Bridgewater Bancshares Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by Bridgewater Bancshares Inc. on January 27, 2022. The filing primarily serves to announce the Company's financial results for the three and twelve months ended December 31, 2021, and to disclose a dividend declaration for its preferred stock.
Key Financial Metrics
The filing text references a press release (Exhibit 99.1) and an investor presentation (Exhibit 99.2) containing detailed financial results but does not explicitly state specific values for revenue, profit, cash flow, margins, debt, or liquidity within the body of this 8-K document. The filing text does not provide a clear value for these operational metrics.
Material Changes and Events
- Dividend Declaration: The Board of Directors declared a quarterly cash dividend on the 5.875% Non-Cumulative Perpetual Preferred Stock, Series A.
- Dividend Amount: $36.72 per share, which is equivalent to $0.3672 per depository share (each representing a 1/100th interest).
- Payment Details: The dividend is payable on March 1, 2022, to shareholders of record as of the close of business on February 15, 2022.
Guidance, Outlook, and Risks
The filing incorporates by reference an Investor Presentation (Exhibit 99.2) which may contain forward-looking statements, guidance, or management commentary. However, the text of this 8-K does not explicitly detail specific guidance, outlook, risks, contingencies, or unusual items. Investors must refer to the attached exhibits for such information.
Key Facts for Investor Verification
- Verify the specific revenue, net income, and earnings per share figures in the attached Press Release (Exhibit 99.1) for the quarter and year ended December 31, 2021.
- Confirm the record date (February 15, 2022) and payment date (March 1, 2022) for the Series A Preferred Stock dividend.
- Review the Investor Presentation (Exhibit 99.2) for management's outlook and any discussion of risks or contingencies not detailed in this summary.