OppFi Announces Definitive Agreement to Acquire BNCCORP, Inc. and BNC National Bank and the Elimination of Up-C Structure
OppFi has signed a definitive agreement to acquire BNCCORP and its subsidiary BNC National Bank in a transaction valued at approximately $130 million. Under the terms, BNCC stockholders will receive $19.375 in cash and 1.90 shares of OppFi Class A common stock for each share owned, representing roughly 1.2x the company's book value.
Key figures
- Deal Value Usd
- $130 million
- Synergies year 1
- $60 million
- Synergies year 2
- $90 million
- Synergies year 3
- $115 million
- Bnc 2025 net income
- $10 million
- Bnc dec 2025 assets
- $1.1 billion
- Bnc dec 2025 deposits
- $1.0 billion
- Bnc dec 2025 book value
- $107 million
- Tra termination payment
- $40.8 million
- Bnc 2025 interest income
- $51 million
- Consideration stock ratio
- 1.90 shares of OppFi Class A common stock
- Consideration cash per share
- $19.375
AI analysis
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