BNCCORP (BNCC) investor relations material

Executive summary

• Q2 2026 net income was $1.9 million ($0.54 per diluted share), down 12.7% year-over-year due to $1.5 million in professional services expense related to a pending acquisition by OppFi Inc.

• Net income for the first six months of 2026 rose 3.1% to $4.1 million ($1.15 per diluted share) compared to the same period in 2025.

• Net interest income increased 11.8% year-over-year to $9.5 million in Q2 2026, with net interest margin expanding to 3.84%.

• The company is progressing through regulatory and shareholder approval processes for the OppFi acquisition.

Financial highlights

• Q2 2026 interest income rose 8.1% to $13.5 million; interest expense was $4.1 million, nearly flat year-over-year.

• Non-interest income in Q2 2026 was $1.5 million, up from $1.4 million in Q2 2025, driven by higher servicing, interchange, and wealth management revenues.

• Non-interest expense increased 22.5% year-over-year in Q2 2026, mainly due to acquisition-related professional services.

• Tangible book value per share rose to $31.36 at June 30, 2026, from $30.26 at year-end 2025.

• Total assets were $1.0 billion at June 30, 2026, down from $1.1 billion at December 31, 2025.

Outlook and guidance

• Loan pipelines remain solid entering the second half of 2026, with management confident in loan portfolio quality and balance sheet strength.

• The company continues to monitor economic and geopolitical uncertainties, especially in core markets.