Bank of South Carolina Corporation Announces Third Quarter Earnings
CHARLESTON, S.C., Oct. 8, 2020 /PRNewswire/ -- The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $1,703,271, or $0.31 and $0.30 basic and diluted earnings per share, respectively, for the quarter ended September 30, 2020 a decrease of $311,520, or 15.46%, from earnings for the quarter ended September 30, 2019 of $2,014,791, or $0.36 basic and diluted earnings per share.
- CHARLESTON, S.C., Oct. 8, 2020 /PRNewswire/ -- The Bank of South Carolina Corporation (Nasdaq: BKSC) announced unaudited earnings of $1,703,271, or $0.31 and $0.30 basic and diluted earnings per share, respectively, for the quarter ended September 30, 2020 a decrease of $311,520, or 15.46%, from earnings for the quarter ended September 30, 2019 of $2,014,791, or $0.36 basic and diluted earnings per share.
- Unaudited earnings for the nine months ended September 30, 2020 decreased $819,477, or 14.78%, to $4,725,425 compared to $5,544,902 for the nine months ended September 30, 2019.
- Fleetwood S. Hassell, President of the Bank of South Carolina, stated, "We continue to produce respectable earnings in an exceptionally difficult interest rate environment.
- As we enter the fourth quarter, we begin the process of assisting our PPP loan customers through the SBA forgiveness process.