A memory device includes a plurality of memory cells serially connected between a bit line and a common source line and a plurality of word lines, respective ones of which are connected to respective gates of the plurality of memory cells. The memory device further includes a common source line compensation circuit configured to generate a compensated bias voltage on the bit line or at least one of the plurality of word lines responsive to a common source line voltage on the common source line. Related methods of operating memory devices are also provided.