BNCCORP (BNCC) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 rose 22.7% year-over-year to $2.2 million, or $0.61 per diluted share, driven by higher net interest income and improved margins.

• Pre-provision, pre-tax operating income increased 32.8% to $3.2 million compared to Q1 2025.

• The quarter included elevated professional services expenses related to a pending acquisition by OppFi Inc.

Financial highlights

• Net interest income grew 17.4% year-over-year to $9.2 million, with net interest margin expanding to 3.59%.

• Interest income increased 15.9% to $13.9 million, while interest expense rose to $4.7 million.

• Non-interest income was stable at $1.4 million; wealth management revenues rose 10.4%.

• Non-interest expense increased 8.8% due to higher professional services and IT costs.

• Efficiency ratio improved to 69.94% from 73.95% year-over-year.

• Tangible book value per share increased to $30.85 at March 31, 2026.

Outlook and guidance

• Management remains confident in loan portfolio quality and balance sheet strength, despite ongoing economic and geopolitical uncertainties.

• The proposed acquisition by OppFi is expected to extend reach and capabilities while maintaining the relationship-driven model.