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Dec 31, 2019
Dime Q4 2019 Earnings Report
Reported record earnings per share and net income for Q4 2019.
Key Takeaways
Bridge Bancorp reported a strong fourth quarter with record levels of income and earnings per share. Net income for the quarter was $14.2 million, or $0.71 per diluted share. The company experienced strong increases in net loans and core deposit growth, particularly in its western markets.
Net income for the fourth quarter of 2019 was $14.2 million, or $0.71 per diluted share.
Net interest income for the fourth quarter of 2019 increased $1.6 million over the 2018 fourth quarter to $35.6 million.
Total assets of $4.9 billion at December 31, 2019, 4% higher than September 30, 2019, and 5% higher than December 31, 2018.
Loan growth of $404 million, or 12%, with fourth quarter growth of $172 million, or 19% annualized.
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Forward Guidance
The press release does not contain specific forward guidance. Therefore, this section is left intentionally blank.