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Coastal Carolina Bancshares, Inc. Announces 2020 Earnings


Press release content from Accesswire. The AP news staff was not involved in its creation.
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. ....

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