Bank of South Carolina Corporation Announces Second Quarter Earnings

Provided By PR Newswire

Last update: Jul 14, 2022

CHARLESTON, S.C., July 14, 2022 /PRNewswire/ -- The Bank of South Carolina Corporation (NASDAQ: BKSC) announced unaudited earnings of $1,542,981, or $0.28 and $0.27 basic and diluted earnings per share, respectively, for the quarter ended June 30, 2022 – a decrease of $125,703, or 7.5%, from earnings for the quarter ended June 30, 2021 of $1,668,684, or $0.30 and $0.29 basic and diluted earnings per share, respectively. Unaudited earnings for the six months ended June 30, 2022 decreased $471,671 or 13.6%, to $3,007,088 compared to $3,478,759 for the six months ended June 30, 2021. Annualized returns on average assets and average equity for the six months ended June 30, 2022 were 0.90% and 12.57%, respectively, compared with June 30, 2021 annualized returns on average assets and average equity of 1.27% and 12.80%, respectively.