Bremer Financial Corporation, parent company of Bremer Bank, reports results for 2021, including return on average equity of 12.76 percent. The company earned net income of $182 million for 2021, compared to $155 million for 2020. The company’s net income result reflects its strong core operating performance and disciplined approach through changing economic conditions.
“Bremer’s 2021 success is the result of strong fiscal management, effective strategy, and proof of Bremer’s positioning for long-term success,” said President and CEO Jeanne Crain. “In 2022, we will continue to focus on putting our customers at the center of everything we do.”
The company distributed $70.1 million in dividends to shareholders during 2021. This includes $64.5 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 $1 billion in dividends to all shareholders, including over $920 million paid to the Otto Bremer Trust.