Bridgewater Bancshares Reports Earnings Beat in Fourth Quarter
ST. LOUIS PARK, Minn. (AP) - Bridgewater Bancshares, Inc. (BWB) today announced its financial results for the fourth quarter of 2023.
* Net income: $8.2 million, or $0.26 per share
* Adjusted earnings: $0.27 per share
* Revenue: $65.9 million
* Net interest revenue: $29.5 million
The results exceeded analyst expectations for net interest revenue. For the full year 2023, the company reported:
* Net income: $32.8 million, or $1.03 per share
* Revenue: $109.6 million
Bridgewater's stock has risen slightly over 1% this year. As of Wednesday's closing bell, shares were trading at $13.70, up approximately 2% from the previous year.