BNC Bancorp Inc (BNCN) 23.76 $BNCN
BNC Bancorp Announces Receipt of Merger Regulatory Approvals
PR Newswire - Fri Jun 03, 7:30AM CDT
BNC Bancorp (the "Company,"
(NASDAQ: BNCN), the holding company for Bank of North Carolina, today announced it has received all the necessary regulatory approvals from the Federal Reserve Board, the Federal Deposit Insurance Corporation ("FDIC", the North Carolina Officer of the Commissioner of Banks and the South Carolina State Board of Financial Institutions for the previously announced merger transaction between the Company and Southcoast Financial Corporation (NASDAQ: SOCB), the holding company for Southcoast Community Bank. The transaction has also been approved by the shareholders of Southcoast. The Company expects to close the transaction on June 17, 2016.
BNCN: 23.76 (-0.28), FISI: 27.36 (-0.41), SOCB: 14.39 (-0.12)
BNC Bancorp Announces Early Termination of All FDIC Loss Share Agreements
PR Newswire - Thu May 05, 7:30AM CDT
BNC Bancorp (NASDAQ: BNCN) (the "Company", parent company for Bank of North Carolina ("Bank", today reported that the Bank has entered into an agreement with the Federal Deposit Insurance Corporation ("FDIC" on May 2, 2016 to terminate all existing loss share agreements with the FDIC. The loss share agreements were related to the Bank's acquisition of assets and assumption of liabilities of two failed banks through FDIC-assisted transactions in 2010 and 2011.
BNCN: 23.76 (-0.28)
BNC posts 1Q profit
Automated Insights - Fri Apr 22, 7:47AM CDT
HIGH POINT, N.C. (AP) _ BNC Bancorp (BNCN) on Friday reported first-quarter earnings of $14.4 million.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Earnings for First Quarter 2016
PR Newswire - Fri Apr 22, 7:37AM CDT
BNC Bancorp (NASDAQ: BNCN) ("Company", parent company for Bank of North Carolina ("Bank", today reported financial results for the three months ended March 31, 2016. Highlights for the quarter include the following:
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Cash Dividend
PR Newswire - Wed Apr 20, 8:37AM CDT
On April 19, 2016, the Board of Directors of BNC Bancorp (NASDAQ: BNCN) announced the declaration of a quarterly cash dividend on its common stock of $0.05 per share. This dividend is payable on May 27, 2016 to shareholders of record as of May 13, 2016. The $0.05 per share dividend rate is consistent with the rate declared in previous quarters.
BNCN: 23.76 (-0.28)
BNC Bancorp reports Q4 2015 net income of USD12.7m
M2 - Fri Jan 29, 8:49AM CST
BNC Bancorp (NASDAQ: BNCN) has reported USD12.7 million in net income for the fourth quarter 2015, compared to USD11.9 million for third quarter of 2015, the company said. Operating earnings for the fourth quarter of 2015 totaled USD15.4 million, or USD0.39 per diluted share, compared to USD15.0 million, or USD0.39 per diluted share, for the third quarter of 2015. Diluted earnings per share totaled USD0.32, compared to USD0.31 for the third quarter of 2015. Operating earnings for the year ended December 31, 2015 were USD52.7 million, or USD1.47 per diluted share, compared to USD35.3 million, or USD1.21 per diluted share, for the year ended December 31, 2014. Total deposits increased USD367.7 million, or 8.4 percent and total assets increased USD455.5 million, or 8.8 percent. Operating return of average assets of 1.13 percent, compared to 1.15 percent for the third quarter of 2015. In 2015, the company completed the acquisition and conversion of seven branches from CertusBank, N.A. and expande the company's presence in attractive Upstate South Carolina markets. The company completed a public offering of 2.59 million shares of voting common stock. In the fourth quarter 2015, High Point Bank agreed to join forces with BNC. Along with the High Point Bank transaction, the company announced the closing of a USD60 million common equity raise that was extremely beneficial to existing shareholders as it added over USD0.70 to tangible book value. Total non-interest income was USD8.3 million for the fourth quarter of 2015, a decrease from USD9.2 million for the third quarter of 2015. Total non-interest expense was USD37.6 million for the fourth quarter of 2015, a decrease from USD38.2 million for the third quarter of 2015. At December 31, 2015, the company's total assets were USD5.7 billion, an increase from USD5.2 billion at September 30, 2015 and from USD4.1 billion at December 31, 2014. BNC Bancorp is the parent company of Bank of North Carolina, a commercial bank with total assets of USD5.7 billion. Bank of North Carolina provides a complete line of banking and financial services to individuals and businesses through its 64 current banking offices in Virginia, North and South Carolina.
