Bridgewater Bancshares, Inc.(BWB)Earnings, Financials & Key Ratios

BWB•NASDAQ•Banking & Credit

13.7× P/E·Price updated Jun 25, 2026

SectorFinancial Services IndustryRegional Banks Sub-IndustryCommercial real estate and multifamily lenders

AboutBridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit. It also provides commercial loans to sole proprietorships, partnerships, corporations, and other business enterprises to finance accounts receivable or inventory, capital assets, or other business-related purposes; paycheck protection program loans; construction and land development loans; 1-4 family mortgage loans; multifamily lending products; owner and non-owner occupied commercial real estate loans; and consumer and other loans. In addition, the company online, mobile, and direct banking services. It operates through seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.Show more

Net Interest Income$132M+29.6%
Total Revenue$292M+16.0%
Net Income$46M+40.4%
Return on Equity9.45%+27.2%
Net Interest Margin2.45%+21.4%
Efficiency Ratio26.11%+6.8%
ROA0.88%+29.8%
Equity / Assets9.56%+5.8%
Book Value per Share18.05+10.1%

BWB Key Insights

Bridgewater Bancshares, Inc. (BWB) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Efficient operations: 26.1% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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BWB Price & Volume

Bridgewater Bancshares, Inc. (BWB) stock price & volume — 10-year historical chart

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BWB Growth Metrics

Bridgewater Bancshares, Inc. (BWB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-

5 Years19.3%

3 Years19.86%

TTM-

Profit CAGR

10 Years-

5 Years11.13%

3 Years-4.79%

TTM55.55%

EPS CAGR

10 Years-

5 Years10.03%

3 Years-4.46%

TTM60.91%

Return on Capital

10 Years9.31%

5 Years8.51%

3 Years5.79%

Last Year5.97%

BWB Recent Earnings

Bridgewater Bancshares, Inc. (BWB) EPS & revenue vs analyst estimates — last 4 quarters

Full history →

●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)

Q2 2026Latest

Apr 21, 2026

Metric

Actual

Est

EPS

$0.41-2.4%

$0.42

Rev

$39M-0.9%

$39M

Q1 2026

Jan 27, 2026

Metric

Actual

Est

EPS

$0.44+4.8%

$0.42

Rev

$39M+1.8%

$38M

Q4 2025

Oct 21, 2025

Metric

Actual

Est

EPS

$0.39-4.9%

$0.41

Rev

$36M-0.2%

$36M

Q3 2025

Jul 23, 2025

Metric

Actual

Est

EPS

$0.37+5.7%

$0.35

Rev

$36M+4.4%

$34M

Quarter	Date	EPS (Act vs Est)	Revenue (Act vs Est)
Q2 2026Latest	Apr 21, 2026	$0.41vs $0.42-2.4%	$39Mvs $39M-0.9%
Q1 2026	Jan 27, 2026	$0.44vs $0.42+4.8%	$39Mvs $38M+1.8%
Q4 2025	Oct 21, 2025	$0.39vs $0.41-4.9%	$36Mvs $36M-0.2%
Q3 2025	Jul 23, 2025	$0.37vs $0.35+5.7%	$36Mvs $34M+4.4%

Based on last 12 quarters of dataView full earnings history →

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
TCBKTriCo BancsharesDirect Competitor	1.72B	53.55	14.43	1.78%	23.87%	9.86%	0.06
NBTBNBT Bancorp Inc.Direct Competitor	2.56B	49.26	14.79	10.36%	19.66%	9.83%	0.17
FBIZFirst Business Financial Services, Inc.Direct Competitor	524.93M	62.92	10.38	6.43%	18.74%	14.12%	0.70
MGYRMagyar Bancorp, Inc.Direct Competitor	115.23M	17.83	11.43	12.08%	18.32%	9.28%	0.41
WAFDWaFd, Inc.Product Competitor	2.81B	38.01	14.45	-1.58%	18.26%	8.36%	0.60
BANFBancFirst CorporationProduct Competitor	3.81B	113.30	15.91	-9.29%	29.66%	13.62%	0.07
FFINFirst Financial Bankshares, Inc.Product Competitor	5.01B	34.94	19.74	11.71%	31.14%	14.2%	0.01
IBCPIndependent Bank CorporationProduct Competitor	733.17M	35.58	10.88	-0.3%	22.54%	14.15%	0.23

Compare BWB vs Peers

Bridgewater Bancshares, Inc. (BWB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TCBK

Most directly comparable listed peer for BWB.

Scale Benchmark

vs ICE

Larger-name benchmark to compare BWB against a more recognizable public peer.

