Bridgewater Bancshares, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 04:23 pm EDT
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Bridgewater Bancshares, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 25.87 million compared to USD 32.53 million a year ago. Net income was USD 9.82 million compared to USD 12.88 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.43 a year ago. Diluted earnings per share from continuing operations was USD 0.31 compared to USD 0.41 a year ago.
For the six months, net interest income was USD 54.44 million compared to USD 62.71 million a year ago. Net income was USD 21.46 million compared to USD 25.14 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.69 compared to USD 0.8 a year ago.
Bridgewater Bancshares, Inc. is a financial holding company with one wholly owned subsidiary: Bridgewater Bank (the Bank). The Bank focuses primarily on commercial lending, consisting of loans secured by nonfarm, nonresidential properties, loans secured by multifamily residential properties, nonowner occupied single family residential properties, construction loans, land development loans and commercial and industrial loans. It offers loan and deposit products primarily for commercial clients. The Bank has developed a suite of deposit products targeted at commercial clients, including a variety of remote deposit and cash management products, along with commercial transaction accounts. The Bank also offers consumers traditional retail deposit products through its branch network, along with online, mobile, and direct banking channels. The Bank has seven full-service offices located in Bloomington, Greenwood, Minneapolis (two), St. Louis Park, Orono, and St. Paul, Minnesota.
BRIDGEWATER BANCSHARES, INC. 
