BNCCORP, INC. REPORTS SECOND QUARTER NET INCOME OF $1.9 MILLION, OR $0.54 PER DILUTED SHARE

BNCCORP, INC. REPORTS SECOND QUARTER NET INCOME OF $1.9 MILLION, OR $0.54 PER DILUTED SHARE

* Net income during the second quarter of 2026 decreased $278 thousand, or 12.7%, to $1.9 million, or $0.54 per diluted share, from $2.2 million, or $0.62 per diluted share, in the 2025 period. The decrease reflects $1.5 million of professional services expense related to the pending acquisition by OppFi Inc. * Net income during the first six months of 2026 increased $122 thousand, or 3.1%, to $4.1 million, or $1.15 per diluted share, from $3.9 million or $1.11 per diluted share in the 2025 period. * Net interest income increased $1.0 million, or 11.8%, to $9.5 million in the second quarter of 2026 from $8.5 million in the second quarter of 2025. * Net interest margin was 3.84% in the second quarter of 2026 compared to 3.75% in the second quarter of 2025. * The efficiency ratio increased to 76.21% in the second quarter of 2026 versus 68.83% in the second quarter of 2025. The increase reflects acquisition-related professional services expense. * Yield on loans held for investment improved to 6.20% for the second quarter of 2026 compared to 6.04% in the second quarter of 2025. * Loans held for investment decreased $8.5 million, or 1.2%, to $730.2 million at June 30, 2026 from $738.7 million at December 31, 2025, and decreased $9.0 million, or 1.2%, from $739.2 million at June 30, 2025. * The ratio of loans held for investment-to-deposits increased to 80.1% at June 30, 2026 from 76.0% at December 31, 2025. * Allowance for credit losses as of June 30, 2026, was 1.18% of loans held for investment compared to 1.18% as of March 31, 2026 and 1.40% as of December 31, 2025. BISMARCK, N.D., Aug. 4, 2026 /PRNewswire/ -- BNCCORP, INC. (BNC or the Company) (OTCQX Markets: BNCC), which operates community banking and wealth management businesses in North Dakota and Arizona, today reported financial results for the second quarter ended June 30, 2026.