secwatch.observer — SEC 8-K summary
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Issuer:     Bridgewater Bancshares Inc (BWB)
CIK:        0001341317
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001558370-24-005607
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1341317/000155837024005607/0001558370-24-005607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1341317/000155837024005607/bwb-20240424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005607

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