Last $16.38 USD
Change Today +0.03 / 0.18%
Volume 19.6K
BNCN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

bnc bancorp (BNCN) Snapshot

Open
$16.40
Previous Close
$16.35
Day High
$17.00
Day Low
$16.24
52 Week High
06/10/14 - $18.95
52 Week Low
11/1/13 - $12.58
Market Cap
486.8M
Average Volume 10 Days
30.1K
EPS TTM
$1.08
Shares Outstanding
23.7M
EX-Date
11/12/14
P/E TM
15.1x
Dividend
$0.20
Dividend Yield
1.22%
Current Stock Chart for BNC BANCORP (BNCN)

Related News

No related news articles were found.

bnc bancorp (BNCN) Related Businessweek News

No Related Businessweek News Found

bnc bancorp (BNCN) Details

BNC Bancorp operates as the bank holding company for Bank of North Carolina that provides commercial banking products and services to individuals, and small to medium size businesses. The company offers a range of deposit services, including non-interest bearing demand accounts, interest-bearing demand and savings accounts, money market accounts, and time deposits. Its loan products portfolio comprises real estate loans, including loans for purchasing and refinancing 1-4 family, multi-family, and commercial properties; and real estate construction loans for constructing 1-4 family and multi-family residential properties, the acquisition and development of land, and the construction of commercial properties. The company’s loan portfolio also includes commercial and industrial loans and leases, such as secured and unsecured loans for working capital, expansion, and other business purposes; and consumer and other loans comprising home equity lines of credit, automobile loans, boat and recreational vehicle financing, and miscellaneous secured and unsecured personal loans. It operates 39 branch offices in North and South Carolina. BNC Bancorp was founded in 1991 and is headquartered in High Point, North Carolina.

620 Employees
Last Reported Date: 03/13/14
Founded in 1991

bnc bancorp (BNCN) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $434.2K
Chief Financial Officer, Senior Executive Vic...
Total Annual Compensation: $397.7K
Chief Accounting Officer, Executive Vice Pres...
Total Annual Compensation: $270.7K
Vice Chairman, Consultant, Vice Chairman of ...
Total Annual Compensation: $423.9K
Compensation as of Fiscal Year 2013.

bnc bancorp (BNCN) Key Developments

BNC Bancorp Announces Quarterly Cash Dividend, Payable on November 28, 2014

On October 20, 2014, the Board of Directors of BNC Bancorp announced the declaration of a quarterly dividend on its common stock of $0.05 per share. This dividend is payable on November 28, 2014 to shareholders of record as of November 14, 2014. The $0.05 per share dividend rate is the same as the rate declared in previous quarters.

BNC Bancorp Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Net Charge-Off Losses

BNC Bancorp reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net interest income of $36,140,000 compared to $26,636,000 a year ago. Net interest income after provision for loan losses was $34,836,000 compared to $23,286,000 a year ago. Income before income tax expense was $11,315,000 compared to $6,680,000 a year ago. Net income was $8,268,000 or $0.28 per basic and diluted share compared to net income of $5,030,000 or $0.19 per basic and diluted share a year ago. Operating earnings per diluted share were $0.33 compared to $0.19 a year ago. Return on average assets was 0.89% compared to 0.68% a year ago. Return on average common equity was 10.03% compared to 7.81% a year ago. Return on average tangible common equity was 13.03% compared to 9.19% a year ago. Operating earnings were $9,698,000 compared to $5,068,000 a year ago. Annualized operating return on average assets was 1.04%, compared to 0.68% for third quarter of 2013. Annualized operating return on tangible common equity ratio was 15.17% compared to 9.26% for third quarter 2013. Operating tangible net income available to common shareholders was $10,133,000 compared to $5,228,000 a year ago. For the nine months period, the company reported net interest income of $100,755,000 compared to $78,735,000 a year ago. Net interest income after provision for loan losses was $94,750,000 compared to $68,982,000 a year ago. Income before income tax expense was $27,876,000 compared to $17,305,000 a year ago. Net income attributable to common shareholders was $20,885,000 or $0.73 per basic and diluted share compared to net income attributable to common shareholders of $12,916,000 or $0.49 per basic and diluted share a year ago. Operating earnings per diluted share were $0.87 compared to $0.51 a year ago. Tangible common book value per share was $9.12 as on September 30, 2014. Return on average assets was 0.80% compared to 0.59% a year ago. Return on average common equity was 8.90% compared to 6.82% a year ago. Return on average tangible common equity was 11.13% compared to 8.09% a year ago. Operating return on average assets was 0.96% compared to 0.61% a year ago. Operating earnings were $24,958,000 compared to $13,384,000 a year ago. Operating earnings exclude transaction-related expenses, acquisition-related gains, one-time income and expense items, and gain (loss) on sale of investment securities. The increase in net income is primarily due to the significant increase in interest-earning assets and reduced cost for interest-bearing liabilities, which were partially offset by an increase in non-interest expense due to the acquisitions of South Street Financial Corporation and Community First Financial Group Inc. respectively, during the nine months ended September 30, 2014. Operating return on average tangible common equity was 13.19% compared to 8.37% a year ago. Operating tangible net income available to common shareholders was $25,979,000 compared to $13,864,000 a year ago. The company incurred $0.5 million in net charge-off losses, which represented 0.07% of average loans, for the third quarter of 2014.

BNC Mulls Acquisitions

BNC Bancorp (NasdaqCM:BNCN) is looking for acquisitions. BNC Bancorp has completed the public offering and sale of $60 million of its 5.5% Fixed to Floating Rate Subordinated Notes due October 1, 2024. Richard D. Callicutt II, President and Chief Executive Officer of BNC Bancorp said, "We have watched the debt markets for several quarters and ultimately felt the timing and the amount of this issuance was ideal for our Company. We are extremely pleased with the demand for the offering, and with the resulting new capital the Company and the Bank are both well positioned to continue to pursue both organic and acquisition opportunities that enhance our franchise and provide meaningful value to our shareholders."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BNCN:US $16.38 USD +0.03

BNCN Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BBX Capital Corp $17.31 USD +0.03
Capital City Bank Group Inc $14.36 USD -0.03
Community Trust Bancorp Inc $33.80 USD 0.00
Republic Bancorp Inc/KY $23.19 USD -0.31
State Bank Financial Corp $17.30 USD +0.05
View Industry Companies
 

Industry Analysis

BNCN

Industry Average

Valuation BNCN Industry Range
Price/Earnings 19.2x
Price/Sales 3.3x
Price/Book 1.5x
Price/Cash Flow 19.9x
TEV/Sales -- Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BNC BANCORP, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.