Exhibit 99.1

Press Release

FOR IMMEDIATE RELEASE

Contact:	John M. McCaffery
	Executive Vice President
	Chief Financial Officer
	(631) 537-1001, ext. 7290

BRIDGE BANCORP, INC. REPORTS THIRD QUARTER 2020 RESULTS WITH DILUTED EARNINGS PER COMMON SHARE OF $0.66 (AS REPORTED) AND $0.77 (AS ADJUSTED)

(Bridgehampton, NY – October 27, 2020) Bridge Bancorp, Inc. (NASDAQ: BDGE) (the “Company”), the parent company of BNB Bank (“BNB”), today announced third quarter results for 2020.

The Company's third quarter 2020 financial results included:

● Net income for the 2020 third quarter of $13.1 million, or $0.66 per diluted share, inclusive of pre-tax merger expenses of $2.4 million, or $0.11 per diluted share after tax, related to the Company’s merger with Dime Community Bancshares, Inc. (“Dime”).

● Excluding merger expenses, adjusted net income was $15.4 million, or $0.77 per diluted share.

● Adjusted pre-tax pre-provision net revenue was $20.9 million for the 2020 third quarter, flat compared to the linked quarter, and a $2.2 million, or 12%, increase year-over-year.

● Net interest income grew $0.3 million compared to the linked quarter, to $40.7 million, with a tax-equivalent net interest margin of 2.83%, or 3.22% on an adjusted basis.

● Total assets increased to $6.3 billion at September 30, 2020, 3% higher than June 30, 2020.

● Total deposits increased $288.7 million, and the cost of total deposits decreased 10 basis points, compared to the linked quarter.

● Non-public, non-brokered deposit growth of $322.0 million, or 8%, compared to June 30, 2020, and $1.3 billion, or 56% annualized, from December 31, 2019.

● Non-performing assets of $7.1 million at September 30, 2020, $0.7 million lower than June 30, 2020 and $2.7 million higher than December 31, 2019. Allowance for credit losses coverage to total loans of 0.94% at September 30, 2020.

● Total remaining loan payment deferrals at October 25, 2020 were $44 million, or 1.0%, of total loans held for investment.

● Provision for credit losses of $1.5 million, a decline of $3.0 million on a linked quarter basis.

● All capital ratios remain strong. Declared a dividend of $0.24 during the quarter.

Reflecting on the third quarter results, Kevin O’Connor, President and CEO said, “Our strong quarterly results reflect the solid foundations of our balance sheet and business model.  We continue to navigate this turbulent environment, supporting our employees who, in turn, support our customers. Additionally, we are working with our counterparts at Dime Community Bank to deliver a smooth transition for our customers.  I want to thank all of the BNB employees-their ability to service our customers at the highest level while dealing with the pandemic, remote work, child-care issues, and a complicated integration, speaks volumes about their dedication and commitment. I could not be prouder to work with this group of professionals.”

Net Earnings and Returns

Net income in the 2020 third quarter was $13.1 million, or $0.66 per diluted share, which was $2.4 million, or $0.12 per diluted share higher than the 2020 second quarter, driven primarily by growth in non-interest income and net interest income, and lower provision for credit losses, partially offset by higher non-interest expense. Excluding the impact of merger expenses, net income for the 2020 third quarter was $15.4 million, or $0.77 per diluted share. Net income for the nine months ended September 30, 2020 was $33.1 million, or $1.66 per diluted share, compared to $37.5 million, or $1.88 per diluted share, in 2019.

Returns on average assets and equity in the 2020 third quarter were 0.83% and 10.15%, respectively.  Return on average tangible common equity was 12.90% for the 2020 third quarter (see reconciliation of this non-GAAP financial measure provided elsewhere herein). The merger expenses incurred during the quarter reduced returns on average assets, equity and tangible common equity by approximately 15 basis points, 178 basis points, and 238 basis points, respectively.

Net Interest Income

Interest income was $46.3 million in the 2020 third quarter, an increase of $0.4 million compared to the 2020 second quarter, primarily due to loan portfolio growth from the Paycheck Protection Program (“PPP”), partially offset by lower average yields in loans, securities,  and deposits with banks. Interest expense was $5.6 million in the 2020 third quarter, an increase of $0.2 million compared to the 2020 second quarter, primarily due to an increase in average deposits and average cost of borrowings, partially offset by a decrease in average cost of deposits.

The tax-equivalent net interest margin in the 2020 third quarter showed a decline of 17 basis points to 2.83% from 3.00% in the linked quarter. 2020 third quarter loan yields showed a decrease of 10 basis points to 3.72% from 3.82% in the linked quarter.

	Three Months Ended									Change Compared To
	September 30,			June 30,			September 30,			June 30,			September 30,
	2020			2020			2019			2020			2019
Average yield on loans, tax-equivalent basis		3.72	%		3.82	%		4.73	%		(10)	bp		(101)	bp
Net interest margin - as reported (1)		2.82	%		2.99	%		3.39	%		(17)	bp		(57)	bp
Net interest margin, tax-equivalent basis (2)		2.83			3.00			3.40			(17)			(57)
Adjusted net interest margin (non-GAAP) (3)		3.22			3.24			3.42			(2)			(20)

(1) Net interest margin represents net interest income divided by average interest-earning assets.

(2) Net interest margin, tax-equivalent basis represents net interest income on a tax-equivalent basis divided by average interest-earning assets.

