Bryn Mawr Bank : Reports Fourth Quarter Net Income of $16.4 Million, Organic Loan Growth of 7.6% over 2018, Wealth Assets Under Management of $16.6 Billion, Declares $0.26 Dividend

FOR RELEASE: IMMEDIATELY	Frank Leto, President, CEO
FOR MORE INFORMATION CONTACT:	610-581-4730
	Mike Harrington, CFO
	610-526-2466

Bryn Mawr Bank Corporation Reports

Fourth Quarter Net Income of $16.4 Million,

Organic Loan Growth of 7.6% over 2018,

Wealth Assets Under Management of $16.6 Billion,

Declares $0.26 Dividend

BRYN MAWR, Pa., January 16, 2020 - Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the "Corporation"), parent of The Bryn Mawr TrustCompany (the "Bank"), today reported net income of $16.4 million, or $0.81 diluted earnings per share for the three months ended December 31, 2019, as compared to net income of $16.4 million, or $0.81 diluted earnings per share, for the three months ended September 30, 2019, and $17.1 million, or $0.84 diluted earnings per share, for the three months ended December 31, 2018.

As detailed in the appendix to this earnings release, management calculates core net income, a non-GAAP measure, which excludes income tax charges incurred in connection with the Tax Cuts and Jobs Act, due diligence and merger-related expenses, one-time costs associated with our voluntary Years of Service Incentive Program, and other non-core income and expense items. There were no meaningful non-core income or expense items for the three months ended December 31, 2019, September 30, 2019, or December 31, 2018. A reconciliation of core net income and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release.

"We are excited to report a strong conclusion to 2019," commented Frank Leto, President and Chief Executive Officer. "We believe loan growth of 4.2% over the prior quarter and 7.6% over the prior year, along with strong fee income from both wealth and capital markets are evidence of the continued success of our One BMT market strategy" Mr. Leto continued, "As we look to 2020 and what is shaping up to be a very challenging operating environment, our entire organization is focused on realizing the value of the investments in talent and technology we have made over the last few years to remain a market leader while controlling future increases in expenses until such time as the environment improves," Mr. Leto concluded.

On January 16, 2020, the Board of Directors of the Corporation declared a quarterly dividend of $0.26 per share, payable March 1, 2020 to shareholders of record as of January 31, 2020.

SIGNIFICANT ITEMS OF NOTE

Results of Operations - Fourth Quarter 2019 Compared to Third Quarter 2019

• Net income for the three months ended December 31, 2019 was $16.4 million, relatively unchanged as compared to net income of $16.4 million for the three months ended September 30, 2019. Net interest income for the three months ended December 31, 2019 was $36.0 million, a decrease of $1.4 million over the linked quarter. The provision for loan and lease losses (the "Provision") for the three months ended December 31, 2019 increased $1.3 million as compared to the third quarter of 2019. Total noninterest income increased $3.8 million, total noninterest expense increased $1.3 million, and income tax expense decreased $200 thousand for the three months ended December 31, 2019, as compared to the three months ended September 30, 2019.

1

• Net interest income for the three months ended December 31, 2019 was $36.0 million, a decrease of $1.4 million over the linked quarter. Tax-equivalent net interest income for the three months ended December 31, 2019 was $36.1 million, a decrease of $1.4 million over the linked quarter. Tax-equivalent net interest income for the fourth quarter of 2019 was positively impacted by the accretion of purchase accounting fair value marks of $1.1 million as compared to $1.6 million for the linked quarter. Excluding the effects of these purchase accounting fair value marks, the adjusted tax-equivalent net interest income for the three months ended December 31, 2019 was $35.0 million, a decrease of $931 thousand over the linked quarter. A reconciliation of this and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release. Items contributing to the decrease in tax-equivalent net interest income adjusted for purchase accounting included decreases of $1.8 million and $434 thousand in tax-equivalent interest and fees earned on loans and leases and tax-equivalent interest income on available for sale investment securities, respectively, partially offset by decreases of $853 thousand and $382 thousand in interest paid on deposits and interest expense on short-term borrowings, respectively, for the three months ended December 31, 2019 as compared to the linked quarter ended September 30, 2019.
  Tax-equivalent interest and fees earned on loans and leases for the three months ended December 31, 2019 decreased $2.3 million as compared to the linked quarter. The decrease was primarily due to a 35 basis point decrease in tax-equivalent yield on average loans and leases for the three months ended December 31, 2019 as compared to the linked quarter. The decrease in tax-equivalent yield was primarily due to the decreases in prime loan rates observed during the second half of the year driven by the current interest rate environment, which affected new originations and refinancing, as well as existing adjustable rate loans. The effect of the decrease in tax-equivalent yield was partially offset by an increase of $65.7 million in average loans and leases for the three months ended December 31, 2019 as compared to the linked quarter.
  Tax-equivalent interest income on available for sale investment securities for the three months ended December 31, 2019 decreased $434 thousand as compared to the linked quarter. Average available for sale investment securities decreased $29.4 million over the linked quarter and experienced an 18 basis point decrease in tax- equivalent yield.
  Interest expense on deposits for the three months ended December 31, 2019 decreased $836 thousand over the linked quarter. The decrease was primarily due to a 13 basis point decrease in tax-equivalent yield on average interest-bearing deposits for the three months ended December 31, 2019 as compared to the linked quarter. The effect of the decrease in tax-equivalent yield was partially offset by an increase of $22.8 million in average interest-bearing deposits for the three months ended December 31, 2019 as compared to the linked quarter.
  Interest expense on short-term borrowings for the three months ended December 31, 2019 decreased $382 thousand over the linked quarter. Average short-term borrowings decreased $48.3 million coupled with a 38 basis point decrease in the rate paid as compared to the linked quarter.
• The tax-equivalent net interest margin was 3.36% for the three months ended December 31, 2019 as compared to 3.54% for the linked quarter. Adjusting for the impact of the accretion of purchase accounting fair value marks, the adjusted tax-equivalent net interest margin was 3.26% for the three months ended December 31, 2019 as compared to 3.39% for the linked quarter. A reconciliation of this and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release.
• Noninterest income of $23.3 million for the three months ended December 31, 2019 represented a $3.8 million increase over the linked quarter. The increase was primarily due to increases of $3.3 million and $846 thousand in capital markets revenue and fees for wealth management services, respectively. Partially offsetting these increases were decreases of $176 thousand and $121 thousand in insurance commissions and other operating income, respectively. The increase in capital markets revenue was primarily due to increased volume and size of interest rate swap transactions with commercial loan customers for the three months ended December 31, 2019 as compared to the linked quarter.

2

• Noninterest expense of $36.4 million for the three months ended December 31, 2019 represented a $1.3 million increase over the linked quarter. Contributing to the increase were increases of $902 thousand, $710 thousand, $273 thousand, $198 thousand, and $140 thousand in salaries and wages, professional fees, other operating expense, occupancy and bank premises expense, and data processing expense, respectively. Partially offsetting these increases were decreases of $603 thousand and $472 thousand in employee benefits and Pennsylvania bank shares tax expense, respectively.
• The Provision increased $1.3 million for the three months ended December 31, 2019 to $2.2 million, as compared to $919 thousand for the third quarter of 2019. Net loan and lease charge-offs for the fourth quarter of 2019 totaled $400 thousand as compared to $1.3 million for the third quarter of 2019. The decrease in net charge-offs was largely the result of a $1.1 million recovery, during the fourth quarter of 2019, on a commercial mortgage loan which had been partially charged off in the first quarter of 2019. The effect of the $924 thousand decrease in net charge-offs on a linked quarter basis was partially offset by the increase in Provision recorded for originated loan growth during the fourth quarter of 2019. Originated loans and leases increased by $183.0 million, or 5.8%, during the fourth quarter of 2019, as compared to an increase of $48.9 million, or 1.6%, during the third quarter of 2019.
• The effective tax rate for the fourth quarter of 2019 decreased to 20.41% as compared to 21.20% for the third quarter of 2019.

