BRYN MAWR, Pa., Jan. 11, 2021 (Globe NEWSWIRE) — Bryn Mawr Financial institution Company (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Have faith in Business, expects to report fourth quarter 2020 money results immediately after markets near on Thursday, January 21, 2021.
The Company will hold a fourth quarter 2020 earnings meeting connect with at 8:30 a.m. Japanese Time on Friday, January 22, 2021. Fascinated parties might participate by calling 1-888-317-6016. A taped replay of the conference connect with will be out there 1 hour soon after the conclusion of the contact and will continue to be obtainable via 9:00 a.m. Jap Time on Monday, February 22, 2021. This recording may well be attained by calling 1-877-344-7529, referring to conference selection 10151203.
The Corporation will at the same time broadcast the earnings convention simply call stay in excess of the World wide web through a webcast on the investor relations part of the Corporation’s web page. To access the connect with through the Web, please pay a visit to the web page at http://providers.choruscall.com/hyperlinks/bmtc210122.html. An on-line archive of the webcast will be obtainable in just a person hour of the conclusion of the earnings conference contact. In just 24 several hours soon after the summary of the earnings convention simply call, an on-line transcript will be obtainable at the subsequent website: https://www.bmt.com/investors/shows/.
The Corporation’s decision to hold an earnings convention simply call for the fourth quarter of 2020 is not indicative of the Corporation’s upcoming options with regard to earnings convention phone calls, and selections about regardless of whether to carry on keeping earnings meeting phone calls will be made at a long run day.
About Bryn Mawr Lender Corporation
Bryn Mawr Bank Company (the “Corporation”) (NASDAQ: BMTC), is the keeping business for The Bryn Mawr Have confidence in Corporation which was started in 1889, and is headquartered in Bryn Mawr, Pa. BMT is a locally managed, leading economical providers firm providing retail and professional banking believe in administration and prosperity management and coverage and hazard administration options. Bryn Mawr Financial institution Company has $5.05 billion in company property and $17.24 billion in wealth assets below administration, administration, supervision, and brokerage (as of 9/30/2020). The corporation operates 41 banking destinations, 7 prosperity management workplaces and 2 insurance policy and danger administration spots in the subsequent counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania New Castle County in Delaware and Mercer and Camden Counties in New Jersey. For additional info, pay a visit to bmt.com.
Ahead Looking STATEMENTS AND Safe HARBOR
This interaction contains statements which, to the extent that they are not recitations of historical truth may possibly represent ahead-on the lookout statements for needs of the Securities Act of 1933, as amended, and the Securities Trade Act of 1934, as amended. These types of ahead-hunting statements may include money and other projections as very well as statements relating to the Corporation’s potential ideas, goals, general performance, revenues, progress, gains, working charges or the Corporation’s fundamental assumptions. The terms “may,” “would,” “should,” “could,” “will,” “likely,” “possibly,” “expect,” “anticipate,” “intend,” “indicate,” “estimate,” “target,” “potentially,” “promising,” “probably,” “outlook,” “predict,” “contemplate,” “continue,” “plan,” “strategy,” “forecast,” “project,” “are optimistic,” “are wanting,” “are wanting forward” and “believe” or other equivalent terms and phrases may perhaps establish ahead-searching statements. Folks reading this communication are cautioned that such statements are only predictions, and that the Corporation’s genuine potential outcomes or functionality may be materially different.
These kinds of forward-searching statements involve recognised and not known hazards and uncertainties. A range of aspects, lots of of which are beyond the Corporation’s management, could bring about our genuine results, events or developments, or market benefits, to be materially distinctive from any foreseeable future final results, events or developments expressed, implied or anticipated by these types of ahead-on the lookout statements, and so our enterprise and fiscal situation and results of operations could be materially and adversely influenced. The COVID-19 pandemic (the “Pandemic”) is adversely impacting us, our customers, counterparties, staff, and 3rd-social gathering company providers, and the final extent of the impacts on our business, financial position, final results of operations, liquidity, and prospective buyers is unsure. Ongoing deterioration in common small business and financial problems, including additional improves in unemployment fees, or turbulence in domestic or international money markets could adversely influence our revenues and the values of our property and liabilities, minimize the availability of funding, guide to a tightening of credit score, and more improve inventory selling price volatility. In addition, changes to statutes, laws, or regulatory insurance policies or methods as a consequence of, or in reaction to the Pandemic, could have an affect on us in considerable and unpredictable approaches. Other things consist of, amid other folks, our require for cash, our means to regulate working expenses and fees, and to take care of loan and lease delinquency prices the credit history hazards of lending pursuits and total high-quality of the composition of our loan, lease and securities portfolio the impression of financial ailments, purchaser and organization expending routines, and authentic estate sector ailments on our small business and in our current market region variations in the stages of typical interest premiums, deposit fascination charges, or internet fascination margin and funding sources modifications in banking regulations and policies and the likelihood that any banking company approvals we may possibly call for for certain pursuits will not be obtained in a well timed fashion or at all or will be conditioned in a method that would impair our capability to put into practice our company designs adjustments in accounting procedures and techniques or accounting standards, which includes ASU 2016-13 (Subject matter 326), “Measurement of Credit rating Losses on Fiscal Instruments,” frequently referenced as the Current Predicted Credit rating Reduction model, which has altered how we estimate credit losses and may well final result in further more boosts in the demanded stage of our allowance for credit history losses unanticipated regulatory or legal proceedings, outcomes of litigation or other contingencies cybersecurity activities the lack of ability of important third-get together suppliers to execute their obligations to us our capability to entice and keep vital personnel levels of competition in our marketplace war or terrorist routines product differences in the actual economic success, price personal savings and earnings enhancements related with our acquisitions uncertainty pertaining to the long term of LIBOR the impact of general public health and fitness troubles and pandemics, and their consequences on the financial and enterprise environments in which we run, the influence of the Pandemic, together with on our credit top quality and business enterprise functions, as very well as its affect on normal financial and fiscal current market situations and other components as described in our securities filings with the U.S. Securities and Trade Commission (“SEC”). All ahead-looking statements and details set forth herein are dependent on Corporation management’s present-day beliefs and assumptions as of the day hereof and communicate only as of the day they are built. The Corporation does not undertake to update forward-hunting statements.
For a comprehensive dialogue of the assumptions, threats and uncertainties related to our small business, you are inspired to evaluate our filings with the SEC, including our most new Yearly Report on Variety 10-K, as up to date by our quarterly or other stories subsequently filed with the SEC, which includes our most the latest Quarterly Report on Form 10-Q.
FOR Much more Info
Frank Leto, President, CEO
Mike Harrington, CFO