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Sep 30, 2021
Bridgewater Bank Q3 2021 Earnings Report
Reported record net income, driven by robust organic loan growth and capital raising transactions.
Key Takeaways
Bridgewater Bancshares, Inc. reported a record third quarter net income of $11.5 million, a 4.7% increase over the previous quarter and a 60.4% increase over the same period last year. The company's growth was driven by robust organic loan growth, expanded lending teams, strong brand penetration, and M&A-related market disruption.
Diluted earnings per common share were $0.40 for the third quarter of 2021.
Gross loans increased $117.8 million in the third quarter of 2021, or 18.0% annualized.
Deposits increased $133.3 million in the third quarter of 2021, or 19.4% annualized.
The adjusted efficiency ratio was 41.5% for the third quarter of 2021.
Forward Guidance
Bridgewater Bancshares did not provide forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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