Peer Set

Compare Top 5

vs TCBK, NBTB, FBIZ, MGYR

BWB Income Statement

Bridgewater Bancshares, Inc. (BWB) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Net Interest Income	54.17M	64.74M	74.13M	87.96M	109.51M	129.7M	105.17M	102.19M	132.44M	138.88M
NII Growth %	28.62%	19.5%	14.51%	18.66%	24.49%	18.44%	-18.91%	-2.83%	29.6%	116.65%
Net Interest Margin %	3.35%	3.28%	3.27%	3%	3.15%	2.98%	2.28%	2.02%	2.45%	2.6%
Interest Income	66.35M	85.23M	103.78M	114.83M	128.88M	163.69M	222.35M	245.9M	281.85M	286.11M
Interest Expense	12.17M	20.49M	29.65M	26.86M	19.37M	34M	117.18M	143.71M	149.41M	147.23M
Loan Loss Provision	4.17M	3.58M	2.7M	12.75M	5.15M	7.7M	-175K	3.52M	4.6M	4.3M
Non-Interest Income	2.54M	2.54M	3.83M	5.84M	5.31M	5.64M	4.59M	5.55M	9.78M	17.55M
Non-Interest Income %	3.68%	2.9%	3.56%	4.84%	3.95%	3.33%	2.02%	2.21%	3.35%	5.78%
Total Revenue	68.88M▲ 0%	87.77M▲ 27.4%	107.6M▲ 22.6%	120.67M▲ 12.1%	134.19M▲ 11.2%	169.34M▲ 26.2%	226.95M▲ 34.0%	251.44M▲ 10.8%	291.63M▲ 16.0%	303.66M▲ 0%
Revenue Growth %	29.48%	27.42%	22.6%	12.14%	11.2%	26.2%	34.02%	10.79%	15.98%	68.84%
Non-Interest Expense	25.5M	31.56M	36.93M	45.39M	48.09M	55.93M	57.42M	61.48M	76.14M	80.46M
Efficiency Ratio	37.01%	35.96%	34.32%	37.61%	35.84%	33.03%	25.3%	24.45%	26.11%	26.5%
Operating Income	27.04M▲ 0%	32.14M▲ 18.9%	38.33M▲ 19.2%	35.67M▼ 6.9%	61.57M▲ 72.6%	71.71M▲ 16.5%	52.52M▼ 26.8%	42.74M▼ 18.6%	61.48M▲ 43.9%	71.67M▲ 0%
Operating Margin %	39.25%	36.62%	35.62%	29.56%	45.89%	42.35%	23.14%	17%	21.08%	23.6%
Operating Income Growth %	27.14%	18.88%	19.23%	-6.94%	72.64%	16.46%	-26.76%	-18.63%	43.86%	-
Pretax Income	27.04M▲ 0%	32.14M▲ 18.9%	38.33M▲ 19.2%	35.67M▼ 6.9%	61.57M▲ 72.6%	71.71M▲ 16.5%	52.52M▼ 26.8%	42.74M▼ 18.6%	60.03M▲ 40.5%	70.22M▲ 0%
Pretax Margin %	39.25%	36.62%	35.62%	29.56%	45.89%	42.35%	23.14%	17%	20.58%	23.13%
Income Tax	10.15M	5.22M	6.92M	8.47M	15.89M	18.32M	12.56M	9.91M	13.94M	16.36M
Effective Tax Rate %	37.54%	16.25%	18.06%	23.75%	25.8%	25.54%	23.92%	23.19%	23.23%	23.3%
Net Income	16.89M▲ 0%	26.92M▲ 59.4%	31.4M▲ 16.7%	27.19M▼ 13.4%	45.69M▲ 68.0%	53.39M▲ 16.9%	39.96M▼ 25.2%	32.83M▼ 17.9%	46.09M▲ 40.4%	53.86M▲ 0%
Net Margin %	24.52%	30.67%	29.18%	22.54%	34.05%	31.53%	17.61%	13.05%	15.8%	17.74%
Net Income Growth %	27.8%	59.39%	16.65%	-13.4%	68%	16.86%	-25.16%	-17.86%	40.41%	55.55%
Net Income (Continuing)	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M	46.09M	53.86M
EPS (Diluted)	0.58▲ 0%	0.91▲ 56.9%	1.05▲ 15.4%	0.93▼ 11.4%	1.54▲ 65.6%	1.72▲ 11.7%	1.27▼ 26.2%	1.03▼ 18.9%	1.50▲ 45.6%	1.89▲ 0%
EPS Growth %	31.82%	56.9%	15.38%	-11.43%	65.59%	11.69%	-26.16%	-18.9%	45.63%	60.91%
EPS (Basic)	0.58	0.93	1.07	0.95	1.59	1.78	1.29	1.05	1.53	-
Diluted Shares Outstanding	29.05M	29.44M	30M	29.17M	28.97M	28.67M	28.32M	27.94M	28.65M	28.49M

