Bank of South Carolina Corporation Announces Annual and Fourth Quarter Earnings

CHARLESTON, S.C., Jan. 9, 2025 /PRNewswire/ -- The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $6,749,736, or $1.24 and $1.23 basic and diluted earnings per share, respectively, for the year ended December 31, 2024 – an increase of $1,256,120, or 22.87%, from earnings for the year ended December 31, 2023 of $5,493,616, or $0.99 and $0.98 basic and diluted earnings per share, respectively.  Unaudited earnings for the three months ended December 31, 2024 increased $454,530, or 33.33%, to $1,818,279 compared to $1,363,749 for the three months ended December 31, 2023. Returns on average assets and average equity for the year ended December 31, 2024 were 1.14% and 13.55%, respectively, compared with December 31, 2023 returns on average assets and average equity of 0.86% and 12.90%, respectively.

Read more at prnewswire.com