Business
KS Bancorp, Inc. (KSBI) Reports 51% Year-To-Date Earnings Growth, Continued Balance Sheet Growth, and Expands Executive Leadership Team.
SMITHFIELD, NC / ACCESS Newswire / October 22, 2025 / KS Bancorp, Inc. (the "Company") (OTCID:KSBI), parent company of KS Bank, Inc. (the "Bank"), today reported another quarter of solid financial performance, highlighted by strong earnings growth ...
About this update from K S Bancorp, Inc.
[{"type":"text","content":"SMITHFIELD, NC / ACCESS Newswire / October 22, 2025 / KS Bancorp, Inc. (the "Company") (OTCID:KSBI), parent company of KS Bank, Inc. (the "Bank"), today reported another quarter of solid financial performance, highlighted by strong earnings growth and continued balance sheet expansion.","length":306,"tagName":"p"},{"type":"text","content":"For the three months ended September 30, 2025, the Company reported net income of $2.5 million, or $2.24 per diluted share, compared to $1.5 million, or $1.32 per diluted share, for the same period in 2024. This represents a 70.0% increase in net income year-over-year.","length":269,"tagName":"p"},{"type":"text","content":"Year-to-date net income was $6.8 million, or $6.13 per diluted share, compared to $4.5 million, or $4.07 per diluted share, for the nine months ended September 30, 2024, which represents a 51.0% increase from the prior year.","length":224,"tagName":"p"},{"type":"text","content":"Net interest income before the provision for credit losses increased 32.6% to $7.3 million for the third quarter of 2025, compared to $5.5 million for the same quarter in 2024. Non-interest income for the three months ended September 30, 2025, was $1.0 million, compared to $881,000 for the comparable period ended September 30, 2024. Non-interest expense totaled $4.9 million, compared to $4.2 million in the third quarter of 2024.","length":432,"tagName":"p"},{"type":"text","content":"For the nine months ending September 30, 2025, net interest income before the provision for credit losses was $20.5 million, up 27.8% from $16.0 million in the same period of 2024. Non-interest income increased to $3.0 million, compared to $2.6 million for the same period ended September 30, 2024, while non-interest expenses were $13.9 million, compared to $12.3 million for the nine months ending September 30, 2024. The increase reflects investments in personnel, equipment, and technology to support continued growth.","length":522,"tagName":"p"},{"type":"text","content":"As of September 30, 2025, the Company's unaudited consolidated total assets were $772.7 million, an increase of $81.8 million from $690.9 million at December 31, 2024. Net loan balances grew $67.6 million to $622.1 million, compared to $554.5 million at December 31, 2024, driven by continued loan demand across the Company's bra...