BWB Balance Sheet

Bridgewater Bancshares, Inc. (BWB) balance sheet — assets, liabilities & shareholders' equity

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash & Short Term Investments	256.29M	285.13M	324.47M	554.16M	584.71M	636.84M	732.67M	619.83M	449.71M	2.1B
Cash & Due from Banks	26.8M	31.75M	34.59M	163.53M	145.35M	88.22M	128.56M	234.14M	123.51M	222.15M
Short Term Investments	229.49M	253.38M	289.88M	390.63M	439.36M	548.61M	604.1M	385.69M	326.2M	310.11M
Total Investments	1.56B	1.89B	2.17B	2.67B	3.21B	4.06B	4.27B	4.53B	4.98B	4.83B
Investments Growth %	29.43%	21.71%	14.79%	22.96%	20.06%	26.53%	5.18%	6.14%	9.79%	37.92%
Long-Term Investments	1.33B	1.64B	1.88B	2.28B	2.77B	3.51B	3.67B	4.15B	4.65B	18.12B
Accounts Receivables	5.34M	6.59M	6.78M	9.17M	9.19M	13.48M	16.7M	17.71M	18.93M	15.84M
Goodwill & Intangibles	3.87M	3.68M	3.49M	3.3M	3.1M	2.91M	2.81M	19.83M	18.91M	18.68M
Goodwill	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	11.98M	11.98M	11.98M
Intangible Assets	1.24M	1.05M	861K	670K	479K	288K	188K	7.85M	6.93M	6.7M
PP&E (Net)	10.12M	13.07M	27.63M	50.99M	49.4M	48.45M	48.89M	49.53M	51.58M	52.78M
Other Assets	14.49M	24.89M	22.47M	27.29M	61.34M	131.83M	143.71M	167.35M	216.93M	199.03M
Total Current Assets	261.63M	291.72M	331.24M	563.34M	593.9M	650.32M	749.36M	681.83M	468.64M	548.11M
Total Non-Current Assets	1.35B	1.68B	1.94B	2.36B	2.88B	3.7B	3.86B	4.38B	4.94B	4.79B
Total Assets	1.62B▲ 0%	1.97B▲ 22.1%	2.27B▲ 15.0%	2.93B▲ 29.0%	3.48B▲ 18.8%	4.35B▲ 25.0%	4.61B▲ 6.1%	5.07B▲ 9.8%	5.41B▲ 6.7%	5.34B▲ 0%
Asset Growth %	28.26%	22.09%	14.95%	29.02%	18.8%	24.96%	6.13%	9.85%	6.73%	37.85%
Return on Assets (ROA)	1.17%	1.5%	1.48%	1.05%	1.43%	1.36%	0.89%	0.68%	0.88%	1.01%
Accounts Payable	1.41M	1.81M	1.98M	1.61M	1.41M	2.83M	5.28M	4.01M	3.23M	4.25M
Total Debt	132.53M	181.63M	174.23M	142.24M	134.74M	476.65M	412.54M	452.92M	508.18M	444.78M
Net Debt	105.73M	149.88M	139.64M	-21.3M	-10.61M	388.43M	283.98M	218.78M	384.67M	222.63M
Long-Term Debt	109.53M	163.63M	174.23M	142.24M	134.74M	189.66M	412.54M	452.92M	508.18M	444.78M
Short-Term Debt	23M	18M	0	0	0	287M	0	0	0	0
Other Liabilities	6.17M	8.37M	24.51M	16.45M	16M	55.57M	58.71M	64.61M	58.13M	52.42M
Total Current Liabilities	1.36B	1.58B	1.83B	2.5B	2.95B	3.71B	3.72B	4.09B	4.32B	4.31B
Total Non-Current Liabilities	115.69M	172M	198.74M	158.69M	150.74M	245.22M	471.25M	517.53M	566.31M	497.21M
Total Liabilities	1.48B	1.75B	2.02B	2.66B	3.1B	3.95B	4.19B	4.61B	4.89B	4.81B
Total Equity	137.16M▲ 0%	221M▲ 61.1%	244.79M▲ 10.8%	265.4M▲ 8.4%	379.27M▲ 42.9%	394.06M▲ 3.9%	425.51M▲ 8.0%	457.94M▲ 7.6%	517.1M▲ 12.9%	528.42M▲ 0%
Equity Growth %	18.89%	61.12%	10.77%	8.42%	42.9%	3.9%	7.98%	7.62%	12.92%	44.04%
Equity / Assets (Capital Ratio)	8.48%	11.2%	10.79%	9.07%	10.91%	9.07%	9.23%	9.04%	9.56%	9.9%
Return on Equity (ROE)	13.38%	15.03%	13.48%	10.66%	14.17%	13.81%	9.75%	7.43%	9.45%	10.67%
Book Value per Share	4.72	7.51	8.16	9.10	13.09	13.75	15.03	16.39	18.05	18.55
Tangible BV per Share	4.59	7.38	8.04	8.99	12.99	13.64	14.93	15.68	17.39	17.89
Common Stock	246K	301K	290K	281K	282K	278K	277K	276K	278K	278K
Additional Paid-in Capital	66.32M	126.03M	112.09M	103.71M	104.12M	96.53M	96.32M	95.09M	98.29M	99.56M
Retained Earnings	69.51M	96.23M	127.64M	154.83M	199.35M	248.69M	280.65M	309.42M	351.45M	367.85M
Accumulated OCI	1.08M	-1.57M	4.77M	6.58M	9.01M	-17.94M	-18.25M	-13.36M	561K	-5.78M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	66.51M	66.51M	66.51M	66.51M	66.51M	66.51M

