Welcome to our dedicated page for Bnccorp news (Ticker: BNCC), a resource for investors and traders seeking the latest updates and insights on Bnccorp stock.
BNCCORP, Inc. (BNCC) provides community banking and wealth management services across North Dakota, Arizona, and Minnesota. This page aggregates official press releases, financial disclosures, and strategic updates from the company.
Investors and stakeholders will find a centralized hub for tracking earnings announcements, regulatory filings, leadership changes, and operational developments. All content is sourced directly from BNCCORP’s communications to ensure accuracy and timeliness.
The news collection covers key areas including quarterly earnings results, capital management strategies, wealth management initiatives, and compliance updates. Regular updates reflect the company’s focus on disciplined lending practices and regional market expansion.
Bookmark this page for convenient access to BNCCORP’s latest financial communications. Check back regularly for updates that may impact investment research or market analysis.
BNCCORP reported a solid first quarter 2025 performance with net income of $1.8 million, or $0.50 per diluted share, showing a 1.4% increase from the previous year. The company maintained stable operations with an efficiency ratio of 73.95% and improved loan yields to 5.78%.
Key highlights include:
- Total loans held for investment reached $699.3 million, up 3.2% year-over-year
- Net interest margin held steady at 3.49%
- Total deposits increased to $848.8 million
- Strong capital position with tangible book value per share at $27.62
The bank, operating in North Dakota and Arizona, maintained strong credit quality with an allowance for credit losses at 1.33%. Despite economic uncertainties, BNCCORP demonstrated resilience through disciplined lending, cost-effective deposit growth, and careful risk management. The company's deposit base remains stable, with approximately 71% of customer deposits secured by insurance and protection programs.
BNCCORP (BNCC) reported Q4 2024 net income of $2.3 million ($0.64 per diluted share), up 4.9% from $2.2 million ($0.60 per diluted share) in Q4 2023. The Community Banking segment contributed $2.5 million ($0.71 per diluted share) to this quarter's earnings.
Key highlights include a $4.00 per share special cash dividend announcement, improved efficiency ratio to 66.68% from 70.03%, and loans held for investment growth of 4.5% to $698.7 million. The yield on loans increased to 5.73% from 5.47% year-over-year.
The bank maintained strong asset quality with an allowance for credit losses at 1.32% of loans held for investment. Total deposits remained stable at $837.5 million, while trust assets under administration grew 10.1% to $428.0 million. The tangible book value per share decreased to $26.60 from $30.38 year-over-year, primarily due to dividend payments and share repurchases.
BNCCORP (BNCC) has announced a special, one-time cash dividend of $4.00 per share of common stock, payable on January 14, 2025, to shareholders of record on December 30, 2024. The total dividend distribution will amount to approximately $14.4 million.
The company's Chairman, Michael Vekich, stated that this special dividend aligns with their capital management strategy of returning excess capital to shareholders while maintaining adequate reserves for business operations and strategic investments. BNC operates community banking and wealth management services across 11 locations in North Dakota and Arizona.
BNCCORP (BNCC) reported Q3 2024 net income of $2.1 million ($0.59 per diluted share), up 37.4% from $1.5 million in Q3 2023. The Community Banking segment posted net income of $2.4 million. Key metrics include improved efficiency ratio of 69.02%, loans held for investment increased 2.2% to $683.2 million, and loan-to-deposit ratio rose to 85.8%. The company maintained a strong margin of 3.50% while managing deposit costs below market rates. Nonperforming assets were $5.9 million (0.64% of total assets), with $4.8 million supported by government guarantees. Tangible book value per share increased to $30.60, and the tangible common equity capital ratio improved to 11.65%.
BNCCORP, INC. (OTCQX Markets: BNCC) reported a significant rise in net income for the second quarter of 2024, reaching $1.9 million or $0.53 per diluted share, up from $574 thousand or $0.16 per share in the same period of 2023. The net interest margin improved to 3.58%, and the efficiency ratio slightly improved to 72.86%. The Community Banking segment reported net income of $2.2 million.
However, net interest income fell by 5.5% to $7.6 million from $8.0 million in the second quarter of 2023. Loans held for investment increased $18.2 million to $687 million. Interest expense rose by $973 thousand due to Federal Reserve rate hikes. Non-interest income for the Community Banking segment dropped by $401 thousand.
Nonperforming assets decreased to $3.1 million. Deposits decreased by $44.8 million to $792.4 million. Consolidated expenses increased by $319 thousand year-over-year.
BNCCORP, INC. reported a first-quarter net income of $1.7 million, showing an 18.1% increase from the previous year. The company's return on assets improved, with notable growth in community banking operations. Despite challenges like inflation, the company took strategic actions like declaring a special dividend and repurchasing shares to enhance shareholder value. Loans held for investment increased, but net interest income declined due to higher interest expenses. The Company's focus on credit quality, asset performance, and strong capital ratios reflects a sound financial position.
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