Bridge Capital Holdings Reports Financial Results For The Third Quarter And Nine Months Ended September 30, 2012

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, 2012.

The Company reported net income of $4.4 million for the three months ended September 30, 2012, representing an increase of $1.1 million, or 32%, from $3.3 million in the quarter ended June 30, 2012 and an increase of $2.2 million, or 98%, compared to net income of $2.2 million for the same period one year ago.

For the quarter ended September 30, 2012, the Company reported earnings per diluted share of $0.29, which compares with $0.22 for the quarter ended June 30, 2012. This also compares with earnings per diluted share of $0.15 for the quarter ended September 30, 2011.

The Company reported net income of $10.4 million for the nine months ended September 30, 2012 representing an increase of $5.0 million, compared to net income of $5.4 million for the same period one year ago. For the nine months ended September 30, 2012, the Company reported earnings per diluted share of $0.70 compared to $0.37 for the nine months ended September 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 September 30, 2012, the Company’s return on average assets and return on average equity were 1.43% and 12.38%, respectively, and compared to 1.14% and 9.81%, respectively, for the quarter ended June 30, 2012 and 0.81% and 6.94%, respectively, for the same period in 2011. For the nine months ended September 30, 2012, the Company’s return on average assets and return on average equity were 1.18% and 10.18%, respectively, and compared to 0.72% and 5.80%, respectively, for the same period in 2011.

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