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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Bryn Mawr Bank Corp.    BMTC

BRYN MAWR BANK CORP.

(BMTC)
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Bryn Mawr Bank : Trust Names Emanuel Ball Senior Vice President and Director of Facilities

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01/12/2019 | 07:30am EDT

(GlobeNewswire) - Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the Corporation), parent of The Bryn Mawr Trust Company (BMT), announced today that Mr. Emanuel Ball has joined the Company as Senior Vice President and Director of Facilities. Mr. Ball reports directly to Alison Eichert, Executive Vice President and Chief Operating Officer.

Emanuel brings a wealth of facilities management experience to Bryn Mawr Trust, said Ms. Eichert. His experience will enable us to strategically develop our real estate based footprint, integrate technology into our physical distribution, and ensure that we scale as we continue to grow.

Ball has over 25 years of experience in real estate and facilities management, including within the banking industry. He served most recently as the head of property management for RICOH Americas, managed real estate for AAMCO Transmissions, and was a territory manager at PNC Bank, where he oversaw realty services and capital improvements projects.

Bryn Mawr Bank Corporation (NASDAQ: BMTC), including its principal subsidiary, The Bryn Mawr Trust Company (BMT), was founded in 1889, and is headquartered in Bryn Mawr, Pa. BMT is a locally managed, premier financial services company providing retail and commercial banking; trust administration and wealth management; and insurance and risk management solutions. Bryn Mawr Bank Corporation has $4.4 billion in corporate assets and $13.9 billion in wealth assets under management, administration, supervision, and brokerage (as of 9/30/18). Today, the company operates 43 banking locations, six (6) wealth management offices and three (3) insurance and risk management locations in the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Castle County in Delaware; and Mercer and Camden Counties in New Jersey. For more information, visit bmtc.com.

FORWARD-LOOKING STATEMENTS AND SAFE HARBOR This press release contains statements which, to the extent that they are not recitations of historical fact may constitute forward-looking statements for purposes of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking statements may include financial and other projections as well as statements regarding the Corporations future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporations underlying assumptions. The words may, would, should, could, will, likely, possibly, expect, anticipate, intend, estimate, target, potentially, probably, outlook, predict, contemplate, continue, plan, forecast, project, are optimistic, are looking, are looking forward and believe or other similar words and phrases may identify forward-looking statements. Persons reading this press release are cautioned that such statements are only predictions, and that the Corporations actual future results or performance may be materially different.

Such forward-looking statements involve known and unknown risks and uncertainties. A number of factors, many of which are beyond the Corporations control, could cause our actual results, events or developments, or industry results, to be materially different from any future results, events or developments expressed, implied or anticipated by such forward-looking statements, and so our business and financial condition and results of operations could be materially and adversely affected. Such factors include, among others, our need for capital, our ability to control operating costs and expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities and overall quality of the composition of our loan, lease and securities portfolio; the impact of economic conditions, consumer and business spending habits, and real estate market conditions on our business and in our market area; changes in the levels of general interest rates, deposit interest rates, or net interest margin and funding sources; changes in banking regulations and policies and the possibility that any banking agency approvals we might require for certain activities will not be obtained in a timely manner or at all or will be conditioned in a manner that would impair our ability to implement our business plans; changes in accounting policies and practices; the inability of key third-party providers to perform their obligations to us; our ability to attract and retain key personnel; competition in our marketplace; war or terrorist activities; our ability to complete anticipated acquisitions and any material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; and other factors as described in our securities filings. All forward-looking statements and information set forth herein are based on Managements current beliefs and assumptions as of the date hereof and speak only as of the date they are made. The Corporation does not undertake to update forward-looking statements.

For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, as well as any changes in risk factors that we may identify in our quarterly or other reports subsequently filed with the SEC.

FOR MORE INFORMATION:Alison J. Eichert, EVP, COO610.581.4730

Tina McDonald, SVP, Marketing610.581.4875

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/39a187ae-8604-4ad5-86d3-49a224783e16

(c) Palestine News Network, 2003 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 155 M
EBIT 2019 89,7 M
Net income 2019 60,0 M
Debt 2019 -
Yield 2019 2,74%
P/E ratio 2019 12,73
P/E ratio 2020 11,31
Capi. / Sales 2019 4,90x
Capi. / Sales 2020 4,70x
Capitalization 759 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 41,7 $
Spread / Average Target 11%
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Managers
NameTitle
Francis Joseph Leto President, Chief Executive Officer & Director
Britt H. Murdoch Chairman
Alison J. Eichert Chief Operating Officer & Executive Vice President
Michael W. Harrington Chief Financial Officer & Treasurer
Andrea F. Gilbert Independent Director
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