(3) Adjusted net interest margin represents adjusted net interest income on a tax-equivalent basis, excluding deposits with banks and PPP loans, divided by adjusted average interest-earning assets, excluding deposits with banks and PPP loans.

Commenting on the net interest margin Mr. O’Connor said, “The effects of the pandemic, and the economic and fiscal response continue to weigh on our net interest margin.  The PPP forgiveness process has just started, and we are helping our customers navigate the SBA procedures. As of September 30, 2020, all PPP loans were still outstanding.  Additionally, customers continue to conserve their liquidity as evidenced by the continued growth in deposits. Non-public customer deposits were up over $300 million quarter-over-quarter, which resulted in an outsized amount of overnight funds earning about 10 basis points. Without this excess liquidity and the PPP loans, the margin would have been 3.22% for the quarter.  We continue to lower our already low deposit costs dropping them by 10 basis points quarter-over-quarter.  This quarter we restructured our wholesale balance sheet, offsetting securities gains with swap termination losses for a $136 thousand net gain, which should positively impact the margin in the fourth quarter.”

Provision for Credit Losses

The provision for credit loss expense was $1.5 million for the 2020 third quarter, $3.0 million lower than the 2020 second quarter. The Company recorded additional expected credit losses in the 2020 second quarter related to its estimate of the economic impact of the COVID-19 pandemic. The Company recognized net charge-offs of $1.4 million in the 2020 third quarter, compared to net charge-offs of $0.3 million in the 2020 second quarter.

Non-Interest Income

Non-interest income was $6.8 million for the 2020 third quarter, which was $4.5 million higher compared to the 2020 second quarter, primarily attributable to net securities gains, an increase in gain on sale of SBA loans in the 2020 third quarter, and a decrease in the fair value of one loan held for sale recorded in the 2020 second quarter, partially offset by a loss on termination of swaps and a decrease in loan swap fees. Additionally, there was an increase in title fees on a year-over-year and linked quarter basis as real estate activity increased in our eastern markets.

Non-Interest Expense

Non-interest expense for the 2020 third quarter of $28.9 million was $4.5 million higher than the 2020 second quarter. The increase in the third quarter was primarily due to higher salaries and benefits expense, related to an increase in incentive accruals, and merger expenses. Excluding the impact of merger expenses, total non-interest expense in the 2020 third quarter would have been $26.6 million.  

Income Tax Expense

Income tax expense was $4.0 million in the 2020 third quarter, an increase of $0.9 million compared to the 2020 second quarter. The effective tax rate for the 2020 third quarter was 23.4%, compared to 22.7% for the 2020 second quarter, and 21.7% for the 2019 third quarter. The increase in the Company’s effective tax rate resulted primarily from non-deductible merger expenses in the 2020 third quarter.

Balance Sheet

Total assets were $6.3 billion at September 30, 2020, $171.7 million higher than June 30, 2020. The rise in total assets compared to the linked quarter was largely attributable to a $193.4 million increase in interest-earning deposits with banks.

Total loans held for investment increased $18.6 million (2% annualized) to $4.6 billion during the 2020 third quarter. Net deferred loan fees were $14.2 million at September 30, 2020, inclusive of $21.8 million remaining unamortized net loan fees related to PPP loans. The allowance for credit losses was $43.5 million at September 30, 2020, $0.1 million higher than June 30, 2020. The allowance as a percentage of loans was 0.94% at both September 30, 2020 and June 30, 2020.

Total deposits increased $288.7 million (23% annualized) to $5.4 billion during the 2020 third quarter. The growth in total deposits was primarily due to a $190.9 million increase in savings and NOW deposits. Demand deposits increased $82.1 million during the 2020 third quarter to $2.2 billion at September 30, 2020, representing 42% of total deposits.

Total stockholders’ equity was $512.2 million at September 30, 2020, $9.6 million higher than June 30, 2020. The growth reflects earnings, partially offset by shareholders’ dividends. During the 2020 first quarter, the Company purchased 179,620 shares of its common stock under the repurchase plan at a cost of $4.6 million. Book value per share was $25.94 at September 30, 2020, $0.47 higher than June 30, 2020. Tangible book value per share was $20.40 at September 30, 2020, $0.47 higher than June 30, 2020 (see reconciliation of this non-GAAP financial measure provided elsewhere herein).

Balance Sheet Highlights (unaudited)

