BNC Corp., Inc. Reports Unaudited Consolidate Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 26, 2012 at 07:37 pm
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BNC Corp., Inc. reported unaudited consolidate earnings results for the fourth quarter and full year ended December 31, 2011. For the quarter, the company has posted interest income of $6,387,000 against $7,637,000 a year ago. Net interest income was $5,009,000 against $5,344,000 a year ago. EBIT was $1,414,000 against $528,000 a year ago. Net income was $1,392,000 against $528,000 a year ago. Net income available to common shareholders was $1,036,000 or $0.31 diluted per share against $187,000 or $0.06 diluted per share a year ago. Return on average common stockholders' equity was 19.97% against 4.39% a year ago. Return on average assets was 0.82% against 0.28% a year ago.
For the year, the company has posted interest income of $25,749,000 against $33,510,000 a year ago. Net interest income was $19,477,000 against $23,272,000 a year ago. EBIT was $4,230,000 against LBIT of $21,993,000 a year ago. Net income was $4,208,000 against net loss of $22,065,000 a year ago. Net income available to common shareholders was $2,814,000 or $0.86 diluted per share against net loss available to common shareholders $23,398,000 or $7.13 diluted per share a year ago. Book value per common share was $6.42 against $5.85 a year ago. Return on average common stockholders' equity was 15.77% against negative return on average common stockholders' equity 90.47% a year ago. Return on average assets was 0.61% against negative return on average assets0.2.79% 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.