RESULTS OF OPERATIONS
CONSOLIDATED RESULTS
The following table displays consolidated net earnings attributable to BBNC for the fiscal year ended (in thousands
except earnings per share and weighted average shares outstanding):
FISCAL YEAR
2019 2018 2017
1,657,203 1,619,162 1,491,404
Investment earnings 8,659 28,693 25,271
Equity in earnings 2,756 (734) (482)
REVENUES
Operating business lines
$
Gain on sale of business
6,819 — —
11,753 10,677 6,904
1,824 1,547 2,084
1,689,014 1,659,345 1,525,181
Cost of operating business lines 1,598,329 1,573,247 1,436,309
Cost of investment management 1,037 1,432 962
Natural resources and royalty income
Other
Total revenues
COSTS AND EXPENSES
Corporate general and administrative expense
17,509 23,385 19,266
Interest 1,707 1,885 1,714
Other 2,935 2,520 2,234
1,621,517 1,602,469 1,460,485
Total costs and expenses
Earnings from operations
67,497 56,876 64,696
(14,010) 46,348 (23,564)
53,487 103,224 41,132
(339) (161) (111)
$ 53,148 103,063 41,021
$ 98 191 76
540,100 540,100 540,100
Income tax benefit (expense)
Net earnings
Less income attributable to noncontrolling interest
Net earnings attributable to BBNC
Earnings per share
Weighted average shares outstanding
28
BBNC FY2019 ANNUAL REPORT