Bridgewater Bancshares Files 8-K on Financial Condition & Operations

Ticker: BWBBP · Form: 8-K · Filed: Jan 24, 2024 · CIK: 1341317

Bridgewater Bancshares INC 8-K Filing Summary
FieldDetail
CompanyBridgewater Bancshares INC (BWBBP)
Form Type8-K
Filed DateJan 24, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.01, $36.72, $0.3672
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: financial-condition, operations, regulation-fd, 8-k

TL;DR

**Bridgewater Bancshares just dropped an 8-K with fresh financial results and operational updates.**

AI Summary

Bridgewater Bancshares Inc. filed an 8-K on January 24, 2024, to report on its results of operations and financial condition, as well as to make a Regulation FD disclosure and other events. This filing, under Commission File Number 001-38412, indicates that the company is providing updated financial information. For investors, this matters because it offers the latest snapshot of the company's financial health and operational performance, which can influence stock valuation and future investment decisions.

Why It Matters

This filing provides investors with current financial data, crucial for assessing Bridgewater Bancshares' performance and making informed investment choices.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and operational updates, not indicating any immediate new risks.

Analyst Insight

A smart investor would review the full details of the financial condition and results of operations once they become available to understand the company's performance trends and outlook.

Key Players & Entities

FAQ

What is the primary purpose of Bridgewater Bancshares Inc.'s 8-K filing dated January 24, 2024?

The primary purpose of Bridgewater Bancshares Inc.'s 8-K filing dated January 24, 2024, is to report on its results of operations and financial condition, make a Regulation FD Disclosure, and disclose other events, as indicated by the 'ITEM INFORMATION' sections.

What is the Commission File Number for Bridgewater Bancshares Inc. as stated in this 8-K filing?

The Commission File Number for Bridgewater Bancshares Inc. is 001-38412, as specified in the filing.

Where is Bridgewater Bancshares Inc.'s principal executive office located according to the filing?

Bridgewater Bancshares Inc.'s principal executive office is located at 4450 Excelsior Boulevard, Suite 100, St. Louis Park, Minnesota 55416.

What is the registrant's telephone number provided in the 8-K?

The registrant's telephone number, including area code, is (952) 893-6868.

Under which Act is this Current Report filed, according to the document?

This Current Report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Filing Stats: 724 words · 3 min read · ~2 pages · Grade level 10.8 · Accepted 2024-01-24 16:36:21

Key Financial Figures

Filing Documents

02 R esults of Operations and Financial Condition

Item 2.02 R esults of Operations and Financial Condition. On January 24, 2024, Bridgewater Bancshares, Inc. (the "Company") issued a press release announcing its financial results for the three and twelve months ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The information furnished in this item of this Form 8-K, and the related exhibits, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

01 R egulation FD Disclosure

Item 7.01 R egulation FD Disclosure. The Company hereby furnishes the Investor Presentation attached hereto as Exhibit 99.2. The information furnished in this item of this Form 8-K, and the related exhibits, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in such filing.

01 Other Events

Item 8.01 Other Events . On January 24, 2024, in its 2023 fourth quarter earnings release, the Company announced that its Board of Directors had declared a quarterly cash dividend on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A ("Series A Preferred Stock"). The quarterly cash dividend of $36.72 per share, equivalent to $0.3672 per depository share, each representing a 1/100 th interest in a share of the Series A Preferred Stock (Nasdaq: BWBBP), is payable on March 1, 2024, to shareholders of record of the Series A Preferred Stock at the close of business on February 15, 2024.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press Release of Bridgewater Bancshares, Inc., dated January 24, 2024, regarding fourth quarter 2023 financial results Exhibit 99.2 Earnings Presentation dated January 24, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Bridgewater Bancshares, Inc. Date: January 24, 2024 By: /s/ Jerry Baack Name: Jerry Baack Title: Chairman, Chief Executive Officer and President 3

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