Bridgewater Bancshares Inc Stock Price, News & Analysis

Bridgewater Bancshares reported a net income of $12.5 million for Q4 2021, up 8.7% from Q3 2021 and a remarkable 151.3% increase from Q4 2020. Diluted earnings per share were $0.39, slightly down from $0.40 in Q3 2021, but up significantly from $0.17 a year ago. The bank experienced strong loan production with gross loans rising 15.7% annualized in Q4. Deposits also grew by 12.8%. A quarterly cash dividend of $36.72 per share on Series A Preferred Stock is set for March 1, 2022. For 2021, diluted earnings per share reached $1.54, a 64.8% increase year-over-year.

Bridgewater Bancshares announced a net income of $11.5 million for Q3 2021, up 4.7% from Q2 2021 and 60.4% year-over-year. Diluted earnings per share increased to $0.40, reflecting strong organic loan growth and capital-raising efforts. Total assets rose to $3.39 billion, a 22.1% increase from last year. Gross loans reached $2.71 billion, up 20.0% year-over-year. The adjusted efficiency ratio remained stable at 41.5%. Loan loss provisions decreased to $1.3 million, while the allowance for loan losses was 1.43% of total loans.

Bridgewater Bancshares, Inc. (Nasdaq: BWB) has declared a quarterly cash dividend of $42.43 per share on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A (Nasdaq: BWBBP). This dividend, amounting to $0.4243 per depositary share, will be payable on December 1, 2021, to shareholders on record as of November 15, 2021. With total assets of $3.2 billion and a strong growth history, Bridgewater Bank continues to position itself as a leading financial institution in Minnesota.

Bridgewater Bancshares, Inc. (Nasdaq: BWB) announced the successful completion of a public offering of 2,760,000 depositary shares, representing 5.875% Non-Cumulative Perpetual Preferred Stock, Series A. The offering raised $69.0 million in gross proceeds, with net proceeds of $66.5 million after expenses. These funds will support organic growth, enhance capital ratios, and may be used for debt repurchase. The depositary shares commenced trading on August 18, 2021, under the symbol BWBBP.

Bridgewater Bancshares, Inc. (Nasdaq: BWB) has successfully closed its public offering of 2,400,000 depositary shares representing a 1/100th interest in 5.875% Non-Cumulative Perpetual Preferred Stock, Series A. The offering generated approximately $57.8 million in net proceeds, which will support organic growth and enhance capital ratios. Dividends on the Series A Preferred Stock will be paid quarterly at an annual rate of 5.875%, commencing December 1, 2021. The depositary shares will trade on Nasdaq under the symbol 'BWBBP.'

Bridgewater Bancshares, Inc. (Nasdaq: BWB) has announced the pricing of its public offering of 2,400,000 depositary shares, representing a 1/100th interest in 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, expected to generate gross proceeds of $60 million. The offering includes a 30-day option for underwriters to purchase an additional 360,000 shares. Proceeds will be used for general corporate purposes and supporting growth plans. The offering is set to close around August 17, 2021, with dividends payable quarterly starting December 1, 2021.

Bridgewater Bancshares, Inc. (Nasdaq: BWB) has announced an underwritten public offering of depositary shares, each representing a 1/100th interest in its Non-Cumulative Perpetual Preferred Stock, Series A. The offering price is set at $25.00 per depositary share with a liquidation preference of $2,500 each. Proceeds will support growth, enhance capital ratios, and manage existing debt. D.A. Davidson & Co. and Performance Trust Capital Partners, LLC are the lead managers. The company plans to file for a Nasdaq listing for the shares.

Bridgewater Bancshares reported a net income of $11.0 million for Q2 2021, a 3.0% increase from Q1 2021 and a 44.7% rise from Q2 2020. Earnings per share rose to $0.38, up 2.4% from Q1 2021 and 44.9% from the previous year. The bank experienced robust organic loan growth, with gross loans increasing by $168.1 million, or 27.8% annualized, and deposits climbing by $82.3 million. The net interest margin was 3.52%, down from 3.60% in Q1 2021. Subsequent to the quarter, it completed a $30.0 million private placement of subordinated notes.

Bridgewater Bank, a prominent Twin Cities bank and subsidiary of Bridgewater Bancshares (Nasdaq: BWB), has increased its minimum wage to $20 per hour for all full-time employees, effective August 1, 2021. This marks an 11% rise from the previous wage and impacts 14% of its workforce. With Minnesota's current minimum wage at $10.08, Bridgewater's decision positions it among the few local companies to adopt such a wage. The bank offers competitive benefits, including comprehensive healthcare, 401(k) matching, and professional development opportunities, supporting its reputation as an employer of choice.