Bryn Mawr Bank (BMTC) Misses Q4 EPS by 4c

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Go back to Bryn Mawr Bank (BMTC) Misses Q4 EPS by 4c

Bryn Mawr Bank Corporation Reports Fourth Quarter Results, Incurs $17.4 Million Pension Termination Charge, Records Organic Loan Growth of 9.2% for 2015 and Declares Dividend of $0.20

January 21, 2016 4:59 PM EST

BRYN MAWR, Pa., Jan. 21, 2016 (GLOBE NEWSWIRE) -- Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the Corporation), parent of The Bryn Mawr Trust Company (the Bank), today reported a net loss of $6.4 million and diluted earnings per share of ($0.37) for the three months ended December 31, 2015, as compared to net income of $7.0 million and diluted earnings per share of $0.51 for the same period in 2014.

On a non-GAAP basis, core net income, which excludes net gain on sale of available for sale investment securities, the effects of the previously announced pension plan termination at December 31, 2015, severance expense, branch... More