Bridge Bancorp, Inc. Reports Fourth Quarter and Year End 2018 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., Jan. 28, 2019 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (NASDAQ: BDGE), (the “Company”), the parent company of BNB Bank (“BNB”), today announced fourth quarter and year end results for 2018. The Company's fourth quarter and full year 2018 financial results included: Net income for the 2018 fourth quarter of $13.9 million, or $0.70 per diluted share.Net income for the full year 2018 of $39.2 million, or $1.97 per diluted share, inclusive of: Pre-tax charge of $8.9 million, or $0.35 per diluted share after tax, related to the fraudulent conduct of a business customer through its deposit accounts at BNB in the 2018 third quarter.Pre-tax net securities losses of $7.9 million, or $0.31 per diluted share after tax, related to the Company’s balance sheet restructure in the 2018 second quarter.Pre-tax charge of $0.8 million, or $0.03 per diluted share after tax, related to the Company’s office relocation costs in the 2018 fourth quarter. Excluding the impact of the fra
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