Bryn Mawr Trusts increased focused on wealth management continues to lift earnings for the Pennsylvania-based community bank. In the third quarter of 2012, wealth management services generated $8 million in revenue for Bryn Mawr, up 31.1% from $6.1 million in the same quarter a year ago. Year-to-date, revenue from wealth management totaled $21.4 million, a 40% increase from the $15.4 million generated in 2011.
Assets under management surged to $6.5 billion, an increase of $1.7 billion, or 34.2%, from the end of last year, and an increase of $2.0 billion, or 44%, from the end of the third quarter of 2011, according to the banks third-quarter earnings release.
Register or login for access to this item and much more
All Bank Investment Consultant content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access