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KSBI Ks Bancorp News Story

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KS Bancorp Q1 net income rises 25% on loan and deposit growth

Overview

US community bank's Q1 net income rose yr/yr, with EPS up to $2.34 from $1.87

Net interest income grew 23.1% yr/yr, supported by loan and deposit growth

Company declared $0.30 per share quarterly dividend

Outlook

Company says it remains focused on margin performance and sustainable growth amid evolving economic conditions

Result Drivers

NET INTEREST INCOME - Growth in net interest income driven by higher loan and deposit balances

NONINTEREST INCOME - Higher trust service fees and service charges supported noninterest income growth

OPERATING EXPENSES - Higher expenses from increased compensation, benefits, and technology investments

Company press release: ID:nACSzw3Zqa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Net Income$2.6 mln
Q1 Net Interest Income$7.8 mln
Q1 Credit Loss Provision$379,000
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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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