KS Bancorp Q3 net income rises 15% on continued loan demand

KSBI•2026-10-27

KS Bancorp's third-quarter net income rose 15% year over year to $2.90 million, while earnings per share increased to $2.58. Net interest income before provision grew 18.5%, and the company raised its quarterly dividend 6% to $0.36 per share.

1. Earnings and loan demand

KS Bancorp reported third-quarter net income of $2.90 million, up 15% year over year, and earnings per share of $2.58. Net interest income before provision rose 18.5% to $8.61 million, driven primarily by strong net interest income growth and continued loan demand across its branch network.

2. Costs and dividend

Higher operating expenses tied to investments in personnel, technology and infrastructure partially offset earnings growth. The company raised its quarterly dividend by 6% to $0.36 per share and did not provide specific financial guidance for the current quarter or full year.