4 - Bridgewater Bancshares Inc (0001341317) (Issuer)

4 - Bridgewater Bancshares Inc (0001341317) (Issuer)

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced a significant milestone with the appointment of Joe Chybowski as President, effective April 26th, 2024. This strategic move, alongside pivotal leadership transitions, reaffirms Bridgewater's commitment to excellence and its vision for a dynamic future. Joe, currently serving as Chief Financial Officer, will take on the additional role of President, collaborating closely with Jerry Baack, the incumbent President & Chief Executive Officer, to chart a future characterized by strategic excellence and innovation. Jerry will retain his role as Chairman of the Board and CEO. This press release featu

Third Quarter 2024 Highlights Tangible 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

Bridgewater Bancshares, Inc. (NASDAQ:BWB) ("Bridgewater"), the parent company of Bridgewater Bank, and First Minnetonka City Bank announced today the receipt of all necessary regulatory approvals, including approval from the Federal Deposit Insurance Corporation and the Minnesota Department of Commerce, to complete Bridgewater Bank's previously announced acquisition of First Minnetonka City Bank. The acquisition is expected to close in the fourth quarter of 2024, subject to the satisfaction of customary closing conditions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241022287913/en/ About Bridgewater Bridgewater Bancshares, I

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced that it will release its third quarter 2024 financial results after the market closes on Wednesday, October 23, 2024. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, October 24, 2024 at 8:00 a.m. Central Time. Conference Call Details: To join the conference call via phone, please dial 844-481-2913 and request to join the Bridgewater Bancshares earnings call. A replay of the call will be available through October 31, 2024 by dialing 877-344-7529 and entering access code 1933700. Webcast Details: The conference call will also be available via a li

Bridgewater Bancshares, Inc. (NASDAQ:BWB) ("Bridgewater"), the parent company of Bridgewater Bank, and First Minnetonka City Bank announced today the signing of a definitive merger agreement under which Bridgewater Bank would acquire First Minnetonka City Bank in an all-cash transaction. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240828362372/en/ At the closing of the transaction, First Minnetonka City Bank will merge with and into Bridgewater Bank. The combined organization is expected to have approximately $4.9 billion in total assets, $4.0 billion in deposits, $3.9 billion in loan and leases, and nine full-service branche

Second Quarter 2024 Highlights Tangible book value per share(1) of $13.53 for the second quarter of 2024, an increase of $0.32, or 9.8% annualized, compared to $13.20 for the first quarter of 2024. Net interest income increased $365,000, or 1.5%, from the first quarter of 2024, the first quarter-over-quarter increase since the third quarter of 2022. Net interest margin (on a fully tax-equivalent basis) of 2.24% for the second quarter of 2024, in line with the first quarter of 2024. Loan-to-deposit ratio of 99.8%, compared to 99.4% at March 31, 2024. Gross loans increased $16.2 million, or 1.7% annualized, from the first quarter of 2024. On a year-to-date basis, gross loans in

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced that it will release its second quarter 2024 financial results after the market closes on Wednesday, July 24, 2024. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, July 25, 2024 at 8:00 a.m. Central Time. Conference Call Details: To join the conference call via phone, please dial 844-481-2913 and request to join the Bridgewater Bancshares earnings call. A replay of the call will be available through August 1, 2024 by dialing 877-344-7529 and entering access code 3041856. Webcast Details: The conference call will also be available via a live

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced a significant milestone with the appointment of Joe Chybowski as President, effective April 26th, 2024. This strategic move, alongside pivotal leadership transitions, reaffirms Bridgewater's commitment to excellence and its vision for a dynamic future. Joe, currently serving as Chief Financial Officer, will take on the additional role of President, collaborating closely with Jerry Baack, the incumbent President & Chief Executive Officer, to chart a future characterized by strategic excellence and innovation. Jerry will retain his role as Chairman of the Board and CEO. This press release featu

First Quarter 2024 Highlights Tangible book value per share(1) of $13.20 for the first quarter of 2024, an increase of $0.37, or 11.5% annualized, compared to $12.84 for the fourth quarter of 2023. Repurchased 193,802 shares of common stock at a weighted average price of $11.75 per share, for a total of $2.3 million. Gross loans increased $59.9 million, or 6.5% annualized, from the fourth quarter of 2023. Loan-to-deposit ratio of 99.4%, compared to 100.4% at December 31, 2023. Deposits increased by $97.3 million, or 10.5% annualized, from the fourth quarter of 2023, including an increase in core deposits(2) of $90.3 million, or 14.3% annualized. Net interest margin (on a f

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced that it will release its first quarter 2024 financial results after the market closes on Wednesday, April 24, 2024. Bridgewater will then host a conference call and webcast to discuss the results on Thursday, April 25, 2024 at 8:00 a.m. Central Time. Conference Call Details: To join the conference call via phone, please dial 844-481-2913 and request to join the Bridgewater Bancshares earnings call. A replay of the call will be available through May 2, 2024 by dialing 877-344-7529 and entering access code 8126492. Webcast Details: The conference call will also be available via a live we

