Bridgewater Bancshares, Inc. Announces Fourth Quarter 2023 Net Income of $8.9 Million, $0.28 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
Fourth Quarter 2023 HighlightsDeposit growth of $34.4 million, or 3.7% annualized, from the third quarter of 2023, exceeded gross loan growth which remained relatively stable from the third quarter of 2023, lowering the loan-to-deposit ratio to 100.4%.Net interest margin (on a fully tax-equivalent basis) of 2.27%, compared to 2.32% in the third quarter of 2023.No provision for credit losses on loans was recorded in the fourth quarter of 2023. The allowance for credit losses on loans to total loans was 1.36% at December 31, 2023 and September 30, 2023, respectively.Nonperforming assets to total assets of 0.02% at December 31, 2023 and September 30, 2023.Tangible book value per share(1) of $12.84 at December 31, 2023, an increase of $0.46, or 14.9% annualized, compared to $12.37 at September 30, 2023.Repurchased 423,749 shares of common stock at a weighted average price of $10.72, for a total of $4.5 million.Early adopted ASU 2023-02 applying the modified retrospective method which recl
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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
- 4/26/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/1/24 - Form 4
- BWB's page on the SEC website