Bridgewater Bancshares

Bridgewater Bancshares, Inc. is a holding company, which provides retail and commercial loan and deposit services. It offers deposits, lending, professional services, and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is headquartered in Bloomington, MN.

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Bridgewater Bancshares excels in Q4 2022 despite funding pressures

Bridgewater Bancshares reported strong Q4 2022 earnings driven by efficient operations and asset quality. Despite facing challenges like declining net interest margin, the company remains optimistic about its long-term growth prospects and is strategically preparing for 2023.

Bridgewater Bancshares addresses challenges, focuses on strategic growth initiatives

Bridgewater Bancshares navigated challenges in Q1 2023 with a focus on maintaining strong client relationships and strategic initiatives for growth. Despite facing funding pressures and loan growth moderation, the company remains positive about its market position and brand.

Bridgewater Bancshares reports robust Q2 growth amidst rising rate concerns

Bridgewater Bancshares delivered strong financial performance in Q2 2023, with positive balance sheet trends and a focus on future growth. The company's emphasis on controlled expenses and asset quality positions it well for continued success.

Bridgewater Bancshares posts solid Q3 results, eyes future growth

Bridgewater Bancshares reported a robust performance in Q3 2023, emphasizing stable net interest margin, controlled expenses, and strong asset quality.
Despite challenges such as slowed loan growth, the company's focus on profitability optimization and expense management bodes well for future opportunities.
With improved capital ratios, liquidity, and a strategic outlook, Bridgewater Bancshares is poised to navigate challenges and leverage growth prospects effectively.

Bridgewater Bancshares reports strong Q4 performance and eyes growth opportunities

Bridgewater Bancshares' Q4 2023 performance was marked by positive trends, strong portfolio performance, and a focus on enhancing operational capabilities. The company's emphasis on client service, capital management, and growth initiatives positions it well for a favorable 2024.

Bridgewater Bancshares reports robust Q1 performance amidst growth challenges

Bridgewater Bancshares demonstrated strong financial performance in Q1 2024, with notable loan and deposit growth.
Effective expense control and consistent tangible book value growth underscore the company's financial stability.
While facing challenges like margin compression, the company's focus on asset quality and capital strength positions it well for future growth.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Bridgewater Bancshares, Inc. is a holding company, which provides retail and commercial loan and deposit services. It offers deposits, lending, professional services, and business services. The company was founded by Jerry J. Baack and Jeffrey D. Shellberg in 2005 and is headquartered in St. Louis Park, MN.

Bridgewater Bancshares is a strong buy candidate despite weakness in revenue and earnings, with robust deposits and cheap shares. The company has a growing loan portfolio, with a focus on commercial and industrial loans and little office exposure. The value of deposits has increased, and the company has successfully reduced exposure to uninsured deposits.

Bridgewater Bancshares: An Excellent Prospect In The Banking Sector

Amerant Bancorp

Cullen/Frost Bankers

AMTB, BWB and CFR have been added to the Zacks Rank #5 (Strong Sell) List on August 31, 2023.

New Strong Sell Stocks for August 31st

NEW YORK--(BUSINESS WIRE)-- #KBRA--On August 10, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred shares rating of BB+, and the short-term debt rating of K3 for St. Louis Park, Minnesota-based Bridgewater Bancshares, Inc. (NASDAQ: BWB) (“Bridgewater” or “the company”). KBRA also affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating BBB, and the short-term deposit and debt ratings of K2 for Bridgewater.

KBRA Releases Surveillance Report for Bridgewater Bancshares, Inc.

Bridgewater Bancshares, Inc. (BWB) Q2 2023 Earnings Call Transcript

Bridgewater (BWB) came out with quarterly earnings of $0.31 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.41 per share a year ago.

Bridgewater (BWB) Meets Q2 Earnings Estimates

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $9.8 million for the second quarter of 2023, compared to $11.6 million for the first quarter of 2023, and $12.9 million for the second quarter of 2022. Earnings per diluted common share for the second quarter of 2023 were $0.31, compared to $0.37 per diluted common share for the first quarter of 2023, and $0.41 per dil.

Bridgewater Bancshares, Inc. Announces Second Quarter 2023 Net Income of $9.8 Million, $0.31 Diluted Earnings Per Common Share

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced that it will release its second quarter 2023 financial results after the market closes on Wednesday, July 26, 2023. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, July 27, 2023 at 8:00 a.m. Central Time. Conference Call Details: To join the conference call via phone, you may dial 844-481-2913 and request to join.

Bridgewater Bancshares, Inc. to Announce Second Quarter 2023 Financial Results and Host Earnings Conference Call

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), today announced plans to relocate its downtown Minneapolis branch, with the new branch set to open July 17th, 2023. Located within the skyway at 60 South Sixth (formerly RBC Plaza), Bridgewater's new branch will be strategically positioned amidst a thriving community o.

Bridgewater Bank Enhances Minneapolis Presence with New Downtown Branch

ConnectOne Bancorp

Dime Community Bank

First of Long Island

Republic First Bancorp

Horizon

Hope Bancorp

First Internet Bancorp

KeyCorp

SPDR S&P Regional Banking ETF

PacWest Bancorp

Territorial Bancorp

Western Alliance Bancorporation

Zions Bancorp

Thirteen badly beaten-up bank stocks are reviewed and compared to those that were recently taken over. Items reviewed include uninsured deposits, risky activities, unrealized investment losses, capital ratios, ROE, performance in the last recession, and loan growth.

