BNCCORP (BNCC) Q4 2025 earnings summary

Executive summary

• Net income for Q4 2025 was $2.2 million ($0.62 per diluted share), slightly down from $2.3 million ($0.64 per share) in Q4 2024.

• Full-year 2025 net income rose to $8.8 million ($2.48 per share) from $7.9 million ($2.23 per share) in 2024.

• Pre-provision, pre-tax operating income for Q4 2025 increased 25.8% year-over-year to $3.9 million.

• Management highlighted strong core banking performance, improved efficiency, and robust liquidity despite a challenging environment.

Financial highlights

• Net interest income for Q4 2025 was $9.0 million, up 13.4% year-over-year; full-year net interest income was $34.2 million, up 10%.

• Net interest margin improved to 3.64% in Q4 2025 from 3.57% in Q4 2024; full-year margin was 3.65% vs. 3.54%.

• Non-interest income for Q4 2025 was $1.5 million, flat year-over-year; full-year non-interest income was $5.7 million, slightly down.

• Non-interest expense for Q4 2025 rose 4.4% to $6.5 million; full-year expense increased 2.9% to $26.8 million.

• Provision for credit losses in Q4 2025 was $1.1 million, up from $280 thousand in Q4 2024, mainly due to a single commercial loan.

Outlook and guidance

• Management remains confident in loan portfolio quality and balance sheet strength, citing strong capital and liquidity to navigate ongoing uncertainty.

• Continued focus on relationship-driven strategy and prudent underwriting to support future growth.