#United States #Charleston #earnings report #Bank of South Carolina #BKSC

Bank of South Carolina Corporation Reports Record Earnings for 2025

In a recent announcement, the Bank of South Carolina Corporation, trading under the symbol OTCQX: BKSC, disclosed its unaudited earnings for the year ending December 31, 2025. The bank reported an impressive net income of $7,907,090, translating into earnings per share (EPS) of $1.45 and $1.41 basic and diluted, respectively. This performance marks a remarkable increase of $1,157,354, or 17.15%, when compared to the previous year’s earnings of $6,749,736, which had generated EPS of $1.24 and $1.23 for basic and diluted shares.

The bank attributed its successful fiscal performance to a well-coordinated strategy focusing on asset and liability pricing, consistent noninterest income generation, and disciplined overhead management. This measured approach not only led to an increase in net income but also saw significant improvements in performance metrics, such as a return on average assets (ROAA) of 1.38% and a return on average equity (ROAE) of 13.83%, both higher than precedents set in 2024.

Quarterly Performance Insights

Focusing on quarterly performance, the Bank of South Carolina reported a net income of $2,013,281 for Q4 of 2025. This reflected a 10.72% increase or $195,002 more than the $1,818,279 recorded in the same quarter of 2024. These earnings reflect a consistent trend of growth over recent quarters, bolstered by the bank's effective management strategies which prioritize strong returns and financial health.

Eugene H. Walpole, IV, President and CEO of the bank, expressed pride in the institution's achievements for both the quarter and the year, emphasizing that 2025 was a record year of profitability. "With all-time highs in net income and earnings per share, our strategic focus has paid dividends, culminating in a significant return for our shareholders," he stated, thanking the bank's employees for their dedication.

Key Financial Highlights

The financial statements highlighted some crucial metrics that underscore the bank's robust performance:

• - Total Interest and Fee Income: The quarterly income rose from $6,818,624 in Q4 2024 to $7,139,722 in Q4 2025.
• - Net Interest Income: The figure showed a positive trend, climbing to $5,932,396 in the last quarter of 2025.
• - Efficiency Ratio: The bank reported a decline in the efficiency ratio to 59.01%, showcasing improved operational efficiency.
• - Stock Repurchase Program: The completion of a $2 million stock repurchase program illustrates the bank's commitment to maximizing long-term shareholder value.

Looking Ahead

As the Bank of South Carolina continues its upward trajectory, stakeholders are optimistic about future earnings and the continued execution of effective strategies that drive sustained growth. In light of these results, the community-driven bank is well-positioned to enhance its services and expand its market presence.

For those interested in keeping abreast of future announcements and updates from the Bank of South Carolina, their corporate website provides essential resources and investor information. As a staple in the Charleston banking scene since 1987, the bank remains dedicated to serving the financial needs of its customers and shareholders alike.

In conclusion, the Bank of South Carolina Corporation has displayed a formidable performance in 2025, setting benchmarks for future growth amid a foundational commitment to operational excellence and customer service.