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Category: Press Releases

Bryn Mawr Bank Corporation Reports Third Quarter Net Income of $13.2 Million

BRYN MAWR, Pa., October 22, 2020 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $13.2 million, or $0.66 diluted earnings per share, for the three months ended September 30, 2020, as compared to $15.0 million, or $0.75 diluted earnings per share, for the three months ended June 30, 2020, and $16.4 million, or $0.81 diluted earnings per share, for the three months ended September 30, 2019.

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

BRYN MAWR, Pa., October 6, 2020 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company, expects to report third quarter 2020 financial results after markets close on Thursday, October 22, 2020. The Corporation will hold a third quarter 2020 earnings conference call at 8:30 a.m. Eastern Time on […]

Bryn Mawr Trust Bolsters Commercial Lending Group, Adds Rachel Lindeman as Senior Vice President

Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC), announced today that Rachel Lindeman has joined the company as Senior Vice President and Commercial Real Estate Relationship and Construction Loan Manager. Rachel reports directly to Drew Smith, Commercial Real Estate (CRE) Banking Division leader. She manages high-profile CRE relationships and works with large developers throughout the state of Delaware to support initiatives to expand the bank’s presence in the state.

BMT Names John Kveragas as Senior Vice President, Chief Audit Officer

Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation (NASDAQ: BMTC– the “Corporation”), today announces that John E. Kveragas, Jr., CPA, CISA joined the Corporation on July 27, 2020, and will be the new Senior Vice President and Chief Audit Officer. He reports directly to the audit committee of the Corporation boards of directors, and administratively to Corporation President and CEO Frank Leto.

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.