Bridgewater Bancshares, Inc. Announces Third Quarter 2024 Net Income of $8.7 Million, $0.27 Diluted Earnings Per Common Share
Bridgewater Bancshares, Inc. (BWB)
Last bridgewater bancshares, inc. earnings: 4/30 07:05 am
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Company Research
Source: Business Wire
Third Quarter 2024 HighlightsTangible book value per share(1) of $13.96 for the third quarter of 2024, an increase of $0.43, or 12.8% annualized, compared to $13.53 for the second quarter of 2024.Pre-provision net revenue(1) increased $489,000, or 4.5%, from the second quarter of 2024.Net interest income increased $603,000, or 2.4%, from the second quarter of 2024.Net interest margin (on a fully tax-equivalent basis) of 2.24% for the third quarter of 2024, in line with the second quarter of 2024.Core deposits(2) increased by $93.6 million, or 14.4% annualized, from the second quarter of 2024. Total deposits decreased by $60.3 million from the second quarter of 2024, primarily driven by a decrease in brokered deposits of $131.3 million.Gross loans decreased $114.8 million from the second quarter of 2024, primarily driven by elevated levels of loan payoffs.Loan-to-deposit ratio of 98.3%, compared to 99.8% at June 30, 2024.Efficiency ratio(1) of 58.0%, down from 58.7% for the second quar
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News
- Bridgewater Bancshares Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares, Inc. (BWB) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Bridgewater (BWB) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
- Bridgewater Bancshares GAAP EPS of $0.27 beats by $0.03, revenue of $27.12M [Seeking Alpha]Seeking Alpha
BWB
Earnings
- 10/23/24 - Beat
BWB
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/15/24 - Form 4
- BWB's page on the SEC website