KS Bancorp, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
April 27, 2023 at 08:42 pm IST
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KS Bancorp, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net interest income was USD 5.2 million compared to USD 4.23 million a year ago. Net income was USD 1.72 million compared to USD 1.37 million a year ago.
Basic earnings per share from continuing operations was USD 1.55 compared to USD 1.23 a year ago. Diluted earnings per share from continuing operations was USD 1.55 compared to USD 1.23 a year ago.
KS Bancorp, Inc. is a bank holding company. The Company offers a range of personal and business banking products and services, mortgage products and trust services. The Company operates through its subsidiary, KS Bank, Inc. (the Bank), which conducts its operations through nine full-service branch offices in Kenly, Goldsboro, Wilson, Garner, Selma, Clayton, Wendell, Four Oaks and Smithfield, North Carolina, as well as a loan production office in Dunn. KS Personal Services offers a complete suite of deposit and loan products that are tailored to specific needs, while KS Business Services includes deposit and loan products, payroll services (through Flex Pay), merchant card services, cash management and remote deposit. KS Mortgage Services offers mortgage products through a team of mortgage specialists. Its Trust Services Division offers a complete line of trust services, such as money management, individual retirement accounts (IRAs), trust administration and estate administration.
KS BANCORP, INC. 