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. (Nasdaq: BWB) is a St. Louis Park, Minnesota-based financial holding company and the parent of Bridgewater Bank, a premier, full-service bank serving businesses, entrepreneurs, and successful individuals across the Twin Cities. This news page aggregates company-issued updates and market-moving announcements related to BWB stock and Bridgewater’s banking operations.
Visitors can review press releases covering quarterly and annual financial results, where Bridgewater discusses net income, net interest income, net interest margin, loan and deposit growth, asset quality metrics, and capital ratios. These earnings updates often include commentary from management on strategic priorities, balance sheet trends, and the competitive environment in the Twin Cities banking market.
The news flow for Bridgewater Bancshares also features announcements about leadership and governance, such as executive appointments, succession planning, and board changes. Releases highlighting recognition of executives by regional business publications provide additional insight into the company’s corporate culture and management depth.
In addition, the company issues news on capital and funding actions, including private placements of subordinated notes structured to qualify as Tier 2 capital, and information about acquisitions such as the purchase of First Minnetonka City Bank. Updates on investor conference participation, earnings conference calls, and webcasts help investors track upcoming events where management discusses strategy and performance.
By following this page, users can access a centralized view of Bridgewater Bancshares’ official news, from financial results and capital initiatives to leadership developments and investor relations activities, all in one place.
Bridgewater Bank has appointed Justin Horstman as the new Director of Investor Relations. With nearly 15 years of experience, Horstman previously worked at TCF Bank, where he managed investor relations functions. In his new role, he will oversee the investor relations program and serve as the main contact for the investment community. Bridgewater Bank, recognized for its growth and service quality, has over $3.07 billion in assets and is one of the largest locally led banks in Minnesota.
Bridgewater Bancshares, Inc. (BWB) announced a net income of $10.7 million for Q1 2021, a 43.4% increase from $7.4 million in Q1 2020. Earnings per diluted share rose 46.1% to $0.37. The bank's total assets surpassed $3.0 billion for the first time, and employee count exceeded 200. Despite challenges from the pandemic, the bank achieved a stable net interest margin of 3.60%. Gross loans grew by 21.1% year-over-year, while deposits increased by 38.9%.
Bridgewater Bancshares (BWB) reported a net income of $5.0 million, or $0.17 per diluted share, for Q4 2020, down from $7.2 million in Q3 and $8.6 million in Q4 2019. The decline was primarily due to FHLB prepayment fees of $5.6 million. Despite this, the bank achieved a 14.6% increase in net interest income from Q3 to Q4, totaling $24.8 million. Deposits surged by 37.2% year-over-year, reflecting robust growth. The net interest margin improved to 3.61%. Looking ahead, the company remains optimistic with strong core earnings and adequate loan loss reserves, though it acknowledges ongoing uncertainties due to the COVID-19 pandemic.
Bridgewater Bancshares, Inc. (NASDAQ: BWB) has announced a $15 million increase to its stock repurchase program, bringing the total to $40 million. The program has been extended until October 27, 2022. As of October 28, 2020, approximately $17.6 million remains authorized for repurchase, following around $22.4 million of shares already repurchased since January 2019. CEO Jerry Baack emphasized the company’s strong financial status, allowing for this enhanced commitment to shareholder value amid economic impacts of the COVID-19 pandemic.
Bridgewater Bancshares, Inc. (Nasdaq: BWB) reported a net income of $7.2 million, or $0.25 per diluted share, for Q3 2020, a decline from $7.6 million in Q2 2020 and $7.8 million in Q3 2019. The company highlighted the completion of its new corporate headquarters and emphasized strong loan and deposit growth, with loans increasing by $65.5 million and deposits by $31.0 million. However, a loan loss provision of $3.8 million was made due to COVID-19 economic impacts, raising the allowance for loan losses to 1.39% of total loans. The efficiency ratio increased to 41.7% from 40.4%. Overall, the results reflect ongoing adjustments to the low interest rate environment.
Bridgewater Bancshares, Inc. (Nasdaq: BWB) has been recognized in the Piper Sandler Sm-All Stars Class of 2020, distinguishing itself as one of only 35 small-cap banks in the U.S. and the only bank from Minnesota on the list. The selection process evaluated over 300 banks based on growth, profitability, credit quality, and capital strength. Since its public debut in 2018, Bridgewater has made this prestigious designation twice, highlighting its commitment to delivering shareholder value amidst challenging market conditions.