Bridgewater Bancshares, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 24, 2024 at 04:36 pm EST
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Bridgewater Bancshares, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 25.31 million compared to USD 32.89 million a year ago. Net income was USD 8.87 million compared to USD 13.74 million a year ago. Basic earnings per share from continuing operations was USD 0.28 compared to USD 0.46 a year ago. Diluted earnings per share from continuing operations was USD 0.28 compared to USD 0.45 a year ago.
For the full year, net interest income was USD 105.17 million compared to USD 129.7 million a year ago. Net income was USD 39.96 million compared to USD 53.39 million a year ago. Basic earnings per share from continuing operations was USD 1.29 compared to USD 1.78 a year ago. Diluted earnings per share from continuing operations was USD 1.27 compared to USD 1.72 a year ago.
Bridgewater Bancshares, Inc. is a financial holding company with one wholly owned subsidiary: Bridgewater Bank (the Bank). The Bank focuses primarily on commercial lending, consisting of loans secured by nonfarm, nonresidential properties, loans secured by multifamily residential properties, nonowner occupied single family residential properties, construction loans, land development loans and commercial and industrial loans. It offers loan and deposit products primarily for commercial clients. The Bank has developed a suite of deposit products targeted at commercial clients, including a variety of remote deposit and cash management products, along with commercial transaction accounts. The Bank also offers consumers traditional retail deposit products through its branch network, along with online, mobile, and direct banking channels. The Bank has seven full-service offices located in Bloomington, Greenwood, Minneapolis (two), St. Louis Park, Orono, and St. Paul, Minnesota.
BRIDGEWATER BANCSHARES, INC. 
