CHARLESTON, S.C., Jan. 8, 2026 /PRNewswire/ — The Bank of South Carolina Corporation (OTCQX:BKSC) announced unaudited earnings of $7,907,090, or $1.45 and $1.41 basic and diluted earnings per share, respectively, for the year ended December 31, 2025 – an increase of $1,157,354, or 17.15%, from earnings for the year ended December 31, 2024 of $6,749,736, or $1.24 and $1.23 basic and diluted earnings per share, respectively. Unaudited earnings for the three months ended December 31, 2025 increased $195,002, or 10.72%, to $2,013,281 compared to $1,818,279 for the three months ended December 31, 2024. Returns on average assets and average equity for the year ended December 31, 2025 were 1.38% and 13.83%, respectively, compared with December 31, 2024 returns on average assets and average equity of 1.14% and 13.55%, respectively.
Eugene H. Walpole, IV, President and Chief Executive Officer, stated, “We are extremely proud of our performance for both the quarter and the year, generating a return on average assets of 1.39% and 1.38%, respectively, and a return on average equity of 13.28% and 13.55%, respectively. 2025 was a record year for profitability, as we achieved all-time highs in both net income and earnings per share. Our continued focus on the appropriate pricing of assets and liabilities, consistent generation of noninterest income, and disciplined management of overhead was a strategy that yielded tremendous results. We also successfully completed a $2 million stock repurchase program, as we remain committed to deploying capital in a manner that maximizes long-term shareholder value. Most importantly, I would like to thank our dedicated employees for their continued devotion to our bank and customers over the past year.”
|
Selected Condensed Consolidated Financial Data (Unaudited) |
|||||
|
For the Three Months Ended |
|||||
|
December 31, |
September 30, |
June 30, |
March 31, |
December 31, |
|
|
Total Interest and Fee |
$ 7,139,722 |
$ 7,317,405 |
$ 7,202,647 |
$ 6,737,106 |
$ 6,818,624 |
|
Total Interest Expense |
1,207,326 |
1,303,263 |
1,304,294 |
1,325,566 |
1,406,681 |
|
Net Interest Income |
5,932,396 |
6,014,142 |
5,898,353 |
5,411,540 |
5,411,943 |
|
Provision for Credit Losses |
200,000 |
250,000 |
100,000 |
50,000 |
25,000 |
|
Net Interest Income After |
5,732,396 |
5,764,142 |
5,798,353 |
5,361,540 |
5,386,943 |
|
Total Other Income |
|||||