Bank of South Carolina Corporation Announces First Quarter Earnings
BANK OF SO CAROLINA CORP (BKSC)
US:NASDAQ Investor Relations:
investors.banksc.com/corporateprofile.aspx?iid=100149
Company Research
Source: PR Newswire
CHARLESTON, S.C., April 14, 2020 /PRNewswire/ -- The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $1,521,131, or $0.28 and $0.27 basic and diluted earnings per share, respectively, for the quarter ended March 31, 2020 – a decrease of 9.95% from earnings for the quarter ended March 31, 2019 of $1,689,264, or $0.31 and $0.30 basic and diluted earnings per share. Annualized returns on average assets and average equity for the three months ended March 31, 2020 were 1.38% and 11.70%, respectively, compared with March 31, 2019 annualized returns on average assets and average equity of 1.59% and 14.73%, respectively. Fleetwood S. Hassell, President of the Bank of South Carolina, stated, "Unanticipated action by the Federal Reserve to substantially reduce interest rates has impacted our margins and thus our profits for the first quarter. We are pleased, though, with the significant contribution of our mortgage department, which has helped to offset the dec
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- Bank of South Carolina Co. (NASDAQ: BKSC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Bank of South Carolina Co. (NASDAQ: BKSC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Bank of South Carolina Co. (NASDAQ: BKSC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Bank of South Carolina Co. (NASDAQ: BKSC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Bank of South Carolina Co. (NASDAQ: BKSC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat