BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $3.0 MILLION, OR $0.85 PER DILUTED SHARE
Key Highlights
- ➤Q3 net income $3.0 million, or $0.85 per diluted share, increased 14.7%
- ➤Q3 net interest income $9.8 million, up 10.7% year-over-year
- ➤Net interest margin rose to 3.83% from 3.73% year-over-year
- ➤Loans held for investment increased 2.0% sequentially to $744.9 million
- ➤Proposed OppFi combination continues through shareholder and regulatory processes
Expert Statements
Daniel J. Collins, President and Chief Executive Officer of BNCCORP, INC.
“Our third quarter results reflect the continued strength of our core banking franchise”
Daniel J. Collins, President and Chief Executive Officer of BNCCORP, INC.
“Net income increased 14.7% from the third quarter of 2025. Net interest income grew 10.7% year-over-year, and our net interest margin of 3.83% was 10 basis points higher than a year ago and essentially unchanged from the second quarter, as higher loan yields and lower deposit costs more than offset lower yields on cash and securities.”
Daniel J. Collins, President and Chief Executive Officer of BNCCORP, INC.
“Loans held for investment grew $14.7 million, or 2.0%, and deposits increased $37.7 million during the quarter. We were pleased to see loan growth in the quarter despite an elevated level of payoffs and prepayments in an environment of rising costs and higher interest rates. Our asset quality remains sound and our capital ratios remain well above regulatory requirements.”
Daniel J. Collins, President and Chief Executive Officer of BNCCORP, INC.
“The proposed combination with OppFi, announced on April 29, 2026, is proceeding through the customary shareholder and regulatory processes. Our priorities during this period have not changed: serving our customers, supporting our communities and operating the bank with the discipline that produced this quarter's results. We remain confident in the overall quality of our loan portfolio, the strength of our balance sheet and our ability to navigate ongoing economic and geopolitical uncertainties.”
BNCCORP, INC. REPORTS THIRD QUARTER NET INCOME OF $3.0 MILLION, OR $0.85 PER DILUTED SHARE PR Newswire
* Net income during the third quarter of 2026 increased $387 thousand, or 14.7%, to $3.0 million, or $0.85 per diluted share, from $2.6 million, or $0.74 per diluted share, in the 2025 period. Adjusting for ongoing merger charges increased net income to $3.3 million, or $0.94 per diluted share. * Return on average assets and equity improved to 1.12% and 10.15%, respectively, in the third quarter of 2026 compared to 1.05% and 9.60%, respectively, in the third quarter of 2025. Adjusting for ongoing merger charges improved return on average assets and equity to 1.24% and 11.23%, respectively. * Net interest income increased $945 thousand, or 10.7%, to $9.8 million in the third quarter of 2026 from $8.9 million in the third quarter of 2025. * Net interest margin was 3.83% in the third quarter of 2026 compared to 3.73% in the third quarter of 2025. * Yield on loans held for investment improved to 6.28% for the third quarter of 2026 compared to 6.11% in the third quarter of 2025. * Loans held for investment increased $6.2 million, or 0.8%, to $744.9 million at September 30, 2026 from $738.7 million at December 31, 2025, and increased $12.0 million, or 1.6%, from $732.9 million at September 30, 2025. During the third quarter of 2026, loans held for investment increased $14.7 million, or 2.0%, from $730.2 million at June 30, 2026. * The ratio of loans held for investment-to-deposits increased to 78.4% at September 30, 2026 from 76.0% at December 31, 2025. * Allowance for credit losses as of September 30, 2026, was 1.16% of loans held for investment compared to 1.18% as of June 30, 2026 and 1.40% as of December 31, 2025. * Tangible book value per common share increased to $31.68 at September 30, 2026 from $30.26 at December 31, 2025 and $29.44 at September 30, 2025. BISMARCK, N.D., Oct. 30, 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 third quarter ended September 30, 2026.
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