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KSBI Ks Bancorp News Story

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KS Bancorp Q3 net income rises 70%, declares dividend

Overview

KS Bancorp Q3 net income rises 70% yr/yr, reflecting strong earnings growth

Net interest income for Q3 grows 32.6%, driven by increased loan demand

Company declares $0.28 per share quarterly dividend, indicating financial confidence

Outlook

Company to focus on disciplined balance sheet management and strong credit quality

Result Drivers

NET INTEREST INCOME - Net interest income before the provision for credit losses increased 32.6% due to higher loan demand

LOAN AND DEPOSIT GROWTH - Net loan balances grew $67.6 mln and deposits increased by $84.3 mln, driven by continued demand and core deposit growth

INVESTMENTS IN GROWTH - Non-interest expenses rose due to investments in personnel, equipment, and technology

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 Net Income$2.50 mln
Press Release: ID:nACSxVQLQa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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