Business Services Industry
North Carolina-Based BNC Bancorp Posts Increase in Quarterly Earnings.
Knight Ridder/Tribune Business News, May, 2004
High Point Enterprise, N.C. Knight Ridder/Tribune Business News
May 4--BNC Bancorp on Monday reported operating results for the quarter ended March 31.
For the quarter the company reported net income of $779,000, an increase of 4 percent when compared to the $752,000 reported for the comparable quarter in 2003. Diluted earnings per share increased to $0.21 for the quarter, a 5 percent increase when compared to $0.20 reported for the same quarter in 2003. The per share amounts for the 2003 quarter have been retroactively adjusted for the 10 percent stock dividend paid to shareholders on Sept. 15.
Total assets as of March 31 were $407.5 million, an increase of 27 percent compared to the $321.9 million as of March 31, 2003. Total loans on...
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