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Enterprising Investor

07/24/13 8:54 AM

#132 RE: Enterprising Investor #131

BNCC total assets grew by 14.4 percent.

However, non-interest expense declined by 9.6 percent. Management is doing a good job of managing expenses while growing the business at a fast pace.

Mortgage banking revenue declined by about $2.7 million.
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56Chevy

07/24/13 1:28 PM

#134 RE: Enterprising Investor #131

- Book value per common share is $14.35 at June 30, 2013

At todays pps of $12.55 its still selling at 87% of BV.

I think everyone expected 2Q earnings to be down...but maybe not that much.

BNCC has spoiled us. Funny how .62 @ share earnings sounds disappointing...and yet there isn't another peer bank in the country that wouldn't kill to trade 2Q numbers with them.