BNCCorp Q4 net interest income rises

-1.39%

BNCCORP INC

BNCC

35.50

-1.39%

Overview

Community bank's Q4 net income decreased yr/yr, net interest income rose 13.4%
Company recorded $1.1 mln provision for credit losses due to one commercial loan
Net interest margin improved to 3.64% from 3.57% in prior year period

Outlook

Company confident in loan portfolio and balance sheet strength amid economic uncertainty
Company expects strong capital position to navigate geopolitical uncertainty
Company sees stable foundation for future growth due to significant deposit growth

Result Drivers

NET INTEREST INCOME - Increased by $1.1 mln, or 13.4%, due to higher yields on loans and increased loan balances
CREDIT LOSS PROVISION - $1.1 mln provision due to one commercial lending relationship in transportation industry
LOAN GROWTH - Return to net loan growth supported by continued customer demand across markets

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 EPS		$0.62
Q4 Net Income		$2.20 mln
Q4 Net Interest Income		$9 mln
Q4 Net Interest Margin		3.64%

Press Release: ID:nPn4K4ntJa

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