Bryn Mawr Bank (BMTC) Misses Q1 EPS by $1.16

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Go back to Bryn Mawr Bank (BMTC) Misses Q1 EPS by $1.16

Bryn Mawr Bank Corporation Reports First Quarter Earnings Impacted by Increased Provision for Credit Losses Under CECL Related to Economic Outlook Driven by the COVID-19 Pandemic, Declares $0.26 Divid

April 20, 2020 5:15 PM EDT

BRYN MAWR, Pa., April 20, 2020 (GLOBE NEWSWIRE) -- Driven by an increase in provision for credit losses on loans and leases reflecting the impact of the adverse economic outlook due to the COVID-19 pandemic on estimated lifetime losses under the new Current Expected Credit Loss standard (CECL), Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the Corporation), parent of The Bryn Mawr Trust Company (the Bank), today reported a net loss of... More