BNCN: 23.76 (-0.28)
BNC Bancorp declares cash dividend
M2 - Tue Jan 26, 5:08AM CST
Board of directors of BNC Bancorp (NASDAQ: BNCN) has declared a quarterly cash dividend of USD0.05 per share on its common stock, the company said. This dividend is payable on February 26, 2016 to shareholders of record as of February 12, 2016. The USD0.05 per share dividend rate is consistent with the rate declared in previous quarters. Headquartered in High Point, NC, BNC Bancorp is the parent company of Bank of North Carolina, a commercial bank with total assets of USD5.7 billion. Bank of North Carolina provides banking and financial services to individuals and businesses through its 64 current banking offices.
BNCN: 23.76 (-0.28)
BNC Bancorp declares dividend of USD0.05 per share for quarter
M2 - Thu Jan 21, 3:06AM CST
BNC Bancorp (NASDAQ:BNCN) disclosed on Wednesday that its board of directors approved a quarterly cash dividend of USD0.05 per share on the company's common stock.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Pricing Of Common Stock Offering
PR Newswire - Mon Nov 16, 6:31AM CST
BNC Bancorp ("BNC" (NASDAQ: BNCN), the holding company for Bank of North Carolina, announced today the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price of $23.50 per share. The offering price represents a 3.3% discount to the 10-day volume weighted average price. BNC has granted the underwriter a 30-day option to purchase up to an additional 337,500 shares. BNC expects to complete the offering on or about November 19, 2015. The offering is expected to result in gross proceeds of $52.9 million and net proceeds of approximately $49.7 million, after underwriting discounts and estimated expenses. The shares will be issued pursuant to an effective shelf registration statement on Form S-3 (File No. 333-198370) and a prospectus supplement to be filed with the Securities and Exchange Commission (the "SEC". Copies of the prospectus supplement and the accompanying prospectus are available by visiting the SEC's website at www.sec.gov, or from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Syndicate (1-800-643-9691).
BNCN: 23.76 (-0.28)
BNC Bancorp Signs Definitive Agreement To Acquire High Point Bank Corporation
PR Newswire - Mon Nov 16, 6:30AM CST
BNC Bancorp ("BNC," NASDAQ: BNCN), the holding company for Bank of North Carolina, and High Point Bank Corporation ("HPTB", the holding company for High Point Bank and Trust Company, have entered into a definitive agreement pursuant to which BNC will acquire all of the common stock of HPTB in a cash and stock transaction valued at approximately $141.3 million, based on the closing price of BNC common stock on November 13, 2015.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Earnings for Third Quarter 2015
PR Newswire - Fri Oct 23, 7:30AM CDT
BNC Bancorp (NASDAQ: BNCN) ("Company", parent company for Bank of North Carolina ("Bank", today reported financial results for the third quarter of 2015.
BNCN: 23.76 (-0.28)
BNC Bancorp declares dividend of USD0.05
M2 - Thu Oct 22, 3:24AM CDT
BNC Bancorp's (NASDAQ:BNCN) board of directors approved a quarterly cash dividend of USD0.05 per share on the company's common stock, it revealed on Wednesday.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Acquisition Of CertusBank, N.A. Branches
PR Newswire - Mon Oct 19, 7:45AM CDT
BNC Bancorp ("BNC," NASDAQ: BNCN), the parent company for Bank of North Carolina (the "Bank", today announced the completion of the previously announced acquisition from CertusBank, N.A. ("Certus" of customer deposits, loans and seven branches of Certus' South Carolina banking operation. In connection with the acquisition, the Bank assumed approximately $175 million in customer deposits and acquired approximately $188 million in loans. The branches, which are located in the communities of Greenville, Spartanburg, Easley, Greer and Mauldin, South Carolina, will reopen Monday, October 19 as BNC Bank and the employees of Certus will be retained as employees of the Bank.
