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Bank of South Carolina earnings $6,922,934

Bank of South Carolina
Bank of South Carolina   Earnings for the three months ended December 31, 2018 increased $957,495

The Bank of South Carolina Corporation announced unaudited earnings of $6,922,934 or $1.26 and $1.24 basic and diluted per share, respectively, for the year ended December 31, 2018, an increase of 41.23% from earnings for the year ended December 31, 2017 of $4,901,825 or $0.90 and $0.88 basic and diluted per share, respectively.


Earnings for the three months ended December 31, 2018 increased $957,495 or 112.82% to $1,806,194 compared to $848,699 for the three months ended December 31, 2017.

Earnings per share have been restated to reflect the 10% stock dividend granted during the year ended December 31, 2018.

Returns on average assets and average equity for the year ended December 31, 2018 were 1.61% and 15.85%, respectively, compared with 2017 returns on average assets and average equity of 1.15% and 11.37%, respectively.

 

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