Searching for your nearest BMT.

Category: Press Releases

BMBC Reports Second Quarter Net Income of $15.0 Million

Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $15.0 million, or $0.75 diluted earnings per share for the three months ended June 30, 2020, as compared to a net loss of $11.2 million, or $(0.56) diluted earnings per share, for the three months ended March 31, 2020, and net income of $15.8 million, or $0.78 diluted earnings per share, for the three months ended June 30, 2019.

BMBC Reports First Quarter Earnings Impacted by Increased Provision for Credit Losses Under CECL Related to Economic Outlook Driven by the COVID-19 Pandemic, Declares $0.26 Dividend

BRYN MAWR, Pa., April 20, 2020 – Driven by an increase in provision for credit losses on loans and leases reflecting the impact of the adverse economic outlook due to the COVID-19 pandemic on estimated lifetime losses under the new Current Expected Credit Loss standard (“CECL”), Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported a net loss of $11.2 million, or $(0.56) diluted earnings per share for the three months ended March 31, 2020, as compared to net income of $16.4 million, or $0.81 diluted earnings per share, for the three months ended December 31, 2019, and $10.7 million, or $0.53 diluted earnings per share, for the three months ended March 31, 2019.

Bryn Mawr Bank Corporation Announces Date of First Quarter 2020 Financial Results and Earnings Call

Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company, expects to report first quarter 2020 financial results after markets close on Monday, April 20, 2020.  Although the Corporation has not held earnings conference calls in recent years, in light of developments pertaining to COVID-19, the Corporation will hold an earnings conference call for the first quarter of 2020 to discuss financial results.

Bryn Mawr Bank Corporation Announces Change in Location and Added Virtual Format for 2020 Annual Meeting of Shareholders

Due to the emerging and continuing health and safety considerations from the coronavirus outbreak (“COVID-19”), the Board of Directors (the “Board”) of Bryn Mawr Bank Corporation (the “Corporation”) (NASDAQ:BMTC), announces a change in location and an additional virtual attendance option for the Corporation’s 2020 Annual Meeting of Shareholders (the “2020 Annual Meeting”), which is scheduled to take place on Thursday, April 16, 2020 at 11:00 a.m. Eastern Time.

Bryn Mawr Trust Names Michael Williams Vice President in Central Pennsylvania Market

Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that Michael Williams has been named to the position of Vice President, Commercial Relationship Manager. He will focus on growing commercial lending relationships throughout the York, Harrisburg, Hershey, Lancaster, and Reading markets. Mr. Williams is based in BMT’s Hershey office.

Bryn Mawr Bank Corp Transitions Lau Associates into BMT Wealth Management

Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (“BMT”), announced today that effective January 1, 2020, the former Lau Associates now operates within Bryn Mawr Trust Wealth Management, a division of BMT. Lau Associates had operated as a separate subsidiary of BMBC since its acquisition in July of 2008.

BMBC Reports Fourth Quarter 2019 Net Income of $16.4 Million, Declares $0.26 Dividend

Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $16.4 million, or $0.81 diluted earnings per share for the three months ended December 31, 2019, as compared to net income of $16.4 million, or $0.81 diluted earnings per share, for the three months ended September 30, 2019, and $17.1 million, or $0.84 diluted earnings per share, for the three months ended December 31, 2018.

Bryn Mawr Trust Names Lindsay Saling Senior Vice President and Director of Retail Banking

Bryn Mawr Trust (BMT) announced today that Lindsay Saling was named senior vice president and Director of Retail Banking. She focuses on the oversight of the institution’s retail delivery channels and servicing of all products and services offered to the customers banking through our retail locations throughout Pennsylvania, New Jersey, and Northern Delaware.