Bridgewater grows earnings while provisioning and charge-offs increase
Bridgewater Bancshares ($BWB) reported quarterly net income of $15 million, compared with $11.6 million a year earlier and $14 million in the preceding quarter. Earnings per share increased to $0.49 from $0.38 year on year. Net interest income rose to $40.7 million from $34.1 million, and net interest margin improved two basis points sequentially to 3.09%. Core deposits increased by $165.3 million during the quarter and the efficiency ratio improved to 48.8% from 53% in the preceding quarter. Cr
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