BNCCORP (BNCC) Q2 2025 earnings summary

Executive summary

• Net income for Q2 2025 rose 17.4% year-over-year to $2.2 million ($0.62 per diluted share), with return on average assets improving to 0.92% from 0.82% in Q2 2024.

• Loan demand was strong, with loans held for investment increasing 5.7% sequentially to $739.2 million at June 30, 2025.

• Net interest margin improved to 3.75% in Q2 2025 from 3.58% in Q2 2024, reflecting higher origination yields and disciplined cost management.

Financial highlights

• Interest income for Q2 2025 increased 11.4% year-over-year to $12.5 million; net interest income rose 11.3% to $8.5 million.

• Non-interest income was $1.4 million, slightly down from $1.5 million in Q2 2024, with a one-time gain on sale of loans of $114 thousand.

• Non-interest expense increased 3.0% year-over-year, mainly due to higher professional services and salary expenses.

• For the first six months of 2025, net income was $3.9 million ($1.11 per diluted share), up from $3.6 million ($1.01 per share) in 2024.

Outlook and guidance

• Management remains focused on disciplined cost control, credit quality, and positioning for long-term growth.

• The company continues to monitor macroeconomic and geopolitical risks, especially in its core markets.