Bank of South Carolina reports higher Q2 earnings as net interest income and margins improve.
Stock Earnings Results
July 9, 2026
Table of Contents
July 9, 2026
Bank of South Carolina Corporation (OTCQX: BKSC) reported second-quarter 2026 earnings growth, supported by higher net interest income, margin expansion, stronger returns on assets and equity, and continued capital returns.
Bank of South Carolina Corporation is the holding company of The Bank of South Carolina, a state-chartered community bank with offices across Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and West Ashley.
The company reported net income of $2.3 million, or $0.43 per basic share and $0.42 per diluted share. Earnings increased 18.6% from $2.0 million, or $0.36 per basic share and $0.35 per diluted share, in the prior-year quarter.
No analyst estimate data was provided in the supplied release.
Net income increased to $2.3 million from $2.0 million a year earlier.
Net interest income increased to $6.4 million from $5.9 million in the prior-year quarter.
Net interest margin improved to 4.71%, compared with 4.33% a year earlier and 4.43% in the first quarter of 2026.
Return on average assets increased to 1.64% from 1.37% a year earlier. Return on average equity increased to 15.16% from 13.95%.
The company also reported a stronger efficiency ratio of 53.75%, compared with 57.97% in the prior-year quarter.
Average loans increased to $371.1 million from $363.1 million a year earlier.
Average deposits were $491.6 million, compared with $501.2 million in the prior-year quarter, but improved from $484.4 million in the first quarter of 2026.
Management said the company continues to see opportunities to deploy liquidity from maturing investment securities into higher-yielding loans across its markets.
Book value per share increased maturing investment securities into higher-yielding loans across its markets.
Book value per share increased to $11.43, compared with $10.47 a year earlier.
The company’s community bank leverage ratio was 11.63%, compared with 11.19% a year earlier.
Loans past due more than 30 days were 0.98% of total loans, up from 0.29% in the prior-year quarter.
Allowance for credit losses as a percentage of total loans increased to 1.22%, compared with 1.06% a year earlier.
Bank of South Carolina said its capital position remains strong while it continues returning capital to shareholders through a recently announced dividend increase and its ongoing share repurchase program.
Investors are likely watching net interest margin, loan growth, deposit trends, credit quality, past-due loans, capital levels, share repurchases, dividend growth, and whether the bank can continue deploying liquidity into higher-yielding loans.
The quarter showed stronger profitability, but the increase in past-due loans may remain a point to monitor.
Bank of South Carolina delivered its highest quarterly earnings in company history.
The results were supported by stronger net interest income, higher EPS, margin expansion, better efficiency, and solid capital levels. The bank also continued returning capital to shareholders, signaling confidence in its balance sheet.
The key question is whether the company can keep expanding earnings while maintaining credit quality as loan growth improves.
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