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Bremer Financial Corporation reports 2022 results


Bremer Financial Corporation, parent company of Bremer Bank, reports results for 2022, including return on average equity of 13.99 percent. The company earned net income of $198.5 million for 2022, compared to $182.4 million for 2021. The company’s net income result reflects its strong core operating performance and disciplined approach through changing economic conditions.

“Bremer continues to demonstrate the success of its business strategy which combines a value-added customer experience with modern and comprehensive banking solutions. Our strong financial management and focus on the customer has driven our past success and will continue to drive our long-term success as well. With these tremendous financial results and our competitive market positioning, we are poised for growth in 2023 by being ready to respond to the needs of our current customers and new relationships alike,” said President and CEO Jeanne Crain.

The company distributed $74.4 million in dividends to shareholders during 2022. This includes $68.4 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 $980 million paid to the Otto Bremer Trust.

About Bremer Financial Corporation

Bremer Financial Corporation is a privately held, regional financial services company with $16 billion in assets, jointly owned by the Otto Bremer Trust and Bremer employees. Founded in 1943 by Otto Bremer, the company is headquartered in St. Paul, Minnesota and provides a comprehensive range of banking, mortgage, investment, wealth management, and insurance products and services throughout Minnesota, North Dakota and Wisconsin. Clients include small businesses, mid-sized corporations, agribusinesses, nonprofits, public and government entities, and individuals and families.