WSFS Financial Corporation to Combine with Bryn Mawr Bank Corporation, Solidifies Position as the Premier Bank and Wealth Management Franchise in the Greater Philadelphia and Delaware Region
WILMINGTON, Del. and BRYN MAWR, Pa. – WSFS Financial Corporation (NASDAQ: WSFS) and Bryn Mawr Bank Corporation (NASDAQ: BMTC), jointly announced today the signing of a definitive merger agreement whereby Bryn Mawr Bank Corporation (“Bryn Mawr”) will merge with WSFS Financial Corporation (“WSFS”), in a transaction valued at approximately $976.4 million. Simultaneously with the merger, The Bryn Mawr Trust Company (“BMT”), the wholly owned subsidiary of Bryn Mawr, will merge into WSFS Bank, a wholly owned subsidiary of WSFS.
BMT Monday Market Insights – January 24, 2022
In this week’s narrative, we review the breakout in 10-year bond yields. We also discuss the Build Back Better legislation and the big returns recently earned on energy stocks. We then assess the recent outperformance of small cap value relative to small cap growth and look at how this dynamic appears to now be unfolding […]
BMT Monday Market Insights – January 17, 2022
In this week’s Monday Market Insights, we discuss recent inflation data, Jerome Powell’s Senate confirmation hearing, and the December jobs report. Our Chart of the Week highlights the waning government stimulus and its potential impact on inflation. Finally, we discuss how the increase in hourly wages has not been consistent across industries and will likely […]
Bryn Mawr Trust Wealth Management 2022 Winter Economic & Investment Outlook
A Tough Act to Follow? Although it didn’t always feel like it, 2021 was a banner year for financial markets. The S&P 500 returned 28.7% in 2021, ranking as the 21st best year since 1926. Further, the S&P 500 made 70 record highs, the second-best year in history trailing only 1995. Investors weren’t forced to confront […]
BMT Monday Market Insights – December 20, 2021
In this week’s Monday Market Insights, we discuss the Federal Reserve’s plan to withdrawal pandemic-related stimulus, recent investor sentiment readings, and a contrarian view on 2022 inflation. In the chart of the week, we highlight the recent shift in leadership between Growth and Value stocks, and finally, we discuss the resurgence of the consumer staples […]
WSFS Financial Corporation Receives All Required Approvals to Acquire Bryn Mawr Bank Corporation
Acquisition expected to close January 1, 2022 WILMINGTON, Del. and BRYN MAWR, Pa.– WSFS Financial Corporation (Nasdaq: WSFS) (“WSFS”), the parent company of WSFS Bank, and Bryn Mawr Bank Corporation (Nasdaq: BMTC) (“BMTC”), the parent company of The Bryn Mawr Trust Company, jointly announced that WSFS has received all required approvals to acquire BMTC, and […]
BMT Monday Market Insights – December 13, 2021
This week’s Monday Market Insights reviews the recent stock market rally, examines the topic of “market leadership,” and provides a more in-depth analysis of the latest labor market report. In our Chart of the Week, we highlight the recent flattening of the yield curve. In the Commentary section, we illustrate the ample supply of liquid […]
BMT Wealth Management – Philosophy & Process When Uncertainty is High
“We should always start by recognizing that no one can predict the future with precision. With myriad possible outcomes and often unforeseen variables, our investment philosophy is driven by avoiding the dire consequences that can result from being overly confident in a market forecast.”1 What does that mean? We think it means thoughtful diversification, fundamental […]
BMT Monday Market Insights – December 6, 2021
In this week’s narrative, we discuss the recent selling within the equity markets. We also review the comments from Fed Chairman Powell at last week’s Senate Banking Committee hearing and preview the November jobs report. We then discuss the recent underperformance of small-cap stocks and the fact that many of these issues have traded to […]
BMT Monday Market Insights – November 22, 2021
In this week’s Market Insights, we cover the continued improvement in the U.S. labor market, the record issuance for high yield bonds, and consumers’ early start to the holiday shopping season. In our Chart of the Week, we discuss higher U.S. Treasury yields, notably in the five-year area of the yield curve. Finally, we highlight […]
BMT Monday Market Insights – November 15, 2021
In this week’s Monday Market Insights, we discuss recently enacted legislation, the Producer Price Index, and the U.S. job market. Our Chart of the Week highlights the lack of style leadership in the market year-to-date. Finally, we discuss how the increase in borrowing by consumers and businesses should benefit bank stocks in the months ahead. […]
BMT Monday Market Insights – November 8, 2021
In this week’s Monday Market Insights, we discuss the Federal Reserve’s plan to withdraw pandemic-related stimulus, the most recent iteration of the spending bill in Washington, and what we believe the stock market is telling us about economic growth. In the chart of the week, we highlight an opportunity in small-cap stocks and discuss how […]
Bryn Mawr Bank Corporation Reports Quarterly Earnings of $18.4 Million, Declares $0.28 Dividend
BRYN MAWR, Pa., October 21, 2021 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”), today reported net income of $18.4 million, or $0.92 diluted earnings per share, for the three months ended September 30, 2021, as compared to $21.3 million, or $1.06 diluted earnings per share, […]
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