Bank of South Carolina Corporation Announces First Quarter Earnings

CHARLESTON, S.C., April 12, 2022 /PRNewswire/ -- The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $1,464,106 or $0.26 and $0.26 basic and diluted earnings per share, respectively, for the quarter ended March 31, 2022 – a decrease of 19.11% from earnings for the quarter ended March 31, 2021 of $1,810,075, or $0.33 and $0.32 basic and diluted earnings per share. Annualized returns on average assets and average equity for the three months ended March 31, 2022 were 0.88% and 11.24%, respectively, compared with March 31, 2021 annualized returns on average assets and average equity of 1.37% and 13.26%, respectively.

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