Bridgewater Bancshares Reports Q4 Earnings Beat, Revenue Tops Estimates

Bridgewater Bancshares, Inc. (BWB) announced its fourth-quarter results on Wednesday, reporting a profit of $8.2 million.

* Earnings per share (EPS): $0.26
* Adjusted EPS: $0.27
* Revenue: $65.9 million
* Net interest income: $29.5 million (exceeding analyst estimates)

For the full year, Bridgewater reported earnings of $32.8 million ($1.03 EPS) and revenue of $109.6 million.

Since the start of 2023, BWB shares have seen a modest rise of over 1%. As of Wednesday's close, they traded at $13.70, up about 2% from the previous 12 months.