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Stock Market & Financial Investment News

News Breaks
November 21, 2012
16:18 EDTBMTCBryn Mawr Bank adopts shareholder rights plan
Bryn Mawr Bank Corporation announced that its board had unanimously adopted a shareholder rights agreement in which one common stock purchase right will be distributed as a dividend on each outstanding share of the company's common stock to shareholders of record as of the close of business on December 1. Under the rights agreement, the rights become exercisable if any person or group acquires 15% or more of the company's common stock or, in the case of any person or group that currently owns 15% percent or more of the company's common stock, upon the acquisition of a specified additional amount of shares by such person or group. Until the rights become exercisable, they will not be evidenced by separate certificates and will trade automatically with shares of the company's common stock. The rights are set to expire on November 16, 2015.
News For BMTC From The Last 14 Days
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July 23, 2015
17:33 EDTBMTCBryn Mawr Bank reports Q2 non_GAAP EPS 50c, consensus 53c
Reports Q2 net income of $8.1M, up 6.8% from $7.6M for the same period in 2014. Reports Q2 net interest income $25.1M, up $5.6M or 28.9% from $19.4M for the same period in 2014. The increase in net interest income between the periods was largely related to the interest income generated by loans acquired in the merger with Continental Bank Holdings. Reports Q2 loan loss provision $850K vs. ($100K) a year ago. Reports Q2 net charge-offs ($187K) vs. ($200K) a year ago.
July 17, 2015
17:07 EDTBMTCBryn Mawr Bank announces resignation of CFO
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