Welcome to our dedicated page for Bridgewater Bancshares news (Ticker: BWB), a resource for investors and traders seeking the latest updates and insights on Bridgewater Bancshares stock.
Bridgewater Bancshares Inc (BWB) provides essential financial services to personal and commercial clients across the Twin Cities region. This news hub offers investors and stakeholders timely updates about the company's operational milestones, financial disclosures, and market positioning.
Access authoritative coverage of BWB's earnings reports, leadership announcements, product innovations, and regulatory filings. Our curated collection ensures you stay informed about strategic partnerships, capital management decisions, and service expansions without promotional bias.
Key updates include quarterly performance summaries, merger/acquisition developments, dividend declarations, and technology implementations. Each release is verified for accuracy and presented with contextual relevance to commercial banking trends.
Bookmark this page for streamlined access to Bridgewater Bancshares' official communications. Combine regular visits with professional financial advice to maintain informed investment perspectives.
Bridgewater Bancshares, Inc. (Nasdaq: BWB) reported a net income of $11.6 million for Q1 2023, down from $13.7 million in Q4 2022 and $12.3 million YoY. Earnings per diluted share decreased to $0.37 from $0.45 in Q4 2022 and $0.39 in Q1 2022. The net interest margin contracted to 2.72%, a decline from 3.16% in Q4 2022, reflecting higher funding costs. Total assets increased 5.9% to $4.60 billion, driven by strong loan growth, with gross loans up 3.2% QoQ. Despite a slight dip in deposits by 0.2% to $3.41 billion, the bank maintained a strong balance sheet with a tangible book value of $11.95 per share. The company declared a cash dividend of $36.72 per share on its Series A Preferred Stock, payable on June 1, 2023.
Bridgewater Bancshares, Inc. (NASDAQ: BWB) will release its Q1 2023 financial results on April 26, 2023, after market close. A conference call is scheduled for April 27, 2023, at 8:00 a.m. CT for discussing these results. Investors can join the call at 877-270-2148, with a replay available until May 4, 2023. The call will also be available via live webcast on the investor relations section of Bridgewater’s website. As of December 31, 2022, Bridgewater Bancshares has total assets of $4.3 billion and operates seven branches, positioning itself among the largest locally led banks in Minnesota.
FAQ
What is the current stock price of Bridgewater Bancshares (BWB)?
What is the market cap of Bridgewater Bancshares (BWB)?
