KS Bancorp Q2 Net Income Jumps 27% on Loan Growth, Dividend Raised 13%
KSBI sits 94% above its 52-week low of $40.07 on light trading volume (0.3× avg).
Summary
KS Bancorp reported Q2 net income of $2.90 million, up 27% year-over-year, driven by a 19.1% increase in net interest income to $8.20 million. EPS rose to $2.57 from $2.02 a year ago. The community bank also raised its quarterly dividend by 13.3% to $0.34 per share, signaling confidence in sustained earnings. Loan growth of 7.5% and deposit growth of 4.6% since year-end supported the top line, though higher operating expenses from investments in personnel and technology partially offset gains. The results reflect effective balance sheet management in a rising-rate environment, though management cautioned that future performance hinges on interest rate trends and Fed policy.
At the time of this announcement, KSBI was trading at $77.71 on OTC in the Finance sector, with a market capitalization of approximately $86.1M. The 52-week trading range was $40.07 to $86.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.