Comparing the current results to its competitors, Bryn Mawr Bank reported Revenue increase in the 3 quarter 2021 by 15.56 % year on year. The sales growth was above Bryn Mawr Bank's competitors' average revenue growth of 9.3 %, achieved in the same quarter.
Bryn Mawr Bank Corp Net Income in the 3 quarter 2021 grew year on year by 39.12%, faster than the Bryn Mawr Bank's competitors average income growth of 36.67 %
Bryn Mawr Bank's Comment on Competition and Industry Peers
The Corporation and its subsidiaries, including the Bank, compete for deposits,
loans, wealth management and insurance services in Delaware, Montgomery, Chester,
Dauphin and Philadelphia counties in Pennsylvania and New Castle County in Delaware.
The Corporation has a significant presence in the affluent Philadelphia suburbs
along the Route 30 corridor, also known as the “Main Line”. The Corporation
has 26 full-service branches, eight limited-hour retirement community offices,
and five wealth management offices.
The markets in which the Corporation competes are highly competitive. The Corporation’s
direct competition in attracting business is mainly from commercial banks, investment
management companies, savings and loan associations, trust companies and insurance
agencies. The Corporation also competes with credit unions, on-line banking enterprises,
consumer finance companies, mortgage companies, insurance companies, stock brokerage
companies, investment advisory companies and other entities providing one or more
of the services and products offered by the Corporation.
The Corporation is able to compete with the other firms because of its consistent
level of customer service, excellent reputation, professional expertise, full
product line, and its competitive rates and fees. However, there are several negative
factors which can hinder the Corporation’s ability to compete with large
institutions such as its limited number of locations, smaller advertising budget,
lower technology budget, inability to spread out fixed costs and other lack-of-scale-type
disadvantages.
The acquisition of Lau Associates in July 2008 and the formation of BMTC-DE allowed
the Corporation to establish a presence in the State of Delaware, where it competes
for wealth management business. The November 2012 acquisition of certain loan
and deposit accounts and a branch location from First Bank of Delaware enabled
the Corporation to further expand its banking segment in the state of Delaware
by establishing a full-service branch along the Route 202 corridor.
Overall company sales advanced by 15.56 % Bryn Mawr Bank outperformed its competitors in this segment and improved market share, to approx. 0.04 %. << More on BMTC Market Share.
*Market share is calculated based on total revenue.
Pnc Financial Services Group Inc Share Performance
+13.60%
One Year
Pnc Financial Services Group Inc
Profile
PNC Financial Services Group Inc operates as a diversified financial services company, offering an array of banking, investment, and asset management services to both individuals and businesses. The companys business model emphasizes a combination of physical branch locations and advanced digital banking platforms to provide tailored financial solutions that address the specific needs of their customers. By integrating technology with traditional banking services, PNC seeks to enhance customer experience and drive growth across its various financial service offerings.
Oak Valley Bancorp operates as a holding company for Oak Valley Community Bank, providing a range of financial services to individuals and businesses. It generates revenue primarily through interest income from loans and investments, as well as from fees and service charges.
Ohio Valley Banc Corp operates as the bank holding company for Ohio Valley Bank, providing a range of financial services to individuals, businesses, and government entities. Their business model focuses on offering personalized banking solutions, cultivating strong customer relationships, and utilizing their local market expertise to drive growth and profitability.
Old Second Bancorp Inc operates as a bank holding company that provides various banking products and services for individuals and businesses. They offer services such as commercial banking, retail banking, wealth management, and treasury management. Their business model revolves around delivering financial solutions to their customers while striving to generate sustainable growth and profitability within their market.
Orrstown Financial Services Inc operates as a holding company for Orrstown Bank, providing various financial services including commercial banking, consumer banking, and mortgage banking. The company primarily generates revenue through interest income obtained from loans and investments, as well as fees from its banking services.
Sources:
Bryn Mawr Bank Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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