Bridge Bancorp, Inc. Reports First Quarter 2020 Results
BRIDGE BANCORP (BDGE)
Last bridge bancorp earnings: 4/29 05:08 pm
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US:NASDAQ Investor Relations:
bnbbank.com
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Source: GlobeNewswire
BRIDGEHAMPTON, N.Y., April 29, 2020 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (NASDAQ: BDGE) (the “Company”), the parent company of BNB Bank (“BNB”), today announced first quarter results for 2020. The Company's first quarter 2020 financial results included: Net income for the 2020 first quarter of $9.3 million, or $0.47 per diluted share.Net interest income for the 2020 first quarter increased $2.3 million over the 2019 first quarter to $36.7 million, with a tax-equivalent net interest margin of 3.26%.Total assets of $5.1 billion at March 31, 2020, 8% higher than March 31, 2019.Loan growth of $371 million, or 11%, compared to March 31, 2019, and $82 million, or 9% annualized, from December 31, 2019.Loan and line of credit originations of $220 million for the first quarter of 2020.Non-public, non-brokered deposit growth of $141 million, or 5%, compared to March 31, 2019, and $74 million, or 10% annualized, from December 31, 2019.Non-performing assets of $4.6 million at March 31, 20
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