BWB Cash Flow Statement

Bridgewater Bancshares, Inc. (BWB) cash flow — operating, investing & free cash flow history

Metric	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25	TTM
Cash from Operations	24.9M	29.41M	39.53M	23.02M	54.24M	85M	30.02M	46.38M	27.81M	36.34M
Operating CF Growth %	66.78%	18.09%	34.41%	-41.76%	135.61%	56.72%	-64.69%	54.51%	-40.03%	228.81%
Net Income	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M	46.09M	53.86M
Depreciation & Amortization	885K	952K	1.2M	1.4M	2.56M	3.25M	3.14M	3M	3.95M	3.51M
Deferred Taxes	-2.06M	-1.3M	-747K	-2.59M	-4.52M	-1.4M	676K	24K	-2M	-1.81M
Other Non-Cash Items	6.89M	7.06M	4.75M	14.16M	8.2M	9.16M	-721K	776K	-1.18M	-9.07M
Working Capital Changes	1.93M	-5.02M	2.17M	-18.81M	-118K	17.26M	-17M	5.84M	-23.24M	-14.62M
Cash from Investing	-350.18M	-354.24M	-276.21M	-530.33M	-571.42M	-938.24M	-209.18M	-95.24M	-417.47M	-120.33M
Purchase of Investments	-68.45M	-78.37M	-98.82M	-170.49M	-109.9M	-268.26M	-113.65M	-245.18M	-206.1M	-224.06M
Sale/Maturity of Investments	59.62M	47.65M	83.98M	73.44M	56.11M	102.67M	61.5M	167.21M	235.39M	455.7M
Net Investment Activity	-8.83M	-30.72M	-14.84M	-97.05M	-53.79M	-165.59M	-52.15M	-77.96M	29.29M	231.63M
Acquisitions	0	0	0	0	0	0	0	17.28M	0	0
Other Investing	-340.11M	-319.8M	-245.8M	-408.6M	-516.86M	-771.02M	-154.07M	-30.48M	-436.28M	-344.83M
Cash from Financing	332.51M	329.55M	240.18M	636.05M	499.99M	796.81M	220.69M	150.06M	283.4M	139.94M
Dividends Paid	0	0	0	0	-1.17M	-4.05M	-4.05M	-4.05M	-4.05M	-4.05M
Share Repurchases	0	0	-14.96M	-10.37M	-2.74M	-11.51M	-5.13M	-5.9M	-2.19M	-2.51M
Stock Issued	180K	58.86M	0	0	0	0	0	0	1.94M	1.02M
Net Stock Activity	180K	58.86M	-14.96M	-10.37M	-2.74M	-11.51M	-5.13M	-5.9M	-252K	-1.49M
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	-2M
Other Financing	295.02M	216.69M	244.63M	678.64M	445.32M	757.88M	7.37M	120.01M	232.86M	144.12M
Net Change in Cash	7.23M▲ 0%	4.72M▼ 34.7%	3.49M▼ 26.0%	128.74M▲ 3587.8%	-17.2M▼ 113.4%	-56.43M▼ 228.0%	41.52M▲ 173.6%	101.2M▲ 143.7%	-106.25M▼ 205.0%	55.95M▲ 0%
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	16.5M	23.73M	28.44M	31.93M	160.68M	143.47M	87.04M	128.56M	229.76M	123.51M
Cash at End	23.73M	28.44M	31.93M	160.68M	143.47M	87.04M	128.56M	229.76M	123.51M	222.15M
Interest Paid	11.33M	19.99M	29.37M	27M	19.14M	32.16M	114.35M	144.6M	149.79M	225.28M
Income Taxes Paid	12.11M	7.87M	7.63M	10.72M	19.38M	20.57M	10.39M	5.75M	14.28M	14.28M
Free Cash Flow	23.67M▲ 0%	25.69M▲ 8.5%	23.95M▼ 6.7%	-1.67M▼ 107.0%	53.46M▲ 3303.1%	83.37M▲ 55.9%	27.05M▼ 67.6%	42.3M▲ 56.4%	21.96M▼ 48.1%	29.2M▲ 0%
FCF Growth %	85.77%	8.54%	-6.75%	-106.97%	3303.06%	55.94%	-67.56%	56.39%	-48.07%	-30.54%

