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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Q3 2020 Bridge Bancorp Inc Earnings Call Transcript

Oct 28, 2020 / 02:00PM GMT
Release Date Price: $18.62 (-2.92%)
Operator

Good day, and welcome to the Bridge Bancorp Third Quarter 2020 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Kevin O'Connor, President and CEO. Please go ahead, sir.

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

' -

Good morning, and thank you for being on the call. This morning, I'm again joined by our CFO, John McCaffery. I'd like to cover our quarterly performance, share some business updates and discuss the status of our planned Q1 merger with Dime Community.

We saw a lot of positive momentum in the third quarter, with net income inclusive of merger expenses of $13.3 million or EPS of $0.66 per share. When cost associated with the merger is excluded, our adjusted net income was $15.4 million or EPS of $0.77 per share. These positive outcomes occurred despite headwinds driven by low rates and the economic uncertainty caused by the global pandemic. These good numbers were largely due to loan growth fueled by PPP, a

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