										Change Compared To
	September 30,			June 30,			December 31,			June 30,			December 31,
(Dollars in thousands)	2020			2020			2019			2020			2019
Total assets	$	6,322,377		$	6,150,664		$	4,921,520		$	171,713		$	1,400,857
Total stockholders' equity		512,221			502,621			497,154			9,600			15,067
Loans held for investment
Investor commercial real estate ("CRE")	$	1,097,290		$	1,064,623		$	1,034,599		$	32,667		$	62,691
Owner-occupied CRE		532,597			528,118			531,088			4,479			1,509
Construction and land		66,826			81,516			97,311			(14,690)			(30,485)
Commercial and industrial		670,796			675,989			679,444			(5,193)			(8,648)
Paycheck Protection Program ("PPP")		960,371			949,662			-			10,709			960,371
Total commercial		3,327,880			3,299,908			2,342,442			27,972			985,438
Multi-family		853,263			844,066			812,174			9,197			41,089
Residential real estate		449,984			469,183			493,144			(19,199)			(43,160)
Installment and consumer		22,520			24,953			24,836			(2,433)			(2,316)
Net deferred loan (fees) costs		(14,174)			(17,282)			7,689			3,108			(21,863)
Total loans held for investment	$	4,639,473		$	4,620,828		$	3,680,285		$	18,645		$	959,188
Deposits
Total IPC deposits	$	4,318,594		$	3,996,590		$	3,042,171		$	322,004		$	1,276,423
Brokered deposits		122,543			194,019			164,034			(71,476)			(41,491)
Public deposits		927,932			889,810			608,442			38,122			319,490
Total public and brokered deposits		1,050,475			1,083,829			772,476			(33,354)			277,999
Total deposits	$	5,369,069		$	5,080,419		$	3,814,647		$	288,650		$	1,554,422
Loan-to-deposit ratio		86.41	%		90.95	%		96.48	%		(4.54)	%		(10.07)	%

Loan and Line of Credit Origination Information (unaudited)

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
(Dollars in thousands)	2020		2020		2019		2020		2019
Investor CRE	$	68,597	$	46,060	$	100,120	$	156,395	$	174,950
Owner-occupied CRE		23,937		23,287		12,973		80,944		98,065
Commercial and industrial		97,209		65,620		57,119		238,625		252,763
PPP		10,666		949,729		—		960,395		—
Multi-family		19,773		48,330		48,160		107,018		121,954
Residential real estate		1,683		3,654		8,764		14,306		26,289
Other		28,010		9,198		23,901		58,219		75,719
Total loan and line of credit originations	$	249,875	$	1,145,878	$	251,037	$	1,615,902	$	749,740

Asset Quality

Asset quality measures remained solid, as non-performing assets were $7.1 million, or 0.11% of total assets, at September 30, 2020, compared to $7.7 million, or 0.13% of total assets, at June 30, 2020. Non-performing loans were $7.1 million, or 0.15% of total loans at September 30, 2020, compared to $7.7 million, or 0.17% of total loans at June 30, 2020. Loans 30 to 89 days past due increased $5.6

million to $10.7 million at September 30, 2020, compared to $5.1 million at June 30, 2020. The increase in 30 to 89 days past due loans compared to prior quarter is primarily comprised of several residential loans.

Regarding asset quality and the current environment, Mr. O’Connor stated, “As of October 25, 2020, there were $44 million in loans that had not reached the end of their forbearance agreements, which is about 1.0% of all loans as of the end of the quarter. This will continue to be a focus of management as we work closely with these customers to monitor their financial health.”

Conference Call

The Company will host a conference call on Wednesday, October 28, 2020 at 10:00 AM (ET) to discuss the 2020 third quarter results.  

Investors who would like to join the conference call are encouraged to pre-register using the following link: https://dpregister.com/sreg/10148363/d9dd3cf1e4. Callers who pre-register will be given a unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. Telephonic replay will be available through the Company’s website beginning approximately one hour after the conclusion of the call through Wednesday, November 11, 2020.

Call and replay information are as follows:

Call Date: Wednesday, October 28, 2020
Call Time: 10:00 AM (ET)
Domestic Call Dial In:  1-844-746-0738
International Call Dial In:  1-412-317-5271

Replay Domestic Dial In:  1-877-344-7529
Replay International Dial In:  1-412-317-0088
Access Code: 10148363

About Bridge Bancorp, Inc.

Bridge Bancorp, Inc. is a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, BNB Bank. Established in 1910, BNB, with assets of approximately $6.3 billion, operates 39 branch locations serving Long Island and the greater New York metropolitan area. Through its branch network and its electronic delivery channels, BNB provides deposit and loan products and financial services to local businesses, consumers and municipalities. Title insurance services are offered through BNB's wholly-owned subsidiary, Bridge Abstract. Bridge Financial Services, Inc., a wholly-owned subsidiary of BNB, offers financial planning and investment consultation.  For more information visit www.bnbbank.com.

BNB also has a rich tradition of involvement in the community, supporting programs and initiatives that promote local business, the environment, education, healthcare, social services and the arts.

Please see the attached tables for selected financial information.

Forward Looking Statements

This release may contain statements relating to the future results of the Company (including certain projections and business trends) that are considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “PSLRA”).  Such forward-looking statements, in addition to historical information, involve risk and uncertainties, and are based on the beliefs, assumptions and expectations of management of the Company.  Words such as “expects,” “believes,” “should,” “plans,” “anticipates,” “will,” “potential,” “could,” “intends,” “may,” “outlook,” “predicts,” “projects,” “would,” “estimates,” “assumes,” “likely,” and variation of such similar expressions are intended to identify such forward-looking statements.  Examples of forward-looking statements include, but are not limited to, possible or assumed estimates with respect to the financial condition, expected or anticipated revenue, tax rates, and results of operations and business of the Company, including earnings growth; revenue growth in retail banking, lending and other areas; origination volume in the  consumer, commercial and other lending businesses; current and future capital management programs; non-interest income levels, including fees from the title abstract subsidiary and banking services as well as product sales; tangible capital generation; market share; expense levels; and other business operations and strategies.  The Company claims the protection of the safe harbor for forward-looking statements contained in the PSLRA.

