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Dec 31, 2023
Bridgewater Bank Q4 2023 Earnings Report
Bridgewater Bancshares' Q4 2023 earnings were announced, with net income of $8.9 million and diluted earnings per share of $0.28.
Key Takeaways
Bridgewater Bancshares reported a net income of $8.9 million for Q4 2023, with diluted earnings per share at $0.28. Deposit growth exceeded loan growth, and asset quality remained strong. The company also repurchased shares and saw an increase in tangible book value per share.
Deposit growth exceeded gross loan growth, lowering the loan-to-deposit ratio to 100.4%.
Net interest margin was 2.27%, slightly down from the previous quarter.
Tangible book value per share increased to $12.84.
The company repurchased 423,749 shares of common stock for $4.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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