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Last $15.25 USD
Change Today -0.05 / -0.33%
Volume 5.6K
BNCC On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

bnccorp (BNCC) Snapshot

Open
$15.27
Previous Close
$15.30
Day High
$15.27
Day Low
$15.15
52 Week High
08/28/14 - $18.50
52 Week Low
04/24/14 - $13.11
Market Cap
50.4M
Average Volume 10 Days
4.0K
EPS TTM
$1.91
Shares Outstanding
3.3M
EX-Date
--
P/E TM
8.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for BNCCORP (BNCC)

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bnccorp (BNCC) Details

BNCCORP, Inc. operates as the bank holding company for BNC National Bank that provides community banking and wealth management services to small and mid-sized businesses, business owners, professionals, and consumers. The company’s deposit products include checking, savings, money market, and health savings accounts, as well as certificates of deposit. Its loan portfolio comprises personal loans, lines of credit, home equity loans, working capital loans, term loans, commercial real estate loans, small business administration loans, business agricultural loans, and letters of credit, as well as credit cards. The company also offers online banking, merchant, remote deposit capture, phone banking, bill payment, and interbank transfer services, as well as debit cards. Further, the company provides mortgage banking services through its 13 locations in Arizona, Minnesota, Illinois, Kansas, Nebraska, and Missouri. It operates community banking and wealth management businesses through 14 locations in Arizona, Minnesota, and North Dakota. The company is headquartered in Bismarck, North Dakota.

249 Employees
Last Reported Date: 01/26/15

bnccorp (BNCC) Top Compensated Officers

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Executives, Board Directors

bnccorp (BNCC) Key Developments

BNCCORP, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

BNCCORP, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company's net income for the 2014 fourth quarter was $2.479 million, or $0.57 per diluted share. This compared to net income of $1.879 million, or $0.44 per diluted share, in the fourth quarter of 2013. Results for the fourth quarter of 2014 include higher net interest income and non-interest income. This was partially offset by higher non-interest expense. The provisions for credit losses were $0 in the fourth quarters of 2014 and 2013 as credit quality continued to improve throughout 2013 and 2014. Net interest income for the fourth quarter of 2014 was $6.679 million, an increase of $666,000 or 11.1%, from $6.013 million in the same period of 2013. Interest income rose as the average balance of interest earning assets increased by $112.7 million when compared to the fourth quarter of 2013. Importantly, the average loans held for investment increased $41.8 million, or 13.9%, compared to the prior year quarter as initiatives to grow loans have demonstrated results. On average, loans held for sale increased by $9.5 million when compared to the fourth quarter of 2013. The yield on earning assets decreased to 3.28% in the fourth quarter of 2014, compared to 3.55% in the fourth quarter of 2013. Net interest income in fourth quarter 2013 was aided by approximately $337,000 of interest income recognized on nonaccrual loans that returned to performing status during the quarter. Net income available to common shareholders was $2.004 million, or $0.57 per diluted share, for the fourth quarter of 2014 after accounting for dividends accrued on preferred stock. Net income available to common shareholders in the fourth quarter of 2013 was $1.540 million, or $0.44 per diluted share. Income before income taxes was $3,736,000 against $2,547,000 a year ago. Return on average assets was 1.04% against 0.90% a year ago. Net interest income in 2014 was $25.956 million, an increase of $6.111 million, or 30.8%, from $19.845 million in 2013. Net income available to common shareholders was $6.663 million, or $1.91 per diluted share, in 2014 after accounting for dividends accrued on preferred stock. Return on assets is 0.94% and return on common equity is 12.37% in 2014. Book value per common share is $18.28 at December 31, 2014. Income before income taxes was $12,530,000 against $12,449,000 a year ago.