Factors that could cause future results to vary from current management expectations include, but are not limited to, changing economic  conditions; legislative and regulatory changes, including increases in FDIC insurance rates; monetary and fiscal policies of the federal government; changes in tax policies; rates and regulations of federal, state and local tax authorities; changes in interest rates; deposit flows; the cost of funds; demands for loan products; demand for financial services; competition; changes in the quality and composition of BNB’s loan and investment portfolios; changes in management’s business strategies; changes in accounting principles, policies or guidelines; changes in real estate values; an unexpected increase in operating costs; expanded regulatory requirements; expenses related to our proposed merger with Dime Community Bancshares, Inc., unexpected delays related to the merger, or our inability to obtain regulatory approvals or satisfy other closing conditions required to complete the merger; and other risk factors discussed elsewhere, and in our reports filed with the Securities and Exchange Commission. In addition, the COVID-19 pandemic is having an adverse impact on the Company, its customers and the communities it serves. The adverse effect of the COVID-19 pandemic on the Company, its customers

and the communities where it operates may adversely affect the Company’s business, results of operations and financial condition for an indefinite period of time. The forward-looking statements are made as of the date of this report, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements.

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Condition (unaudited)

(In thousands)

	September 30,		June 30,		December 31,
	2020		2020		2019
Assets
Cash and due from banks	$	94,892	$	67,633	$	77,693
Interest-earning deposits with banks		615,575		422,148		39,501
Total cash and cash equivalents		710,467		489,781		117,194
Securities available for sale, at fair value		466,081		537,746		638,291
Securities held to maturity		100,934		111,307		133,638
Total securities		567,015		649,053		771,929
Securities, restricted		23,362		28,987		32,879
Loans held for sale		10,000		10,000		12,643
Loans held for investment		4,639,473		4,620,828		3,680,285
Allowance for credit losses		(43,474)		(43,401)		(32,786)
Loans held for investment, net		4,595,999		4,577,427		3,647,499
Premises and equipment, net		34,341		34,495		34,062
Operating lease right-of-use assets		44,642		40,434		43,450
Goodwill and other intangible assets		109,398		109,248		109,627
Accrued interest receivable and other assets		227,153		211,239		152,237
Total assets	$	6,322,377	$	6,150,664	$	4,921,520
Liabilities and stockholders' equity
Demand deposits	$	2,176,391	$	2,101,950	$	1,386,037
Savings and negotiable order of withdrawal ("NOW") deposits		686,310		495,421		438,902
Money market deposit accounts ("MMDA")		1,265,136		1,202,125		1,012,322
Certificates of deposit of less than $100,000		52,797		54,643		58,640
Certificates of deposit of $100,000 or more		137,960		142,451		146,270
Total individual, partnership and corporate ("IPC") deposits		4,318,594		3,996,590		3,042,171
Brokered deposits		122,543		194,019		164,034
Public funds - demand deposits		69,914		62,244		132,921
Public funds - other deposits		858,018		827,566		475,521
Total public and brokered deposits		1,050,475		1,083,829		772,476
Total deposits		5,369,069		5,080,419		3,814,647
Federal funds purchased and repurchase agreements		1,353		1,670		999
Federal Home Loan Bank ("FHLB") advances		215,000		340,000		435,000
Subordinated debentures, net		79,024		78,990		78,920
Operating lease liabilities		47,383		43,131		45,977
Other liabilities and accrued expenses		98,327		103,833		48,823
Total liabilities		5,810,156		5,648,043		4,424,366
Total stockholders' equity		512,221		502,621		497,154
Total liabilities and stockholders' equity	$	6,322,377	$	6,150,664	$	4,921,520

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Income (unaudited)

(In thousands)

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
	2020		2020		2019		2020		2019
Interest income	$	46,296	$	45,850	$	46,354	$	136,748	$	137,221
Interest expense		5,589		5,418		9,639		18,959		30,666
Net interest income		40,707		40,432		36,715		117,789		106,555
Provision for credit losses		1,500		4,500		1,000		11,000		5,100
Net interest income after provision for credit losses		39,207		35,932		35,715		106,789		101,455
Non-interest income:
Service charges and other fees		2,215		1,889		2,588		6,604		7,572
Title fees		695		385		508		1,409		1,149
Net securities gains		3,540		—		—		3,525		201
Loss on termination of swaps		(3,403)		—		—		(3,403)		—
Change in fair value of loans held for sale		—		(2,643)		—		(2,643)		—
Gain on sale of SBA loans		2,191		469		601		3,031		1,662
Bank owned life insurance		543		547		561		1,638		1,670
Loan swap fees		554		1,320		1,557		3,105		3,200
Other		455		285		429		993		1,507
Total non-interest income		6,790		2,252		6,244		14,259		16,961
Non-interest expense:
Salaries and employee benefits		16,406		13,919		14,294		45,874		41,233
Occupancy and equipment		3,599		3,520		3,490		10,618		10,581
Merger expenses		2,352		—		—		2,352		—
Amortization of other intangible assets		149		177		182		507		605
Other		6,431		6,783		6,238		18,828		18,388
Total non-interest expense		28,937		24,399		24,204		78,179		70,807
Income before income taxes		17,060		13,785		17,755		42,869		47,609
Income tax expense		3,999		3,129		3,852		9,804		10,126
Net income	$	13,061	$	10,656	$	13,903	$	33,065	$	37,483
Earnings Per Share (unaudited)
(In thousands, except per share data)	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
	2020		2020		2019		2020		2019
Net income	$	13,061	$	10,656	$	13,903	$	33,065	$	37,483
Dividends paid on and earnings allocated to participating securities		(276)		(218)		(294)		(689)		(797)
Income attributable to common stock	$	12,785	$	10,438	$	13,609	$	32,376	$	36,686
Weighted average common shares outstanding, including participating securities		19,896		19,861		19,958		19,901		19,950
Weighted average participating securities		(423)		(409)		(422)		(415)		(425)
Weighted average common shares outstanding		19,473		19,452		19,536		19,486		19,525
Basic earnings per common share	$	0.66	$	0.54	$	0.70	$	1.66	$	1.88
Weighted average common shares outstanding		19,473		19,452		19,536		19,486		19,525
Incremental shares from assumed conversions of options and restricted stock units		41		36		32		36		27
Weighted average common and equivalent shares outstanding		19,514		19,488		19,568		19,522		19,552
Diluted earnings per common share	$	0.66	$	0.54	$	0.70	$	1.66	$	1.88

