NASDAQ$BWB
Bridgewater Bancshares Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Net income of $9.8 million, with diluted earnings per common share of $0.31, was announced.
Bridgewater Bancshares reported a net income of $9.8 million for Q2 2023, with diluted earnings per share at $0.31. Improved balance sheet composition was driven by deposit inflows and reduced borrowings, while net interest margin compression slowed and asset quality remained strong.
- Gross loans increased by $51.9 million, or 5.6% annualized, from the first quarter of 2023.
- Deposits increased by $166.8 million, or 19.6% annualized, from the first quarter of 2023, including an increase of core deposits of $45.3 million, or 7.4% annualized.
- Net interest margin of 2.40%, compared to 2.72% in the first quarter of 2023.
- Efficiency ratio of 52.7%, compared to 46.2% for the first quarter of 2023.
Headline financials
Revenue & EPS history
Bridgewater Bank · Revenue · Quarterly
$27.3M
Revenue by segment
Bridgewater Bank · $3.57B total across 4 segments · Q4 2022
- Real Estate Mortgage Loans$2.76B—77.3%
- Commercial Loans$435M—12.2%
- Construction and Land Development$366M—10.3%
- Consumer and Other Loans$8.13M—0.2%
Forward guidance
This document does not contain any forward guidance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
+1.1%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.2%
Avg return
30 days after
63%
24 / 38 earnings
Positive
+9.3%
Q1 2021
Best reaction
-4.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -0.2% | +0.5% | |
| Q4 2025 | +2.0% | +6.3% | -1.0% | |
| Q3 2025 | -3.3% | -2.2% | -2.9% | |
| Q2 2025 | -1.3% | -0.4% | +4.3% | |
| Q1 2025 | +2.3% | +12.9% | +8.8% | |
| Q4 2024 | +4.1% | +0.9% | +6.1% | |
| Q3 2024 | -0.9% | -0.7% | +0.0% | |
| Q2 2024 | +3.2% | -0.8% | -2.0% | |
| Q1 2024 | -1.6% | -1.8% | -2.5% | |
| Q4 2023 | +2.2% | -0.9% | -11.7% | |
| Q3 2023 | +6.0% | +5.5% | +16.3% | |
| Q2 2023 | -1.1% | -1.3% | -6.5% | |
| Q1 2023 | +2.1% | +0.0% | -5.3% | |
| Q4 2022 | -3.8% | -10.8% | -15.0% | |
| Q3 2022 | +5.1% | +7.2% | +8.1% | |
| Q2 2022 | +2.0% | +0.2% | +1.7% | |
| Q1 2022 | -0.8% | -0.8% | +0.6% | |
| Q4 2021 | +2.2% | -0.6% | -1.9% | |
| Q3 2021 | +2.3% | +5.3% | +0.5% | |
| Q2 2021 | -0.6% | -1.1% | +2.4% | |
| Q1 2021 | +9.3% | +5.8% | +12.2% | |
| Q4 2020 | -0.8% | +2.1% | +8.5% | |
| Q3 2020 | -1.9% | -1.1% | +6.0% | |
| Q2 2020 | -1.1% | -0.3% | +6.1% | |
| Q1 2020 | -4.5% | -9.1% | -0.5% | |
| Q4 2019 | +1.3% | +1.4% | +4.0% | |
| Q3 2019 | -0.2% | +1.7% | +3.7% | |
| Q2 2019 | +2.2% | +2.2% | -4.2% | |
| Q1 2019 | +0.5% | +1.1% | +4.1% | |
| Q4 2016 | +2.5% | +0.6% | -6.2% | |
| Q4 2018 | +6.7% | +6.1% | +8.7% | |
| Q3 2017 | +2.7% | +2.7% | +0.6% | |
| Q3 2018 | +2.7% | +2.7% | +0.6% | |
| Q2 2017 | -0.2% | -1.0% | +5.5% | |
| Q2 2018 | +1.8% | +0.2% | +0.3% | |
| Q1 2017 | +0.2% | +0.2% | -1.6% | |
| Q1 2018 | +0.2% | +0.2% | -1.6% | |
| Q4 2017 | +0.2% | +1.4% | -0.5% |
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