Bridgewater Bancshares Files 8-K

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

Bridgewater Bancshares INC 8-K Filing Summary
FieldDetail
CompanyBridgewater Bancshares INC (BWBBP)
Form Type8-K
Filed DateJul 24, 2024
Risk Levellow
Pages3
Reading Time4 min
Key Dollar Amounts$0.01, $15.3 million, $36.72, $0.3672
Sentimentneutral

Sentiment: neutral

Topics: 8-K, financial-condition, operations

Related Tickers: BWB

TL;DR

BWB filed an 8-K on July 24th detailing July 23rd events. Check for financial updates.

AI Summary

Bridgewater Bancshares, Inc. filed an 8-K on July 24, 2024, reporting on events that occurred on July 23, 2024. The filing includes information related to the company's results of operations, financial condition, and other events, as well as financial statements and exhibits. Specific financial figures or material events are not detailed in the provided text.

Why It Matters

This filing provides an update on Bridgewater Bancshares' financial condition and operations, which is important for investors to assess the company's performance and outlook.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report and does not indicate any immediate or significant risks.

Key Players & Entities

FAQ

What specific events are detailed in the 8-K filing from July 23, 2024?

The provided text indicates the filing pertains to 'Results of Operations and Financial Condition', 'Regulation FD Disclosure', 'Other Events', and 'Financial Statements and Exhibits', but does not specify the exact events.

What is the exact name of the company filing the report?

The exact name of the registrant is Bridgewater Bancshares, Inc.

On what date was this 8-K report filed?

The 8-K report was filed on July 24, 2024.

What is the principal executive office address of Bridgewater Bancshares, Inc.?

The address of the principal executive offices is 4450 Excelsior Boulevard, Suite 100, St. Louis Park, Minnesota 55416.

What is the Standard Industrial Classification (SIC) code for Bridgewater Bancshares, Inc.?

The Standard Industrial Classification code for Bridgewater Bancshares, Inc. is 6022, which corresponds to STATE COMMERCIAL BANKS.

Filing Stats: 953 words · 4 min read · ~3 pages · Grade level 11.6 · Accepted 2024-07-24 16:22:14

Key Financial Figures

Filing Documents

02 R esults of Operations and Financial Condition

Item 2.02 R esults of Operations and Financial Condition. On July 24, 2024, Bridgewater Bancshares, Inc. (the "Company") issued a press release announcing its financial results as of and for the three and six months ended June 30, 2024. 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 July 23, 2024, the Board of Directors of the Company extended the expiration date of the Company's previously announced stock repurchase program (the "2022 Stock Repurchase Program") from August 16, 2024 to August 20, 2025. As of July 23, 2024, the Stock Repurchase Program had $15.3 million remaining under its stock repurchase authorization. Under the 2022 Stock Repurchase Program, the Company may repurchase shares of its common stock from time to time in the open market or privately negotiated transactions. Any open market repurchases will be conducted in accordance with the limitations set forth in Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and other applicable legal requirements. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 under the Exchange Act, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The extent to which the Company repurchases its shares, and the timing of such repurchases, will depend upon a variety of factors, including general market and economic conditions, regulatory requirements, availability of funds, and other relevant considerations, as determined by the Company. The Company may, in its discretion, begin, suspend or terminate repurchases at any time prior to the 2022 Stock Repurchase Program's expiration, without any prior notice. On July 24, 2024, in its 2024 second 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 September 3, 2024, to shareholde

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press Release of Bridgewater Bancshares, Inc., dated July 24, 2024, regarding second quarter 2024 financial results Exhibit 99.2 Earnings Presentation dated July 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: July 24, 2024 By: /s/ Jerry Baack Name: Jerry Baack Title: Chairman and Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR

View on Read The Filing