Last $16.98 USD
Change Today +0.03 / 0.18%
Volume 33.8K
BNCN On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

bnc bancorp (BNCN) Snapshot

Open
$17.01
Previous Close
$16.95
Day High
$17.03
Day Low
$16.91
52 Week High
06/10/14 - $18.95
52 Week Low
10/9/13 - $11.67
Market Cap
504.7M
Average Volume 10 Days
96.1K
EPS TTM
$0.95
Shares Outstanding
23.7M
EX-Date
08/13/14
P/E TM
17.8x
Dividend
$0.20
Dividend Yield
1.18%
Current Stock Chart for BNC BANCORP (BNCN)

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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 Seeks Acquisitions

BNC Bancorp (NasdaqCM:BNCN) is looking for acquisition opportunities. BNC has filed a shelf registration of $150 million. It intends to use from the sale of our securities for general corporate purposes such as augmenting the capital of the Bank for use in our banking and commercial lending operations or providing to our other subsidiaries for use in their operations, repurchasing our outstanding common stock, financing possible acquisitions of other financial institutions or their branches or other businesses that are related to banking, diversifying into other banking-related businesses, extending credit to, or funding investments in, the Bank and repaying, reducing or refinancing our indebtedness.

BNC Bancorp Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge-Off for the Second Quarter Ended June 30, 2014

BNC Bancorp reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net interest income of USD 33,901,000 compared to USD 26,311,000 a year ago. Income before income tax expense was USD 8,054,000 compared to USD 5,866,000 a year ago. Net income was USD 6,133,000 compared to USD 4,667,000 a year ago. Net income available to common shareholders was USD 6,133,000 compared to USD 4,136,000 a year ago. Basic and diluted earnings per share were USD 0.21 compared to USD 0.16 a year ago. Return on average assets was 0.69% compared to 0.57% a year ago. Return on average common equity was 7.31% compared to 6.49% a year ago. Return on average tangible common equity was 9.21% compared to 7.70% a year ago. Operating earnings (non-GAAP) was USD 8,402,000 or USD 0.29 per diluted share compared to USD 4,220,000 USD 0.16 per diluted share a year ago. Tangible net income available to common shareholders (non-GAAP) was USD 6,487,000 compared to USD 4,296,000 a year ago. Operating return on average assets (non-GAAP) was 0.95% compared to 0.58% a year ago. Operating return on average tangible common equity (non-GAAP) was 12.43% compared to 7.85% a year ago. For the six months, the company reported net interest income of USD 64,615,000 compared to USD 52,099,000 a year ago. Income before income tax expense was USD 16,561,000 compared to USD 10,625,000 a year ago. Net income was USD 12,617,000 compared to USD 8,946,000 a year ago. Net income available to common shareholders was USD 12,617,000 compared to USD 7,886,000 a year ago. Basic and diluted earnings per share were USD 0.45 compared to USD 0.30 a year ago. Tangible common book value per share as on June 30, 2014 was USD 8.89 compared to USD 8.41 as on June 30, 2013. Return on average assets was 0.76% compared to 0.54% a year ago. Return on average common equity was 8.30% compared to 6.31% a year ago. Return on average tangible common equity was 10.15% compared to 7.51% a year ago. Operating earnings (non-GAAP) was USD 15,260,000 or USD 0.54 per diluted share compared to USD 8,315,000 USD 0.31 per diluted share a year ago. Tangible net income available to common shareholders (non-GAAP) was USD 13,203,000 compared to USD 8,207,000 a year ago. Operating return on average assets (non-GAAP) was 0.92% compared to 0.57% a year ago. Operating return on average tangible common equity (non-GAAP) was 12.18% compared to 7.91% a year ago. For the quarter, the company incurred USD 2.5 million in net charge-off losses compared to net charge-off losses of USD 3.9 million for the second quarter of 2013.

BNC Bancorp Declares Quarterly Cash Dividend, Payable on August 29, 2014

On July 22, 2014, the Board of Directors of BNC Bancorp, announced the declaration of a quarterly cash dividend on its common stock of $0.05 per share. This dividend is payable on August 29, 2014 to shareholders of record as of August 15, 2014. The $0.05 per share dividend rate is the same as the rate declared in previous quarters.

 

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BNCN

Industry Average

Valuation BNCN Industry Range
Price/Earnings 22.4x
Price/Sales 3.7x
Price/Book 1.5x
Price/Cash Flow 23.9x
TEV/Sales 1.1x
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