Want To Buy A Beaten Down Bank Stock? Here's A List And Analysis

Bridgewater Bancshares, Inc. (NASDAQ:BWB ) Q1 2023 Earnings Conference Call March 27, 2023 9:00 AM ET Company Participants Justin Horstman - Director, Investor Relations Jerry Baack - Chairman, President and Chief Executive Officer Joe Chybowski - Chief Financial Officer Nick Place - Chief Lending Officer Jeff Shellberg - Director, Secretary, Executive Vice President and Chief Credit Officer Conference Call Participants Brendan Nosal - Piper Sandler Jeff Rulis - D.A. Davidson Ben Gerlinger - Hovde Group Operator Good morning, and welcome to the Bridgewater Bancshares 2023 First Quarter Earnings Call.

Bridgewater Bancshares, Inc. (BWB) Q1 2023 Earnings Conference Call Transcript

Bridgewater (BWB) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.39 per share a year ago.

Bridgewater (BWB) Tops Q1 Earnings Estimates

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $11.6 million for the first quarter of 2023, compared to $13.7 million for the fourth quarter of 2022, and $12.3 million for the first quarter of 2022. Earnings per diluted common share for the first quarter of 2023 were $0.37, compared to $0.45 per diluted common share for the fourth quarter of 2022, and $0.39 per dil.

Bridgewater Bancshares, Inc. Announces First Quarter 2023 Net Income of $11.6 Million, $0.37 Diluted Earnings Per Common Share

Bridgewater (BWB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Bridgewater (BWB) Q1 Earnings Expected to Decline

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced that it will release its first quarter 2023 financial results after the market closes on Wednesday, April 26, 2023. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, April 27, 2023 at 8:00 a.m. Central Time.

Bridgewater Bancshares, Inc. to Announce First Quarter 2023 Financial Results and Host Earnings Conference Call

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bank, a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), today announced that it has once again received the highest possible rating, ‘Outstanding,' from the Federal Deposit Insurance Corporation (FDIC) for its work in meeting the credit needs of Twin Cities' communities, including low and moderate-income neighborhoods, through its continued emphasis on affordable housing initiatives.

Bridgewater Bank Receives Esteemed ‘Outstanding' FDIC Rating for Community Reinvestment Act Performance

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, was ranked 14th in S&P Global Market Intelligence's annual ranking of the best-performing community banks of 2022 between $3 billion and $10 billion in assets.

Bridgewater Bancshares, Inc. Named a Top Community Bank by S&P Global Market Intelligence

Bridgewater Bancshares, Inc. sees sustained revenue growth but squeezed margins. Its financial positioning remains robust, but it must watch out for its borrowings.

Bridgewater Bancshares: Fundamentally Sound On Troubled Waters But Overvalued

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs and a subsidiary of Bridgewater Bancshares, Inc. (Nasdaq: BWB), is pleased to announce that Bridgewater Corporate Center in St. Louis Park, MN has earned the U.S. Environmental Protection Agency's (EPA) ENERGY STAR® certification for superior energy performance.

Bridgewater Corporate Center earns ENERGY STAR certification, outperforming similar U.S. buildings on measure of energy efficiency

Bridgewater Bancshares, Inc. (NASDAQ:BWB ) Q4 2022 Results Conference Call January 26, 2023 9:00 AM ET Company Participants Justin Horstman - Director of Investor Relations Jerry Baack - Chairman, President and Chief Executive Officer Joe Chybowski - Chief Financial Officer Jeff Shellberg - Chief Credit Officer Nick Place - Chief Lending Officer Conference Call Participants Brendan Nosal - Piper Sandler Jeff Rulis - D.A. Davidson Ben Gerlinger - Hovde Group Operator Good morning, and welcome to the Bridgewater Bancshares 2022 Fourth Quarter Earnings Call.

Bridgewater Bancshares, Inc. (BWB) Q4 2022 Earnings Call Transcript

Bridgewater (BWB) delivered earnings and revenue surprises of -2.17% and 1.62%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Bridgewater (BWB) Lags Q4 Earnings and Revenue Estimates

ST. LOUIS PARK, Minn.--( BUSINESS WIRE )--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $13.7 million for the fourth quarter of 2022, a 5.4% decrease from net income of $14.5 million for the third quarter of 2022, and a 9.8% increase from net income of $12.5 million for the fourth quarter of 2021. Earnings per diluted common share for the fourth quarter of 2022 were $0.45, a 5.6% decrease compared to $0.47 per diluted common share for the third quarter of 2022, and a 14.2% increase compared to $0.39 per diluted common share for the same period in 2021.

Bridgewater Bancshares, Inc. Announces Fourth Quarter 2022 Net Income of $13.7 Million, $0.45 Diluted Earnings Per Common Share

ST. LOUIS PARK, Minn.--( BUSINESS WIRE )--Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced that it will release its fourth quarter 2022 financial results after the market closes on Wednesday, January 25, 2023. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, January 26, 2023 at 8:00 a.m. Central Time.

Bridgewater Bancshares, Inc. to Announce Fourth Quarter 2022 Financial Results and Host Earnings Conference Call

Bridgewater (BWB) delivered earnings and revenue surprises of 2.17% and 0.23%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for Bridgewater Bancshares Stock (BWB)