Bremer Financial Corporation, parent company of Bremer Bank, reports results for 2019, including return on average equity of 12.98 percent and return on average assets of 1.22 percent. The company earned a record net income of $156.0 million for 2019, compared to $145.9 million for 2018. The company’s net income result reflects the impact of strong loan and deposit growth.
“These results are a testament to our continued solid financial performance across our businesses,” said President and CEO Jeanne Crain. “We’re looking forward to amplifying our work on the strategies and investments that made 2019 such a success, including our work on digital capabilities to better serve our customers.”
The company distributed a record $87.6 million in dividends to shareholders during 2019. This includes $80.6 million to the Otto Bremer Trust.
Each year, 92 percent of Bremer’s dividends are provided to the Otto Bremer Trust, while 8 percent are provided to Bremer employees. Since 1989, Bremer has distributed over $850 million in dividends to all shareholders, including over $780 million paid to the Otto Bremer Trust.