Cornerstone Bancorp Q4 Net Income Rises to $2.6M, Declares Dividend

Cornerstone Bancorp Inc. reported Q4 2024 net income of $2.6 million, up from $2.4 million in the prior-year quarter. The company declared a quarterly cash dividend of $0.17 per common share, payable February 28, 2025. The bank holding company's earnings per share reached $0.45 for the quarter ended December 31, 2024. Total assets stood at $460.5 million as of year-end, with net interest income increasing 8% year-over-year to $4.8 million. The dividend announcement follows the company's consistent profitability throughout 2024.