BNCCORP, INC. ANNOUNCES SPECIAL $4.00 PER SHARE CASH DIVIDEND
BNCCORP (BNCC) has announced a special, one-time cash dividend of $4.00 per share of common stock, payable on January 14, 2025, to shareholders of record on December 30, 2024. The total dividend distribution will amount to approximately $14.4 million.
The company's Chairman, Michael Vekich, stated that this special dividend aligns with their capital management strategy of returning excess capital to shareholders while maintaining adequate reserves for business operations and strategic investments. BNC operates community banking and wealth management services across 11 locations in North Dakota and Arizona.
BNCCORP (BNCC) ha annunciato un dividendo speciale, una tantum, di 4,00 $ per azione di azioni ordinarie, che sarà pagato il 14 gennaio 2025, agli azionisti registrati il 30 dicembre 2024. La distribuzione totale del dividendo ammonterà a circa 14,4 milioni di dollari.
Il presidente dell'azienda, Michael Vekich, ha dichiarato che questo dividendo speciale è in linea con la loro strategia di gestione del capitale, volta a restituire capitale in eccesso agli azionisti mantenendo al contempo riserve adeguate per le operazioni aziendali e investimenti strategici. BNC offre servizi bancari comunitari e di gestione patrimoniale in 11 sedi nel Dakota del Nord e in Arizona.
BNCCORP (BNCC) ha anunciado un dividendo en efectivo especial y único de $4.00 por acción de acciones comunes, que se pagará el 14 de enero de 2025, a los accionistas registrados el 30 de diciembre de 2024. La distribución total del dividendo ascenderá a aproximadamente $14.4 millones.
El presidente de la empresa, Michael Vekich, declaró que este dividendo especial está alineado con su estrategia de gestión de capital de devolver el capital excedente a los accionistas mientras se mantienen reservas adecuadas para las operaciones comerciales y las inversiones estratégicas. BNC opera servicios bancarios comunitarios y gestión de patrimonios en 11 localidades en Dakota del Norte y Arizona.
BNCCORP (BNCC)는 특별 일회성 현금 배당금으로 주당 4.00달러를 발표했으며, 이는 2025년 1월 14일에 2024년 12월 30일 기준 주주에게 지급됩니다. 총 배당금 분배액은 약 1440만 달러에 달할 것입니다.
회장인 마이클 베키치는 이 특별 배당금이 자본 관리 전략과 일치하며, 주주에게 잉여 자본을 환원하면서도 사업 운영 및 전략적 투자를 위해 적절한 준비금을 유지한다고 밝혔습니다. BNC는 노스다코타와 애리조나의 11개 위치에서 지역 은행 및 자산 관리 서비스를 제공합니다.
BNCCORP (BNCC) a annoncé un dividende en espèces spécial et unique de $4,00 par action d'actions ordinaires, payable le 14 janvier 2025, aux actionnaires enregistrés le 30 décembre 2024. La distribution totale du dividende s'élèvera à environ $14,4 millions.
Le président de l'entreprise, Michael Vekich, a déclaré que ce dividende spécial s'inscrit dans leur stratégie de gestion du capital visant à restituer le capital excédentaire aux actionnaires tout en maintenant des réserves adéquates pour les opérations commerciales et les investissements stratégiques. BNC propose des services bancaires communautaires et de gestion de patrimoine dans 11 emplacements au Dakota du Nord et en Arizona.
BNCCORP (BNCC) hat eine einmalige Sonderdividende von 4,00 $ pro Aktie von Stammaktien angekündigt, die am 14. Januar 2025 an die Aktionäre ausgezahlt wird, die am 30. Dezember 2024 im Aktienbuch eingetragen sind. Die Gesamthöhe der Dividendenzahlung wird sich auf etwa 14,4 Millionen $ belaufen.
Der Vorsitzende des Unternehmens, Michael Vekich, erklärte, dass diese Sonderdividende mit ihrer Kapitalmanagementstrategie übereinstimmt, die darauf abzielt, überschüssiges Kapital an die Aktionäre zurückzugeben, während ausreichende Rücklagen für die Geschäftstätigkeit und strategische Investitionen aufrechterhalten werden. BNC bietet in 11 Standorten in North Dakota und Arizona Gemeinschaftsbank- und Vermögensverwaltungsdienste an.
- Special dividend of $4.00 per share, totaling $14.4 million distribution to shareholders
- Strong financial position allowing significant capital return to shareholders
- Maintains sufficient capital for business operations and strategic investments
- Large cash distribution may reduce available capital for future growth opportunities
BNC Chairman Michael Vekich said, "The special cash dividend reflects our capital management philosophy that includes the return of capital to shareholders in excess of what is invested to maintain our businesses, deployed for profitable investments, or retained as a capital reserve and liquidity buffer for the Company and BNC National Bank. The special dividend also demonstrates our continuing confidence in our financial strength and our strategic approach that makes BNC an attractive financial partner in a competitive banking environment."
About BNCCORP, INC
BNCCORP, INC., headquartered in
This news release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance, capital allocation, return of capital to shareholders and business of BNC. Forward-looking statements, which may be based upon beliefs, expectations, and assumptions of our management and on information currently available to management are identifiable by the use of words such as "expect", "believe", "anticipate", "at the present time". "plan", "optimistic", "intend", "estimate", "may", "will", "would", "could", "should", "future" and other expressions relating to future periods. Examples of forward-looking statements include, among others, statements we make regarding our expectations regarding future capital allocation and return of capital to shareholders, future market conditions and our ability to capture opportunities and pursue growth strategies, our expected operating results such as revenue growth and earnings and our expectations of the effects of the regulatory environment or the current pandemic on our earnings for the foreseeable future. Forward-looking statements are neither historical facts nor assurances of future performance. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, but are not limited to: the impact of future pandemics, the impact of current and future regulation; the risks of loans and investments, including dependence on local and regional economic conditions; competition for our customers from other providers of financial services; possible adverse effects of changes in interest rates; risks associated with our acquisition and growth strategies; and other risks which are difficult to predict and many of which are beyond our control. In addition, all statements in this news release, including forward-looking statements, speak only of the date they are made, and the Company undertakes no obligation to update any statement in light of new information or future events.
FOR FURTHER INFORMATION:
WEBSITE: www.bnccorp.com
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SOURCE BNCCORP, INC.
FAQ
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