Bank of South Carolina Corporation Announces Third Quarter Earnings
CHARLESTON, S.C., Oct. 12, 2023 /PRNewswire/ — The Bank of South Carolina Corporation (OTCQX: BKSC) announced unaudited earnings of $1,263,371, or $0.23 basic and diluted earnings per share, for the quarter ended September 30, 2023 – a decrease of $576,896, or 31.35%, from earnings for the quarter ended September 30, 2022 of $1,840,267, or $0.33 basic and diluted earnings per share. Unaudited earnings for the nine months ended September 30, 2023 decreased $717,489, or 14.80%, to $4,129,866 compared to $4,847,355 for the nine months ended September 30, 2022. Annualized returns on average assets and average equity for the nine months ended September 30, 2023 were 0.86% and 12.95%, respectively, compared with September 30, 2022 annualized returns on average assets and average equity of 0.98% and 14.11%, respectively.