BCB’s 6 Month Consolidated Net Income: $7.9M
Bermuda Commercial Bank Limited announced its results for the six month period ended March 31, 2014, with a consolidated net income of $7.9 million, as compared to $5.1 million in 2013.
Commenting on the financial results, J. Michael Collier, Chairman of BCB stated: “The Bank continues to maintain its commitment to a strong balance sheet and capital base.
“In addition, the Bank’s experienced staff and its ability to provide superior customer service to corporate and private wealth clients, finds the Bank well positioned for future growth.
“I would like to take this opportunity to extend a special thank you to all of our staff, shareholders and clients for their continued support.”
Peter Horton, CEO of the Bank commented: “We are extremely pleased with these excellent half year results. The strong earnings base, clean balance sheet and excellent capital structure positions us very well for the future.
“During the remainder of the year we will continue to develop the franchise, investing in infrastructure, our people, and at the same time retaining an extremely strong financial profile.”
