Ks Bancorp, Inc. (KSBI) Declares $0.25 Quarterly Dividend; 2% Yield

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KS Bancorp, Inc. (KSBI) Announces Second Quarter 2023 Financial Results and Cash Dividend

July 25, 2023 1:28 PM EDT

SMITHFIELD, N.C., July 25, 2023 (GLOBE NEWSWIRE) -- KS Bancorp, Inc. (the Company) (OTCBB: KSBI), parent company of KS Bank, Inc. (the Bank), announced unaudited results for the second quarter of 2023.

The Company reported net income of $1.6 million or $1.41 per diluted share, for the three months ended June 30, 2023, compared to net income of $1.8 million or $1.62 per diluted share, for the three months ended June 30, 2022. Comparing the second quarter 2023 to the second quarter of 2022, there was a decrease in net income of $236,000, which is primarily attributable to the $230,000 gain on sale of... More