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Consolidated Financial Highlights (unaudited)

(In thousands, except per share amounts and financial ratios)

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
	2020		2020		2019		2020		2019
Selected Financial Data:
Return on average total assets	0.83	%	0.72	%	1.17	%	0.77	%	1.07	%
Adjusted return on average total assets (1)	0.98		0.72		1.17		0.83		1.07
Return on average stockholders' equity	10.15		8.56		11.44		8.75		10.64
Adjusted return on average stockholders' equity (1)	11.93		8.56		11.44		9.36		10.64
Return on average tangible common equity (1) (2)	12.90		10.95		14.81		11.17		13.88
Adjusted return on average tangible common equity (1) (2)	15.28		11.10		14.97		12.08		14.06
Net interest rate spread, tax-equivalent basis	2.55		2.72		2.88		2.69		2.81
Net interest margin, tax-equivalent basis	2.83		3.00		3.40		3.01		3.33
Average interest-earning assets to average interest-bearing liabilities	169.28		169.70		157.94		165.63		154.96
Efficiency ratio	60.92		57.16		56.34		59.20		57.33
Adjusted efficiency ratio (1)	55.71		53.32		55.79		55.85		56.74
Operating expense/average assets	1.84		1.66		2.04		1.83		2.02
Adjusted operating expense/average assets (1)	1.68		1.65		2.03		1.76		2.00

(1) See reconciliation of this non-GAAP financial measure provided elsewhere herein.

(2) Average tangible common equity represents a non-GAAP financial measure calculated as average total stockholders' equity less average goodwill and intangible assets.

	September 30,			June 30,			December 31,
	2020			2020			2019
Selected Financial Data:
Book value per share	$	25.94		$	25.47		$	25.06
Tangible book value per share (1)	$	20.40		$	19.93		$	19.54
Common shares outstanding		19,749			19,734			19,837
Capital Ratios:
Total capital to risk-weighted assets		13.3	%		13.2	%		13.1	%
Tier 1 capital to risk-weighted assets		10.3			10.2			10.2
Common equity Tier 1 capital to risk-weighted assets		10.3			10.2			10.2
Tier 1 capital to average assets		6.8			7.0			8.5
Tangible common equity to tangible assets (1) (2)		6.5			6.5			8.1
Capital Ratios - Bank Only:
Total capital to risk-weighted assets		13.2	%		13.1	%		13.0	%
Tier 1 capital to risk-weighted assets		12.2			12.1			12.1
Common equity Tier 1 capital to risk-weighted assets		12.2			12.1			12.1
Tier 1 capital to average assets		8.1			8.4			10.1
Asset Quality:
Loans 30-89 days past due	$	10,682		$	5,080		$	6,366
Loans 90 days past due and accruing	$	—		$	—		$	343
Non-performing loans/ Non-performing assets	$	7,064		$	7,731		$	4,369
Non-performing loans/total loans		0.15	%		0.17	%		0.12	%
Non-performing assets/total assets		0.11			0.13			0.09
Allowance/non-performing loans		615.43			561.39			750.42
Allowance/total loans		0.94			0.94			0.89

(1) Tangible common equity represents a non-GAAP financial measure calculated as total stockholders' equity less goodwill and intangible assets.

(2) Tangible assets represent a non-GAAP financial measure calculated as total assets less goodwill and intangible assets.

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Supplemental Financial Information

Condensed Consolidated Average Balance Sheets and Average Rate Data (unaudited)

(Dollars in thousands)