BNCN: 23.76 (-0.28)
Bank of the Ozarks (OZRK) Falls: Stock Goes Down 5.6%
Zacks Equity Research - Zacks Investment Research - Thu Oct 15, 7:54AM CDT
Bank of the Ozarks' shares fell by nearly 6% on the day reversing the recent uptrend after the company reported third-quarter 2015 results
BNCN: 23.76 (-0.28), OZRK: 37.65 (-0.76)
Wells Fargo's Student Loan Practices Under CFPB Scanner
Zacks Equity Research - Zacks Investment Research - Fri Oct 09, 2:30PM CDT
While no particular reason for investigation into Wells Fargo's (WFC) student loan practices has been cited till now, CFPB is likely to examine the bank's payment processing procedures and the steps taken to help distressed borrowers.
DFS: 56.33 (-0.47), BNCN: 23.76 (-0.28), WFC: 48.60 (-0.54), NAVI: 13.02 (-0.19)
First Horizon Buys TrustAtlantic, Ups North Carolina Base
Zacks Equity Research - Zacks Investment Research - Tue Oct 06, 5:00PM CDT
Almost a year after the announcement of the deal, Tennessee-based First Horizon National Corporation (FHN) completed the acquisition of Raleigh, N.C.-based TrustAtlantic Financial Corp.
SFST: 25.67 (+0.09), BNCN: 23.76 (-0.28), FHN: 13.87 (-0.23), ACFC: 6.10 (-0.01)
BNC Bancorp Announces Receipt of Merger Regulatory Approvals
PR Newswire - Fri Jun 03, 7:30AM CDT
BNC Bancorp (the "Company,"
(NASDAQ: BNCN), the holding company for Bank of North Carolina, today announced it has received all the necessary regulatory approvals from the Federal Reserve Board, the Federal Deposit Insurance Corporation ("FDIC", the North Carolina Officer of the Commissioner of Banks and the South Carolina State Board of Financial Institutions for the previously announced merger transaction between the Company and Southcoast Financial Corporation (NASDAQ: SOCB), the holding company for Southcoast Community Bank. The transaction has also been approved by the shareholders of Southcoast. The Company expects to close the transaction on June 17, 2016. BNCN: 23.76 (-0.28), FISI: 27.36 (-0.41), SOCB: 14.39 (-0.12)
BNC Bancorp Announces Early Termination of All FDIC Loss Share Agreements
PR Newswire - Thu May 05, 7:30AM CDT
BNC Bancorp (NASDAQ: BNCN) (the "Company"
, parent company for Bank of North Carolina ("Bank", today reported that the Bank has entered into an agreement with the Federal Deposit Insurance Corporation ("FDIC" on May 2, 2016 to terminate all existing loss share agreements with the FDIC. The loss share agreements were related to the Bank's acquisition of assets and assumption of liabilities of two failed banks through FDIC-assisted transactions in 2010 and 2011. BNCN: 23.76 (-0.28)
BNC posts 1Q profit
Automated Insights - Fri Apr 22, 7:47AM CDT
HIGH POINT, N.C. (AP) _ BNC Bancorp (BNCN) on Friday reported first-quarter earnings of $14.4 million.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Earnings for First Quarter 2016
PR Newswire - Fri Apr 22, 7:37AM CDT
BNC Bancorp (NASDAQ: BNCN) ("Company"
, parent company for Bank of North Carolina ("Bank", today reported financial results for the three months ended March 31, 2016. Highlights for the quarter include the following: BNCN: 23.76 (-0.28)
BNC Bancorp Announces Cash Dividend
PR Newswire - Wed Apr 20, 8:37AM CDT
On April 19, 2016, the Board of Directors of BNC Bancorp (NASDAQ: BNCN) announced the declaration of a quarterly cash dividend on its common stock of $0.05 per share. This dividend is payable on May 27, 2016 to shareholders of record as of May 13, 2016. The $0.05 per share dividend rate is consistent with the rate declared in previous quarters.
