Bridge Bancorp, Inc. Reports Third Quarter 2018 Results With Earnings Per Share of $0.33 (As Reported) And Record Adjusted Earnings per Share of $0.70
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
With Record Revenues BRIDGEHAMPTON, N.Y., Oct. 23, 2018 (GLOBE NEWSWIRE) -- Bridge Bancorp, Inc. (NASDAQ:BDGE), (the “Company”), the parent company of BNB Bank (“BNB”), today announced third quarter results for 2018. The Company's third quarter 2018 financial results included: Net income for the 2018 third quarter of $6.5 million, or $0.33 per diluted share, inclusive of a pre-tax charge of $9.5 million, or $0.37 per diluted share after tax, related to the fraudulent conduct of a business customer through its deposit accounts at BNB Bank.Excluding the impact of the fraud loss, net income for the 2018 third quarter was $14.0 million, or $0.70 per diluted share.Net interest income for the 2018 third quarter increased $1.9 million over 2017 to $34.2 million, with a net interest margin of 3.32%.Total assets of $4.4 billion at September 30, 2018, 4% higher than September 30, 2017.Loan growth of $276 million, or 9%, compared to September 30, 2017, and $95 million, or 4% annualized, fr
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