OTCPK:BNCC

Stock Analysis Report

Executive Summary

BNCCORP, Inc. operates as the bank holding company for BNC National Bank that provides community banking, retail and mortgage banking, and wealth management services to businesses and consumers.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

How has BNCCORP's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.6%

BNCC

2.9%

US Banks

0.07%

US Market


1 Year Return

18.6%

BNCC

8.6%

US Banks

8.9%

US Market

Return vs Industry: BNCC exceeded the US Banks industry which returned 8.6% over the past year.

Return vs Market: BNCC exceeded the US Market which returned 8.9% over the past year.


Shareholder returns

BNCCIndustryMarket
7 Day1.6%2.9%0.07%
30 Day0%3.4%-0.3%
90 Day10.3%2.1%-1.6%
1 Year18.6%18.6%11.8%8.6%11.3%8.9%
3 Year50.9%50.9%54.8%44.1%46.3%36.8%
5 Year75.8%75.8%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is BNCCORP's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is BNCCORP undervalued compared to its fair value and its price relative to the market?

17.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BNCC ($32) is trading above our estimate of fair value ($24.41)

Significantly Below Fair Value: BNCC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: BNCC is poor value based on its PE Ratio (17.5x) compared to the Banks industry average (12.6x).

PE vs Market: BNCC is good value based on its PE Ratio (17.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BNCC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BNCC is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is BNCCORP forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

12.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BNCC's forecast earnings growth (12% per year) is above the savings rate (2.7%).

Earnings vs Market: BNCC's earnings (12% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: BNCC's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if BNCC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if BNCC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if BNCC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has BNCCORP performed over the past 5 years?

-2.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: BNCC's earnings have declined by -2.2% per year over the past 5 years.

Accelerating Growth: BNCC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BNCC had negative earnings growth (-7.7%) over the past year, making it difficult to compare to the Banks industry average (29.7%).


Return on Equity

High ROE: BNCC's Return on Equity (7.1%) is considered low.


Return on Assets

ROA vs Industry: BNCC's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate BNCC's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is BNCCORP's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: BNCC has a low level of unsold assets or inventory.

Debt Coverage by Assets: BNCC's debt is covered by short term assets (assets are 2.162590x debt).


Financial Institutions Analysis

Asset Level: BNCC's level of assets compared to its equity is moderate.

Allowance for Bad Loans: BNCC has a sufficient allowance for bad loans.

Low Risk Liabilities: BNCC's liabilities are made up of primarily low risk sources of funding.

Loan Level: BNCC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: BNCC's loans are broadly funded by customer deposits.

Level of Bad Loans: BNCC has an appropriate level of bad loans (0.42%)


Next Steps

Dividend

What is BNCCORP's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate BNCC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate BNCC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if BNCC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if BNCC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of BNCC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of BNCCORP's salary, the management and board of directors tenure and is there insider trading?

10.9yrs

Average management tenure


CEO

Tim Franz (61yo)

6.3yrs

Tenure

US$274,519

Compensation

Mr. Timothy J. Franz, also known as Tim, CPA, serves as a Chief Executive Officer and President of BNCCorp., Inc. Mr. Franz served Chief Financial Officer of BNCCorp., Inc. since March 29, 2006 and serves ...


Management Age and Tenure

10.9yrs

Average Tenure

55yo

Average Age

Experienced Management: BNCC's management team is seasoned and experienced (10.9 years average tenure).


Board Age and Tenure

6.5yrs

Average Tenure

61yo

Average Age

Experienced Board: BNCC's board of directors are considered experienced (6.5 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Mark Peiler (48yo)

    Chief Investment Officer of BNC National Bank

    • Tenure: 21.4yrs
    • Compensation: US$286.00k
  • Richard Milne (64yo)

    Chairman of Milne Scali & Co.

    • Tenure: 0yrs
    • Compensation: US$359.55k
  • Dave Hoekstra (47yo)

    President-BNC National Bank-North Dakata Market

    • Tenure: 13.8yrs
    • Compensation: US$257.99k
  • Tim Franz (61yo)

    President

    • Tenure: 6.3yrs
    • Compensation: US$274.52k
  • Daniel Collins (55yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Cheryl Stanton

    Chief Legal Officer

    • Tenure: 6.6yrs
  • Connie Goetz-Froelich

    Vice President of Internal Affairs

    • Tenure: 0yrs
  • Michael Schmitz

    SVP of Financial Services

    • Tenure: 0yrs
  • Jan Nelson

    Marketing Coordinator

    • Tenure: 0yrs
  • Dick Skeldum

    Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Tracy Scott (71yo)

    Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$347.40k
  • Shawn Goll (50yo)

    COO of BNC National Bank

    • Tenure: 0yrs
    • Compensation: US$105.18k
  • Mike Vekich (71yo)

    Director

    • Tenure: 2.6yrs
  • Gaylen Ghylin (71yo)

    Independent Director

    • Tenure: 16.3yrs
    • Compensation: US$36.50k
  • Richard Milne (64yo)

    Chairman of Milne Scali & Co.

    • Tenure: 0yrs
    • Compensation: US$359.55k
  • Dave Hoekstra (47yo)

    President-BNC National Bank-North Dakata Market

    • Tenure: 13.8yrs
    • Compensation: US$257.99k
  • Tim Franz (61yo)

    President

    • Tenure: 6.3yrs
    • Compensation: US$274.52k
  • Daniel Collins (55yo)

    Chief Financial Officer

    • Tenure: 0yrs
  • Nathan Brenna (48yo)

    Independent Director

    • Tenure: 5.1yrs
  • Tom Redmann (61yo)

    Director

    • Tenure: 1.1yrs

Company Information

BNCCORP, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BNCCORP, Inc.
  • Ticker: BNCC
  • Exchange: OTCPK
  • Founded: 1987
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$113.136m
  • Shares outstanding: 3.54m
  • Website: https://www.bncbank.com

Number of Employees


Location

  • BNCCORP, Inc.
  • 322 East Main
  • PO Box 4050
  • Bismarck
  • North Dakota
  • 58501
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BNCCOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 1995

Biography

BNCCORP, Inc. operates as the bank holding company for BNC National Bank that provides community banking, retail and mortgage banking, and wealth management services to businesses and consumers. It offers  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:31
End of Day Share Price2019/10/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.