Results of Operations - Fourth Quarter 2019 Compared to Fourth Quarter 2018

• Net income for the three months ended December 31, 2019 was $16.4 million, or $0.81 diluted earnings per share, as compared to net income of $17.1 million, or diluted earnings per share of $0.84 for the same period in 2018. Net interest income for the three months ended December 31, 2019 was $36.0 million, a decrease of $2.0 million as compared to the same period in 2018. The Provision for the three months ended December 31, 2019 decreased $137 thousand as compared to the same period in 2018. Total noninterest income increased $5.2 million, total noninterest expense increased $1.6 million, and income tax expense increased $2.5 million for the three months ended December 31, 2019 as compared to the same period in 2018.
• Net interest income for the three months ended December 31, 2019 was $36.0 million, a decrease of $2.0 million as compared to the same period in 2018. Tax-equivalent net interest income for the three months ended December 31, 2019 was $36.1 million, a decrease of $2.0 million as compared to the same period in 2018. Tax- equivalent net interest income for the fourth quarter of 2019 was positively impacted by the accretion of purchase accounting fair value marks of $1.1 million as compared to $2.7 million for the same period in 2018. Excluding the effects of these purchase accounting fair value marks, the adjusted tax-equivalent net interest income for the three months ended December 31, 2019 was $35.0 million, a decrease of $406 thousand as compared to the same period in 2018. A reconciliation of this and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release. The decrease in adjustment for purchase accounting was primarily due to an increase of $1.5 million in interest paid on deposits for the three months ended December 31, 2019 as compared to the same period in 2018, partially offset by increases of $517 thousand and $222 thousand in tax-equivalent interest and fees earned on loans and leases and tax-equivalent interest earned on available for sale investment securities, respectively, for the three months ended December 31, 2019 as compared to the same period in 2018.
  Tax-equivalent interest and fees earned on loans and leases for the three months ended December 31, 2019 decreased $948 thousand as compared to the same period in 2018. The decrease was primarily due to a 39 basis point decrease in tax-equivalent yield on average loans and leases for the three months ended December 31, 2019 as compared to the same period in 2018. The decrease in tax-equivalent yield was primarily due to the decreases in prime loan rates observed during the second half of the year, driven by the current interest rate environment, which affected yields on new originations and refinancing, as well as existing adjustable rate loans. The effect of the decrease in tax-equivalent yield was partially offset by an increase of $199.1 million in average loans and leases for the three months ended December 31, 2019 as compared to same period in 2018.

3

Tax-equivalent interest income on available for sale investment securities for the three months ended December 31, 2019 increased $222 thousand as compared to the same period in 2018. Average available for sale investment securities increased by $34.9 million and experienced a one basis point tax-equivalent yield increase, in each case as compared to the same period in 2018.

Interest expense on short-term borrowings and long-term FHLB advances for the three months ended December 31, 2019 decreased $126 thousand and $52 thousand, respectively, as compared to the same period in 2018. Average short-term borrowings decreased $6.8 million coupled with a 29 basis point decrease in the rate paid for the three months ended December 31, 2019 as compared to the same period in 2018. Average long-term FHLB advances decreased $13.9 million, offset by a 12 basis point increase in the rate paid for the three months ended December 31, 2019 as compared to the same period in 2018.

Interest expense on deposits for the three months ended December 31, 2019 increased $1.6 million as compared to the same period in 2018. The increase was primarily due to a 16 basis point increase in the rate paid on deposits coupled with a $196.6 million increase in average interest-bearing deposits for the three months ended December 31, 2019 as compared to the same period in 2018.

• The tax-equivalent net interest margin was 3.36% for the three months ended December 31, 2019 as compared to 3.79% for the same period in 2018. Adjusting for the impacts of the accretion of purchase accounting fair value marks, the adjusted tax-equivalent net interest margin was 3.26% and 3.52% for three months ended December 31, 2019 and 2018, respectively. The main drivers for the decrease in the adjusted tax-equivalent net interest margin were the rate and volume changes of interest-bearing assets and liabilities as discussed in the above bullet points. A reconciliation of this and other non-GAAP to GAAP performance measures is included in the appendix to this earnings release.
• Noninterest income of $23.3 million for the three months ended December 31, 2019 represented a $5.2 million increase over the same period in 2018. The increase was primarily due to increases of $4.1 million, $1.1 million, $655 thousand, and $207 thousand in capital markets revenue, other operating income, fees for wealth management services, and insurance commissions, respectively, partially offset by a decrease of $1.0 million in net gain on sale of loans. The increase in capital markets revenue was primarily due to increased volume and size of interest rate swap transactions with commercial loan customers for the three months ended December 31, 2019 as compared to the same period in 2018.
• Noninterest expense of $36.4 million for the three months ended December 31, 2019 represented a $1.6 million increase over the same period in 2018. Contributing to the increase were increases of $1.0 million, $746 thousand, $228 thousand, and $177 thousand in other operating expense, salaries and wages, professional fees, and data processing expense, respectively. Partially offsetting these increases were decreases of $332 thousand and $292 thousand in Pennsylvania bank shares tax expense and employee benefits, respectively.
• The Provision decreased by $137 thousand for the three months ended December 31, 2019 to $2.2 million, as compared to $2.4 million for the same period in 2018. The decrease in Provision was related to the reduced level of net loan and lease charge-offs during the fourth quarter of 2019, which totaled $400 thousand, as compared to $1.6 million for the same period in 2018. The decrease in net charge-offs on a year-over-year basis was largely the result of a $1.1 million recovery, during the fourth quarter of 2019, on a commercial mortgage loan which had been partially charged off in the first quarter of 2019. The effect of the decreased level of net charge-offs was partially offset by the increase in Provision recorded for originated loan growth during the fourth quarter of 2019. Originated loans and leases increased by $183.0 million, or 5.8%, during the fourth quarter of 2019, as compared to an increase of $133.1 million, or 4.8%, during the same period in 2018.
• The effective tax rate for the fourth quarter of 2019 increased as compared to the fourth quarter of 2018. The increase in the effective tax rate was primarily due to a $2.6 million tax benefit recorded in the fourth quarter of 2018 for certain discrete items included on our 2017 tax return which was filed during the fourth quarter of 2018. The effective tax rate for the years ended December 31, 2019 and December 31, 2018, excluding discrete income tax benefits, was 21.06% and 21.66%, respectively.

4

Financial Condition - December 31, 2019 Compared to December 31, 2018

• Total assets as of December 31, 2019 were $5.26 billion, an increase of $610.8 million from December 31, 2018. The increase is primarily due to the increases in portfolio loans and leases and available for sale investment securities discussed in the bullet points below, as well as $41.0 million of operating lease right-of- use assets as of December 31, 2019 included on the balance sheet as a result of a required accounting pronouncement adopted in the first quarter of 2019.
• Available for sale investment securities as of December 31, 2019 totaled $1.01 billion, an increase of $268.5 million from December 31, 2018. The increase was primarily due to the purchase of $500.0 million of short- term U.S. Treasury securities included on the balance sheet as of December 31, 2019, an increase of $300.0 million as compared to $200.0 million as of December 31, 2018. This increase in U.S. Treasury securities coupled with a $76.1 million increase in mortgage-backed securities, respectively, were partially offset by decreases of $93.8 million, $7.4 million, and $6.0 million in U.S. government and agency securities, collateralized mortgage obligations, and state & political subdivision securities, respectively.
• Total portfolio loans and leases of $3.69 billion as of December 31, 2019 increased by $262.2 million from December 31, 2018, an increase of 7.6%. Increases of $256.0 million, $20.5 million, $13.7 million, and $10.3 million in commercial mortgages, leases, commercial and industrial loans, and consumer loans, respectively, were offset by decreases of $21.2 million, $12.7 million, and $4.5 million in construction loans, home equity loans and lines, and residential mortgages, respectively.
• The allowance for loan and lease losses (the "Allowance") as of December 31, 2019 was $22.6 million, or 0.61% of portfolio loans and leases, as compared to $19.4 million, or 0.57% of portfolio loans and leases, as of December 31, 2018. In addition to the ratio of Allowance to portfolio loans and leases, management also calculates two non-GAAP measures: the Allowance for originated loans and leases as a percentage of originated loans and leases, which was 0.68% as of December 31, 2019, as compared to 0.67% as of December 31, 2018, and the Allowance plus the remaining loan mark as a percentage of gross loans, which was 0.91% as of December 31, 2019, as compared to 1.08% as of December 31, 2018. A reconciliation of these and other non- GAAP to GAAP performance measures is included in the appendix to this earnings release.
  On January 1, 2020, the Corporation adopted ASU 2016-13 (Topic 326), Measurement of Credit Losses on Financial Instruments, or "CECL." Management is finalizing certain key assumptions to be used in our CECL model and methodologies, however we expect an initial increase to the allowance for credit losses for loans and leases ("ACL") not to exceed 130% of the December 31, 2019 Allowance, or an incremental increase to the December 31, 2019 Allowance of approximately $6.8 million. When finalized, this one-time increase to the ACL as a result of the adoption of the CECL model will be recorded, net of tax, as an adjustment to retained earnings effective January 1, 2020. This estimate is subject to change based on continuing refinement and validation of the model and methodologies as well as changes in forecasted macroeconomic conditions. Ongoing impacts of the CECL methodology will be dependent upon changes in economic conditions and forecasts, originated and acquired loan and lease portfolio composition, portfolio duration, and other factors.
• Deposits of $3.84 billion as of December 31, 2019 increased $243.2 million from December 31, 2018. Increases of $280.2 million, $243.8 million, and $122.8 million in interest-bearing demand accounts, money market accounts, and wholesale non-maturity deposits, respectively, were offset by decreases of $236.0 million, $137.6 million, $26.6 million, and $3.4 million in wholesale time deposits, retail time deposits, savings accounts, and noninterest bearing deposits, respectively.
• Borrowings of $665.9 million as of December 31, 2019, which include short-term borrowings, long-term FHLB advances, subordinated notes and junior subordinated debentures increased $238.1 million from December 31, 2018, primarily due to an increase of $240.9 million in short-term borrowings.
• Wealth assets under management, administration, supervision and brokerage ("wealth assets") totaled $16.55 billion as of December 31, 2019, an increase of $3.12 billion from December 31, 2018. Wealth assets consisted of $9.57 billion of wealth assets where fees are set at fixed amounts and $6.98 billion of wealth assets where fees are predominantly determined based on the market value of the assets held in their accounts as of December 31, 2019, an increase of $1.91 billion and $1.21 billion, respectively, from December 31, 2018.