	Three Months Ended September 30,						Three Months Ended June 30,						Three Months Ended September 30,
	2020						2020						2019
					Average						Average						Average
	Average				Yield/		Average				Yield/		Average				Yield/
	Balance		Interest		Cost		Balance		Interest		Cost		Balance		Interest		Cost
Interest-earning assets:
Loans, net (including loan fee income) (1)	$	4,612,125	$	43,108	3.72	%	$	4,429,423	$	42,044	3.82	%	$	3,442,462	$	41,053	4.73	%
Securities (1)		596,981		3,144	2.10			647,218		3,796	2.36			787,387		5,060	2.55
Deposits with banks		531,205		135	0.10			365,770		112	0.12			61,853		342	2.19
Total interest-earning assets (1)		5,740,311		46,387	3.21			5,442,411		45,952	3.40			4,291,702		46,455	4.29
Non-interest-earning assets:
Other assets		509,574						471,232						412,300
Total assets	$	6,249,885					$	5,913,643					$	4,704,002
Interest-bearing liabilities:
Savings	$	353,624	$	72	0.08	%	$	317,346	$	95	0.12	%	$	433,086	$	1,083	0.99	%
NOW		219,275		29	0.05			131,650		26	0.08			125,056		51	0.16
MMDA		1,247,455		1,016	0.32			1,151,830		1,135	0.40			1,034,002		3,452	1.32
Savings, NOW and MMDA		1,820,354		1,117	0.24			1,600,826		1,256	0.32			1,592,144		4,586	1.14
Certificates of deposit of less than $100,000		53,813		155	1.15			56,603		214	1.52			60,144		299	1.97
Certificates of deposit of $100,000 or more		140,982		387	1.09			147,706		575	1.57			152,093		844	2.20
Total IPC deposits		2,015,149		1,659	0.33			1,805,135		2,045	0.46			1,804,381		5,729	1.26
Brokered deposits		139,760		339	0.96			210,393		454	0.87			75,410		387	2.04
Public funds		825,734		1,049	0.51			769,815		1,060	0.55			500,440		1,139	0.90
Total public and brokered deposits		965,494		1,388	0.57			980,208		1,514	0.62			575,850		1,526	1.05
Total deposits		2,980,643		3,047	0.41			2,785,343		3,559	0.51			2,380,231		7,255	1.21
Federal funds purchased and repurchase agreements		1,793		—	—			1,659		1	0.24			14,160		70	1.96
FHLB advances		329,674		1,407	1.70			341,099		723	0.85			244,011		1,179	1.92
Subordinated debentures		79,003		1,135	5.72			78,968		1,135	5.78			78,862		1,135	5.71
Total borrowings		410,470		2,542	2.46			421,726		1,859	1.77			337,033		2,384	2.81
Total interest-bearing liabilities		3,391,113		5,589	0.66			3,207,069		5,418	0.68			2,717,264		9,639	1.41
Non-interest-bearing liabilities:
Demand deposits		2,193,615						2,061,371						1,417,159
Other liabilities		153,102						144,541						87,313
Total liabilities		5,737,830						5,412,981						4,221,736
Stockholders' equity		512,055						500,662						482,266
Total liabilities and stockholders' equity	$	6,249,885					$	5,913,643					$	4,704,002
Net interest rate spread					2.55	%					2.72	%					2.88	%
Net interest-earning assets	$	2,349,198					$	2,235,342					$	1,574,438
Net interest margin - tax-equivalent				40,798	2.83	%				40,534	3.00	%				36,816	3.40	%
Less: Tax-equivalent adjustment				(91)	(0.01)					(102)	(0.01)					(101)	(0.01)
Net interest income			$	40,707					$	40,432					$	36,715
Net interest margin					2.82	%					2.99	%					3.39	%

(1) Presented on a tax-equivalent basis.

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Supplemental Financial Information

Condensed Consolidated Average Balance Sheets and Average Rate Data (unaudited)

(Dollars in thousands)

	Nine Months Ended September 30,
	2020						2019
					Average						Average
	Average				Yield/		Average				Yield/
	Balance		Interest		Cost		Balance		Interest		Cost
Interest-earning assets:
Loans, net (including loan fee income) (1)	$	4,240,881	$	124,962	3.94	%	$	3,364,574	$	118,712	4.72	%
Securities (1)		669,100		11,568	2.31			844,057		17,442	2.76
Deposits with banks		330,355		514	0.21			85,241		1,485	2.33
Total interest-earning assets (1)		5,240,336		137,044	3.49			4,293,872		137,639	4.29
Non-interest-earning assets:
Other assets		475,813						402,174
Total assets	$	5,716,149					$	4,696,046
Interest-bearing liabilities:
Savings	$	325,039	$	355	0.15	%	$	425,265	$	3,219	1.01	%
NOW		161,165		101	0.08			118,530		140	0.16
MMDA		1,150,020		4,560	0.53			1,010,304		10,878	1.44
Savings, NOW and MMDA		1,636,224		5,016	0.41			1,554,099		14,237	1.22
Certificates of deposit of less than $100,000		56,324		635	1.51			60,796		845	1.86
Certificates of deposit of $100,000 or more		144,630		1,676	1.55			151,675		2,382	2.10
Total IPC deposits		1,837,178		7,327	0.53			1,766,570		17,464	1.32
Brokered deposits		172,107		1,485	1.15			139,356		2,368	2.27
Public funds		756,514		3,500	0.62			527,022		3,701	0.94
Total public and brokered deposits		928,621		4,985	0.72			666,378		6,069	1.22
Total deposits		2,765,799		12,312	0.59			2,432,948		23,533	1.29
Federal funds purchased and repurchase agreements		10,975		79	0.96			15,722		273	2.32
FHLB advances		308,128		3,163	1.37			243,544		3,455	1.90
Subordinated debentures		78,968		3,405	5.76			78,828		3,405	5.78
Total borrowings		398,071		6,647	2.23			338,094		7,133	2.82
Total interest-bearing liabilities		3,163,870		18,959	0.80			2,771,042		30,666	1.48
Non-interest-bearing liabilities:
Demand deposits		1,910,686						1,372,285
Other liabilities		136,802						81,588
Total liabilities		5,211,358						4,224,915
Stockholders' equity		504,791						471,131
Total liabilities and stockholders' equity	$	5,716,149					$	4,696,046
Net interest rate spread					2.69	%					2.81	%
Net interest-earning assets	$	2,076,466					$	1,522,830
Net interest margin - tax-equivalent				118,085	3.01	%				106,973	3.33	%
Less: Tax-equivalent adjustment				(296)	(0.01)					(418)	(0.01)
Net interest income			$	117,789					$	106,555
Net interest margin					3.00	%					3.32	%

(1) Presented on a tax-equivalent basis.

