BNCCORP, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 07:00 am EDT
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BNCCORP, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 8.04 million compared to USD 7.38 million a year ago. Net income was USD 0.574 million compared to USD 2.01 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.56 a year ago.
For the six months, net interest income was USD 16.48 million compared to USD 14.29 million a year ago. Net income was USD 2.05 million compared to USD 3.48 million a year ago. Basic earnings per share from continuing operations was USD 0.57 compared to USD 0.97 a year ago. Diluted earnings per share from continuing operations was USD 0.57 compared to USD 0.97 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.