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BNCCORP, INC. reports developments in its community banking and wealth management businesses in North Dakota and Arizona. The company’s updates center on quarterly and annual earnings, net interest income and margin, loan and deposit trends, efficiency measures, credit quality, allowance for credit losses, liquidity, and capital levels.
Recurring BNCC news also includes capital-management actions such as special cash dividends, as well as governance, shareholder, and capital-structure disclosures. Its operating commentary is tied to a relationship-driven banking model, customer demand across its markets, and credit administration within its loan portfolio.
BNCCORP (OTCQX:BNCC) reported first quarter 2026 net income of $2.2 million, or $0.61 per diluted share, up 22.7% from 2025. Net interest income rose 17.4% to $9.2 million and net interest margin improved to 3.59%.
Loans held for investment were $734.6 million, deposits $932.5 million, and tangible common equity ratio increased to 10.22%. The quarter included higher professional services costs tied to a definitive agreement to be acquired by OppFi. Asset quality metrics showed lower nonperforming assets and a 1.18% allowance for credit losses.
OppFi (NYSE: OPFI) agreed to acquire BNCCORP (BNCC) and BNC National Bank in a cash-and-stock transaction valued at approximately $130 million, expected to close in Q4 2026. BNCC stockholders will receive $19.375 cash plus 1.90 OppFi shares per BNCC share, representing ~1.2x BNCC book value ($107M at 12/31/25).
The combined company expects first-year synergies of at least $60M, adjusted EPS accretion >25% in 2027 and >40% in 2028; BNCC holders to own ~7% of the combined firm.
OppFi (NYSE: OPFI) signed a definitive agreement to acquire BNCCORP and BNC National Bank for approximately $130 million in a cash-and-stock deal, combining OppFi's digital lending platform with BNC's national bank charter and ~$1.1B in assets.
The transaction values BNCC at ~$19.375 cash plus 1.90 OppFi shares per BNCC share, leaves OppFi shareholders with ~93% of the combined company, targets at least $60M first-year synergies and forecasts >25% adjusted EPS accretion in 2027 and >40% in 2028.
BNCCORP (OTCQX:BNCC) reported fourth-quarter 2025 net income of $2.2 million, or $0.62 per diluted share, versus $2.3 million, or $0.64, in Q4 2024. Key drivers included net interest income of $9.0 million, a $1.1 million provision for credit losses tied to one commercial relationship, loans up $40.0 million to $738.7 million, and deposits up $134.3 million to $971.8 million. Full-year 2025 net income was $8.8 million ($2.48 per diluted share) with improved ROA and ROE and a stronger liquidity position.
BNCCORP (OTCQX:BNCC) reported Q3 2025 net income of $2.6 million, or $0.74 per diluted share, up from $2.1 million, or $0.59 per share, in Q3 2024. Return on average assets rose to 1.05% and return on average equity to 9.60%. Loans held for investment increased 4.9% to $732.8 million versus year-end 2024; tangible book value per share rose to $29.44. Net interest margin was 3.73% and net interest income increased $1.2 million versus Q3 2024. Efficiency ratio improved to 64.84%. Nonperforming assets increased to $8.1 million and allowance for credit losses declined to 1.27% of loans.
BNCCORP (OTCQX:BNCC) reported strong Q2 2025 financial results with net income of $2.2 million, or $0.62 per diluted share, marking a 17.4% increase from Q2 2024. The company demonstrated significant improvements across key metrics, including a net interest margin increase to 3.75% and an improved efficiency ratio of 68.83%.
Notable achievements include a 5.7% increase in loans held for investment to $739.2 million and an enhanced return on average assets of 0.92%. The company maintained strong asset quality with the allowance for credit losses at 1.24% of loans. Total assets stood at $942.0 million with deposits of $821.1 million as of June 30, 2025.
[ "Net income increased 17.4% year-over-year to $2.2 million", "Net interest margin improved to 3.75% from 3.54% year-over-year", "Loans held for investment grew 5.7% quarter-over-quarter to $739.2 million", "Efficiency ratio improved to 68.83% from 72.86% year-over-year", "Tangible book value per share increased to $28.44 from $26.60 at year-end 2024", "Trust assets under administration increased 4.0% to $445.1 million" ]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%.