Ks Bancorp, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
October 23, 2020 at 12:52 pm EDT
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KS Bancorp, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced net interest income was USD 3.796 million compared to USD 3.287 million a year ago. Net income was USD 1.145 million compared to USD 976,000 a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 0.88 a year ago. For the nine months, net interest income was USD 10.895 million compared to USD 9.659 million a year ago. Net income was USD 3.038 million compared to USD 2.703 million a year ago. Basic earnings per share from continuing operations was USD 2.74 compared to USD 2.44 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. 
