High Point Bank Corp (HPTB) 285.0000 $HPTB
North State Enters Into $75 Million Credit Facility
BusinessWire - Mon Jul 18, 7:30AM CDT
North State, a leading fiber optic network, cloud and IT services provider, announced today the completion of a new credit facility. Bank of America Merrill Lynch leads the facility syndicate that includes CoBank, Fifth Third Bank, High Point Bank and TD Bank. Highlights of the credit facility are:
FITB: 18.66 (+0.24)
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: 24.24 (+0.14)
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: 24.24 (+0.14)
North State Enters Into $75 Million Credit Facility
BusinessWire - Mon Jul 18, 7:30AM CDT
North State, a leading fiber optic network, cloud and IT services provider, announced today the completion of a new credit facility. Bank of America Merrill Lynch leads the facility syndicate that includes CoBank, Fifth Third Bank, High Point Bank and TD Bank. Highlights of the credit facility are:
FITB: 18.66 (+0.24)
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: 24.24 (+0.14)
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: 24.24 (+0.14)
