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TheStreet Open House

Bridge Capital Holdings Reports Financial Results For The Second Quarter And Six Months Ended June 30, 2012

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, 2012.

The Company reported net income of $3.3 million for the three months ended June 30, 2012, representing an increase of $601,000, or 22%, from $2.7 million in the quarter ended March 31, 2012 and an increase of $1.5 million, or 85%, compared to net income of $1.8 million for the same period one year ago.

For the quarter ended June 30, 2012, the Company reported earnings per diluted share of $0.22, which compares with $0.18 for the quarter ended March 31, 2012. This also compares with earnings per diluted share of $0.12 for the quarter ended June 30, 2011.

The Company reported net income of $6.0 million for the six months ended June 30, 2012 representing an increase of $2.7 million, compared to net income of $3.3 million for the same period one year ago. For the six months ended June 30, 2012, the Company reported earnings per diluted share of $0.40 compared to $0.22 for the six months ended June 30, 2011, which included preferred dividend payments of $200,000. The Company retired the preferred stock issued under TARP in March of 2011 and, as a result, no longer has any preferred dividend payments.

For the quarter ended June 30, 2012, the Company’s return on average assets and return on average equity were 1.14% and 9.81%, respectively, and compared to 0.94% and 8.21%, respectively, for the quarter ended March 31, 2012 and 0.73% and 5.82%, respectively, for the same period in 2011. For the six months ended June 30, 2012, the Company’s return on average assets and return on average equity were 1.04% and 9.02%, respectively, and compared to 0.67% and 5.23%, respectively, for the same period in 2011.

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