5

• The capital ratios for the Bank and the Corporation, as of December 31, 2019, as shown in the attached tables, indicate regulatory capital levels in excess of the regulatory minimums and the levels necessary for the Bank to be considered "well capitalized."

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 Corporation's future plans, objectives, performance, revenues, growth, profits, operating expenses or the Corporation's underlying assumptions. The words "may," "would," "should," "could," "will," "likely," "possibly," "expect," "anticipate," "intend," "indicate," "estimate," "target," "potentially," "promising," "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 Corporation's 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 Corporation's 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 or or accounting standards, including ASU 2016-13 (Topic 326), "Measurement of Credit Losses on Financial Instruments," commonly referenced as the Current Expected Credit Loss ("CECL") model, which will change how we estimate credit losses and may increase the required level of our allowance for credit losses after adoption on January 1, 2020; unanticipated regulatory or legal proceedings, outcomes of litigation or other contingencies; cybersecurity events; 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; material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; uncertainty regarding the future of LIBOR; and other factors as described in our securities filings. All forward-looking statements and information set forth herein are based on management's 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 updated by our quarterly or other reports subsequently filed with the U.S. Securities and Exchange Commission.

# # # #

6

Bryn Mawr Bank Corporation

Summary Financial Information (unaudited) (dollars in thousands, except per share data)

					As of or For the Three Months Ended					For the Twelve Months Ended
	December 31,		September 30,			June 30,			March 31,		December 31,		December 31,		December 31,
Consolidated Balance Sheet (selected items)		2019			2019			2019			2019			2018	2019	2018
Interest-bearing deposits with banks	$	42,328	$	86,158	$	49,643	$	29,449	$	34,357
Investment securities		1,027,182			625,452			606,844			578,629			753,628
Loans held for sale		4,249			5,767			6,333			2,884			1,749
Portfolio loans and leases		3,689,313			3,540,747			3,534,665			3,523,514			3,427,154
Allowance for loan and lease losses ("ALLL")		(22,602)			(20,777)			(21,182)			(20,616)			(19,426)
Goodwill and other intangible assets		203,143			204,096			205,050			206,006			207,467
Total assets		5,263,259			4,828,641			4,736,565			4,631,993			4,652,485
Deposits - interest-bearing		2,944,072			2,794,079			2,691,502			2,755,307			2,697,468
Deposits - non-interest-bearing		898,173			904,409			940,911			882,310			901,619
Short-term borrowings		493,219			203,471			207,828			124,214			252,367
Long-term FHLB advances		52,269			44,735			47,941			55,407			55,374
Subordinated notes		98,705			98,660			98,616			98,571			98,526
Jr. subordinated debentures		21,753			21,709			21,665			21,622			21,580
Total liabilities		4,651,032			4,227,706			4,146,410			4,056,886			4,087,781
Total shareholders' equity		612,227			600,935			590,155			575,107			564,704
Average Balance Sheet (selected items)
Interest-bearing deposits with banks		66,060			48,597			37,843			32,742			38,957	46,408	37,550
Investment securities		593,289			622,336			587,518			569,915			554,265	593,409	546,549
Loans held for sale		4,160			4,375			3,353			1,214			2,005	3,286	3,551
Portfolio loans and leases		3,594,449			3,528,548			3,520,866			3,476,525			3,397,479	3,530,416	3,352,744
Total interest-earning assets		4,257,958			4,203,856			4,149,580			4,080,396			3,992,706	4,173,519	3,940,394
Goodwill and intangible assets		203,663			204,637			205,593			206,716			207,893	205,143	207,343
Total assets		4,775,407			4,760,074			4,651,625			4,545,129			4,413,000	4,683,901	4,352,122
Deposits - interest-bearing		2,799,050			2,776,226			2,794,854			2,674,194			2,602,412	2,761,463	2,506,557
Short-term borrowings		121,612			169,985			68,529			157,652			128,429	129,457	178,582
Long-term FHLB advances		53,443			45,698			52,397			55,385			67,363	51,709	93,503
Subordinated notes		98,681			98,634			98,587			98,542			98,497	98,612	98,462
Jr. subordinated debentures		21,726			21,680			21,637			21,595			21,553	21,660	21,491
Total interest-bearing liabilities		3,094,512			3,112,223			3,036,004			3,007,368			2,918,254	3,062,901	2,898,595
Total liabilities		4,168,899			4,164,763			4,070,160			3,973,043			3,856,694	4,094,946	3,810,537
Total shareholders' equity		606,508			595,311			581,465			572,086			556,306	588,955	541,585

7

Bryn Mawr Bank Corporation

Summary Financial Information (unaudited) (dollars in thousands, except per share data)

				As of or For the Three Months Ended				For the Twelve Months Ended
		December 31,	September 30,		June 30,		March 31,		December 31,		December 31,		December 31,
		2019		2019		2019		2019		2018		2019		2018
Income Statement
Net interest income	$	35,985	$	37,398	$	36,611	$	37,647	$	37,987	$	147,641	$	149,471
Provision for loan and lease losses		2,225		919		1,627		3,736		2,362		8,507		7,193
Noninterest income		23,255		19,455		20,221		19,253		18,097		82,184		75,982
Noninterest expense		36,430		35,173		35,188		39,724		34,845		146,515		140,303
Income tax expense		4,202		4,402		4,239		2,764		1,746		15,607		14,165
Net income		16,383		16,359		15,778		10,676		17,131		59,196		63,792
Net loss attributable to noncontrolling interest		(1)		(1)		(7)		(1)		(5)		(10)		-
Net income attributable to Bryn Mawr Bank Corporation		16,384		16,360		15,785		10,677		17,136		59,206		63,792
Basic earnings per share		0.81		0.81		0.78		0.53		0.85		2.94		3.15
Diluted earnings per share		0.81		0.81		0.78		0.53		0.84		2.93		3.13
Net income (core) (1)		16,384		16,360		15,785		14,230		17,167		62,759		70,620
Basic earnings per share (core) (1)		0.81		0.81		0.78		0.71		0.85		3.12		3.49
Diluted earnings per share (core) (1)		0.81		0.81		0.78		0.70		0.84		3.10		3.46
Dividends paid or accrued per share		0.26		0.26		0.26		0.25		0.25		1.03		0.94
Profitability Indicators
Return on average assets		1.36 %		1.36 %		1.36 %		0.95 %		1.54 %		1.26 %		1.47 %
Return on average equity		10.72 %		10.90 %		10.89 %		7.57 %		12.22 %		10.05 %		11.78 %
Return on tangible equity(1)		16.85 %		17.35 %		17.62 %		12.65 %		20.37 %		16.18 %		19.91 %
Return on tangible equity (core)(1)		16.85 %		17.35 %		17.62 %		16.59 %		20.40 %		17.10 %		21.95 %
Return on average assets (core)(1)		1.36 %		1.36 %		1.36 %		1.27 %		1.54 %		1.34 %		1.62 %
Return on average equity (core)(1)		10.72 %		10.90 %		10.89 %		10.09 %		12.24 %		10.66 %		13.04 %
Tax-equivalent net interest margin		3.36 %		3.54 %		3.55 %		3.75 %		3.79 %		3.55 %		3.80 %
Efficiency ratio(1)		59.89 %		60.19 %		60.23 %		60.26 %		60.35 %		60.14 %		57.17 %
Share Data
Closing share price	$	41.24	$	36.51	$	37.32	$	36.13	$	34.40
Book value per common share	$	30.42	$	29.86	$	29.31	$	28.52	$	28.01
Tangible book value per common share	$	20.36	$	19.75	$	19.16	$	18.34	$	17.75
Price / book value		135.57 %		122.27 %		127.33 %		126.68 %		122.81 %
Price / tangible book value		202.55 %		184.86 %		194.78 %		197.00 %		193.80 %
Weighted average diluted shares outstanding		20,213,008		20,208,630		20,244,409		20,271,661		20,321,283		20,233,371		20,390,167
Shares outstanding, end of period		20,126,296		20,124,193		20,131,854		20,167,729		20,163,816
Wealth Management Information:
Wealth assets under mgmt, administration, supervision and brokerage (2)	$	16,548,060	$	15,609,786	$	14,815,298	$	14,736,512	$	13,429,544
Fees for wealth management services	$	11,672	$	10,826	$	11,510	$	10,392	$	11,017

