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home / news releases / BDGE - Bridge Bancorp: Strong Loan Growth To Drive Earnings Recovery


BDGE - Bridge Bancorp: Strong Loan Growth To Drive Earnings Recovery

Earnings of Bridge Bancorp (BDGE) plunged to $0.47 per share in the first quarter, down 34% from the last quarter of 2019. Earnings will likely recover in the remainder of the year due to a strong surge in loan balances on the back of the Paycheck Protection Program. Further, a sequential decline in provision expense will help earnings recover in the year ahead from the first quarter's dip. On the other hand, a decline in swap income will pressurize earnings. Meanwhile, the net interest margin will likely remain stable in the remainder of

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Stock Information

Company Name: Bridge Bancorp Inc.
Stock Symbol: BDGE
Market: NASDAQ

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