|Over a month ago|
Bryn Mawr Bank reports Q3 core EPS 77c, consensus 61c » 16:3210/2210/22/20
The tax-equivalent net…
The tax-equivalent net interest margin was 3.03% for the three months ended September 30, as compared to 3.22% for the linked quarter. Adjusting for the impact of the accretion of purchase accounting fair value marks, the adjusted tax-equivalent net interest margin was 2.96% for the three months ended September 30, as compared to 3.13% for the linked quarter.
|Over a quarter ago|
Bryn Mawr Bank reports Q2 core EPS 77c, consensus 51c » 16:3107/2007/20/20
The tax-equivalent net…
The tax-equivalent net interest margin was 3.22% for the three months ended June 30, as compared to 3.38% for the linked quarter. Adjusting for the impact of the accretion of purchase accounting fair value marks, the adjusted tax-equivalent net interest margin was 3.13% for the three months ended June 30, as compared to 3.29% for the linked quarter.
Bryn Mawr Bank initiated with an Equal Weight at Stephens » 06:3206/0106/01/20
Stephens analyst Matt…
Stephens analyst Matt Breese initiated coverage of Bryn Mawr Bank with an Equal Weight rating and $30 price target. Breese advises a "wait and see approach" in the current environment given Bryn Mawr's asset sensitive balance sheet, growth outlook and potential pressure on wealth management fees due to market disruption, the analyst said.
Bryn Mawr Bank reports Q1 core EPS (56c), consensus 60c » 17:2104/2004/20/20
Reports Q1 provision for…
Reports Q1 provision for loan and lease losses $32.33M. Q4 EPS was 81c. The difference between quarters was primarily the result of a $30.1M increase in provision for credit losses on loans and leases, as calculated under the CECL framework, driven by the COVID-19 pandemic. Other factors impacting net income included a $348,000 increase in net interest income and decreases of $5.0M and $7.2M in noninterest income and income tax expense, respectively, for the three months ended March 31, 2020 as compared to the three months ended December 31, 2019. "As we all navigate the current challenges resulting from the COVID-19 pandemic, BMT remains focused on the safety of our people and providing our customers uninterrupted service. We are committed to assisting our small business community through our active participation in the SBA's Paycheck Protection Program and our employees are working tirelessly to process applications and fund loans under the program," commented the company, continuing, "The banking industry, under the new loan loss reserve guidelines, must take a forward-looking approach to the economy as a predictor of future loan losses. BMT's historical loan losses have been very strong compared to our peers and credit quality did not materially deteriorate in the Q1, however under this new guidance we must look out several years and reserve for potential losses now."
Bryn Mawr Bank upgraded to Outperform from Market Perform at Keefe Bruyette » 11:5004/0104/01/20
Keefe Bruyette analyst…
Keefe Bruyette analyst Michael Perito upgraded Bryn Mawr Bank to Outperform from Market Perform with a $39 price target.
Bryn Mawr Bank trading resumes 09:5203/2303/23/20
Bryn Mawr Bank trading halted, volatility trading pause 09:4703/2303/23/20
Bryn Mawr Bank reports Q4 EPS 81c, consensus 78c 16:3201/1601/16/20