BNCCORP, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Loan Charge Off for the Fourth Quarter Ended December 31, 2018
January 30, 2019 at 07:30 am
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BNCCORP, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net interest income of $7,270,000 against $7,036,000 a year ago. Net income was $1,228,000 against $329,000 a year ago. Basic earnings per share were $0.35 against $0.09 a year ago.
For the full year, the company reported net interest income of $28,370,000 against $27,865,000 a year ago. Net income was $6,836,000 against $4,878,000 a year ago. Basic earnings per share were $1.96 against $1.40 a year ago. Diluted earnings per share were $1.93 against $1.38 a year ago.
For the quarter, the company reported loans charged off of $46,000 against $108,000 a year ago.
BNCCORP, INC. is a bank holding company of BNC National Bank (the Bank). The Bank is engaged in providing banking and wealth management services to businesses and consumers in its local markets. The Company operates community banking and wealth management businesses in North Dakota and Arizona from 11 locations. The Company operates through two segments: Community Banking and Holding Company. The Community Banking segment provides products and services, such as personal loans, commercial real estate loans, SBA loans, business and personal checking, cash management, as well as trust and wealth management services, and retirement plan administration. These products and services are supported through Web and mobile-based applications. It earns interest primarily on loans and debt securities, bank card fees, loan fees, services charges on deposits, and fees on wealth management services. The Holding Company segment consists of management fees charged to the community banking services.
BNCCORP, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reports Loan Charge Off for the Fourth Quarter Ended December 31, 2018