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Non-GAAP Financial Measures (unaudited)

Reconciliation of as reported (GAAP) and non-GAAP financial measures

The following tables below provide a reconciliation of certain financial measures calculated under generally accepted accounting principles ("GAAP") (as reported) and non-GAAP. A non-GAAP financial measure is a numerical measure of historical or future financial performance, financial position or cash flows that excludes or includes amounts that are required to be disclosed in the most directly comparable measure calculated and presented in accordance with GAAP in the United States. The Company’s management believes the presentation of non-GAAP financial measures provide investors with a greater understanding of the Company’s operating results in addition to the results measured in accordance with GAAP. While management uses these non-GAAP measures in its analysis of the Company’s performance, this information should not be viewed as a substitute for financial results determined in accordance with GAAP or considered to be more important than financial results determined in accordance with GAAP.

The following non-GAAP financial measures exclude merger expenses associated with the Company’s proposed merger with Dime. Tax deductible adjustments to net income are taxed at the Company’s statutory tax rate of approximately 29%.

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
	2020		2020		2019		2020		2019
Return on average total assets - as reported	0.83	%	0.72	%	1.17	%	0.77	%	1.07	%
Merger expenses	0.15		—		—		0.06		—
Income tax effect of adjustment above	—		—		—		—		—
Adjusted return on average total assets (non-GAAP)	0.98		0.72		1.17		0.83		1.07
Return on average stockholders' equity - as reported	10.15	%	8.56	%	11.44	%	8.75	%	10.64	%
Merger expenses	1.83		—		—		0.62		—
Income tax effect of adjustment above	(0.05)		—		—		(0.01)		—
Adjusted return on average stockholders' equity (non-GAAP)	11.93		8.56		11.44		9.36		10.64
Return on average tangible common equity - as reported	12.90	%	10.95	%	14.81	%	11.17	%	13.88	%
Merger expenses	2.32		—		—		0.79		—
Amortization of other intangible assets	0.15		0.18		0.19		0.17		0.23
Income tax effect of adjustments above	(0.09)		(0.03)		(0.03)		(0.05)		(0.05)
Adjusted return on average tangible common equity (non-GAAP)	15.28		11.10		14.97		12.08		14.06

The following table presents a reconciliation of net income and diluted earnings per share (as reported) to adjusted net income and adjusted diluted earnings per share excluding merger expenses:

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
(Dollars in thousands, except per share amounts)	2020		2020		2019		2020		2019
Net income - as reported	$	13,061	$	10,656	$	13,903	$	33,065	$	37,483
Adjustments:
Merger expenses		2,352		—		—		2,352		—
Income tax effect of adjustment above		(58)		—		—		(58)		—
Adjusted net income (non-GAAP)	$	15,355	$	10,656	$	13,903	$	35,359	$	37,483
Diluted earnings per share - as reported	$	0.66	$	0.54	$	0.70	$	1.66	$	1.88
Adjustments:
Merger expenses		0.11		—		—		0.11		—
Income tax effect of adjustment above		—		—		—		—		—
Adjusted diluted earnings per share (non-GAAP)	$	0.77	$	0.54	$	0.70	$	1.77	$	1.88

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Non-GAAP Financial Measures (unaudited)

The following table presents a reconciliation of net interest income, non-interest income and non-interest expense to pre-tax pre-provision net revenue (non-GAAP) and adjusted pre-tax pre-provision net revenue (non-GAAP):

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
(Dollars in thousands)	2020		2020		2019		2020		2019
Net interest income	$	40,707	$	40,432	$	36,715	$	117,789	$	106,555
Non-interest income		6,790		2,252		6,244		14,259		16,961
Total revenues		47,497		42,684		42,959		132,048		123,516
Non-interest expense		28,937		24,399		24,204		78,179		70,807
Pre-tax pre-provision net revenue (non-GAAP) (1)	$	18,560	$	18,285	$	18,755	$	53,869	$	52,709
Adjustments:
Change in fair value of loans held for sale		—		2,643		—		2,643		—
Merger expenses		2,352		—		—		2,352		—
Adjusted pre-tax pre-provision net revenue (non-GAAP) (2)	$	20,912	$	20,928	$	18,755	$	58,864	$	52,709

(1) The reported pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding GAAP net interest income and GAAP non-interest income less GAAP non-interest expense.

(2) The adjusted pre-tax pre-provision net revenue is a non-GAAP measure calculated by adding pre-tax pre-provision net revenue less the change in fair value of loans held for sale and merger expenses.

