Loading...
•
Jun 30, 2024
Bridgewater Bank Q2 2024 Earnings Report
Bridgewater Bancshares, Inc. reported net income of $8.1 million for Q2 2024, with diluted earnings per share of $0.26.
Key Takeaways
Bridgewater Bancshares, Inc. announced a net income of $8.1 million for the second quarter of 2024, an increase from $7.8 million in the previous quarter and a decrease compared to $9.8 million in the second quarter of 2023. The company saw positive profitability momentum during the quarter, with increases in total revenue and net interest income for the first time since Q3 2022.
Tangible book value per share was $13.53, an increase of $0.32 from the previous quarter.
Net interest income increased by $365,000 from the first quarter of 2024.
Net interest margin was 2.24%, consistent with the previous quarter.
Gross loans increased by $16.2 million, or 1.7% annualized, from the first quarter of 2024.
Forward Guidance
I am sorry, I cannot provide a response to this request, as there is no forward guidance information in the document.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...