8

Bryn Mawr Bank Corporation

Summary Financial Information (unaudited) (dollars in thousands, except per share data)

		As of or For the Three Months Ended		For the Twelve Months Ended
	December 31,	September 30,	June 30,	March 31,	December 31,	December 31,	December 31,
Capital Ratios(3)	2019	2019	2019	2019	2018	2019	2018
Bryn Mawr Trust Company ("BMTC")
Tier I capital to risk weighted assets ("RWA")	11.48 %	12.17 %	11.83 %	11.30 %	11.42 %
Total capital to RWA	12.09 %	12.75 %	12.42 %	11.87 %	11.99 %
Tier I leverage ratio	9.37 %	9.75 %	9.61 %	9.48 %	9.48 %
Tangible equity ratio (1)	8.58 %	9.75 %	9.58 %	9.34 %	8.95 %
Common equity Tier I capital to RWA	11.48 %	12.17 %	11.83 %	11.30 %	11.42 %
Bryn Mawr Bank Corporation ("BMBC")
Tier I capital to RWA	11.43 %	11.33 %	11.12 %	10.72 %	10.92 %
Total capital to RWA	14.70 %	14.61 %	14.44 %	14.00 %	14.30 %
Tier I leverage ratio	9.33 %	9.07 %	9.04 %	8.99 %	9.06 %
Tangible equity ratio (1)	8.10 %	8.60 %	8.51 %	8.35 %	8.05 %
Common equity Tier I capital to RWA	10.87 %	10.75 %	10.54 %	10.14 %	10.32 %

Asset Quality Indicators

Net loan and lease charge-offs ("NCO"s)

Nonperforming loans and leases ("NPL"s)

Other real estate owned ("OREO")

Total nonperforming assets ("NPA"s)

Nonperforming loans and leases 30 or more days past due Performing loans and leases 30 to 89 days past due Performing loans and leases 90 or more days past due

Total delinquent loans and leases

Delinquent loans and leases to total loans and leases Delinquent performing loans and leases to total loans and leases NCOs / average loans and leases (annualized)

NPLs / total portfolio loans and leases NPAs / total loans and leases and OREO NPAs / total assets

ALLL / NPLs

ALLL / portfolio loans

ALLL for originated loans and leases / Originated loans and leases (1) (Total ALLL + Loan mark) / Total Gross portfolio loans and leases (1)

Troubled debt restructurings ("TDR"s) included in NPLs TDRs in compliance with modified terms

Total TDRs

$	400	$	1,324	$	1,061	$	2,546	$	1,620	$	5,331	$	5,292
$	10,648	$	14,119	$	12,179	$	19,283	$	12,820
	-			72			155			84			417
$	10,648	$	14,191	$	12,334	$	19,367	$	13,237
$	6,314	$	4,940	$	8,224	$	8,489	$	7,765
	7,196			5,273			9,466			6,432			5,464
	-			-			-			-			-
$	13,510	$	10,213	$	17,690	$	14,921	$	13,229
	0.37 %			0.29 %			0.50 %			0.42 %			0.39 %
	0.19 %			0.15 %			0.27 %			0.18 %			0.16 %
	0.04 %			0.15 %			0.12 %			0.30 %			0.19 %		0.15 %		0.16 %
	0.29 %			0.40 %			0.34 %			0.55 %			0.37 %
	0.29 %			0.40 %			0.35 %			0.55 %			0.39 %
	0.20 %			0.29 %			0.26 %			0.42 %			0.28 %
	212.27 %			147.16 %			173.92 %			106.91 %			151.53 %
	0.61 %			0.59 %			0.60 %			0.59 %			0.57 %
	0.68 %			0.66 %			0.68 %			0.68 %			0.67 %
	0.91 %			0.92 %			1.00 %			1.03 %			1.08 %
$	3,018	$	5,755	$	4,190	$	4,057	$	1,217
	5,071			5,069			5,141			5,149			9,745
$	8,089	$	10,824	$	9,331	$	9,206	$	10,962

1. Non-GAAPmeasure - see Appendix for Non-GAAP to GAAP reconciliation.
2. Brokerage assets represent assets held at a registered broker dealer under a clearing agreement.
3. Capital Ratios for the current quarter are to be considered preliminary until the Call Reports are filed.

9

Bryn Mawr Bank Corporation Detailed Balance Sheets (unaudited) (dollars in thousands)

		December 31,		September 30,			June 30,			March 31,			December 31,
Assets		2019			2019			2019			2019			2018
Cash and due from banks	$	11,603	$	8,582	$	13,742	$	13,656	$	14,099
Interest-bearing deposits with banks		42,328			86,158			49,643			29,449			34,357
Cash and cash equivalents		53,931			94,740			63,385			43,105			48,456
Investment securities, available for sale		1,005,984			604,181			588,119			559,983			737,442
Investment securities, held to maturity		12,577			12,947			10,209			10,457			8,684
Investment securities, trading		8,621			8,324			8,516			8,189			7,502
Loans held for sale		4,249			5,767			6,333			2,884			1,749
Portfolio loans and leases, originated		3,320,816			3,137,769			3,088,849			3,032,270			2,885,251
Portfolio loans and leases, acquired		368,497			402,978			445,816			491,244			541,903
Total portfolio loans and leases		3,689,313			3,540,747			3,534,665			3,523,514			3,427,154
Less: Allowance for losses on originated loan and leases		(22,526)			(20,675)			(21,076)			(20,519)			(19,329)
Less: Allowance for losses on acquired loan and leases		(76)			(102)			(106)			(97)			(97)
Total allowance for loan and lease losses		(22,602)			(20,777)			(21,182)			(20,616)			(19,426)
Net portfolio loans and leases		3,666,711			3,519,970			3,513,483			3,502,898			3,407,728
Premises and equipment		64,965			66,439			68,092			67,279			65,648
Operating lease right-of-use assets		40,961			42,200			43,116			43,985			-
Accrued interest receivable		12,482			12,746			13,312			13,123			12,585
Mortgage servicing rights		4,450			4,580			4,744			4,910			5,047
Bank owned life insurance		59,079			58,749			58,437			58,138			57,844
Federal Home Loan Bank ("FHLB") stock		23,744			16,148			14,677			10,526			14,530
Goodwill		184,012			184,012			184,012			184,012			184,012
Intangible assets		19,131			20,084			21,038			21,994			23,455
Other investments		16,683			16,683			16,517			16,526			16,526
Other assets		85,679			161,071			122,575			83,984			61,277
Total assets	$	5,263,259		$	4,828,641		$	4,736,565		$	4,631,993		$	4,652,485
Liabilities
Deposits
Noninterest-bearing	$	898,173	$	904,409	$	940,911	$	882,310	$	901,619
Interest-bearing		2,944,072			2,794,079			2,691,502			2,755,307			2,697,468
Total deposits		3,842,245			3,698,488			3,632,413			3,637,617			3,599,087
Short-term borrowings		493,219			203,471			207,828			124,214			252,367
Long-term FHLB advances		52,269			44,735			47,941			55,407			55,374
Subordinated notes		98,705			98,660			98,616			98,571			98,526
Jr. subordinated debentures		21,753			21,709			21,665			21,622			21,580
Operating lease liabilities		45,258			46,506			47,393			48,224			-
Accrued interest payable		6,248			9,015			8,244			8,674			6,652
Other liabilities		91,335			105,122			82,310			62,557			54,195
Total liabilities		4,651,032			4,227,706			4,146,410			4,056,886			4,087,781
Shareholders' equity
Common stock		24,650			24,646			24,583			24,577			24,545
Paid-in capital in excess of par value		378,606			377,806			376,652			375,655			374,010
Less: common stock held in treasury, at cost		(81,174)			(81,089)			(78,583)			(76,974)			(75,883)
Accumulated other comprehensive income (loss), net of tax		2,187			2,698			1,700			(3,278)			(7,513)
Retained earnings		288,653			277,568			266,496			255,813			250,230
Total Bryn Mawr Bank Corporation shareholders' equity		612,922			601,629			590,848			575,793			565,389
Noncontrolling interest		(695)			(694)			(693)			(686)			(685)
Total shareholders' equity		612,227			600,935			590,155			575,107			564,704
Total liabilities and shareholders' equity	$	5,263,259		$	4,828,641		$	4,736,565		$	4,631,993		$	4,652,485

