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Article: KS Bancorp, Inc. KSBI Announces Third Quarter 2009 Financial Results, Receipt of Capital Purchase Plan Funding and Information Regarding Dividends.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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KS Bancorp, Inc. (the "Company") (OTCBB: KSBI), parent company of KS Bank, Inc. (the "Bank"), announced unaudited third quarter financial results for the 2009 fiscal year.
The Company reported a net loss of ($114,000), or ($0.09) per diluted share, before adjusting for the effect of dividends and accretion of discount on preferred stock for the three months ended September 30, 2009, compared to earnings of $304,000, or $0.23 per diluted share, for the same period in 2008. After adjusting for $28,000 in dividends and accretion of discount on preferred stock, the net loss available to common stockholders for the current period was ($142,000), or ($0.11) per diluted ...