Dime Community Bancshares Inc (NAS:DCOM)
$ 30.67 -0.69 (-2.2%) Market Cap: 1.34 Bil Enterprise Value: 1.66 Bil PE Ratio: 20.45 PB Ratio: 1.05 GF Score: 78/100
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Q2 2020 Bridge Bancorp Inc Earnings Call Transcript

Jul 29, 2020 / 02:00PM GMT
Release Date Price: $18.61 (+4.43%)
Operator

Good morning, and welcome to the Bridge Bancorp Second Quarter 2020 Earnings Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Kevin O'Connor. Please go ahead.

Kevin M. O;Connor
Bridge Bancorp, Inc. - President, CEO & Director

' -

Good morning, and thank you for joining us this morning. I'm joined on this call by our CFO, John McCaffery. Today, he and I will be discussing our quarterly performance as well as our PPP performance and the planned merger we have at Dime Community, scheduled to close sometime in early 2021.

To begin with, I'd like to share some high-level metrics in the second quarter. Net income for the quarter was $10.7 million or EPS of $0.54, with net interest income growing to $40.4 million, an increase of almost $5 million versus second quarter of last year. We experienced positive growth in total assets coming in at $6.2 billion or a 30% increase versus last year same period. Significant increase in loan growth of $1.2 billion, or 35%

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