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Coastal Carolina Bancshares, Inc. Announces 2020 Earnings
January 27, 2021 GMT
MYRTLE BEACH, SC / ACCESSWIRE / January 27, 2021 / Coastal Carolina Bancshares, Inc. (the “Company”) (OTCQX:CCNB), parent of Coastal Carolina National Bank (the “Bank”), reported unaudited financial results for the fourth quarter and year-end 2020. The Company reported net income of $3,740,032 or $.61 cents per share for the twelve months ended December 31, 2020, compared to $2,817,002 or $.46 cents per share, for the same period ended December 31, 2019, representing a 32.8% increase. Net income for the three months ended December 31, 2020, was $1,264,931 or $.21 cents per share, which represents a 22% increase over prior quarter income of $1,033,424 and a 42% increase over quarterly net income of $891,733 for the same period one year ago.