BNC Bancorp (BNCN) Tops Q3 EPS by 2c
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BNC Bancorp Announces Earnings for Third Quarter 2016
October 20, 2016 8:30 AM EDTHIGH POINT, N.C., Oct. 20, 2016 /PRNewswire/ -- BNC Bancorp (NASDAQ: BNCN) ("Company"), parent company for Bank of North Carolina ("Bank"), today reported financial results for the three and nine months ended September 30, 2016. Highlights for the quarter include the following:
Continued solid earnings and returns                                                          GAAP net income of $18.1 million, or $0.38 per diluted share, compared to $14.6 million, or $0.35 per diluted share, for second quarter of 2016; Operating net income of $19.7 million, or $0.42 per diluted share, compared to $17.0 million, or $0.41 per diluted share, for second quarter of 2016; GAAP return on average assets of... More