Bryn Mawr Bank Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Net Loan and Le Net Charge-Offs for the Fourth Quarter of 2017
For the year, the company reported total interest income of $129,559,000 against $116,991,000 a year ago. Net interest income was $115,127,000 against $106,236,000 a year ago. Income before income taxes was $57,246,000 against $54,204,000 a year ago. Net income was $23,016,000 or $0.86 per diluted share against $36,036,000 or $0.82 per diluted share a year ago. Net interest income after provision was $112,509,000 compared with $101,910,000 a year ago. Core net income was $42,111,000 against $36,086,000 a year ago. Core diluted earnings per share was $2.42 against $2.12 a year ago. Return on average assets was 0.67 % against 1.16% a year ago. Return on average equity was 5.76% against 9.75% a year ago. Return on tangible equity was $9.23 compared with $15.79 a year ago.
For the quarter, the company reported net loan and le net charge-offs for the fourth quarter of 2017 were $556,000 as compared to $1.3 million for the same period in 2016.