Bridgewater Bancshares' acquisition of First Minnetonka City Bank improved its loan-to-deposit ratio, reducing reliance on expensive external financing and boosting future earnings potential. Despite risks in the bank's loan composition, non-performing loans are low, and the preferred shares offer a 7.6% dividend yield, making them attractive for income investors. The bank's net interest income...
ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $8.2 million for the fourth quarter of 2024, compared to $8.7 million for the third quarter of 2024, and $8.9 million for the fourth quarter of 2023. Earnings per diluted common share were $0.26 for the fourth quarter ...
ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced that it will release its fourth quarter 2024 financial results after the market closes on Wednesday, January 29, 2025. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, January 30, 2025 at 8:00 a.m. Central Time. C...
ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“Bridgewater”), the parent company of Bridgewater Bank, announced the completion of Bridgewater Bank's acquisition of First Minnetonka City Bank (“FMCB”), effective December 13, 2024. “We are excited to welcome First Minnetonka City Bank's team members and clients to Bridgewater as we demonstrate our unique cult...
Bridgewater Bancshares, Inc. (NASDAQ:BWB ) Q3 2024 Earnings Conference Call October 24, 2024 9:00 AM ET Company Participants Justin Horstman - Vice President, Investor Relations Jerry Baack - Chairman and CEO Joe Chybowski - President and CFO Nick Place - Chief Banking Officer Jeff Shellberg - Chief Credit Officer Conference Call Participants Jeff Rulis - D.A. Davidson Brendan Nosal - Hovde Gro...
ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $8.7 million for the third quarter of 2024, compared to $8.1 million for the second quarter of 2024, and $9.6 million for the third quarter of 2023. Earnings per diluted common share were $0.27 for the third quarter of...
ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“Bridgewater”), the parent company of Bridgewater Bank, and First Minnetonka City Bank announced today the receipt of all necessary regulatory approvals, including approval from the Federal Deposit Insurance Corporation and the Minnesota Department of Commerce, to complete Bridgewater Bank's previously announced...
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