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Sep 30, 2023
Bridgewater Bank Q3 2023 Earnings Report
Net income of $9.6 million was announced, with diluted earnings per share at $0.30.
Key Takeaways
Bridgewater Bancshares, Inc. reported a net income of $9.6 million for Q3 2023, with diluted earnings per common share of $0.30. Encouraging trends including signs of net interest margin stabilization, enhanced balance sheet composition, and superb asset quality were seen.
Annualized return on average assets (ROA) was 0.85%.
Annualized return on average shareholders’ equity (ROE) was 9.23%.
Deposits increased by $97.6 million, or 10.8% annualized, from the second quarter of 2023, including an increase of core deposits of $69.9 million, or 11.0% annualized.
No provision for credit losses on loans was recorded in the third quarter of 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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