WSFS - Bryn Mawr Bank: Underwhelming Underlying Results In Q1 Waiting For The Sale To WSFS To Close
- Bryn Mawr reported relatively weak results in Q1 as both the net interest income decreased and the net non-interest expenses increased.
- The impact on the EPS remained limited as Bryn Mawr was able to record a credit against historical loan loss provisions.
- Bryn is being acquired by competitor WSFS Financial and the quoted synergy benefits from 2023 on could make this merger quite interesting.
- I'm not interested in Bryn Mawr as a standalone entity right now, but I'll give the post-merger entity a good look.
For further details see:
Bryn Mawr Bank: Underwhelming Underlying Results In Q1, Waiting For The Sale To WSFS To Close