BRYN MAWR, Pa., Jan. 11, 2021 (GLOBE NEWSWIRE) — Bryn Mawr Financial institution Company (NASDAQ: BMTC) (the “Company”), mum or dad of The Bryn Mawr Trust Firm, expects to report fourth quarter 2020 monetary outcomes after markets shut on Thursday, January 21, 2021.
The Company will maintain a fourth quarter 2020 earnings convention name at 8:30 a.m. Japanese Time on Friday, January 22, 2021. events could take part by calling 1-888-317-6016. A taped replay of the convention name shall be obtainable one hour after the conclusion of the decision and can stay obtainable via 9:00 a.m. Japanese Time on Monday, February 22, 2021. This recording could also be obtained by calling 1-877-344-7529, referring to convention quantity 10151203.
The Company will concurrently broadcast the earnings convention name reside over the Web via a webcast on the investor relations portion of the Company’s web site. To entry the decision by way of the Web, please go to the web site at http://companies.choruscall.com/hyperlinks/bmtc210122.html. An internet archive of the webcast shall be obtainable inside one hour of the conclusion of the earnings convention name. Inside 24 hours after the conclusion of the earnings convention name, a web based transcript shall be obtainable on the following web site: https://www.bmt.com/investors/presentations/.
The Company’s choice to carry an earnings convention name for the fourth quarter of 2020 isn’t indicative of the Company’s future plans with respect to earnings convention calls, and selections concerning whether or not to proceed holding earnings convention calls shall be made at a future date.
About Bryn Mawr Financial institution Company
Bryn Mawr Financial institution Company (the “Company”) (NASDAQ: BMTC), is the holding firm for The Bryn Mawr Belief Firm which was based in 1889, and is headquartered in Bryn Mawr, Pa. BMT is a domestically managed, premier monetary companies firm offering retail and business banking; belief administration and wealth administration; and insurance coverage and threat administration options. Bryn Mawr Financial institution Company has $5.05 billion in company belongings and $17.24 billion in wealth belongings beneath administration, administration, supervision, and brokerage (as of 9/30/2020). The corporate operates 41 banking places, 7 wealth administration places of work and a couple of insurance coverage and threat administration places within the following counties: Montgomery, Chester, Delaware, Philadelphia, and Dauphin Counties in Pennsylvania; New Citadel County in Delaware; and Mercer and Camden Counties in New Jersey. For extra info, go to bmt.com.
FORWARD LOOKING STATEMENTS AND SAFE HARBOR
This communication accommodates statements which, to the extent that they don’t seem to be recitations of historic truth could represent forward-looking statements for functions of the Securities Act of 1933, as amended, and the Securities Alternate Act of 1934, as amended. Such forward-looking statements could embrace monetary and different projections in addition to statements concerning the Company’s future plans, targets, efficiency, revenues, development, income, working bills or the Company’s underlying assumptions. The phrases “could,” “would,” “ought to,” “might,” “will,” “possible,” “probably,” “anticipate,” “anticipate,” “intend,” “point out,” “estimate,” “goal,” “doubtlessly,” “promising,” “in all probability,” “outlook,” “predict,” “ponder,” “proceed,” “plan,” “technique,” “forecast,” “venture,” “are optimistic,” “are wanting,” “are wanting ahead” and “consider” or different comparable phrases and phrases could establish forward-looking statements. Individuals studying this communication are cautioned that such statements are solely predictions, and that the Company’s precise future outcomes or efficiency could also be materially totally different.
Such forward-looking statements contain recognized and unknown dangers and uncertainties. Quite a few elements, lots of that are past the Company’s management, might trigger our precise outcomes, occasions or developments, or business outcomes, to be materially totally different from any future outcomes, occasions or developments expressed, implied or anticipated by such forward-looking statements, and so our enterprise and monetary situation and outcomes of operations may very well be materially and adversely affected. The COVID-19 pandemic (the “Pandemic”) is adversely affecting us, our purchasers, counterparties, workers, and third-party service suppliers, and the final word extent of the impacts on our enterprise, monetary place, outcomes of operations, liquidity, and prospects is unsure. Continued deterioration typically enterprise and financial situations, together with additional will increase in unemployment charges, or turbulence in home or world monetary markets might adversely have an effect on our revenues and the values of our belongings and liabilities, cut back the supply of funding, result in a tightening of credit score, and additional enhance inventory worth volatility. As well as, modifications to statutes, laws, or regulatory insurance policies or practices on account of, or in response to the Pandemic, might have an effect on us in substantial and unpredictable methods. Different elements embrace, amongst others, our want for capital, our capability to regulate working prices and bills, and to handle mortgage and lease delinquency charges; the credit score dangers of lending actions and total high quality of the composition of our mortgage, lease and securities portfolio; the affect of financial situations, shopper and enterprise spending habits, and actual property market situations on our enterprise and in our market space; modifications within the ranges of basic rates of interest, deposit rates of interest, or internet curiosity margin and funding sources; modifications in banking laws and insurance policies and the chance that any banking company approvals we would require for sure actions is not going to be obtained in a well timed method or in any respect or shall be conditioned in a fashion that might impair our capability to implement our enterprise plans; modifications in accounting insurance policies and practices or accounting requirements, together with ASU 2016-13 (Subject 326), “Measurement of Credit score Losses on Monetary Devices,” generally referenced because the Present Anticipated Credit score Loss mannequin, which has modified how we estimate credit score losses and should lead to additional will increase within the required degree of our allowance for credit score losses; unanticipated regulatory or authorized proceedings, outcomes of litigation or different contingencies; cybersecurity occasions; the shortcoming of key third-party suppliers to carry out their obligations to us; our capability to draw and retain key personnel; competitors in our market; warfare or terrorist actions; materials variations within the precise monetary outcomes, value financial savings and income enhancements related to our acquisitions; uncertainty concerning the way forward for LIBOR; the affect of public well being points and pandemics, and their results on the financial and enterprise environments wherein we function, the impact of the Pandemic, together with on our credit score high quality and enterprise operations, in addition to its affect on basic financial and monetary market situations; and different elements as described in our securities filings with the U.S. Securities and Alternate Fee (“SEC”). All forward-looking statements and data set forth herein are based mostly on Company administration’s present beliefs and assumptions as of the date hereof and communicate solely as of the date they’re made. The Company doesn’t undertake to replace forward-looking statements.
For a whole dialogue of the assumptions, dangers and uncertainties associated to our enterprise, you’re inspired to overview our filings with the SEC, together with our most up-to-date Annual Report on Type 10-Ok, as up to date by our quarterly or different reviews subsequently filed with the SEC, together with our most up-to-date Quarterly Report on Type 10-Q.
FOR MORE INFORMATION
Frank Leto, President, CEO
Mike Harrington, CFO