Bank of South Carolina Reports Q3 Earnings Increase
The Bank of South Carolina Corporation (BKSC) reported unaudited third-quarter earnings for the period ending September 30, 2026. The company earned $2.42 million or $0.45 per share—up from $2.14 million in the same quarter a year ago. This represents an increase of approximately 13%. Annualized returns on average assets and equity rose to 1.71% and 15.49%, respectively, compared with prior-year figures of 1.46% and 14.58%. The nine-month earnings for the period ending September 2026 also showed a year-over-year increase of nearly $858,000 or about 14.55%. CEO Eugene H. Walpole attributed strong performance to an improved net interest margin and steady loan demand in local markets. The company's financial data shows consistent growth across several metrics including total interest income and a reduction in past-due loans. The efficiency ratio has also shown improvement, indicating better cost management relative to revenue generation. With solid capital positioning and low levels of delinquent loans, the bank is well-prepared for future opportunities according to its leadership. BKSC's performance reflects positive momentum driven by strong operational metrics and a favorable market environment in South Carolina.
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