BNCCORP, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Charge-Offs for the Third Quarter Ended September 30, 2014

BNCCORP, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income was $1.981 million, or $0.43 per diluted share. This compares to net income of $0.487 million, or $0.05 per diluted share, in the third quarter of 2013. Results for the third quarter of 2014 primarily reflect substantially increased net interest income largely due to higher balances of earning assets and a rise in net interest margin. Net interest income was $6.749 million, an increase of $2.133 million, or 46.2%, from $4.616 million in the same period of 2013. Third quarter interest income rose year over year as the average balance of interest earning assets increased by $95.5 million to $845.8 million from $750.3 million, when compared to the third quarter of 2013. The decrease in net interest income resulting from this lower balance was more than offset by the net interest income resulting from an increase of $92.5 million in average investment securities during the same period. Interest income was $7.540 million against $5.560 million a year ago. Income before income taxes was $2.998 million against $0.166 million a year ago. Return on average common stockholders' equity was 10.91% against 1.25% a year ago. Return on average assets was 0.87% against 0.24% a year ago. For the nine months, the company reported net interest income was $19.277 million, an increase of $5.445 million, or 39.4%, from $13.832 million in the same period of 2013. Net income available to common shareholders was $4.659 million, or $1.34 per diluted share compared to $5.767 million, or $1.66 per diluted share a year ago. Book value per common share of the company was $17.18 as of September 30, 2014, compared to $14.45 at December 31, 2013. Interest income was $21.915 million against $16.769 million a year ago. Income before income taxes was $8.794 million against $9.902 million a year ago. Return on average common stockholders' equity was 11.75% against 16.15% a year ago. Return on average assets was 0.90% against 1.13% a year ago. For the quarter, the company recorded charge-offs of $7,000 against $5,000 a year ago.

BNCCORP, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

BNCCORP, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Net income for the 2014 second quarter was $2.207 million, or $0.50 per diluted share. This compares to net income of $2.476 million, or $0.62 per diluted share, in the second quarter of 2013 and net income of $1.792 million or $0.41 per diluted share in the first quarter of 2014. Results for the second quarter of 2014 primarily reflect lower non-interest income due to the impact of interest rates on mortgage banking revenues, which is causing a shift from refinance originations to purchase originations in the market. Net interest income for the second quarter of 2014 was $6.323 million, an increase of $1.740 million, or 38%, from $4.583 million in the same period of 2013. Net income available to common shareholders was $1.732 million, or $0.50 per diluted share, for the second quarter of 2014 after accounting for dividends accrued on preferred stock. Net income available to common shareholders in the second quarter of 2013 was $2.149 million, or $0.62 per diluted share. Non-interest income for the second quarter of 2014 was $5.361 million, a decrease of $2.991 million, or 35.8%, from $8.352 million in the second quarter of 2013. The decrease primarily relates to a decline in mortgage banking revenues, which aggregated $3.391 million, compared to $6.744 million in the second quarter of 2013. Net interest income in the first half of 2014 was $12.528 million, an increase of $3.312 million, or 35.9%, from $9.216 million in the first half of 2013. Net income available to common shareholders was $3.152 million, or $0.91 per diluted share, for the six months ended June 30, 2014 after accounting for dividends accrued on preferred stock. Net income available to common shareholders for the first six months ended June 30, 2013 was $5.610 million, or $1.62 per diluted share. Non-interest income for the first six months of 2014 was $9.645 million, a decrease of $10.031 million, or 51.0%, from $19.676 million in the same period of 2013. During the six month period ended June 30, 2014, the company recorded tax expense of $1.797 million which resulted in an effective tax rate of 31.00%. Tax expense of $3.475 million was recorded during the six month period ended June 30, 2013, which resulted in an effective tax rate of 35.69%. The 2014 effective tax rate reduction relates primarily to the impact of tax exempt investments made in the second half of 2013. Book value per common share increases to $16.64 at June 30, 2014 compared to $15.45 at March 31, 2014 and $14.45 at December 31, 2013.

 

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BNCC

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Valuation BNCC Industry Range
Price/Earnings 8.0x
Price/Sales 1.1x
Price/Book 0.9x
Price/Cash Flow 6.2x
TEV/Sales NM Not Meaningful
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