10

Bryn Mawr Bank Corporation

Supplemental Balance Sheet Information (unaudited) (dollars in thousands)

				Portfolio Loans and Leases as of
	December 31,	September 30,		June 30,		March 31,	December 31,
		2019		2019		2019		2019		2018
Commercial mortgages	$	1,913,430	$	1,762,382	$	1,755,798	$	1,746,695	$	1,657,436
Home equity loans and lines		194,640		198,030		203,852		204,791		207,351
Residential mortgages		489,903		505,304		506,093		502,379		494,355
Construction		159,867		151,593		152,554		159,761		181,078
Total real estate loans		2,757,840		2,617,309		2,618,297		2,613,626		2,540,220
Commercial & Industrial		709,257		709,808		704,167		705,701		695,584
Consumer		57,138		50,481		49,335		47,821		46,814
Leases		165,078		163,149		162,866		156,366		144,536
Total non-real estate loans and leases		931,473		923,438		916,368		909,888		886,934
Total portfolio loans and leases	$	3,689,313	$	3,540,747	$	3,534,665	$	3,523,514	$	3,427,154

				Nonperforming Loans and Leases as of
	December 31,	September 30,		June 30,		March 31,	December 31,
		2019		2019		2019		2019		2018
Commercial mortgages	$	4,270	$	7,819	$	6,072	$	5,558	$	2,568
Home equity loans and lines		779		790		49		6,904		3,616
Residential mortgages		318		301		701		2,863		3,452
Construction		-		-		-		-		-
Total nonperforming real estate loans		5,367		8,910		6,822		15,325		9,636
Commercial & Industrial		4,337		4,141		4,495		2,965		2,101
Consumer		61		75		60		80		108
Leases		883		993		802		913		975
Total nonperforming non-real estate loans and leases		5,281		5,209		5,357		3,958		3,184
Total nonperforming portfolio loans and leases	$	10,648	$	14,119	$	12,179	$	19,283	$	12,820

		Net Loan and Lease Charge-Offs (Recoveries) for the Three Months Ended
	December 31,	September 30,		June 30,		March 31,	December 31,
		2019		2019		2019		2019		2018
Commercial mortgage	$	(781)	$	656	$	(3)	$	1,373	$	249
Home equity loans and lines		33		(22)		180		46		107
Residential		95		(7)		339		329		304
Construction		(1)		(1)		(1)		(1)		-
Total net charge-offs of real estate loans		(654)		626		515		1,747		660
Commercial & Industrial		248		8		(18)		391		298
Consumer		223		181		119		94		147
Leases		583		509		445		314		515
Total net charge-offs of non-real estate loans and leases		1,054		698		546		799		960
Total net charge-offs	$	400	$	1,324	$	1,061	$	2,546	$	1,620

11

Bryn Mawr Bank Corporation

Supplemental Balance Sheet Information (unaudited) (dollars in thousands)

		Investment Securities Available for Sale, at Fair Value
	December 31,	September 30,		June 30,		March 31,	December 31,
		2019		2019		2019		2019		2018
U.S. Treasury securities	$	500,101	$	101	$	101	$	100	$	200,013
Obligations of the U.S. Government and agencies		102,020		172,753		192,799		186,746		195,855
State & political subdivisions - tax-free		5,379		6,327		6,700		8,468		11,162
State & political subdivisions - taxable		-		-		170		170		170
Mortgage-backed securities		366,002		388,891		348,975		322,913		289,890
Collateralized mortgage obligations		31,832		35,459		38,724		40,486		39,252
Other debt securities		650		650		650		1,100		1,100
Total investment securities available for sale, at fair value	$	1,005,984	$	604,181	$	588,119	$	559,983	$	737,442

		Unrealized Gain (Loss) on Investment Securities Available for Sale
	December 31,	September 30,		June 30,		March 31,	December 31,
		2019		2019		2019		2019		2018
U.S. Treasury securities	$	35	$	1	$	1	$	-	$	(13)
Obligations of the U.S. Government and agencies		(159)		188		275		(1,334)		(2,749)
State & political subdivisions - tax-free		13		8		8		(5)		(39)
State & political subdivisions - taxable		-		-		-		-		(1)
Mortgage-backed securities		5,025		4,605		3,364		(696)		(4,186)
Collateralized mortgage obligations		36		180		89		(510)		(898)
Other debt securities		-		-		-		-		-
Total unrealized gains (losses) on investment securities available for sale	$	4,950	$	4,982	$	3,737	$	(2,545)	$	(7,886)

						Deposits
	December 31,	September 30,		June 30,		March 31,	December 31,
Interest-bearing deposits:		2019		2019		2019		2019		2018
Interest-bearing demand	$	944,915	$	778,809	$	745,134	$	664,683	$	664,749
Money market		1,106,478		983,170		966,596		961,348		862,644
Savings		220,450		248,539		263,830		265,613		247,081
Retail time deposits		405,123		467,346		502,745		531,522		542,702
Wholesale non-maturity deposits		177,865		274,121		100,047		47,744		55,031
Wholesale time deposits		89,241		42,094		113,150		284,397		325,261
Total interest-bearing deposits		2,944,072		2,794,079		2,691,502		2,755,307		2,697,468
Noninterest-bearing deposits		898,173		904,409		940,911		882,310		901,619
Total deposits	$	3,842,245	$	3,698,488	$	3,632,413	$	3,637,617	$	3,599,087

12

Bryn Mawr Bank Corporation Detailed Income Statements (unaudited) (dollars in thousands, except per share data)

