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BNC posts 1Q profit

HIGH POINT, N.C. (AP) _ BNC Bancorp (BNCN) on Monday reported first-quarter profit of $14.4 million.

The bank, based in High Point, North Carolina, said it had earnings of 28 cents per share. Earnings, adjusted for non-recurring costs, were 44 cents per share.

The bank holding company posted revenue of $84.6 million in the period. Its adjusted revenue was $74.4 million.

BNC shares have climbed roughly 2 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.40, a rise of 48 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BNCN at https://www.zacks.com/ap/BNCN

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Keywords: BNC Bancorp, Earnings Report