Bridge Bancorp, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
January 25, 2013 at 04:17 pm EST
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Bridge Bancorp, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, interest income was $13,832,000 against $13,026,000 for the same period a year ago. Net interest income was $11,936,000 against $11,043,000 for the same period a year ago. Income before income taxes was $5,033,000 against $4,276,000 for the same period a year ago. Net income $3,410,000 against $2,950,000 for the same period a year ago. Diluted earnings per share were $0.39 against $0.42 for the same period a year ago. Return on average total assets was 0.86% against 0.92% for the same period a year ago. Return on average stockholders' equity was 11.96% against 14.47% for the same period a year ago.
For the year, interest income was $54,514,000 against $50,426,000 for the same period a year ago. Net interest income was $46,959,000 against $42,810,000 for the same period a year ago. Income before income taxes was $18,852,000 against $15,022,000 for the same period a year ago. Net income $12,772,000 against $10,359,000 for the same period a year ago. Diluted earnings per share were $1.48 against $1.54 for the same period a year ago. Return on average total assets was 0.88% against 0.88% for the same period a year ago. Return on average stockholders' equity was 11.78% against 14.37% for the same period a year ago. Tangible book value per share was $13.07 compared to $12.54 as at December 31, 2011.
Dime Community Bancshares, Inc. is a bank holding company. The Company is engaged in providing commercial banking and financial services through its wholly owned subsidiary, Dime Community Bank (the Bank). It is engaged in providing full-service commercial and consumer banking services, including accepting time, savings and demand deposits from the businesses, consumers, and local municipalities. It also offers the Certificate of Deposit Account Registry Service (CDARS) and Insured Cash Sweep (ICS) programs. In addition, it offers merchant credit and debit card processing, automated teller machines, cash management services, lockbox processing, online banking services, remote deposit capture, safe deposit boxes, and individual retirement accounts as well as investment services through Dime Financial Services LLC. Through its title insurance subsidiary, the Bank acts as a broker for title insurance services. It operates 60 branch locations throughout Long Island and the New York City.