					For the Three Months Ended							For the Twelve Months Ended
		December 31,			September 30,			June 30,			March 31,			December 31,			December 31,			December 31,
		2019			2019			2019			2019			2018			2019			2018
Interest income:
Interest and fees on loans and leases	$	43,220	$	45,527	$	44,783	$	44,837	$	44,157	$	178,367	$	168,638
Interest on cash and cash equivalents		195			143			73			132			83			543			264
Interest on investment securities		3,545			3,903			3,532			3,499			3,294			14,479			12,153
Total interest income		46,960			49,573			48,388			48,468			47,534			193,389			181,055
Interest expense:
Interest on deposits		8,674			9,510			9,655			8,097			7,048			35,936			20,552
Interest on short-term borrowings		555			937			357			943			681			2,792			3,392
Interest on FHLB advances		279			243			269			278			331			1,069			1,777
Interest on jr. subordinated debentures		323			340			352			358			342			1,373			1,288
Interest on subordinated notes		1,144			1,145			1,144			1,145			1,145			4,578			4,575
Total interest expense		10,975			12,175			11,777			10,821			9,547			45,748			31,584
Net interest income		35,985			37,398			36,611			37,647			37,987			147,641			149,471
Provision for loan and lease losses (the "Provision")		2,225			919			1,627			3,736			2,362			8,507			7,193
Net interest income after Provision		33,760			36,479			34,984			33,911			35,625			139,134			142,278
Noninterest income:
Fees for wealth management services		11,672			10,826			11,510			10,392			11,017			44,400			42,326
Insurance commissions		1,666			1,842			1,697			1,672			1,459			6,877			6,808
Capital markets revenue		5,455			2,113			1,489			2,219			1,367			11,276			4,848
Service charges on deposits		858			856			852			808			798			3,374			2,989
Loan servicing and other fees		489			555			553			609			539			2,206			2,259
Net gain on sale of loans		597			674			752			319			1,606			2,342			3,283
Net gain on sale of investment securities available for sale		-			-			-			-			-			-			7
Net (loss) gain on sale of other real estate owned		(48)			(12)			-			(24)			3			(84)			295
Dividends on FHLB and FRB stocks		432			346			316			411			305			1,505			1,621
Other operating income		2,134			2,255			3,052			2,847			1,003			10,288			11,546
Total noninterest income		23,255			19,455			20,221			19,253			18,097			82,184			75,982
Noninterest expense:
Salaries and wages		18,667			17,765			17,038			20,901			17,921			74,371			66,671
Employee benefits		2,685			3,288			3,317			4,166			2,977			13,456			12,918
Occupancy and bank premises		3,206			3,008			3,125			3,252			3,135			12,591			11,599
Furniture, fixtures and equipment		2,401			2,335			2,568			2,389			2,370			9,693			8,407
Advertising		599			587			504			415			540			2,105			1,719
Amortization of intangible assets		953			954			956			938			997			3,801			3,656
Impairment (recovery) of mortgage servicing rights ("MSRs")		13			(19)			10			17			101			21			27
Due diligence, merger-related and merger integration expenses		-			-			-			-			-			-			7,761
Professional fees		1,754			1,044			1,316			1,320			1,526			5,434			4,203
Pennsylvania bank shares tax		42			514			513			409			374			1,478			1,792
Data processing		1,517			1,377			1,303			1,320			1,340			5,517			4,942
Other operating expenses		4,593			4,320			4,538			4,597			3,564			18,048			16,608
Total noninterest expense		36,430			35,173			35,188			39,724			34,845			146,515			140,303
Income before income taxes		20,585			20,761			20,017			13,440			18,877			74,803			77,957
Income tax expense		4,202			4,402			4,239			2,764			1,746			15,607			14,165
Net income	$	16,383	$	16,359	$	15,778	$	10,676	$	17,131	$	59,196	$	63,792
Net loss attributable to noncontrolling interest		(1)			(1)			(7)			(1)			(5)			(10)			-
Net income attributable to Bryn Mawr Bank Corporation	$	16,384		$	16,360		$	15,785		$	10,677		$	17,136		$	59,206		$	63,792
Per share data:
Weighted average shares outstanding		20,124,553			20,132,117			20,144,651			20,168,498			20,225,993			20,142,306			20,234,792
Dilutive common shares		88,455			76,513			99,758			103,163			95,290			91,065			155,375
Weighted average diluted shares		20,213,008			20,208,630			20,244,409			20,271,661			20,321,283			20,233,371			20,390,167
Basic earnings per common share	$	0.81	$	0.81	$	0.78	$	0.53	$	0.85	$	2.94	$	3.15
Diluted earnings per common share	$	0.81	$	0.81	$	0.78	$	0.53	$	0.84	$	2.93	$	3.13
Dividends paid or accrued per share	$	0.26	$	0.26	$	0.26	$	0.25	$	0.25	$	1.03	$	0.94
Effective tax rate		20.41 %			21.20 %			21.18 %			20.57 %			9.25 %			20.86 %			18.17 %

13

Bryn Mawr Bank Corporation Tax-EquivalentNet Interest Margin (unaudited) (dollars in thousands, except per share data)

											For the Three Months Ended														For the Twelve Months Ended
	December 31, 2019	September 30, 2019	June 30, 2019		March 31, 2019	December 31, 2018		December 31, 2019	December 31, 2018
		Interest	Average		Interest	Average		Interest	Average		Interest	Average		Interest	Average			Interest	Average		Interest	Average
		Rates		Rates		Rates		Rates		Rates			Rates		Rates
	Average	Income/	Average	Income/	Average	Income/	Average	Income/	Average	Income/		Average	Income/	Average	Income/
	Earned/	Earned/	Earned/	Earned/	Earned/		Earned/	Earned/
(dollars in thousands)	Balance	Expense	Balance	Expense	Balance	Expense	Balance	Expense	Balance	Expense		Balance	Expense	Balance	Expense
Paid	Paid	Paid	Paid	Paid		Paid	Paid
Assets:
Interest-bearing deposits with other	$ 66,060	$	195		1.17 %	$ 48,597	$	143		1.17 %	$ 37,843	$	73			0.77 %	$ 32,742	$	132		1.64 %	$ 38,957	$	83		0.85 %		$ 46,408	$	543		1.17 %	$ 37,550	$	264		0.70 %
banks
Investment securities - available for
sale:
Taxable	566,359		3,334		2.34 %	594,975		3,765		2.51 %	560,999		3,400			2.43 %	543,687		3,363		2.51 %	524,117		3,075		2.33 %		566,645		13,862		2.45 %	513,114		11,457		2.23 %
Tax-exempt	5,844		33		2.24 %	6,594		36		2.17 %	7,530		43			2.29 %	9,795		55		2.28 %	13,184		70		2.11 %		7,428		167		2.25 %	16,966		346		2.04 %
Total investment securities -	572,203		3,367		2.33 %	601,569		3,801		2.51 %	568,529		3,443			2.43 %	553,482		3,418		2.50 %	537,301		3,145		2.32 %		574,073		14,029		2.44 %	530,080		11,803		2.23 %
available for sale
Investment securities - held to maturity	12,756		84		2.61 %	12,360		80		2.57 %	10,417		71			2.73 %	8,804		67		3.09 %	8,761		63		2.85 %		11,099		302		2.72 %	8,232		234		2.84 %
Investment securities - trading	8,330		99		4.72 %	8,407		27		1.27 %	8,572		24			1.12 %	7,629		22		1.17 %	8,203		96		4.64 %		8,237		172		2.09 %	8,237		169		2.05 %
Loans and leases *	3,598,609		43,326		4.78 %	3,532,923		45,642		5.13 %	3,524,219		44,903			5.11 %	3,477,739		44,958		5.24 %	3,399,484		44,274		5.17 %		3,533,702		178,829		5.06 %	3,356,295		169,024		5.04 %
Total interest-earning assets	4,257,958		47,071		4.39 %	4,203,856		49,693		4.69 %	4,149,580		48,514			4.69 %	4,080,396		48,597		4.83 %	3,992,706		47,661		4.74 %		4,173,519		193,875		4.65 %	3,940,394		181,494		4.61 %
Cash and due from banks	9,829					12,890					13,725						14,414					13,962						12,703					9,853
Less: allowance for loan and lease	(21,124)					(21,438)					(20,844)						(19,887)					(18,625)						(20,828)					(18,447)
losses
Other assets	528,744					564,766					509,164						470,206					424,957						518,507					420,322
Total assets	$4,775,407					$4,760,074					$4,651,625						$4,545,129					$4,413,000						$4,683,901					$4,352,122
Liabilities:
Interest-bearing deposits:
Savings, NOW and market rate	$2,149,623	$	5,659		1.04 %	$1,996,181	$	5,445		1.08 %	$1,928,755	$	5,040			1.05 %	$1,798,103	$	3,764		0.85 %	$1,704,065	$	2,883		0.67 %		$1,969,205	$	19,908		1.01 %	$1,715,239	$	8,860		0.52 %
deposits
Wholesale deposits	214,229		1,024		1.90 %	299,309		1,729		2.29 %	345,782		2,143			2.49 %	342,696		2,012		2.38 %	346,134		1,986		2.28 %		300,148		6,908		2.30 %	251,384		5,021		2.00 %
Retail time deposits	435,198		1,991		1.82 %	480,736		2,336		1.93 %	520,317		2,472			1.91 %	533,395		2,321		1.76 %	552,213		2,179		1.57 %		492,110		9,120		1.85 %	539,934		6,671		1.24 %
Total interest-bearing deposits	2,799,050		8,674		1.23 %	2,776,226		9,510		1.36 %	2,794,854		9,655			1.39 %	2,674,194		8,097		1.23 %	2,602,412		7,048		1.07 %		2,761,463		35,936		1.30 %	2,506,557		20,552		0.82 %
Borrowings:
Short-term borrowings	121,612		555		1.81 %	169,985		937		2.19 %	68,529		357			2.09 %	157,652		943		2.43 %	128,429		681		2.10 %		129,457		2,792		2.16 %	178,582		3,392		1.90 %
Long-term FHLB advances	53,443		279		2.07 %	45,698		243		2.11 %	52,397		269			2.06 %	55,385		278		2.04 %	67,363		331		1.95 %		51,709		1,069		2.07 %	93,503		1,777		1.90 %
Subordinated notes	98,681		1,144		4.60 %	98,634		1,145		4.61 %	98,587		1,144			4.65 %	98,542		1,145		4.71 %	98,497		1,145		4.61 %		98,612		4,578		4.64 %	98,462		4,575		4.65 %
Jr. subordinated debt	21,726		323		5.90 %	21,680		340		6.22 %	21,637		352			6.53 %	21,595		358		6.72 %	21,553		342		6.30 %		21,660		1,373		6.34 %	21,491		1,288		5.99 %
Total borrowings	295,462		2,301		3.09 %	335,997		2,665		3.15 %	241,150		2,122			3.53 %	333,174		2,724		3.32 %	315,842		2,499		3.14 %		301,438		9,812		3.26 %	392,038		11,032		2.81 %
Total interest-bearing liabilities	3,094,512		10,975		1.41 %	3,112,223		12,175		1.55 %	3,036,004		11,777			1.56 %	3,007,368		10,821		1.46 %	2,918,254		9,547		1.30 %		3,062,901		45,748		1.49 %	2,898,595		31,584		1.09 %
Noninterest-bearing deposits	915,128					903,314					909,945						871,726					878,047						900,156					856,506
Other liabilities	159,259					149,226					124,211						93,949					60,393						131,889					55,436
Total noninterest-bearing liabilities	1,074,387					1,052,540					1,034,156						965,675					938,440						1,032,045					911,942
Total liabilities	4,168,899					4,164,763					4,070,160						3,973,043					3,856,694						4,094,946					3,810,537
Shareholders' equity	606,508					595,311					581,465						572,086					556,306						588,955					541,585
Total liabilities and shareholders'	$4,775,407					$4,760,074					$4,651,625						$4,545,129					$4,413,000						$4,683,901					$4,352,122
equity
Net interest spread					2.98 %					3.14 %						3.13 %					3.37 %					3.44 %						3.16 %					3.52 %
Effect of noninterest-bearing sources					0.38 %					0.40 %						0.42 %					0.38 %					0.35 %						0.39 %					0.28 %
Tax-equivalent net interest margin		$	36,096		3.36 %		$	37,518		3.54 %		$	36,737			3.55 %		$	37,776		3.75 %		$	38,114		3.79 %			$	148,127		3.55 %		$	149,910		3.80 %
Tax-equivalent adjustment		$	111		0.01 %		$	120		0.01 %		$	126			0.01 %		$	129		0.01 %		$	127		0.01 %			$	486		0.01 %		$	439		0.01 %

