Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high-net-worth individuals in Minnesota. The company was founded in 2005 and is based in Bloomington, Minnesota.
Bridgewater Bancshares, Inc. (BWB) delivered earnings and revenue surprises of 13.04% and 8.07%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $7.6 million for the second quarter of 2020, a 2.1% increase over net income of $7.4 million for the first quarter of 2020, and a 5.1% decrease over net income of $8.0 million for the second quarter of 2019. Net income per diluted common share for the second quarter of 2020 and 2019 was $0.26.