---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005607"
form_type: "8-K"
ticker: "BWB"
cik: "0001341317"
company_name: "Bridgewater Bancshares Inc"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:25:24.504836+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bridgewater Bancshares Q1 net income $7.8M, diluted EPS $0.24; deposits rise $97M

## Summary
- Net income $7.8M, diluted EPS $0.24 (vs $8.9M/$0.28 Q4'23, $11.6M/$0.37 Q1'23).
- Tangible book value per share $13.20, up 11.5% annualized from Q4'23; 29th consecutive quarterly increase.
- Gross loans +$59.9M (6.5% annualized); deposits +$97.3M (10.5% annualized); loan-to-deposit ratio 99.4%.
- Repurchased 193,802 shares at avg $11.75 for $2.3M; $18.2M remaining under authorization.
- Declared quarterly cash dividend on Series A preferred: $0.3672 per depositary share payable June 3, 2024.

## SEC filing metadata
- accession: 0001558370-24-005607
- form_type: 8-K
- ticker: BWB
- cik: 0001341317
- company_name: Bridgewater Bancshares Inc
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005607/0001558370-24-005607-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005607/bwb-20240424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005607
- JSON: https://secwatch.observer/filing/0001558370-24-005607.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005607.txt

## Key facts
- Earnings Releases
  Bridgewater Bancshares Inc reported first quarter of 2024 results: net income $7.8 million, EPS $0.24 diluted earnings per common share.
  - Period: first quarter of 2024
  - Net income: $7.8 million
  - EPS: $0.24 diluted earnings per common share
  - Result: reported results
  source text: Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $7.8 million for the first quarter of 2024, compared to $8.9 million for the fourth quarter of 2023, and $11.6 million for the first quarter of 2023. Earnings per diluted common share were $0.24 for the first quarter of 2024, compared to $0.28 for the fourth quarter of 2023, and $0.37 for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837024005607/0001558370-24-005607-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.