* Average loans and leases include portfolio loans and leases, and loans held for sale. Non-accrual loans are also included in the average loan and leases balances.

14

Bryn Mawr Bank Corporation Tax-EquivalentNet Interest Margin (unaudited) (dollars in thousands, except per share data)

Supplemental Information Regarding Accretion of Fair Value Marks

							For the Three Months Ended								For the Twelve Months Ended
	December 31, 2019	September 30, 2019	June 30, 2019		March 31, 2019	December 31, 2018	December 31, 2019	December 31, 2018
		Inc. /	Effect on		Inc. /	Effect on		Inc. /	Effect on		Inc. /	Effect on		Inc. /	Effect on		Inc. /	Effect on		Inc. /	Effect on
(dollars in thousands)	Interest	Yield or		Yield or		Yield or		Yield or		Yield or		Yield or		Yield or
(Dec.)	Rate		(Dec.)	Rate		(Dec.)	Rate		(Dec.)	Rate		(Dec.)	Rate		(Dec.)	Rate		(Dec.)	Rate
Loans and leases	Income $	1,027	0.11 %	$	1,501	0.17 %	$	1,193	0.14 %	$	1,997	0.23 %	$	2,492	0.29 %	$	5,718	0.16 %	$	8,603	0.26 %
Retail time deposits	Expense	(134)	(0.12)%		(151)	(0.12)%		(171)	(0.13)%		(222)	(0.17)%		(279)	(0.20)%		(678)	(0.14)%		(1,309)	(0.24)%
Long-term FHLB advances	Expense	34	0.25 %		34	0.30 %		34	0.26 %		33	0.24 %		34	0.20 %		135	0.26 %		106	0.11 %
Jr. subordinated debt	Expense	44	0.80 %		44	0.81 %		43	0.80 %		42	0.79 %		42	0.77 %		173	0.80 %		164	0.76 %
Net interest income from fair value	$	1,083		$	1,574		$	1,287		$	2,144		$	2,695		$	6,088		$	9,642
marks
Purchase accounting effect on tax-			0.10 %			0.15 %			0.12 %			0.21 %			0.27 %			0.15 %			0.24 %
equivalent margin

15

Bryn Mawr Bank Corporation

Appendix - Non-GAAP to GAAP Reconciliations and Calculation of Non-GAAP Performance Measures (unaudited) (dollars in thousands, except per share data)

Statement on Non-GAAPMeasures: The Corporation believes the presentation of the following non-GAAP financial measures provides useful supplemental information that is essential to an investor's proper understanding of the results of operations and financial condition of the Corporation. Management uses non-GAAP financial measures in its analysis of the Corporation's performance. These non-GAAP measures should not be viewed as substitutes for the financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

Reconciliation of Net Income to Net Income (core):

Net income attributable to BMBC (a GAAP measure) Less: Tax-effectednon-core noninterest income:

Gain on sale of investment securities available for sale Add: Tax-effectednon-core noninterest expense items:

Due diligence, merger-related and merger integration expenses Voluntary years of service incentive program expenses

Add: Federal income tax expense related to re-measurement of net deferred tax asset due to tax reform legislation

Net income (core) (a non-GAAP measure)

Calculation of Basic and Diluted Earnings per Common Share (core):

Weighted average common shares outstanding Dilutive common shares

Weighted average diluted shares

Basic earnings per common share (core) (a non-GAAP measure) Diluted earnings per common share (core) (a non-GAAP measure)

Calculation of Return on Average Tangible Equity:

Net income attributable to BMBC (a GAAP measure)

Add: Tax-effected amortization and impairment of intangible assets Net tangible income (numerator)

Average shareholders' equity

Less: Average Noncontrolling interest

Less: Average goodwill and intangible assets

Net average tangible equity (denominator)

Return on tangible equity (a non-GAAP measure)

Calculation of Return on Average Tangible Equity (core):

Net income (core) (a non-GAAP measure)

Add: Tax-effected amortization and impairment of intangible assets Net tangible income (core) (numerator)

Average shareholders' equity

Less: Average Noncontrolling interest

Less: Average goodwill and intangible assets

Net average tangible equity (denominator)

Return on tangible equity (core) (a non-GAAP measure)

			As of or For the Three Months Ended			As of or For the Twelve Months Ended
	December 31,		September 30,		June 30,		March 31,		December 31,		December 31,		December 31,
	2019		2019		2019		2019		2018		2019		2018
$	16,384	$	16,360	$	15,785	$	10,677	$	17,136	$	59,206	$	63,792
	-		-		-		-		-		-		(6)
	-		-		-		-		-		-		6,131
	-		-		-		3,553		-		3,553		-
	-		-		-		-		31		-		703
$	16,384	$	16,360	$	15,785	$	14,230	$	17,167	$	62,759	$	70,620
	20,124,553		20,132,117		20,144,651		20,168,498		20,225,993		20,142,306		20,234,792
	88,455		76,513		99,758		103,163		95,290		91,065		155,375
	20,213,008		20,208,630		20,244,409		20,271,661		20,321,283		20,233,371		20,390,167
$	0.81	$	0.81	$	0.78	$	0.71	$	0.85	$	3.12	$	3.49
$	0.81	$	0.81	$	0.78	$	0.70	$	0.84	$	3.10	$	3.46
$	16,384	$	16,360	$	15,785	$	10,677	$	17,136	$	59,206	$	63,792
	753		754		755		741		787		3,003		2,888
$	17,137	$	17,114	$	16,540	$	11,418	$	17,923	$	62,209	$	66,680
$	606,508	$	595,311	$	581,465	$	572,086	$	556,306	$	588,955	$	541,585
	694		693		688		685		681		690		684
	(203,663)		(204,637)		(205,593)		(206,716)		(207,893)		(205,143)		(207,343)
$	403,539	$	391,367	$	376,560	$	366,055	$	349,094	$	384,502	$	334,926
	16.85 %		17.35 %		17.62 %		12.65 %		20.37 %		16.18 %		19.91 %
$	16,384	$	16,360	$	15,785	$	14,230	$	17,167	$	62,759	$	70,620
	753		754		755		741		787		3,003		2,888
$	17,137	$	17,114	$	16,540	$	14,971	$	17,954	$	65,762	$	73,508
$	606,508	$	595,311	$	581,465	$	572,086	$	556,306	$	588,955	$	541,585
	694		693		688		685		681		690		684
	(203,663)		(204,637)		(205,593)		(206,716)		(207,893)		(205,143)		(207,343)
$	403,539	$	391,367	$	376,560	$	366,055	$	349,094	$	384,502	$	334,926
	16.85 %		17.35 %		17.62 %		16.59 %		20.40 %		17.10 %		21.95 %

