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Mar 31, 2023
Bridgewater Bank Q1 2023 Earnings Report
Net income of $11.6 million, and diluted earnings per common share of $0.37 were announced.
Key Takeaways
Bridgewater Bancshares, Inc. reported a net income of $11.6 million for Q1 2023, with diluted earnings per common share at $0.37. The results reflect well-controlled expenses and superb asset quality.
Annualized ROA and ROE for the first quarter of 2023 were 1.07% and 11.70%.
Gross loans increased $114.9 million, or 13.1% annualized, from the fourth quarter of 2022.
Deposits decreased slightly by $5.4 million, or 0.6% annualized, from the fourth quarter of 2022.
Efficiency ratio was 46.2%.
Forward Guidance
The earnings release does not contain specific forward guidance. It focuses on the company's current financial position, business model, and strategic initiatives.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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