BDGE OTCBB Penny Stocks Bridge Bancorp, Inc. Announces Year End 2004 Results of Operations; Bridge Continues Trend of Record Earnings
BDGE Bridge Bancorp, Inc. Announces Year End 2004 Results of Operations; Bridge Continues Trend of Record Earnings: "BDGE Bridge Bancorp, Inc. Announces Year End 2004 Results of Operations; Bridge Continues Trend of Record Earnings
BRIDGEHAMPTON, N.Y.--(BUSINESS WIRE)--Jan. 28, 2005--Bridge Bancorp, Inc. (the 'Company') (NASDAQ/OTCBB: BDGE), the holding company of The Bridgehampton National Bank (the 'Bank'), announced the results of operations for the year ended December 31, 2004. The Company continued its trend of record earnings, posting net income of $10,377,000 for 2004, up 8.1% over $9,598,000 for 2003. Diluted earnings per share increased to $1.64 per share for 2004 from $1.53 per share for the prior year. Share and per share amounts have been adjusted for the three-for-two stock split, in the form of a stock dividend, effective July 9, 2004.
Earnings for the quarter ended December 31, 2004 increased to $2,547,000, 14.4% over the same period last year.
Thomas J. Tobin, President and Chief Executive Officer commented on the Company's year-end results, 'We are proud to report results of operations that reflect the high performance standards we consistently strive for. We met significant challenges successfully producing returns on average equity of 22.8% and average assets of 1.89%. Sound balance sheet management contributed to growth in net interest income of 5.2% or $1,205,000 over the prior year. Non interest income grew 15.4% primarily from the successful operation of Bridge Abstract, demonstrating the relevance of our efforts to diversify our income stream. Total assets grew 7.0% despite ever increasing competition in our markets. Our capital levels position us well for future growth.'"
BDGE Message Board Resource News, Charts, and More on BDGE
BRIDGEHAMPTON, N.Y.--(BUSINESS WIRE)--Jan. 28, 2005--Bridge Bancorp, Inc. (the 'Company') (NASDAQ/OTCBB: BDGE), the holding company of The Bridgehampton National Bank (the 'Bank'), announced the results of operations for the year ended December 31, 2004. The Company continued its trend of record earnings, posting net income of $10,377,000 for 2004, up 8.1% over $9,598,000 for 2003. Diluted earnings per share increased to $1.64 per share for 2004 from $1.53 per share for the prior year. Share and per share amounts have been adjusted for the three-for-two stock split, in the form of a stock dividend, effective July 9, 2004.
Earnings for the quarter ended December 31, 2004 increased to $2,547,000, 14.4% over the same period last year.
Thomas J. Tobin, President and Chief Executive Officer commented on the Company's year-end results, 'We are proud to report results of operations that reflect the high performance standards we consistently strive for. We met significant challenges successfully producing returns on average equity of 22.8% and average assets of 1.89%. Sound balance sheet management contributed to growth in net interest income of 5.2% or $1,205,000 over the prior year. Non interest income grew 15.4% primarily from the successful operation of Bridge Abstract, demonstrating the relevance of our efforts to diversify our income stream. Total assets grew 7.0% despite ever increasing competition in our markets. Our capital levels position us well for future growth.'"
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