Shareholders Annual Meeting
April 25, 2013
Bryn Mawr Bank Corporation
NASDAQ: BMTC
Strong—Stable—Secure
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 begins on slide 32 for more information regarding these types of statements.
The information contained in this presentation is correct only as of April 25, 2013. Our business, financial condition, results of operations and prospects may have changed since that date, and we do not undertake to update such information.
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Southeast PA / DE Branch Footprint
• 19 BMTC Full Service Branch Locations
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Profitability
2012 dividend of $0.64 per share ($0.16 per quarter); Increased to $0.17 per quarter on January 24, 2013
Profitability Ratios, Excluding Tax-Effected Merger Expenses (a non-GAAP measure)*:
Full Year 12/31/2012 12/31/2011
Return on Average Assets (ROA)* 1.25% 1.15%
Return on Average Equity (ROE)* 11.79% 11.30%
Return on Average Tangible Equity 15.73% 14.10%
(ROTE)*
* See Non-GAAP Measures disclosure
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2012 BMTC Stock Performance
Closing price on December 30, 2011: $19.49 Closing price on December 31, 2012: $22.27 Dividends declared per share 12 months 2012: $0.64
2012 Total 3 Year Annualized Trailing 12-Month
Security or Index Return Return** Dividend Yield
BMTC* 17.81% 17.40% 2.87%
NASDAQ Bank Index* 18.73% 6.65% 2.29%
** Annualized return -12/31/2009 to 12/31/2012
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Growth Initiatives
2013 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)
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2013 Strategic Initiatives—continued
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 throughout the organization
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Acquisition of Davidson Trust Company
Closed in May 2012
Purchase price $10.5 Million in cash.
Accretive to earnings per share in the first 12 months*
Profile:
Approximately $1 Billion in assets under management and supervision
30 year history in market
80% Investment Management; 20% Fiduciary Trust Significant cross selling opportunities
* Excluding one time merger costs
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Purchase of Deposits and Loans from First Bank of Delaware
Closed November 19, 2012
Purchased approximately $70 million of deposits and $80 million of loans providing a positive influence on net interest income and the net interest margin
Acquired and opened first branch in Delaware
Became the Bank’s 18th full service branch
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MidCoast Community Bancorp, Inc. Acquisition*
Acquisition will add approximately $235 million in loans and $250 million in deposits
Enhances recent Delaware expansion with First Bank of Delaware acquisition
Increases branches from 1 to 5 in Delaware
Expected to be immediately accretive to earnings (excluding merger costs)
Great opportunity to cross-sell other services to these clients
* Subject to applicable regulatory and MidCoast shareholder approval 10
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Financial Review
Non-GAAP Measures
$ in thousands Full Year 2012 Full Year 2011
Net income (a GAAP measure) $21,147 $19,602
Add: Tax-effected due diligence
and merger-related expenses $1,709 $349
Net income, exclusive of tax-
effected due diligence and merger-
related expenses (a non-GAAP $22,856 $19,951
measure)
Assumed effective tax rate of 35%
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Financial Highlights
4th Qtr 2012 4th Qtr 2011
Total assets
$ 2.04 $ 1.77
($ in billions)
Total wealth assets
$ 6.66 $ 4.83
($ in billions)
Net Interest Margin 3.86% 3.91%
Non-Interest Income (as % of
total revenue) 42% 37%
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Quarterly Net Interest Margin
On a tax-equivalent basis
4.2%
4.0% 3.91% 3.93% 3.84% 3.78% 3.86%
3.8%
3.6%
34%.
3.2%
3.0%
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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
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Wealth Division Review
Wealth Assets Under Management, Administration, Supervision and Brokerage
($ in billions)
$7.5 $ 6.66
$ 6.5
$ 5.5 $ 4.83
$ 4.5
$ 3.41
$ 3.5 $ 2.28 $ 2.15 $ 2.87
$ 2.5
$ 1.5
2007 2008 2009 2010 2011 2012
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Wealth Management Fees
($ in millions)
$35.0 $29.8
$30.0
$25.0 $21.7
$20.0 $13.5 $13.8 $15.5
$15.0 $14.2
$10.0
$5.0
$0.0
2007 2008 2009 2010 2011 2012
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Credit Review
Portfolio Loan & Lease Growth
($ in millions)
$1,500 $1,398
$1,295
$1,300 $1,197
$1,100
$900 $886
$900 $803
$700
$500
2007 2008 2009 2010* 2011 2012**
* From 2010 forward, includes the addition of the First Keystone loan portfolio.
** From 2012 forward, includes the addition of the loans acquired from First Bank of Delaware.
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Quarterly Asset Quality Data
4th Qtr 3rd Qtr 2nd Qtr 1st Qtr 4th Qtr
2012 2012 2012 2012 2011
Non-performing assets 0.77% 0.78% 1.03% 1.25% 0.84%
as a % of assets
Annualized charge-offs
as a % of average
quarterly loans and 0.07% 0.16% 0.28% 0.23% -0.01%
leases
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Summary
Outstanding franchise in a stable market
Focus on Wealth Services, Business Banking and Residential Mortgage
Diversified income base – non interest income 42% of total revenue for the twelve months ended December 21, 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
Focus on earnings per share growth
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Important Information
On March 27, 2013, Bryn Mawr Bank Corporation (“BMBC”) and MidCoast Community Bancorp, Inc. (“MCBI”) entered into an Agreement and Plan of Merger pursuant to which MCBI will merge with and into BMBC (the “Merger”).
BMBC will file with the SEC a Registration Statement on Form S-4 concerning the Merger. The Registration Statement will include a prospectus for the offer and sale of BMBC common stock to MCBI shareholders as well as a proxy statement of MCBI for the solicitation of proxies from its shareholders for use at the meeting at which the Merger will be voted upon. The combined prospectus and proxy statement and other documents filed by BMBC with the SEC will contain important information about BMBC, MCBI, and the Merger. We urge investors and MCBI shareholders to read carefully the combined prospectus and proxy statement and other documents filed with the SEC, including any amendments or supplements also filed with the SEC. MCBI shareholders in particular should read the combined prospectus and proxy statement carefully before making a decision concerning the Merger. Investors and shareholders will be able to obtain a free copy of the combined prospectus and proxy statement – along with other filings containing information about BMBC – at the SEC’s website at http://www.sec.gov. Copies of the combined prospectus and proxy statement, and the filings with the SEC incorporated by reference in the combined prospectus and proxy statement, can also be obtained free of charge by directing a request to Bryn Mawr Bank Corporation, 801 Lancaster Avenue, Bryn Mawr, PA 19010, attention Geoffrey L. Halberstadt, Secretary, telephone (610) 581-4873.
MCBI, BMBC and certain of their directors and executive officers may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies from shareholders in connection with the Merger. Information concerning the interests of the persons who may be considered “participants” in the solicitation as well as additional information concerning MCBI’s and BMBC’s directors and executive officers will be set forth in the combined prospectus and proxy statement relating to the Merger. Information concerning BMBC’s directors and executive officers is also set forth in BMBC’s proxy statement and annual report on Form 10-K (including any amendments thereto), previously filed with the SEC.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation, or sale is unlawful before registration or qualification of the securities under the securities laws of the jurisdiction. No offer of securities shall be made except by means of a prospectus satisfying the requirements of Section 10 of the Securities Act of 1933, as amended.
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