BMTC: Reduced NIM Outlook Drives Lower EPS Estimates, Reduced Target Price; Downgrading to Neutral Rating.

Bryn Mawr reported 3Q19 net income of $16.4 million, up $0.6 million or 3.7% compared to the $15.8 million recorded in 2Q19. On a per share basis, 3Q19 EPS was $0.81, up $0.03 from the $0.78 recorded in the prior quarter. Reported 3Q19 EPS fell $0.02 short of our $0.83 estimate, but $0.04 above the median Street estimate of $0.77. Lower-than projected noninterest income, offset partially by a lower loan loss provision, were the main drivers of the shortfall versus our projection. Highlights of the quarter include:

Read the full report

Contact Us

Newsletter Signup