Ks Bancorp, Inc. (KSBI) Declares $0.12 Quarterly Dividend; 1.6% Yield

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KS Bancorp, Inc. (KSBI) Announces First Quarter 2021 Financial Results and Cash Dividend

April 26, 2021 1:28 PM EDT

SMITHFIELD, N.C., April 26, 2021 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the first quarter of 2021.

The Company reported net income of $1,459,000 or $1.32 per diluted share, for the three months ended March 31, 2021, an increase of 58.2% compared to net income of $922,000 or $0.83 per diluted share, for the three months ended March 31, 2020.

Net interest income for the three months ended March 31, 2021, was $4.2 million as compared to $3.5 million for the comparable period in 2020. Noninterest income for the three... More