BNCCorp Q1 net income rises on higher interest income

BNCCorp

15/05/2026 12:08

Overview

US community bank and wealth manager's Q1 net income rose 22.7% yr/yr

Net interest income grew 17.4% yr/yr, net interest margin improved to 3.59%

Company incurred higher professional services expense tied to pending OppFi acquisition

Outlook

Company says it is monitoring economic and geopolitical uncertainties for potential impacts on its loan portfolio

Result Drivers

NET INTEREST INCOME - Net interest income rose 17.4% yr/yr, driven by higher average loan balances and improved loan yields

EXPENSES - Non-interest expense increased mainly due to higher professional services costs tied to the pending OppFi acquisition

WEALTH MANAGEMENT - Wealth management revenues rose 10.4% yr/yr, helped by higher market values of financial assets

Company press release: ID:nPn5mcmrza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.61
Q1 Net Income
$2.20 mln
Q1 Net Interest Income
$9.20 mln
Q1 Net Interest Margin
3.59%


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)