BNCN: 23.76 (-0.28)
BNC Bancorp reports Q4 2015 net income of USD12.7m
M2 - Fri Jan 29, 8:49AM CST
BNC Bancorp (NASDAQ: BNCN) has reported USD12.7 million in net income for the fourth quarter 2015, compared to USD11.9 million for third quarter of 2015, the company said. Operating earnings for the fourth quarter of 2015 totaled USD15.4 million, or USD0.39 per diluted share, compared to USD15.0 million, or USD0.39 per diluted share, for the third quarter of 2015. Diluted earnings per share totaled USD0.32, compared to USD0.31 for the third quarter of 2015. Operating earnings for the year ended December 31, 2015 were USD52.7 million, or USD1.47 per diluted share, compared to USD35.3 million, or USD1.21 per diluted share, for the year ended December 31, 2014. Total deposits increased USD367.7 million, or 8.4 percent and total assets increased USD455.5 million, or 8.8 percent. Operating return of average assets of 1.13 percent, compared to 1.15 percent for the third quarter of 2015. In 2015, the company completed the acquisition and conversion of seven branches from CertusBank, N.A. and expande the company's presence in attractive Upstate South Carolina markets. The company completed a public offering of 2.59 million shares of voting common stock. In the fourth quarter 2015, High Point Bank agreed to join forces with BNC. Along with the High Point Bank transaction, the company announced the closing of a USD60 million common equity raise that was extremely beneficial to existing shareholders as it added over USD0.70 to tangible book value. Total non-interest income was USD8.3 million for the fourth quarter of 2015, a decrease from USD9.2 million for the third quarter of 2015. Total non-interest expense was USD37.6 million for the fourth quarter of 2015, a decrease from USD38.2 million for the third quarter of 2015. At December 31, 2015, the company's total assets were USD5.7 billion, an increase from USD5.2 billion at September 30, 2015 and from USD4.1 billion at December 31, 2014. BNC Bancorp is the parent company of Bank of North Carolina, a commercial bank with total assets of USD5.7 billion. Bank of North Carolina provides a complete line of banking and financial services to individuals and businesses through its 64 current banking offices in Virginia, North and South Carolina.
BNCN: 23.76 (-0.28)
BNC Bancorp declares cash dividend
M2 - Tue Jan 26, 5:08AM CST
Board of directors of BNC Bancorp (NASDAQ: BNCN) has declared a quarterly cash dividend of USD0.05 per share on its common stock, the company said. This dividend is payable on February 26, 2016 to shareholders of record as of February 12, 2016. The USD0.05 per share dividend rate is consistent with the rate declared in previous quarters. Headquartered in High Point, NC, BNC Bancorp is the parent company of Bank of North Carolina, a commercial bank with total assets of USD5.7 billion. Bank of North Carolina provides banking and financial services to individuals and businesses through its 64 current banking offices.
