Bank of South Carolina: Fourth Quarter Earnings Overview

Bank of South Carolina Reports $2 Million Profit for Q4

Bank of South Carolina Corp., headquartered in Charleston, announced on Thursday that it achieved a net profit of $2 million in the fourth quarter.

The company reported earnings of 36 cents per share for the period.

During the quarter, the bank holding company generated $7.6 million in total revenue. After accounting for interest expenses, net revenue reached $6.4 million, surpassing analysts’ expectations.

Since the start of the year, shares of Bank of South Carolina have experienced modest growth, climbing 17% over the past year.