Bridgewater Bancshares, Inc. Announces First Quarter 2024 Net Income of $7.8 Million, $0.24 Diluted Earnings Per Common Share
Bridgewater Bancshares, Inc. (BWB)
Last bridgewater bancshares, inc. earnings: 4/30 07:05 am
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Source: Business Wire
First Quarter 2024 HighlightsTangible book value per share(1) of $13.20 for the first quarter of 2024, an increase of $0.37, or 11.5% annualized, compared to $12.84 for the fourth quarter of 2023.Repurchased 193,802 shares of common stock at a weighted average price of $11.75 per share, for a total of $2.3 million.Gross loans increased $59.9 million, or 6.5% annualized, from the fourth quarter of 2023.Loan-to-deposit ratio of 99.4%, compared to 100.4% at December 31, 2023.Deposits increased by $97.3 million, or 10.5% annualized, from the fourth quarter of 2023, including an increase in core deposits(2) of $90.3 million, or 14.3% annualized.Net interest margin (on a fully tax-equivalent basis) of 2.24%, compared to 2.27% in the fourth quarter of 2023.Efficiency ratio(1) of 58.2%, compared to 58.8% for the fourth quarter of 2023.Noninterest expense declined $551,000, or 3.5%, from the fourth quarter of 2023. Annualized noninterest expense to average assets was 1.33%, compared to 1.37% f
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News
- Bridgewater Bancshares, Inc. (NASDAQ:BWB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. (NASDAQ:BWB) Just Reported Earnings, And Analysts Cut Their Target Price [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. Elevates Joe Chybowski to President, Announces Strategic Leadership Transitions to Propel Future Growth [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. Elevates Joe Chybowski to President, Announces Strategic Leadership Transitions to Propel Future GrowthBusiness Wire
- Bridgewater Bancshares, Inc. (NASDAQ: BWB) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $14.00 price target on the stock, down previously from $14.50.MarketBeat
BWB
Earnings
- 4/24/24 - Miss
BWB
Sec Filings
- 5/3/24 - Form 3
- 5/3/24 - Form 4
- 5/2/24 - Form 10-Q
- BWB's page on the SEC website