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home / news releases / BMTC - Bryn Mawr Bank: Credit Quality Concerns Overshadow Cost-Saving Efforts


BMTC - Bryn Mawr Bank: Credit Quality Concerns Overshadow Cost-Saving Efforts

Bryn Mawr Bank Corporation (BMTC) reported earnings of $0.75 per share in the second quarter as opposed to a loss of $0.56 per share in the first quarter of 2020. The earnings recovery was attributable to a fall in provision expense as well as a one-off gain on sale of Paycheck Protection Program loans. Earnings will likely decrease in the year ahead on a year-over-year basis due to elevated provision expense. On the other hand, the management's efforts to cut costs will likely support earnings. Overall, I'm expecting earnings to decline by 52% year over

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Stock Information

Company Name: Bryn Mawr Bank Corporation
Stock Symbol: BMTC
Market: NASDAQ
Website: bmt.com

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