Bank of South Carolina

Bank of South Carolina Corp. is a holding company, which engages in the provision of financial services. It offers personal and business banking services including checking, savings, certificates of deposits, health savings accounts, retirement accounts, loans, credit cards, safe deposit boxes, and internet banking. The company was founded on October 23, 1986 and is headquartered in Charleston, SC.

Earnings data Q4 2019

Earnings data Q1 2020

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Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

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Earnings data Q4 2021

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Earnings data Q4 2022

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CHARLESTON, S.C. , Dec. 19, 2024 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.19 per share to shareholders of record December 31, 2024, payable January 31, 2025.

Bank of South Carolina Corporation Declares Dividend

CHARLESTON, S.C. , Oct. 10, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $1,801,863, or $0.33 basic and diluted earnings per share, for the quarter ended September 30, 2024 – an increase of $538,493, or 42.62%, from earnings for the quarter ended September 30, 2023 of $1,263,370, or $0.23 basic and diluted earnings per share.

Bank of South Carolina Corporation Announces Third Quarter Earnings

CHARLESTON, S.C. , Sept. 26, 2024 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.19 per share to shareholders of record October 8, 2024, payable October 31, 2024.

Bank of South Carolina Corporation Declares Increased Dividend

CHARLESTON, S.C. , July 18, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC), parent company for The Bank of South Carolina, announced that the Bank has been included in American Banker magazine's annual ranking of the nation's top 100 publicly traded community banks with assets under $2 billion.

Bank of South Carolina Named to List of Top 100 Publicly Traded Community Banks

CHARLESTON, S.C. , July 11, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $1,753,798, or $0.32 basic and diluted earnings per share for the quarter ended June 30, 2024 – an increase of $476,081, or 37.26%, from earnings for the quarter ended June 30, 2023 of $1,277,717, or $0.23 basic and diluted earnings per share.

Bank of South Carolina Corporation Announces Second Quarter Earnings

CHARLESTON, S.C. , April 9, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $1,375,796 or $0.25 basic and diluted earnings per share for the quarter ended March 31, 2024 – a decrease of $212,983, or 13.41%, from earnings for the quarter ended March 31, 2023 of $1,588,779 or $0.29 and $0.28 basic and diluted earnings per share, respectively.

Bank of South Carolina Corporation Announces First Quarter Earnings

CHARLESTON, S.C. , Jan. 11, 2024 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $5,493,616, or $0.99 and $0.98 basic and diluted earnings per share, respectively, for the year ended December 31, 2023 – a decrease of $1,163,524, or 17.45%, from earnings for the year ended December 31, 2022 of $6,655,140, or $1.20 and $1.18 basic and diluted earnings per share, respectively.

Bank of South Carolina Corporation Announces Annual and Fourth Quarter Earnings

CHARLESTON, S.C., Aug. 24, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) (the "Company") the parent company for The Bank of South Carolina (the "Bank"), announced that it has notified the NASDAQ Stock Market of the Company's intent to voluntarily delist its common stock from the NASDAQ Capital Market.

Bank of South Carolina Corporation Announces Voluntary NASDAQ Delisting and SEC Deregistration

CHARLESTON, S.C. , May 25, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) (the "Company") the parent company for The Bank of South Carolina, authorized the repurchase of up to $2.0 million of the Company's issued and outstanding common stock from time to time through May 2026.

Bank of South Carolina Corporation Authorizes Stock Repurchase Program

Bank of South Carolina posted a satisfying result in the first quarter as net interest income increased. That being said, the stock is still not cheap at around 11x annualized earnings and almost 1.80 times its book value.

Bank of South Carolina: The Situation Is Improving But I'm Still On The Sidelines

Bank of South Carolina has just more than $600M in assets, of which in excess of 40% is held in securities available for sale. This caused a headache in 2022 as that portfolio lost about $23M in value, thereby rapidly eroding the book value.

Bank Of South Carolina: The Book Value Got Hammered By The Securities Portfolio

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Warren Buffett once owned a highly profitable, ultra-safe Illinois bank from 1969-1980. Regulators made him sell it, much to his chagrin. When recently analyzing another Illinois community bank, HBT Financial, I researched Buffett's shareholder letters from 1969-1980 to see if he had insights that could help in my HBT analysis.

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CHARLESTON, S.C. , Jan. 26, 2023 /PRNewswire/ -- Today, the Bank of South Carolina Corporation (Nasdaq: BKSC) announced that Fleetwood S.

Bank of South Carolina Corporation Announces Leadership Succession Plan

CHARLESTON, S.C., Oct. 14, 2021 /PRNewswire/ -- The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $1,726,937, or $0.31 and $0.30 basic and diluted earnings per share, respectively, for the quarter ended September 30, 2021 – an increase of $23,666, or 1.39%, from earnings for the quarter ended September 30, 2020 of $1,703,271, or $0.31 and $0.30 basic and diluted earnings per share, respectively.

Bank of South Carolina Corporation Announces Third Quarter Earnings & James Island Office

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I remain cautious about equity valuations. Bank valuations today are in line with historic averages.

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The Bank of South Carolina continues its strong performance with a net interest income increase. The $0.17 quarterly dividend remains comfortably covered with a $0.33 EPS in Q1 2021.

Bank Of South Carolina: A Resilient Performance, But Getting A Bit Too Expensive For My Liking

Bank Of South Carolina Is Now Yielding 4.2% After A Rare Dividend Increase

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News for Bank of South Carolina Stock (BKSC)