The following table presents a reconciliation of efficiency ratio (non-GAAP) and adjusted efficiency ratio (non-GAAP):

	Three Months Ended									Nine Months Ended
	September 30,			June 30,			September 30,			September 30,			September 30,
(Dollars in thousands, except per share amounts)	2020			2020			2019			2020			2019
Efficiency ratio - as reported (non-GAAP) (1)		60.92	%		57.16	%		56.34	%		59.20	%		57.33	%
Non-interest expense - as reported	$	28,937		$	24,399		$	24,204		$	78,179		$	70,807
Less: Merger expenses		(2,352)			—			—			(2,352)			—
Less: Amortization of intangible assets		(149)			(177)			(182)			(507)			(605)
Adjusted non-interest expense (non-GAAP)	$	26,436		$	24,222		$	24,022		$	75,320		$	70,202
Net interest income - as reported	$	40,707		$	40,432		$	36,715		$	117,789		$	106,555
Tax-equivalent adjustment		91			102			101			296			418
Net interest income, tax-equivalent basis	$	40,798		$	40,534		$	36,816		$	118,085		$	106,973
Non-interest income - as reported	$	6,790		$	2,252		$	6,244		$	14,259		$	16,961
Less: Net securities gains		(3,540)			—			—			(3,525)			(201)
Less: Loss on termination of swaps		3,403			—			—			3,403			—
Less: Change in fair value of loans held for sale		—			2,643			—			2,643			—
Adjusted non-interest income (non-GAAP)	$	6,653		$	4,895		$	6,244		$	16,780		$	16,760
Adjusted total revenues for adjusted efficiency ratio (non-GAAP)	$	47,451		$	45,429		$	43,060		$	134,865		$	123,733
Adjusted efficiency ratio (non-GAAP) (2)		55.71	%		53.32	%		55.79	%		55.85	%		56.74	%

(1) The reported efficiency ratio is a non-GAAP measure calculated by dividing GAAP non-interest expense by the sum of GAAP net interest income and GAAP non-interest income.

(2) The adjusted efficiency ratio is a non-GAAP measure calculated by dividing adjusted non-interest expense by the sum of net interest income on a tax-equivalent basis and adjusted non-interest income.

BRIDGE BANCORP, INC. AND SUBSIDIARIES

Non-GAAP Financial Measures (unaudited)

The following table reconciles net interest margin (as reported) to adjusted net interest margin on a tax-equivalent basis, excluding net

interest income and average adjustments on deposits with banks and PPP loans (non-GAAP):

	Three Months Ended
	September 30,			June 30,			September 30,
(Dollars in thousands)	2020			2020			2019
Net interest income - as reported	$	40,707		$	40,432		$	36,715
Tax-equivalent adjustment		91			102			101
Net interest income, tax-equivalent basis	$	40,798		$	40,534		$	36,816
Adjustment:
Less: Interest income on deposits with banks		(135)			(112)			(342)
Less: Net interest income on PPP loans and swaps		(6,005)			(5,370)			—
Adjusted net interest income, tax-equivalent basis (non-GAAP)	$	34,658		$	35,052		$	36,474
Average interest-earning assets - as reported	$	5,740,311		$	5,442,411		$	4,291,702
Adjustments:
Average deposits with banks		(531,205)			(365,770)			(61,853)
Average PPP loans		(933,345)			(729,394)			—
Adjusted average interest-earning assets (non-GAAP)	$	4,275,761		$	4,347,247		$	4,229,849
Net interest margin - as reported (1)		2.82	%		2.99	%		3.39	%
Net interest margin, tax-equivalent basis (2)		2.83			3.00			3.40
Adjusted net interest margin (non-GAAP) (3)		3.22			3.24			3.42

(1) Net interest margin represents net interest income divided by average interest-earning assets.

(2) Net interest margin, tax-equivalent basis represents net interest income on a tax-equivalent basis divided by average interest-earning assets.

(3) Adjusted net interest margin represents adjusted net interest income on a tax-equivalent basis divided by adjusted average interest-earning assets.

The following table presents a reconciliation of operating expense as a percentage of average assets (as reported) and adjusted operating expense as a percentage of average assets (non-GAAP):

	Three Months Ended						Nine Months Ended
	September 30,		June 30,		September 30,		September 30,		September 30,
	2020		2020		2019		2020		2019
Operating expense as a % of average assets - as reported	1.84	%	1.66	%	2.04	%	1.83	%	2.02	%
Merger expenses	(0.15)		—		—		(0.05)		—
Amortization of other intangible assets	(0.01)		(0.01)		(0.01)		(0.02)		(0.02)
Adjusted operating expense as a % of average assets (non-GAAP)	1.68		1.65		2.03		1.76		2.00

The following table presents the tangible common equity to tangible assets calculation (non-GAAP):

	September 30,			June 30,			December 31,
(Dollars in thousands)	2020			2020			2019
Total assets - as reported	$	6,322,377		$	6,150,664		$	4,921,520
Less: Goodwill and other intangible assets - as reported		(109,398)			(109,248)			(109,627)
Tangible assets (non-GAAP)	$	6,212,979		$	6,041,416		$	4,811,893
Total stockholders' equity - as reported	$	512,221		$	502,621		$	497,154
Less: Goodwill and other intangible assets - as reported		(109,398)			(109,248)			(109,627)
Tangible common equity (non-GAAP)	$	402,823		$	393,373		$	387,527
Tangible common equity to tangible assets (non-GAAP) (1)		6.5	%		6.5	%		8.1	%

(1) Calculated by dividing tangible common equity by tangible assets.