KS Bancorp, Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Earl W. Worley Jr.
- Full Time Employees
- 90
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 1031 North Brightleaf Boulevard Smithfield NC United States of America 27577
- IPO Date
- Jan 24, 2003
- CIK
- 0000912764
- Website
- ksbankinc.com
- Similar Companies
- Business
- KS Bancorp, Inc. is a bank holding company primarily engaged in providing financial products and services through its wholly owned subsidiary KS Bank, Inc., a community bank headquartered in Smithfield, North Carolina. The company offers a comprehensive range of personal and business banking products including deposit accounts, loan products, payroll services via Flex Pay, merchant card services, cash management, remote deposit, and competitive mortgage products delivered through a team of mortgage specialists. Its trust services include money management, individual retirement accounts (IRAs), trust administration, and estate administration. KS Bancorp also supports customers with wealth management solutions such as investment, retirement and financial planning, private banking, college savings programs, lifetime charitable giving, insurance, and risk management. In recent developments over the last 1-2 years, KS Bancorp has reported significant year-to-date earnings growth of 51% with continued expansion of its balance sheet, including increases in total assets, net loans, and deposits. The company declared quarterly dividends of $0.28 per share and expanded its branch network with a new location in Dunn, North Carolina, marking its tenth full-service branch. Additionally, KS Bancorp has enhanced its executive leadership team to support future growth strategies. The company maintains strong capital and asset quality metrics with low nonperforming assets and community bank leverage ratios above industry norms. KS Bancorp operates predominantly in North Carolina and concentrates on serving local families and businesses in the region. KS Bancorp was founded in 1999 following the renaming of Kenly Savings Bank, Inc. Its operational model focuses on community banking within North Carolina, targeting personal banking customers, small and medium-sized businesses, and mortgage borrowers. The company emphasizes local market knowledge combined with a broad product portfolio enabled by banking technology and strategic partnerships in payment processing and banking solutions to enhance customer experience and operational efficiency. This description reflects KS Bancorp's current business scope, recent financial performance, and strategic initiatives aimed at sustainable growth within its regional banking market.
KS Bancorp, Inc. (KSBI) Reports 25% Increase in Net Income Year over Year
KS Bancorp, Inc. (KSBI) Reports 52% Earnings Growth and 19% Growth in Total Assets for 2025
KS Bancorp, Inc. (KSBI) Reports 51% Year-To-Date Earnings Growth, Continued Balance Sheet Growth, and Expands Executive Leadership Team.
KS Bancorp, Inc. (KSBI) Reports 41% Year to Date Increase in Net Income and Expands Footprint into Nash County, North Carolina
KS Bancorp, Inc. (KSBI) Reports 50% Increase in Net Income for First Quarter 2025 and Declares Quarterly Dividend
KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2024 Financial Results and Cash Dividend
KS Bancorp, Inc. (KSBI) Announces Third Quarter 2024 Financial Results and Cash Dividend
KS Bancorp, Inc. (KSBI) Announces Second Quarter 2024 Financial Results and Cash Dividend
KS Bancorp, Inc. (KSBI) Announces First Quarter 2023 Financial Results and Cash Dividend
KS Bancorp, Inc. (KSBI) Announces Fourth Quarter 2023 Financial Results and Cash Dividend
KS Bancorp, Inc. (KSBI) Announces Third Quarter 2023 Financial Results and Cash Dividend
KS Bancorp, Inc. (KSBI) Announces Second Quarter 2023 Financial Results and Cash Dividend