This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Bridge Capital Holdings Reports Financial Results For The Second Quarter And Six Months Ended June 30, 2011

Stocks in this article: BBNK

Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, announced today its financial results for the second quarter and six months ended June 30, 2011.

The Company reported net operating income of $1.8 million for the three months ended June 30, 2011, representing an increase of $216,000, or 14%, from $1.6 million in the quarter ended March 31, 2011, and an increase of $1.0 million, or 137%, compared to net operating income of $755,000 for the same period one year ago.

For the quarter ended June 30, 2011, the Company did not pay any preferred dividends and as a result reported earnings per diluted share of $0.12. Net income available to common shareholders was reduced by preferred dividends of $200,000 during the first quarter of 2011 and $298,000 for the quarter ended June 30, 2010, resulting in earnings per diluted common share of $0.09 and $0.04, respectively.

The Company reported net operating income of $3.3 million for the six months ended June 30, 2011, representing an increase of $2.2 million, compared to net operating income of $1.1 million for the same period one year ago. Net income available to common shareholders was reduced by preferred dividends of $200,000 and $1.4 million during the six months ended June 30, 2011 and 2010, respectively, resulting in earnings per diluted share of $0.22 and a loss per diluted share of $(0.03), respectively.

For the quarter ended June 30, 2011, the Company’s return on average assets and return on average equity were 0.73% and 5.82%, respectively, and compared to 0.62% and 4.69%, respectively, for the quarter ended March 31, 2011, and 0.35% and 2.72%, respectively, for the same period in 2010. For the six months ended June 30, 2011, the Company’s return on average assets and return on average equity were 0.67% and 5.23%, respectively, and compared to 0.26% and 2.04%, respectively, for the same period in 2010.

1 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs