Bryn Mawr Bank (BMTC) 8-K This presentation contains statements which, to the extent that they are not recitations of

Third Quarter

2012

Update

September 30, 2012

Bryn Mawr Bank

Corporation

NASDAQ: BMTC

Strong -

Stable -

Secure

Exhibit 99.1

Safe Harbor

•

This presentation contains statements which, to the extent that they are not recitations of

historical fact may constitute forward-looking statements for purposes of the Securities Act

of

1933,

as

amended,

and

the

Securities

Exchange

Act

of

1934,

as

amended.

•

Please see the section titled Safe Harbor at the end of the presentation for more information

regarding these types of statements.

•

The

information

contained

in

this

presentation

is

correct

only

as

of

November

9,

2012. Our

business, financial condition, results of operations and prospects may have changed since

that date, and we do not undertake to update such information.

1

2

Bryn Mawr Bank Corporation

Profile

Founded in 1889 –

122 year history

A unique business model with a traditional commercial bank ($1.8

billion)

and a trust company ($6.5 billion) under one roof at September 30, 2012

Wholly owned subsidiary –

The Bryn Mawr Trust Company

Largest community bank in Philadelphia’s affluent western suburbs

3 wealth acquisitions and 1 bank acquisition completed since 2008

Experienced and committed management team

3

Southeast PA / DE Branch Footprint

4

Investment Considerations

Quarterly dividend of $0.16

per share

Profitability Ratios:

The Corporation’s shareholders’

equity grew $16.9 million or 9.2% from

December 31, 2011 to September 30, 2012

Emphasize increasing earnings per share going forward

Diversified revenue base: non-interest income 43% of total revenue for

the 3-months ended September 30, 2012

9/30/2012

12/31/2011

Return on Average Assets (ROA)

1.18%

1.13%

Return on Average Equity (ROE)

10.93%

10.63%

Return on Average Tangible Equity (ROTE)

14.87%

13.67%

5

Comments on BMTC from Bank Analysts

Due to its profitability and revenue mix, we believe Bryn Mawr

warrants a premium multiple 

(Sterne Agee, July 2012)

In what remains a tough operating environment for banks, Bryn

Mawr’s results demonstrate the benefits of a diversified revenue

stream

(Keefe, Bruyette & Woods, July 2012)

Revenue diversity helps defray margin pressure, maintain buy rating

(Stifel Nicolaus, July 2012)

Going forward, despite fierce macroeconomic headwinds, we believe

management’s efforts are likely to produce significant core EPS

growth

(Merion Research, October 2012)

6

Year to Date 2012 BMTC Stock Performance

Closing price on December 30, 2011:

$19.49

Closing price on September 30, 2012:

$22.44

Dividends

declared

per

share

–

9

months

2012:

$0.48

Security or Index

Year to Date

2012 Return

3 Year Annualized

Return**

Trailing 12-Month

Dividend Yield

BMTC*

17.83%

2.20%

2.81%

NASDAQ Bank Index*

18.56%

-5.08%

2.01%

KBW Bank Index*

27.88%

-2.33%

1.89%

*Source: Bloomberg

** Annualized return -12/31/2008 to 12/31/2011

7

Consistent BMTC Annual Dividend

Year

Annual

Dividend

Dividend Yield

Year-End

Dividend Payout

Ratio

2008

$0.54

2.69%

50.0%

2009

$0.56

3.71%

47.5%

2010

$0.56

3.21%

65.9%*

2011

$0.60

3.08%

39.0%

2012

$0.64**

2.85%**

39.8%**

*Excluding the $5.7 million of merger related and due diligence expense, the dividend payout ratio was 46.0%.

** Expected annualized 2012 figures.

Growth

Initiatives

9

2012 Strategic Initiatives

3-8-3 Strategic Plan

$3 billion in Banking assets -

$8 billion in Wealth assets –

3 years

(December 2014)

Approved by the Board of Directors on May 8, 2012

Organic growth –

opportunistic expansion

Inorganic

growth

criterion

-

Acquisitions

to

be

strategic

and

accretive to earnings per share in first 12 months (excluding merger

costs)

10

2012

Strategic

Initiatives

-

continued

Close the First Bank of Delaware acquisition

Focus on the net interest margin

Concentrate on growing fee based income

Continued emphasis on strong credit quality

Integrate, streamline and assimilate recent acquisitions into more

effective and efficient wealth operations

Enhance and upgrade IT infrastructure

Purchase of Deposits and Loans from First Bank of

Delaware

•

Announced May 2, 2012

•

Purchasing approximately $70 million of deposits and $90 million

of loans

•

Loan Composition: $12 million at a discount of 18%; balance at par

•

Deposits: effective deposit premium of 1%

•

Opportunity to enter an attractive market with an established loan portfolio

•

After-tax transaction costs estimated at $1.2 million

•

Expected to close in the fourth quarter of 2012, pending certain

conditions

11

12

Purchase of Deposits and Loans from First

Bank of Delaware -

continued

Branch is located along heavily traveled Wilmington Pike (Route 202)

Compliments Lau Associates and Bryn Mawr Trust Company of Delaware

First Bank of Delaware branch presents a market penetrating opportunity to obtain an  

established local presence

Branch will serve as a launching pad for additional branches in the market

Strategically

Compelling

Low Risk

Transaction

Detailed due diligence completed with detailed underwriting

Acquired loans are performing and loan marks conservative

Substantial protection via Purchase and Assumption Agreement

Financially

Attractive

Material EPS accretion

Nominal tangible book value dilution

Internal rate of return in excess of internal thresholds

Financial

Review

The following financial highlights include revisions to

selected financial data resulting from the correction of an

immaterial accounting error. See slides 35-37 at the end

of this presentation for details.  

14

Financial Highlights

3

rd

Qtr

2012

2

nd

Qtr

2012

1

st

Qtr

2012

4

th

Qtr

2011

3

rd

Qtr

2011

Total Assets

($ in billions)

$1.81

$1.85

$1.84

$1.77

$1.76

Portfolio Loans & Leases

($ in billions)

$1.31

$1.30

$1.30

$1.29

$1.28

Total Deposits

($ in billions)

$1.40

$1.43

$1.43

$1.38

$1.35

Total Wealth Assets

($ in billions)

$6.48

$6.28

$5.15

$4.83

$4.50

Market Capitalization

($ in millions)

$296.8

$280.1

$297.4

$253.2

$215.0

Net Income

($ in millions)

$5.43

$5.35

$5.07

$5.00

$5.23

15

Financial Highlights -

continued

3

rd

Qtr

2012

2

nd

Qtr

2012

1

st

Qtr

2012

4

th

Qtr

2011

3

rd

Qtr

2011

Diluted Earnings Per

Common Share

$0.41

$0.40

$0.39

$0.38

$0.41

Dividends Declared

$0.16

$0.16

$0.16

$0.15

$0.15

Book Value Per Share

$15.02

$14.73

$14.40

$14.07

$14.29

Tangible Book Value Per

Share

$11.14

$10.77

$11.20

$10.78

$11.08

Tangible Common Equity

Ratio

8.58%

8.07%

8.22%

8.19%

8.41%

Efficiency Ratio

67.0%

66.4%

65.7%

65.4%

62.8%

Efficiency Ratio

(excluding merger/due diligence costs)

65.9%

63.1%

64.9%

65.7%

62.3%

16

Quarterly Net Interest Margin

On a tax-equivalent basis

3.90%

3.91%

3.93%

3.84%

3.78%

3.0%

3.2%

3.4%

3.6%

3.8%

4.0%

4.2%

17

Quarterly Non-Interest Income

(As a % of Total Revenue)

37%

37%

37%

42%

43%

15%

25%

35%

45%

55%

18

Capital Considerations

Maintain a “well capitalized”

capital position including a target tangible

common equity to tangible asset ratio of 8.00%

Selectively add capital to maintain capital levels and fund asset growth and

acquisitions

Strong emphasis on retained earnings going forward

Shareholders’

equity grew $16.9 million or 9.2% from December 31, 2011

to September 30, 2012

Shelf Registration (Form S-3) of $150 million provides the ability to raise

capital as needed including a Dividend Reinvestment and Direct Stock

Purchase Plan with Waiver

19

Capital Position -

Bryn Mawr Bank Corporation

9/30/2012*

6/30/2012

3/31/2012

Tier I

11.64%

11.30%

11.52%

Total (Tier II)

13.74%

13.90%

14.23%

Tier I Leverage

8.98%

8.80%

9.07%

Tangible Common

Equity

8.58%

8.07%

8.22%

*September 30, 2012 and June 30, 2012 figures reflect the acquisition of Davidson Trust Company and intangible

assets of $11.0 million. The September 30, 2012 figures reflect the Davidson Trust Company acquisition and the

prepayment of $7.5 million of subordinated debt at 6.22% on September 14, 2012.

Wealth

Division

Review

21

$2.28

$2.15

$2.87

$3.41

$4.83

$6.48

$1.5

$2.5

$3.5

$4.5

$5.5

$6.5

$7.5

2007

2008

2009

2010

2011

3rd Qtr 2012

Wealth Assets Under Management, Administration,

Supervision and Brokerage

($ in billions)

Excludes Community Bank’s assets in 2007

22

Wealth Management Fees

($ in millions)

* Annualized run rate is approximately $32 million for Wealth Management Revenue

using

3

rd

quarter

of

2012

$13.5

$13.8

$14.2

$15.5

$21.7

$21.4

$0.0

$5.0

$10.0

$15.0

$20.0

$25.0

2007

2008

2009

2010

2011

3rd Qtr

2012*

23

Wealth Division Highlights  

Wealth

Management

(Bryn Mawr, Hershey, Davidson Trust)

$4.66 billion in assets

Integrated solutions to protect and preserve wealth

Estate Planning

Retirement Planning

Investment Management

Custody Services

Philanthropic Services

Fiduciary Trust Services

Long standing client relationships

24

Wealth Division Highlights -

continued

Bryn Mawr Asset Management (Bryn Mawr, PA)

$305 million in assets

Brokerage services, asset allocation, objective advice

“Lift Out”

strategy with other opportunities being continuously evaluated

BMTC of Delaware (Greenville, DE)

$918 million in assets

Provides

corporate

fiduciary

and

administrative

trustee

services

under

Delaware law and the full spectrum of tax advantaged strategies

Lau Associates (Greenville, DE)

$604 million in assets

Fee-only, independent multi-family office providing highly personalized

service and sophisticated financial planning

Credit

Review

26

Portfolio Loan & Lease Growth

($ in millions)

* From 2010 forward, includes the addition of the First Keystone

loan portfolio.

**  Proforma at September 30, 2012 including First Bank of Delaware: $1.41 billion in total loans and

leases.

$803

$900

$886

$1,197

$1,295

$1,314

$500

$700

$900

$1,100

$1,300

$1,500

2007

2008

2009

2010*

2011

3rd Qtr 2012**

27

Loan Composition at September 30, 2012

($ in millions)

Total loans and leases of $1.314 billion

$472

$274

$214

$301

$22

$31

Commercial Mortgages

(36%)

Commercial & Industrial

(21%)

Home Equity & Consumer

Loans (16%)

Residential Mortgages    

(23%)

Construction                        

(2%)

Leases                               

(2%)

28

Quarterly Asset Quality Data

3

rd

Qtr

2012

2

nd

Qtr

2012

1

st

Qtr

2012

4

th

Qtr

2011

3

rd

Qtr

2011

Non-Performing Loans as a % of

Portfolio Loans and Leases

1.05%

1.41%

1.73%

1.11%

1.11%

Allowance as a % of Portfolio

Loans and Leases

1.04%

1.01%

1.00%

0.98%

0.91%

Non-Performing Assets as a % of

Assets

0.78%

1.03%

1.25%

0.84%

0.88%

Annualized Net Charge-Offs as a % 

of average quarterly loans and

leases

0.16%

0.28%

0.23%

-0.01%

0.49%

29

Loan and Lease Updates

4

th

quarter

2012

loan

pipeline

looks

promising

Recent hires of experienced lenders has been beneficial as they have

brought increased business to the Bank

The lease portfolio at September 30, 2012 is $31 million, has an

average

yield of 9.97% and a delinquency rate of 0.33%

Significant decline in non-performing assets from $23.0 million at March

31, 2012 to $14.2 million at September 30, 2012

30

Summary

Outstanding franchise in a stable market

Focus on Wealth Services, Business Banking and Residential Mortgage

Diversified income base –

non interest income 43% at September 30,

2012

Outstanding loan quality in a difficult economic environment

Sound business strategy, strong asset quality, well capitalized and solid

risk management procedures serve as a foundation for potential strategic

expansion

31

Ted Peters, Chairman

610-581-4800

tpeters@bmtc.com

Frank Leto, EVP

610-581-4730

fleto@bmtc.com

Joseph Keefer, EVP

610-581-4869

jkeefer@bmtc.com

Duncan Smith, CFO

610-526 –2466

jdsmith@bmtc.com

Aaron Strenkoski, VP –

Investments & Shareholder Relations –

610-581-4822 –

astrenkoski@bmtc.com

32

This presentation contains statements which, to the extent that they are not recitations of

historical fact may constitute forward-looking statements for purposes of the Securities Act of

1933, as amended, and the Securities Exchange Act of 1934, as amended. Such forward-looking

statements may include financial and other projections as well as statements regarding Bryn

Mawr Bank Corporation’s (the “Corporation”) that may include future plans, objectives,

performance, revenues, growth, profits, operating expenses or the Corporation’s underlying

assumptions. The words “may”, “would”, “should”, “could”, “will”, “likely”, “possibly”, “expect,”

“anticipate,”

“intend”,

“estimate”,

“target”,

“potentially”,

“probably”,

“outlook”,

“predict”,

“contemplate”,

“continue”,

“plan”,

“forecast”,

“project”

and

“believe”

or

other

similar

words,

phrases

or concepts may identify forward-looking statements. Persons reading or present at this

presentation are cautioned that such statements are only predictions, and that the Corporation’s

actual future results or performance may be materially different.

Such forward-looking statements involve known and unknown risks and uncertainties. A number

of factors, many of which are beyond the Corporation’s control, could cause our actual results,

events or developments, or industry results, to be materially different from any future results,

events

or

developments

expressed,

implied

or

anticipated

by

such

forward-looking

statements,

and so our business and financial condition and results of operations could be materially and

adversely affected.

Safe Harbor

33

Safe Harbor (continued)

Such factors include, among others, our need for capital, our ability to control operating costs and

expenses, and to manage loan and lease delinquency rates; the credit risks of lending activities

and overall quality of the composition of our loan, lease and securities portfolio; the impact of

economic conditions, consumer and business spending habits, and real estate market conditions

on

our

business

and

in

our

market

area;

changes

in

the

levels

of

general

interest

rates,

deposit

interest rates, or net interest margin and funding sources; changes in banking regulations and

policies and the possibility that any banking agency approvals we might require for certain

activities will not be obtained in a timely manner or at all or will be conditioned in a manner that

would impair our ability to implement our business plans; changes in accounting policies and

practices; the inability of key third-party providers to perform their obligations to us; our ability to

attract and retain key personnel; competition in our marketplace; war or terrorist activities;

material differences in the actual financial results, cost savings and revenue enhancements

associated with our acquisitions including our contemplated acquisition of the First Bank of

Delaware; and other factors as described in our securities filings. All forward-looking statements

and information made herein are based on Management’s current beliefs and assumptions as of

November

9,

2012

and

speak

only

as

of

that

date.

The

Corporation

does

not

undertake

to

update forward-looking statements.

34

Safe Harbor (continued)

For a complete discussion of the assumptions, risks and uncertainties related to our business, you

are encouraged to review our filings with the Securities and Exchange Commission, including our

most recent annual report on Form 10-K, as well as any changes in risk factors that we may

identify in our quarterly or other reports filed with the SEC.

This

presentation

is

for

discussion

purposes

only,

and

shall

not

constitute

any

offer

to

sell

or

the

solicitation

of

an

offer

to

buy

any

security,

nor

is

it

intended

to

give

rise

to

any

legal

relationship

between

the

Corporation

and

you

or

any

other

person,

nor

is

it

a

recommendation

to

buy

any

securities or enter into any transaction with the Corporation.

The information contained herein is preliminary and material changes to such information may be

made at any time. If any offer of securities is made, it shall be made pursuant to a definitive

offering memorandum or prospectus (“Offering Memorandum”) prepared by or on behalf of the

Corporation, which would contain material information not contained herein and which shall

supersede, amend and supplement this information in its entirety.  Any decision to invest in the

Corporation’s securities should be made after reviewing an Offering Memorandum, conducting

such investigations as the investor deems necessary or appropriate, and consulting the investor’s

own legal, accounting, tax, and other advisors in order to make an independent determination of

the suitability and consequences of an investment in such securities.

35

Safe Harbor (continued)

No offer to purchase securities of the Corporation will be made or accepted prior to receipt by an

investor of an Offering Memorandum and relevant subscription documentation, all of which must

be reviewed together with the Corporation’s then-current financial statements and, with respect to

the subscription documentation, completed and returned to the Corporation in its entirety.  Unless

purchasing in an offering of securities registered pursuant to the Securities Act of 1933, as

amended,

all

investors

must

be

“accredited

investors”

as

defined

in

the

securities

laws

of

the

United States before they can invest in the Corporation.

Correction of an Immaterial Accounting Error

In September 2012, the Corporation identified an immaterial accounting error related to two of its

deferred compensation plans. The provisions of the deferred compensation plans enabled certain

executives and directors to have bonus payments and director fees deferred, and allowed the

participants

to

direct

the

investment

of

these

deferred

amounts.

Because

one

of

the

investment

choices offered to the participants was the Corporation’s common stock, this stock was placed in

a trust owned by the Corporation whose fair market value was periodically adjusted to reflect

changes in the stock’s price. The portion of this trust that contained the Corporation’s common

stock was incorrectly reported as an asset on the Corporation’s balance sheet.

36

Safe Harbor (continued)

Changes in the fair market value of the asset were reflected as increases or decreases in the

value of the asset, as well as increases or decreases in the value of the liability to the

participants. The stock held in the trust should have been classified as treasury stock and

should

have

been

reported

in

the

stockholders’

equity

section

of

the

Corporation’s

balance

sheet, at cost. The resulting corrections involved adjustments to assets and stockholders’

equity, as well as adjustments to other operating expense, as changes in the fair market value

of the Corporation’s common stock held in the trust are charged to deferred compensation

expense, a component of other operating expense. All periods presented in the tables

accompanying

this

presentation

have

been

revised

to

reflect

this

correction.

In

addition,

a

reconciliation of net income, basic and diluted earnings per common share, total assets,

retained earnings, and number of shares and cost of treasury stock, indicating their originally

reported amounts and their corrected amounts, is included after this slide.

Effect of Immaterial Correction of Accounting Error

Income Statement Effect

(dollars in thousands except share data)

	For The Three Months Ended June 30, 2012							For The Three Months Ended March 31, 2012							For The Three Months Ended December 31, 2011							For The Three Months Ended September 30, 2011
	Originally Reported		Corrected		Difference			Originally Reported		Corrected		Difference			Originally Reported		Corrected		Difference			Originally Reported		Corrected		Difference
Net Income	$	5,261	$	5,345	$	84		$	5,235	$	5,074	$	(161	)	$	5,170	$	5,004	$	(166	)	$	5,022	$	5,230	$	208
Basic earnings per common share	$	0.40	$	0.41	$	0.01		$	0.40	$	0.39	$	(0.01	)	$	0.40	$	0.39	$	(0.01	)	$	0.39	$	0.41	$	0.02
Diluted earnings per common share	$	0.40	$	0.40	$	—		$	0.40	$	0.39	$	(0.01	)	$	0.39	$	0.39	$	—		$	0.39	$	0.41	$	0.02
	For The Nine Months Ended September 30, 2011
	Originally Reported		Corrected		Difference
Net Income	$	14,543	$	14,598	$	55
Basic earnings per common share	$	1.15	$	1.16	$	0.01
Diluted earnings per common share	$	1.15	$	1.16	$	0.01
Balance Sheet Effect
(dollars in thousands except share data)
	As of June 30, 2012							As of March 31, 2012							As of December 31, 2011							As of September 30, 2011
	Originally Reported		Corrected		Difference			Originally Reported		Corrected		Difference			Originally Reported		Corrected		Difference			Originally Reported		Corrected		Difference
Total assets	$	1,854,885	$	1,853,355	$	(1,530	)	$	1,838,075	$	1,836,411	$	(1,664	)	$	1,774,907	$	1,773,373	$	(1,534	)	$	1,757,119	$	1,755,770	$	(1,349	)
Retained earnings	$	132,837	$	132,420	$	(417	)	$	129,702	$	129,201	$	(501	)	$	126,582	$	126,242	$	(340	)	$	123,377	$	123,203	$	(174	)
Cost of treasury stock	$	29,789	$	30,901	$	1,112		$	29,833	$	30,995	$	1,162		$	29,833	$	31,027	$	1,194		$	29,833	$	31,008	$	1,175
Shares of treasury stock		2,905,293		2,988,561		83,268			2,909,542		2,995,681		86,139			2,909,542		2,997,628		88,086			2,909,542		2,996,600		87,058