- BNCCORP press release ( OTCQX:BNCC ): Q4 GAAP EPS of $0.41.
- Revenue of $11.94M (-20.9% Y/Y).
- Mortgage revenue decreased to $1.1 million in the fourth quarter of 2022 compared to $5.7 million during the same period of 2021.
- Net interest margin increased to 3.94% for the fourth quarter of 2022 compared to 2.88% during the fourth quarter of 2021.
- Year-to-date new loan origination activity during 2022 resulted in an $86.9 million, or 16.4%, increase in loans held for investment.
- Allowance for credit losses as of December 31, 2022 was 1.43% of loans held for investment, excluding $195 thousand of SBA PPP loans, compared to 1.75% as of December 31, 2021.
- Non-performing assets decreased to $1.4 million as of December 31, 2022, compared to $1.7 million as of December 31, 2021.
- Tangible common equity ratio was 10.63% on December 31, 2022 compared to 10.98% on December 31, 2021.
For further details see:
BNCCORP GAAP EPS of $0.41, revenue of $11.94M