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BNC Bancorp reports Q2 results.

Global Banking News-11 August 2009-BNC Bancorp reports Q2 results(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 11 August 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

BNC Bancorp (NASDAQ: BNCN) has reported a net income of USD1.4m for the second quarter of 2009, an increase of 56 percent from the USD915,000 earned in the second quarter of 2008.

Results for the second quarter of 2009 include an USD750,000 charge as part of the special deposit insurance assessment levied on all banks by the FDIC. For the second quarter of 2009 net income available to common shareholders totalled USD934,000, or USD0.13 per diluted common share, compared to net income available to common shareholders of USD915,000, or USD0.12 per diluted common share for the second quarter of 2008.

For the first half of 2009, net income available to common shareholders had totalled USD1.8m, or USD0.25 per diluted common share, as compared to net income available to shareholders of USD2.6m, or USD0.35 per diluted share in the first half of 2008.

In July, the board of directors has declared an USD0.05 per share quarterly dividend, which will be payable on August 28, 2009 to shareholders of record on August 14, 2009.

BNC Bancorp is the parent company of Bank of North Carolina, an USD1.6bn commercial bank that provides a complete line of banking and financial services to individuals and businesses in North Carolina.

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Publication:Global Banking News (GBN)
Date:Aug 11, 2009
Words:271
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