Investment Considerations

With operations in high-growth markets in Arizona, Minnesota and North Dakota, BNCCORP is committed to moving into the future as a full service provider of financial services.

BNCCORP has a management team that combines experienced conscientious overseers of traditional banking services with aggressive and innovative marketers and managers of diversified financial services.

We reported net income of $1.389 million, or $0.40 per share on a diluted basis from continuing operations, for the quarter ended March 31, 2008.  For the same period of 2007, we reported net income of $262 thousand, or $0.07 per diluted share from continuing operations

BNC’s increase in net income from continuing operations in the first quarter primarily reflected higher net interest income, continued growth in loans held for investment, non-interest income from gains on loan sales and wealth management revenues, as well as lower non-interest expenses. 

Gregory K. Cleveland, BNCCORP President and Chief Executive Officer, stated, “We are pleased with the growth in net income from continuing operations, especially at a time of considerable turmoil in the financial markets.  Our strategic decision last year to focus on core banking and wealth management has resulted in a business that generates revenue more consistently, as well as a stronger capital base.  While no financial institution is immune to the pressures of the current economic environment, and all lenders are well-advised to take a vigilant approach to credit quality, we believe BNC is well-positioned to weather the present turbulent conditions.”

For further information on the Company’s performance through March 31, 2008, you may refer to our Earnings Release dated April 29, 2008 and included on this web site.

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