Bryn Mawr Bank : BMTC 4th Quarter 2020 Investor Presentation

Fourth Quarter 2020 Earnings Review

Frank Leto

Mike Harrington

Liam Brickley

President and	Chief Financial Officer	Chief Credit Officer
Chief Executive Officer

Forward Looking Statements

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 the Bryn Mawr Bank Corporation's (the "Corporation") 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," "indicate," "estimate," "target," "potentially," "promising," "probably," "outlook," "predict," "contemplate," "continue," "plan," "strategy," "forecast," "project," "annualized," "are optimistic," "are looking," "are looking forward" and "believe" or other similar words and phrases may identify forward-looking statements. Persons reading this press release 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. The COVID-19 pandemic (the "Pandemic") is adversely affecting us, our clients, counterparties, employees, and third-party service providers, and the ultimate extent of the impacts on our business, financial position, results of operations, liquidity, and prospects is uncertain. Continued deterioration in general business and economic conditions, including further increases in unemployment rates or turbulence in domestic or global financial markets, could adversely affect our revenues and the values of our assets and liabilities, reduce the availability of funding, lead to a tightening of credit, and further increase stock price volatility. In addition, changes to statutes, regulations, or regulatory policies or practices as a result of, or in response to the Pandemic or changes in the Presidential administration, could affect us in substantial and unpredictable ways. Other 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 or accounting standards, including ASU 2016-13 (Topic 326), "Measurement of Credit Losses on Financial Instruments," commonly referenced as the Current Expected Credit Loss model, which has changed how we estimate credit losses and may result in further increases in the required level of our allowance for credit losses; unanticipated regulatory or legal proceedings, outcomes of litigation or other contingencies; cybersecurity events; 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; social or civil unrest; material differences in the actual financial results, cost savings and revenue enhancements associated with our acquisitions; uncertainty regarding the future of LIBOR; the impact of public health issues and pandemics, and their effects on the economic and business environments in which we operate; the effect of the Pandemic, including on our credit quality and business operations, as well as its impact on general economic and financial market conditions; and other factors as described in our securities filings with the U.S. Securities and Exchange Commission (the "SEC"). All forward-looking statements and information set forth herein are based on Corporation management's current beliefs and assumptions as of the date hereof and speak only as of the date they are made.

The Corporation does not undertake to update forward-looking statements. For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the SEC, including our most recent Annual Report on Form 10-K, as updated by our quarterly or other reports subsequently filed with the SEC, including our most recent Quarterly Report on Form 10-Q.

Member FDIC. Equal Housing Lender. Securities, insurance, foreign exchange, and derivatives products are not a deposit, not FDIC insured, not bank guaranteed, not insured by any federal government agency, and may lose value.

Statement on Non-GAAP Measures: The Corporation uses certain non-GAAP financial measures in its analysis of the Corporation's performance, and believes that the presentation of certain non-GAAP financial measures provides useful supplemental information that is essential to an investor's proper understanding of the results of operations and financial condition of the Corporation. These non-GAAP measures should not be viewed as substitutes for the financial measures determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies.

2	4th Quarter 2020 Earnings Review

Full Year & Fourth Quarter 2020 Recap

• 4th Quarter 2020: Reported net income of $15.5 million or $0.78 diluted earnings per share
• Full Year 2020: Reported net income of $32.6 million or $1.63 diluted earnings per share
• Wealth assets under management hit a record $18.9 billion, growing 10% quarter over quarter, and 15% year over year
• • BMT Delaware grew over 26% in 2020
• Completed several initiatives including the execution on permanent office- space reductions, client facing technological enhancements, and PPP portfolio sale
• Expanded lending team with the hire of a Managing Director of Commercial Banking with a focus on southern New Jersey region

3	4th Quarter 2020 Earnings Review

4th Quarter 2020 Results

Income Statement	4Q20	3Q20	% Change
$ in thousands, except share and per share data
Net interest income	$35,037	$35,032	0%
(Release of) provision for credit losses	(1,209)	4,101	-129%
Net interest income after provision	36,246	30,931	17%
Noninterest income	22,006	21,099	4%
Total noninterest expense	38,624	35,197	10%
Income before income taxes	19,628	16,833	17%
Income tax expense	4,094	3,709	10%
Net income	$15,534	$13,124	18%
Net loss attributable to noncontrolling interest	(3)	(40)	93%
Net income attributable to Bryn Mawr Bank Corporation	$15,537	$13,164	18%
Diluted earnings per common share	$0.78	$0.66
Weighted average diluted shares	20,027,658	20,021,617
Financial Metrics
Core return on average assets*	1.20%	1.02%
Core return on tangible equity*	15.42%	13.47%
Efficiency ratio*	64.81%	61.16%
Tax-equivalent net interest margin	3.04%	3.03%

*Non-GAAP measure, see reconciliation on slides 15-16

4	4th Quarter 2020 Earnings Review