The Charleston-based institution, which trades under the ticker BKSC, saw its diluted earnings per share climb to $0.42 for the quarter ending June 30, up from $0.35 a year ago. Total interest income remained robust, while net interest income reached $6.36 million, benefiting from the company's strategy of deploying liquidity from maturing investments into higher-yielding loan opportunities across its regional markets.
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Bank of South Carolina Posts Record Quarterly Earnings
The Bank of South Carolina Corporation reported record-breaking earnings of $2.3 million for the second quarter of 2026, marking an 18.55% increase over the same period last year. This performance, fueled by consistent loan growth and expanded interest margins, represents the highest quarterly profit in the company's nearly 40-year history.
Eugene H. Walpole, IV, the company's president and CEO, attributed the financial milestone to the bank's relationship-based service model and the strength of its balance sheet. Despite the broader economic climate, the firm continues to return value to investors through a share repurchase program and recent dividend increases. For the first half of the year, net income totaled $4.3 million, a 15.46% improvement compared to the first six months of 2025.
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