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Cathedra Bitcoin Announces Second Quarter 2022 Financial Results

Cathedra Bitcoin Announces Second Quarter 2022 Financial Results
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BNCCORP, INC. Reports First Quarter Net Income of $9.8 Million, or $2.73 Per Diluted Share


Highlights
Net income in the first quarter of 2021 increased to $9.8 million, or $2.73 per diluted share, from $4.3 million, or $1.21 per diluted share in the first quarter of 2020.
Return on assets and return on equity were 3.60% and 32.70%, respectively for the quarter ended March 31, 2021, compared to 1.78% and 17.59%, respectively, for the first quarter of 2020.
Mortgage revenue rose to $16.1 million in the first quarter of 2021, from $8.6 million in the 2020 period.
Allowance for credit losses at March 31, 2021, was 1.98% of loans held for investment, excluding $70.1 million of Small Business Administration (SBA) Paycheck Protection Program (PPP) loans, unchanged from December 31, 2020.
Tangible book value per share increased $2.29 to $35.68 at March 31, 2021, from $33.39 at December 31, 2020. ....

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