Bridgewater Bancshares Inc Stock Price, News & Analysis

Bridgewater Bancshares (BWB) reported strong Q1 2025 financial results with net income of $9.6 million, or $0.31 per diluted share. The company's adjusted net income reached $10.1 million ($0.32 per diluted share).

Key highlights include:

• Net interest income increased by $3.2 million (12.0%) from Q4 2024
• Net interest margin expanded to 2.51%, up 19 basis points from Q4 2024
• Gross loans grew by $151.6 million (15.9% annualized)
• Total deposits increased by $75.7 million (7.5% annualized)
• Efficiency ratio improved to 55.5% from 56.8% in Q4 2024
• Tangible book value per share reached $13.89, showing a 12.2% annualized increase

The bank maintained strong asset quality with minimal net loan charge-offs (0.00%) and nonperforming assets to total assets of 0.20%. The company also repurchased 45,005 shares at an aggregate purchase price of $0.6 million.

Bridgewater Bancshares (Nasdaq: BWB) has scheduled the release of its first quarter 2025 financial results after market close on Wednesday, April 23, 2025. The company will host a conference call and webcast to discuss the results on Thursday, April 24, 2025, at 8:00 a.m. Central Time.

Investors can join the conference call by dialing 844-481-2913. A replay will be available through May 1, 2025, by calling 877-344-7529 with access code 9827138. The event will also be accessible via live webcast on Bridgewater's Investor Relations website at investors.bridgewaterbankmn.com, where it will be archived for later viewing.

Bridgewater Bancshares (BWB) reported Q4 2024 net income of $8.2 million ($0.26 per diluted share), compared to $8.7 million in Q3 2024 and $8.9 million in Q4 2023. The company completed the acquisition of First Minnetonka City Bank (FMCB) in 107 days.

Key Q4 highlights include: net interest income increased 5.3% to $27.0 million, net interest margin expanded to 2.32%, core deposits grew 63.6% annualized, and gross loans increased 19.7% annualized. Asset quality remained strong with net loan charge-offs at 0.03%.

Full-year 2024 results showed net income of $32.8 million ($1.03 per diluted share), total deposits increased 10.2%, and gross loans grew 3.9%. The loan-to-deposit ratio improved to 94.7% from 100.4% year-over-year, while tangible book value per share increased 5.1% to $13.49.

Bridgewater Bancshares (Nasdaq: BWB) has announced it will release its fourth quarter 2024 financial results after market close on Wednesday, January 29, 2025. The company will host a conference call and webcast to discuss the results on Thursday, January 30, 2025, at 8:00 a.m. Central Time.

Investors can join the conference call by dialing 844-481-2913. A replay will be available through February 6, 2025, by calling 877-344-7529 with access code 8644808. The conference call will also be accessible via webcast on Bridgewater's investor relations website and will be archived for later viewing.

Bridgewater Bancshares (Nasdaq: BWB) has completed its acquisition of First Minnetonka City Bank (FMCB) on December 13, 2024. The strategic acquisition strengthens Bridgewater's presence in the Twin Cities market, expanding its operations to include nine full-service branches with approximately $5.0 billion in total assets. The merger aims to enhance product offerings and services while capitalizing on market disruption opportunities in the Twin Cities region. Chairman and CEO Jerry Baack emphasized the acquisition's alignment with Bridgewater's growth strategy and its potential to drive future success in 2025.

Bridgewater Bancshares (BWB) reported Q3 2024 net income of $8.7 million, or $0.27 diluted earnings per share, compared to $8.1 million in Q2 2024. Key highlights include a stable net interest margin of 2.24%, core deposit growth of $93.6 million (14.4% annualized), and a decrease in total deposits by $60.3 million. Gross loans decreased by $114.8 million due to elevated payoffs. The company maintained strong asset quality with an allowance for credit losses on loans at 1.38%. The efficiency ratio improved to 58.0% from 58.7% in Q2. The company also announced the strategic acquisition of First Minnetonka City Bank, expected to close in Q4 2024.

Bridgewater Bancshares (Nasdaq: BWB) has received all required regulatory approvals from the Federal Deposit Insurance and the Minnesota Department of Commerce for its subsidiary Bridgewater Bank's planned acquisition of First Minnetonka City Bank. The transaction is expected to be completed in the fourth quarter of 2024, pending satisfaction of customary closing conditions.

Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, has announced its schedule for releasing third quarter 2024 financial results. The company will disclose its financial performance after the market closes on Wednesday, October 23, 2024. Following this, Bridgewater will host a conference call and webcast to discuss the results on Thursday, October 24, 2024, at 8:00 a.m. Central Time.

Interested parties can join the conference call by dialing 844-481-2913 and requesting to join the Bridgewater Bancshares earnings call. A replay will be available until October 31, 2024, by dialing 877-344-7529 with access code 1933700. Additionally, a live webcast of the call will be accessible on the Investor Relations section of Bridgewater's website at investors.bridgewaterbankmn.com, where it will also be archived for future viewing.