BNCN: 23.76 (-0.28)
BNC Bancorp declares dividend of USD0.05 per share for quarter
M2 - Thu Jan 21, 3:06AM CST
BNC Bancorp (NASDAQ:BNCN) disclosed on Wednesday that its board of directors approved a quarterly cash dividend of USD0.05 per share on the company's common stock.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Pricing Of Common Stock Offering
PR Newswire - Mon Nov 16, 6:31AM CST
BNC Bancorp ("BNC"
(NASDAQ: BNCN), the holding company for Bank of North Carolina, announced today the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price of $23.50 per share. The offering price represents a 3.3% discount to the 10-day volume weighted average price. BNC has granted the underwriter a 30-day option to purchase up to an additional 337,500 shares. BNC expects to complete the offering on or about November 19, 2015. The offering is expected to result in gross proceeds of $52.9 million and net proceeds of approximately $49.7 million, after underwriting discounts and estimated expenses. The shares will be issued pursuant to an effective shelf registration statement on Form S-3 (File No. 333-198370) and a prospectus supplement to be filed with the Securities and Exchange Commission (the "SEC". Copies of the prospectus supplement and the accompanying prospectus are available by visiting the SEC's website at www.sec.gov, or from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Syndicate (1-800-643-9691). BNCN: 23.76 (-0.28)
BNC Bancorp Signs Definitive Agreement To Acquire High Point Bank Corporation
PR Newswire - Mon Nov 16, 6:30AM CST
BNC Bancorp ("BNC," NASDAQ: BNCN), the holding company for Bank of North Carolina, and High Point Bank Corporation ("HPTB"
, the holding company for High Point Bank and Trust Company, have entered into a definitive agreement pursuant to which BNC will acquire all of the common stock of HPTB in a cash and stock transaction valued at approximately $141.3 million, based on the closing price of BNC common stock on November 13, 2015. BNCN: 23.76 (-0.28)
BNC Bancorp Announces Earnings for Third Quarter 2015
PR Newswire - Fri Oct 23, 7:30AM CDT
BNC Bancorp (NASDAQ: BNCN) ("Company"
, parent company for Bank of North Carolina ("Bank", today reported financial results for the third quarter of 2015. BNCN: 23.76 (-0.28)
BNC Bancorp declares dividend of USD0.05
M2 - Thu Oct 22, 3:24AM CDT
BNC Bancorp's (NASDAQ:BNCN) board of directors approved a quarterly cash dividend of USD0.05 per share on the company's common stock, it revealed on Wednesday.
BNCN: 23.76 (-0.28)
BNC Bancorp Announces Acquisition Of CertusBank, N.A. Branches
PR Newswire - Mon Oct 19, 7:45AM CDT
BNC Bancorp ("BNC," NASDAQ: BNCN), the parent company for Bank of North Carolina (the "Bank"
, today announced the completion of the previously announced acquisition from CertusBank, N.A. ("Certus" of customer deposits, loans and seven branches of Certus' South Carolina banking operation. In connection with the acquisition, the Bank assumed approximately $175 million in customer deposits and acquired approximately $188 million in loans. The branches, which are located in the communities of Greenville, Spartanburg, Easley, Greer and Mauldin, South Carolina, will reopen Monday, October 19 as BNC Bank and the employees of Certus will be retained as employees of the Bank. BNCN: 23.76 (-0.28)
Bank of the Ozarks (OZRK) Falls: Stock Goes Down 5.6%
Zacks Equity Research - Zacks Investment Research - Thu Oct 15, 7:54AM CDT
Bank of the Ozarks' shares fell by nearly 6% on the day reversing the recent uptrend after the company reported third-quarter 2015 results
BNCN: 23.76 (-0.28), OZRK: 37.65 (-0.76)
Wells Fargo's Student Loan Practices Under CFPB Scanner
Zacks Equity Research - Zacks Investment Research - Fri Oct 09, 2:30PM CDT
While no particular reason for investigation into Wells Fargo's (WFC) student loan practices has been cited till now, CFPB is likely to examine the bank's payment processing procedures and the steps taken to help distressed borrowers.
DFS: 56.33 (-0.47), BNCN: 23.76 (-0.28), WFC: 48.60 (-0.54), NAVI: 13.02 (-0.19)
First Horizon Buys TrustAtlantic, Ups North Carolina Base
Zacks Equity Research - Zacks Investment Research - Tue Oct 06, 5:00PM CDT
Almost a year after the announcement of the deal, Tennessee-based First Horizon National Corporation (FHN) completed the acquisition of Raleigh, N.C.-based TrustAtlantic Financial Corp.
SFST: 25.67 (+0.09), BNCN: 23.76 (-0.28), FHN: 13.87 (-0.23), ACFC: 6.10 (-0.01)