Fourth Quarter 2023 Highlights Deposit growth of $34.4 million, or 3.7% annualized, from the third quarter of 2023, exceeded gross loan growth which remained relatively stable from the third quarter of 2023, lowering the loan-to-deposit ratio to 100.4%. Net interest margin (on a fully tax-equivalent basis) of 2.27%, compared to 2.32% in the third quarter of 2023. No provision for credit losses on loans was recorded in the fourth quarter of 2023. The allowance for credit losses on loans to total loans was 1.36% at December 31, 2023 and September 30, 2023, respectively. Nonperforming assets to total assets of 0.02% at December 31, 2023 and September 30, 2023. Tangible book valu

Hovde Group resumed coverage of Bridgewater Bancshares with a rating of Outperform

Piper Sandler resumed coverage of Bridgewater Bancshares with a rating of Overweight and set a new price target of $15.50

Piper Sandler downgraded Bridgewater Bancshares from Overweight to Neutral and set a new price target of $17.00 from $20.00 previously

B. Riley Securities downgraded Bridgewater Bancshares from Buy to Neutral and set a new price target of $18.00 from $21.00 previously

B. Riley resumed coverage of Bridgewater Bancshares with a rating of Buy and set a new price target of $17.00 from $15.00 previously

Bridgewater Bancshares (NASDAQ:BWB) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.24 by 8.33 percent. The company reported quarterly sales of $26.759 million which beat the analyst consensus estimate of $26.667 million by 0.35 percent. This is a 1.75 percent decrease over sales of $27.237 million the same period last year.

Bridgewater Bancshares, Inc. (NASDAQ:BWB), the parent company of Bridgewater Bank, today announced a significant milestone with the appointment of Joe Chybowski as President, effective April 26th, 2024. This strategic move, alongside pivotal leadership transitions, reaffirms Bridgewater's commitment to excellence and its vision for a dynamic future. Joe, currently serving as Chief Financial Officer, will take on the additional role of President, collaborating closely with Jerry Baack, the incumbent President & Chief Executive Officer, to chart a future characterized by strategic excellence and innovation. Jerry will retain his role as Chairman of the Board and CEO.This press release features

Piper Sandler analyst Nathan Race reiterates Bridgewater Bancshares (NASDAQ:BWB) with a Overweight and lowers the price target from $14.5 to $14.

Bridgewater Bancshares (NASDAQ:BWB) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.25 by 4 percent. This is a 35.14 percent decrease over earnings of $0.37 per share from the same period last year. The company reported quarterly sales of $26.181 million which missed the analyst consensus estimate of $27.033 million by 3.15 percent. This is a 13.50 percent decrease over sales of $30.267 million the same period last year.

More than a dozen banks in the U.S. find themselves under the keen eye of financial watchdogs due to their sizable portfolios of commercial real estate (CRE) loans. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency jointly indicated their intent to scrutinize banks with CRE loan portfolios exceeding triple their capital and with growth that has exceeded 50% over the past three years. New York Community Bancorp, Inc (NYSE:NYCB) is not among institutions deserving increasing scrutiny. Despite having a CRE loan to total capital ratio of 462% — surpassing the regulatory concern threshold of 300% — NYCB’s portfolio growth of 25% over the pas

DA Davidson analyst Jeff Rulis maintains Bridgewater Bancshares (NASDAQ:BWB) with a Buy and raises the price target from $15 to $16.

Bridgewater Bancshares (NASDAQ:BWB) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Bridgewater Bancshares beat estimated earnings by 12.0%, reporting an EPS of $0.28 versus an estimate of $0.25. Revenue was down $7.88 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.03 which was followed by a 6.23% increase in the share price the next day. Here's a look at Bridgewater Bancshares's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.27 0.31 0.33 0.47 EPS Actual 0.30 0.31 0.37 0.45 Revenue Estimate 27.20M 2

Bridgewater Bancshares (NASDAQ:BWB) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.26 by 7.69 percent.

Companies Reporting Before The Bell • Freeport-McMoRan (NYSE:FCX) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion. • General Dynamics (NYSE:GD) is estimated to report quarterly earnings at $3.68 per share on revenue of $11.37 billion. • ASML Holding (NASDAQ:ASML) is expected to report quarterly earnings at $5.27 per share on revenue of $7.53 billion. • Blue Foundry (NASDAQ:BLFY) is likely to report quarterly loss at $0.15 per share on revenue of $9.55 million. • Prosperity Bancshares (NYSE:PB) is estimated to report quarterly earnings at $1.17 per share on revenue of $280.02 million. • Progressive (NYSE:PGR) is likely to report quarterly earning

Bridgewater Bancshares (NASDAQ:BWB) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement. Analysts estimate that Bridgewater Bancshares will report an earnings per share (EPS) of $0.25. Bridgewater Bancshares bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.03, which was followed by