Business

Bridgehampton National Bank reports record core net income

Bridgehampton National Bank in Wading River. (Credit: Paul Squire file)
Bridgehampton National Bank in Wading River. (Credit: Paul Squire file)

In its 2014 first quarter report, Bridge Bancorp, Inc., parent company of Bridgehampton National Bank (BNB), announced a record core net income and core earnings per share of $4 million and 35 cents per share — a 39 percent increase in core net income over March 2013.  

Loan growth increased $274 million, or 32 percent, compared to March 2013. Total assets were reported at $2.1 billion, 34 percent higher than the previous year.

Founded in 1910, Bridge Bancorp, Inc. operates 26 retail branch locations in Nassau and Suffolk counties.