Overview

* KS Bancorp ( KSBI ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net $2.50

Income mln

Press Release:

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(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.)