Bridgewater Bank(BWB) - 2024 Q1 - Quarterly Results
Bridgewater Bank(BWB)2024-04-24 20:21Exhibit 99.1 Media Contact: Jessica Stejskal | SVP Marketing Jessica.Stejskal@bwbmn.com | 952.893.6860 April 24, 2024 First Quarter 2024 Highlights ● Repurchased 193,802 shares of common stock at a weighted average price of $11.75 per share, for a total of $2.3 million. ● Loan-to-deposit ratio of 99.4%, compared to 100.4% at December 31, 2023. ● Efficiency ratio(1) of 58.2%, compared to 58.8% for the fourth quarter of 2023. Page 1 of 16 "During the first quarter, we also saw net interest margin compression ...