Bridgewater Bancshares Q3 adjusted EPS beats estimates
BWB•Bridgewater Bancshares reported Q3 adjusted EPS of $0.49, above the $0.47 analyst estimate. Net interest income was $40.7 million, and net income was $15 million.
1. Quarterly results
Bridgewater Bancshares' Q3 adjusted EPS rose year over year to $0.49, beating the $0.47 analyst estimate. Net income was $15 million and net interest income was $40.7 million.
2. Growth and outlook
Net interest income increased year over year, driven by loan and investment portfolio growth and higher yields. The company also reported deposit growth from the prior quarter, and said its balance sheet is positioned for a higher-rate environment. It expects variable-rate loan mix and client relationship expansion to support performance and profitable growth.
