company’s financial health but also should positively impact earnings per share moving forward.

As the financial landscape evolves, initiatives like these are crucial as they offer investors tangible returns while signaling a robust internal evaluation process that prioritizes shareholder interests.