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Last $22.30 USD
Change Today +0.25 / 1.13%
Volume 117.3K
BNCN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 5:20 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

bnc bancorp (BNCN) Snapshot

Open
$21.91
Previous Close
$22.05
Day High
$22.34
Day Low
$21.91
52 Week High
07/23/15 - $22.36
52 Week Low
10/1/14 - $15.51
Market Cap
729.6M
Average Volume 10 Days
98.2K
EPS TTM
$1.35
Shares Outstanding
27.9M
EX-Date
08/12/15
P/E TM
16.5x
Dividend
$0.20
Dividend Yield
0.90%
Current Stock Chart for BNC BANCORP (BNCN)

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bnc bancorp (BNCN) Details

BNC Bancorp operates as the bank holding company for Bank of North Carolina that provides commercial banking products and services to individuals, and small to medium size businesses. The company offers a range of deposit services, including non-interest bearing demand accounts, interest-bearing demand and savings accounts, money market accounts, and time deposits. Its loan products portfolio comprises real estate loans, consumer loans, commercial and industrial loans, and other types of loans. The company also provides various brokerage services, including financial planning, wealth management, private banking, and insurance products; and online and mobile banking services. As of January 26, 2015, it operates 50 banking offices in North and South Carolina. The company was founded in 1991 and is headquartered in High Point, North Carolina.

823 Employees
Last Reported Date: 02/27/15
Founded in 1991

bnc bancorp (BNCN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $508.5K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $421.9K
Chief Accounting Officer, Executive Vice Pres...
Total Annual Compensation: $282.8K
Compensation as of Fiscal Year 2014.

bnc bancorp (BNCN) Key Developments

BNC Bancorp Declares Quarterly Cash Dividend Payable August 28, 2015

On July 21, 2015, the Board of Directors of BNC Bancorp declared a $0.05 per share quarterly cash dividend on its common stock, payable August 28, 2015 to shareholders of record on August 14, 2015.

BNC Bancorp Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

BNC Bancorp reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net interest income of USD 38,733,000 compared to USD 33,901,000 a year ago. Income before income tax expense was USD 15,726,000 compared to USD 8,054,000 a year ago. Net income was USD 11,014,000 compared to USD 6,133,000 a year ago. Tangible net income available to common shareholders was USD 11,543,000 compared to USD 6,133,000 a year ago. Basic and diluted earnings per share were USD 0.34 compared to USD 0.21 a year ago. Return on average assets was 1.06% compared to 0.69% a year ago. Return on average common equity was 11.05% compared to 7.31% a year ago. Return on average tangible common equity was 14.59% compared to 9.21% a year ago. Operating return on average assets (non-GAAP) was 1.13% compared to 0.95% a year ago. Operating return on average tangible common equity (non-GAAP) was 15.58% compared to 12.43% a year ago. Operating earnings (non-GAAP) was USD 11,801,000 or USD 0.36 per diluted share compared to USD 8,402,000 or USD 0.29 per diluted share a year ago. For the six months, the company reported net interest income of USD 76,803,000 compared to USD 64,615,000 a year ago. Income before income tax expense was USD 27,995,000 compared to USD 16,561,000 a year ago. Net income was USD 19,772,000 compared to USD 12,617,000 a year ago. Tangible net income available to common shareholders was USD 20,830,000 compared to USD 13,203,000 a year ago. Diluted earnings per share were USD 0.60 compared to basic and diluted earnings per share of USD 0.45 a year ago. Tangible common book value was USD 9.87 per share, compared to USD 9.67 at March 31, 2015. Return on average assets was 0.96% compared to 0.76% a year ago. Return on average common equity was 10.04% compared to 8.30% a year ago. Return on average tangible common equity was 13.37% compared to 10.15% a year ago. Operating earnings (non-GAAP) was USD 22,316,000 or USD 0.68 per diluted share compared to USD 15,260,000 or USD 0.54 per diluted share a year ago. Operating return on average assets (non-GAAP) was 1.09% compared to 0.92% a year ago. Operating return on average tangible common equity (non-GAAP) was 15.01% compared to 12.18% a year ago.

BNC Bancorp Appoints Abney Boxley III as a Member of the Board

BNC Bancorp completed on July 1 the acquisition of Valley Financial Corp. At closing, Valley Financial merged into BNC Bancorp. Immediately following this merger, Valley Bank merged into the Bank of North Carolina. The transaction expands BNC Bancorp's presence into southwest Virginia and the Greater Roanoke metropolitan statistical area. The nine banking offices of Valley Bank will be operated as branches of Bank of North Carolina under the name of Valley Bank until system conversions are completed. Additionally, BNC Bancorp disclosed in its Form 8-K that, in accordance with the terms of the deal, its board increased the number of directors to 15 and appointed Abney Boxley III, a director of Valley Financial prior to the merger, to serve as a member of the board for a two-year term ending on the date of the 2017 annual shareholders meeting. Boxley will serve on the nominating and corporate governance committee of the company's board and on the asset/liability management committee of Bank of North Carolina.

 

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BNCN:US $22.30 USD +0.25

BNCN Competitors

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Cardinal Financial Corp $23.06 USD +0.21
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Industry Analysis

BNCN

Industry Average

Valuation BNCN Industry Range
Price/Earnings 18.9x
Price/Sales 4.1x
Price/Book 1.8x
Price/Cash Flow 23.0x
TEV/Sales -- Not Meaningful
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