KS Bancorp, Inc.

KS Bancorp, Inc. (KSBI) Reports 25% Increase in Net Income Year over Year

SMITHFIELD, NC / ACCESS Newswire / April 22, 2026 / KS Bancorp, Inc. (the "Company") (OTCID:KSBI), parent company of KS Bank, Inc. (the "Bank"), reported strong financial results for the first quarter and the year ended March 31, 2026. Financial Highlights Net income of $2.6 million for the first quarter of 2026 Earnings per share of $2.34, compared to $1.87 in the prior‑year quarter Total assets increased to $874.1 million, up $51.5 million, or 6.3%, since year‑end 2025 Net loans grew to $687.5 million, an increase of $23.3 million, or 3.5%, from December 31, 2025 Deposits totaled $799.2 million, an increase of $49.6 million, or 6.6%, since year‑end Net interest income before the provision increased 23.1% year over year to $7.8 million Income Statement Review For the three months ended March 31, 2026, net income totaled $2.6 million, compared to $2.1 million for the same period in 2025.