Bridgewater Bancshares ( (BWB) ) has released its Q4 earnings. Here is a breakdown of the information Bridgewater Bancshares presented to its investors.
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Bridgewater Bancshares, Inc. is a Minnesota-based financial holding company, operating through its subsidiary Bridgewater Bank, providing comprehensive banking services to businesses and individuals in the Twin Cities area. In the fourth quarter of 2024, Bridgewater Bancshares reported a net income of $8.2 million and completed the acquisition of First Minnetonka City Bank, enhancing its market position. The company saw a 5.3% increase in net interest income and a rise in core deposits by 63.6% annualized, excluding the acquisition. The net interest margin improved to 2.32%, and the efficiency ratio decreased, reflecting cost management efforts. Looking forward, Bridgewater Bancshares aims to leverage its expanded asset base and deposit growth to achieve more normalized levels of profitable growth in 2025.