BNCCORP Q2 FY26 net income falls 12.7% to $1.9 million; net interest income rises 11.8% to $9.5 million - BNCC News | RalliesBNCCORP Q2 FY26 net income falls 12.7% to $1.9 million; net interest income rises 11.8% to $9.5 million
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BNCC• BNCCORP reports lower quarterly net income as net interest income rises
- BNCCORP Q2 net income fell 12.7% to $1.9 million, or $0.54 per diluted share.
- Net interest income rose 11.8% to $9.5 million; net interest margin widened 9 basis points to 3.84%.
- Efficiency ratio climbed to 76.21% from 68.83% on $1.5 million of acquisition-related professional services expense tied to OppFi.
- Loans held for investment slipped 1.2% from year-end to $730.2 million; deposits declined to $911.9 million from $971.8 million.
- The OppFi deal, announced April 29, is moving through shareholder and regulatory approvals; tangible common equity ratio improved to 10.56%.
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