16

Bryn Mawr Bank Corporation

Appendix - Non-GAAP to GAAP Reconciliations and Calculation of Non-GAAP Performance Measures (unaudited) (dollars in thousands, except per share data)

Statement on Non-GAAPMeasures: The Corporation believes the presentation of the following non-GAAP financial measures provides useful supplemental information that is essential to an investor's proper understanding of the results of operations and financial condition of the Corporation. Management uses non-GAAP financial measures in its analysis of the Corporation's performance. These non-GAAP measures should not be viewed as substitutes for the financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

					As of or For the Three Months Ended					As of or For the Twelve Months Ended
		December 31,			September 30,			June 30,			March 31,			December 31,		December 31,		December 31,
		2019			2019			2019			2019			2018	2019	2018
Calculation of Tangible Equity Ratio (BMBC):
Total shareholders' equity	$	612,227	$	600,935	$	590,155	$	575,107	$	564,704
Less: Noncontrolling interest		695			694			693			686			685
Less: Goodwill and intangible assets		(203,143)			(204,096)			(205,050)			(206,006)			(207,467)
Net tangible equity (numerator)	$	409,779	$	397,533	$	385,798	$	369,787	$	357,922
Total assets	$	5,263,259	$	4,828,641	$	4,736,565	$	4,631,993	$	4,652,485
Less: Goodwill and intangible assets		(203,143)			(204,096)			(205,050)			(206,006)			(207,467)
Tangible assets (denominator)	$	5,060,116	$	4,624,545	$	4,531,515	$	4,425,987	$	4,445,018
Tangible equity ratio (BMBC)(1)		8.10 %			8.60 %			8.51 %			8.35 %			8.05 %
Calculation of Tangible Equity Ratio (BMTC):
Total shareholders' equity	$	624,030	$	641,565	$	625,464	$	605,985	$	591,695
Less: Noncontrolling interest		695			694			693			686			685
Less: Goodwill and intangible assets		(190,694)			(191,572)			(192,450)			(193,329)			(194,715)
Net tangible equity (numerator)	$	434,031	$	450,687	$	433,707	$	413,342	$	397,665
Total assets	$	5,247,649	$	4,813,704	$	4,721,394	$	4,616,724	$	4,637,481
Less: Goodwill and intangible assets		(190,694)			(191,572)			(192,450)			(193,329)			(194,715)
Tangible assets (denominator)	$	5,056,955	$	4,622,132	$	4,528,944	$	4,423,395	$	4,442,766
Tangible equity ratio (BMTC)(1)		8.58 %			9.75 %			9.58 %			9.34 %			8.95 %
Calculation of Return on Average Assets (core)
Return on average assets (GAAP)		1.36 %			1.36 %			1.36 %			0.95 %			1.54 %	1.26 %	1.47 %
Effect of adjustment to GAAP net income to core net income		- %			- %			- %			0.32 %			- %		0.08 %		0.15 %
Return on average assets (core)		1.36 %			1.36 %			1.36 %			1.27 %			1.54 %	1.34 %	1.62 %
Calculation of Return on Average Equity (core)
Return on average equity (GAAP)		10.72 %			10.90 %			10.89 %			7.57 %			12.22 %	10.05 %	11.78 %
Effect of adjustment to GAAP net income to core net income		- %			- %			- %			2.52 %			0.02 %		0.61 %		1.26 %
Return on average equity (core)		10.72 %			10.90 %			10.89 %			10.09 %			12.24 %	10.66 %	13.04 %
Calculation of Tax-equivalent net interest margin adjusting for the impact of
purchase accounting
Tax-equivalent net interest margin		3.36 %			3.54 %			3.55 %			3.75 %			3.79 %	3.55 %	3.80 %
Effect of fair value marks		0.10 %			0.15 %			0.12 %			0.21 %			0.27 %		0.15 %		0.24 %
Tax-equivalent net interest margin adjusting for the impact of purchase accounting		3.26 %			3.39 %			3.43 %			3.54 %			3.52 %	3.40 %	3.56 %

1. Capital Ratios for the current quarter are to be considered preliminary until the Call Reports are filed.

17

Bryn Mawr Bank Corporation

Appendix - Non-GAAP to GAAP Reconciliations and Calculation of Non-GAAP Performance Measures (unaudited) (dollars in thousands, except per share data)

Statement on Non-GAAPMeasures: The Corporation believes the presentation of the following non-GAAP financial measures provides useful supplemental information that is essential to an investor's proper understanding of the results of operations and financial condition of the Corporation. Management uses non-GAAP financial measures in its analysis of the Corporation's performance. These non-GAAP measures should not be viewed as substitutes for the financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

					As of or For the Three Months Ended					As of or For the Twelve Months Ended
		December 31,			September 30,			June 30,			March 31,			December 31,			December 31,			December 31,
Calculation of Tax-equivalent net interest income adjusting for the impact of		2019			2019			2019			2019			2018			2019			2018
purchase accounting
Tax-equivalent net interest income	$	36,096	$	37,518	$	36,737	$	37,776	$	38,114	$	148,127	$	149,910
Effect of fair value marks		1,083			1,574			1,287			2,144			2,695			6,088			9,642
Tax-equivalent net interest income adjusting for the impact of purchase accounting	$	35,013	$	35,944	$	35,450	$	35,632	$	35,419	$	142,039	$	140,268
Calculation of Efficiency Ratio:
Noninterest expense	$	36,430	$	35,173	$	35,188	$	39,724	$	34,845	$	146,515	$	140,303
Less: certain noninterest expense items*:
Amortization of intangibles		(953)			(954)			(956)			(938)			(997)			(3,801)			(3,656)
Due diligence, merger-related and merger integration expenses		-			-			-			-			-			-			(7,761)
Voluntary years of service incentive program expenses		-			-			-			(4,498)			-			(4,498)			-
Noninterest expense (adjusted) (numerator)	$	35,477	$	34,219	$	34,232	$	34,288	$	33,848	$	138,216	$	128,886
Noninterest income	$	23,255	$	19,455	$	20,221	$	19,253	$	18,097	$	82,184	$	75,982
Less: non-core noninterest income items:
Gain on sale of investment securities available for sale		-			-			-			-			-			-			(7)
Noninterest income (core)	$	23,255	$	19,455	$	20,221	$	19,253	$	18,097	$	82,184	$	75,975
Net interest income		35,985			37,398			36,611			37,647			37,987			147,641			149,471
Noninterest income (core) and net interest income (denominator)	$	59,240	$	56,853	$	56,832	$	56,900	$	56,084	$	229,825	$	225,446
Efficiency ratio		59.89 %			60.19 %			60.23 %			60.26 %			60.35 %			60.14 %			57.17 %
Supplemental Loan and Allowance Information Used to Calculate Non-GAAP
Measures
Total Allowance	$	22,602	$	20,777	$	21,182	$	20,616	$	19,426
Less: Allowance on acquired loans		76			102			106			97			97
Allowance on originated loans and leases	$	22,526	$	20,675	$	21,076	$	20,519	$	19,329
Total Allowance	$	22,602	$	20,777	$	21,182	$	20,616	$	19,426
Loan mark on acquired loans		10,905			11,948			14,174			15,841			17,822
Total Allowance + Loan mark	$	33,507	$	32,725	$	35,356	$	36,457	$	37,248
Total Portfolio loans and leases	$	3,689,313	$	3,540,747	$	3,534,665	$	3,523,514	$	3,427,154
Less: Originated loans and leases		3,320,816			3,137,769			3,088,849			3,032,270			2,885,251
Net acquired loans	$	368,497	$	402,978	$	445,816	$	491,244	$	541,903
Add: Loan mark on acquired loans		10,905			11,948			14,174			15,841			17,822
Gross acquired loans (excludes loan mark)	$	379,402	$	414,926	$	459,990	$	507,085	$	559,725
Originated loans and leases		3,320,816			3,137,769			3,088,849			3,032,270			2,885,251
Total Gross portfolio loans and leases	$	3,700,218	$	3,552,695	$	3,548,839	$	3,539,355	$	3,444,976

• In calculating the Corporation's efficiency ratio, which is used by Management to identify the cost of generating each dollar of core revenue, certain non-core income and expense items as well as the amortization of intangible assets, are excluded.

18