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Bridge Capital Holdings Reports Financial Results For The Fourth Quarter And Year Ended December 31, 2012

Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, announced today its financial results for the fourth quarter and year ended December 31, 2012.

The Company reported net income of $3.4 million for the three months ended December 31, 2012, representing a decrease of $1.0 million, or 22%, from $4.4 million in the quarter ended September 30, 2012 and an increase of $1.1 million, or 50%, compared to net income of $2.3 million for the same period one year ago.

For the quarter ended December 31, 2012, the Company reported earnings per diluted share of $0.23, which compares with $0.29 for the quarter ended September 30, 2012. This also compares with earnings per diluted share of $0.16 for the quarter ended December 31, 2011.

The Company reported net income of $13.8 million for the year ended December 31, 2012 representing an increase of $6.2 million, compared to net income of $7.8 million for the same period one year ago. For the year ended December 31, 2012, the Company reported earnings per diluted share of $0.92 compared to $0.52 for the year ended December 31, 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 December 31, 2012, the Company’s return on average assets and return on average equity were 1.06% and 9.41%, respectively, and compared to 1.43% and 12.38%, respectively, for the quarter ended September 30, 2012 and 0.82% and 7.09%, respectively, for the same period in 2011. For the year ended December 31, 2012, the Company’s return on average assets and return on average equity were 1.14% and 9.98%, respectively, and compared to 0.75% and 6.12%, respectively, for the same period in 2011.

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