BMTC Profile
Bryn Mawr Bank Corporation (BMTC) is a bank holding company headquartered in Bryn Mawr, Pennsylvania. The company operates through its wholly owned subsidiary, The Bryn Mawr Trust Company, which offers a range of personal and business banking services. The bank operates in Pennsylvania, Delaware, and New Jersey.
BMTC's personal banking services include checking and savings accounts, money market accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), mortgage loans, home equity loans and lines of credit, personal loans, and credit cards. For businesses, the bank offers checking and savings accounts, cash management services, loans and lines of credit, and commercial real estate loans.
As of December 31, 2021, BMTC had total assets of $5.23 billion, deposits of $4.49 billion, and loans of $3.45 billion. The bank has a strong focus on serving the local community and offers various programs to support the community, including financial education programs and donations to local nonprofits.
BMTC has a long history dating back to 1889 and has grown through acquisitions over the years. In 2021, the company completed the acquisition of Royal Bancshares of Pennsylvania, Inc., expanding its presence in the Philadelphia region.
In terms of financial performance, BMTC has reported steady revenue growth over the past few years. In 2021, the bank reported total revenue of $191.6 million, up from $171.8 million in 2020. Net income for 2021 was $29.8 million, compared to $29.2 million in the previous year.
Overall, BMTC is a well-established bank holding company with a strong focus on serving the local community. Its steady financial performance and continued expansion through acquisitions make it a potential investment opportunity for those interested in the banking sector.
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