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Bridgewater Bancshares ( (BWB) ) has shared an update.
Bridgewater Bancshares, Inc. reported a robust third quarter in 2024 with a net income of $8.7 million, reflecting strong core deposit growth and stable net interest margins. The company announced a quarterly dividend for its Series A Preferred Stock and a strategic acquisition of First Minnetonka City Bank, aimed at enhancing its funding and liquidity profile. Notably, asset quality remained sound with improved multifamily trends in the Twin Cities.
For an in-depth examination of BWB stock, go to TipRanks’ Stock Analysis page.