- Bridgewater Bancshares press release ( NASDAQ: BWB ): Q4 GAAP EPS of $0.45 misses by $0.02 .
- Revenue of $34.64M (+13.8% Y/Y) in-line.
- Pre-provision net revenue (PPNR), a non-GAAP financial measure, of $19.5 million, compared to $21.4 million for the third quarter of 2022, a decrease of $1.9 million, or 9.0%. PPNR ROA, a non-GAAP financial measure, was 1.82%, compared to 2.15% for the third quarter of 2022.
- Gross loans increased $189.4 million, or 22.2% annualized, from the third quarter of 2022.
- Deposits increased $111.5 million, or 13.4% annualized, from the third quarter of 2022.
- Tangible book value per share, a non-GAAP financial measure, increased $0.36, or 12.7% annualized, to $11.69 at December 31, 2022, compared to $11.33 at September 30, 2022.
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Bridgewater Bancshares GAAP EPS of $0.45 misses by $0.02, revenue of $34.64M in-line