This Day On The Street
Continue to site
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

Bridge Capital Holdings Reports Financial Results For The Third Quarter And Nine Months Ended September 30, 2011

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

The Company reported net operating income of $2.2 million for the three months ended September 30, 2011 representing an increase of $417,000, or 23%, from $1.8 million in the quarter ended June 30, 2011 and an increase of $881,000, or 67%, compared to net operating income of $1.3 million for the same period one year ago.

For the quarter ended September 30, 2011, the Company reported earnings per diluted share of $0.15, which compares with $0.12 for the quarter ended June 30, 2011. This also compares with earnings per share of $0.09 for the quarter ended September 30, 2010, which included preferred dividend payments of $299,000. Due to the repayment of TARP funds in 2011, the Company no longer has any preferred dividend payments.

The Company reported net operating income of $5.5 million for the nine months ended September 30, 2011 representing an increase of $3.1 million, compared to net operating income of $2.4 million for the same period one year ago. Net income available to common shareholders was reduced by preferred dividends of $200,000 and $1.7 million during the nine months ended September 30, 2011 and 2010, respectively, resulting in earnings per diluted share of $0.37 and $0.08, respectively.

For the quarter ended September 30, 2011, the Company’s return on average assets and return on average equity were 0.81% and 6.94%, respectively, and compared to 0.73% and 5.82%, respectively, for the quarter ended June 30, 2011 and 0.58% and 4.65%, respectively, for the same period in 2010. For the nine months ended September 30, 2011, the Company’s return on average assets and return on average equity were 0.72% and 5.80%, respectively, and compared to 0.37% and 2.93%, respectively, for the same period in 2010.

1 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs