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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Nov. 25, 5:18 PM

Slide #14. BNC Bancorp Secondary Offering

Company: BNC Bancorp (NASDAQ:BNCN)
Date announced: 11/16/2015
Shares Offered: 2,250,000
Date of Pricing: 11/16/2015
Price Per Share: $23.50
Secondary Offering Details: BNC Bancorp ("BNC") (NASDAQ: BNCN), the holding company for Bank of North Carolina, announced today the pricing of an underwritten public offering of 2,250,000 shares of its common stock at a price of $23.50 per share. The offering price represents a 3.3% discount to the 10-day volume weighted average price. BNC has granted the underwriter a 30-day option to purchase up to an additional 337,500 shares. BNC expects to complete the offering on or about November 19, 2015. The offering is expected to result in gross proceeds of $52.9 million and net proceeds of approximately $49.7 million, after underwriting discounts and estimated expenses. The shares will be issued pursuant to an effective shelf registration statement on Form S-3 (File No. 333-198370) and a prospectus supplement to be filed with the Securities and Exchange Commission (the "SEC"). Copies of the prospectus supplement and the accompanying prospectus are available by visiting the SEC's website at, or from Stephens Inc., 111 Center Street, Little Rock, Arkansas 72201, Attn: Syndicate (1-800-643-9691).

BNC Bancorp is a bank holding company. Through its subsidiary, Bank of North Carolina (the Bank), Co. provides a range of banking services in the communities it serves. Co. is mainly engaged in accepting deposits from the general public and using those deposits, together with other funding from its lines of credit, to make primarily consumer and commercial loans. Co. also provides other banking services, including products such as checking and savings accounts. At Feb 24 2015, Co., through the Bank, operated 48 banking offices, including 36 branches in North Carolina and 12 branches in South Carolina. At Dec 31 2014, Co. had total assets of $4.07 billion and total deposits of $3.40 billion.

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Company Name:  BNC Bancorp
Sector:  Banking & Savings
Number of ETFs Holding BNCN:  18
Total Market Value Held by ETFs:  $23.18M
Total Market Capitalization:  $974.00M
% of Market Cap. Held by ETFs:  2.38%

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November 25, 2015    5:18 PM Eastern
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Buy (2.75 out of 4)
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