Bryn Mawr Bank Corporation Continues Momentum with Another Strong Quarter and Record Quarterly Earnings of $16.7 Million, Declares $0.25 Dividend
Bryn Mawr Bank Corporation (BMTC)
Last bryn mawr bank corporation earnings: 4/20 05:15 pm
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Source: GlobeNewswire
BRYN MAWR, Pa., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (the “Bank”) today reported net income of $16.7 million, or $0.82 diluted earnings per share for the three months ended September 30, 2018, as compared to net income of $14.7 million, or $0.72 diluted earnings per share, for the three months ended June 30, 2018, and $10.7 million, or $0.62 diluted earnings per share, for the three months ended September 30, 2017. On a non-GAAP basis, core net income, which excludes Tax Cuts and Jobs Act ("Tax Reform") related income tax charges, due diligence and merger-related expenses and other non-core income and expense items, as detailed in the appendix to this earnings release, was $17.1 million, or $0.84 diluted earnings per share, for the three months ended September 30, 2018, as compared to $17.0 million, or $0.83 diluted earnings per share, for the three months ended June 30, 2018, and $11.
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