BWB Banking Ratios

Bridgewater Bancshares, Inc. (BWB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025	TTM
Return on Equity (ROE)	13.38%	15.03%	13.48%	10.66%	14.17%	13.81%	9.75%	7.43%	9.45%	10.67%
Return on Assets (ROA)	1.17%	1.5%	1.48%	1.05%	1.43%	1.36%	0.89%	0.68%	0.88%	1.01%
Net Interest Margin	3.35%	3.28%	3.27%	3%	3.15%	2.98%	2.28%	2.02%	2.45%	2.6%
Efficiency Ratio	37.01%	35.96%	34.32%	37.61%	35.84%	33.03%	25.3%	24.45%	26.11%	26.5%
Equity / Assets	8.48%	11.2%	10.79%	9.07%	10.91%	9.07%	9.23%	9.04%	9.56%	9.9%
Book Value / Share	4.72	7.51	8.16	9.1	13.09	13.75	15.03	16.39	18.05	18.55
NII Growth	28.62%	19.5%	14.51%	18.66%	24.49%	18.44%	-18.91%	-2.83%	29.6%	28.86%
Dividend Payout	-	-	-	-	-	-	-	-	-	0%

BWB SEC Filings & Documents

Bridgewater Bancshares, Inc. (BWB) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

May 4, 2026·SEC

Material company update

Apr 21, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

FY 2026

Feb 26, 2026·SEC

FY 2025

Mar 6, 2025·SEC

10-Q Quarterly Reports

FY 2026

Apr 30, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

BWB Frequently Asked Questions

Bridgewater Bancshares, Inc. (BWB) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Bridgewater Bancshares, Inc. (BWB) grew revenue by 16.0% over the past year. This is strong growth.

Yes, Bridgewater Bancshares, Inc. (BWB) is profitable, generating $53.9M in net income for fiscal year 2025 (15.8% net margin).

Dividend & Returns

Yes, Bridgewater Bancshares, Inc. (BWB) pays a dividend with a yield of 0.69%. This makes it attractive for income-focused investors.

Bridgewater Bancshares, Inc. (BWB) has a return on equity (ROE) of 9.5%. This is below average, suggesting room for improvement.

Industry Metrics

Bridgewater Bancshares, Inc. (BWB) has a net interest margin (NIM) of 2.4%. NIM has been under pressure due to interest rate environment.

Bridgewater Bancshares, Inc. (BWB) has an efficiency ratio of 26.1%. This is excellent, indicating strong cost control.

What if you invested $1,000 in BWB back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →

How much would $100/month in BWB be worth today?

Dollar cost averaging calculator · DCA vs lump sum

Calculate →

Quarter

Date

EPS (Act vs Est)

Revenue (Act vs Est)

Q2 2026Latest

Apr 21, 2026

$0.41vs $0.42-2.4%

$39Mvs $39M-0.9%

Q1 2026

Jan 27, 2026

$0.44vs $0.42+4.8%

$39Mvs $38M+1.8%

Q4 2025

Oct 21, 2025

$0.39vs $0.41-4.9%

$36Mvs $36M-0.2%

Q3 2025

Jul 23, 2025

$0.37vs $0.35+5.7%

$36Mvs $34M+4.4%

Metric

Dec'17

Dec'18

Dec'19

Dec'20

Dec'21

Dec'22

Dec'23

Dec'24

Dec'25

TTM

Net Interest Income

54.17M

64.74M

74.13M

87.96M

109.51M

129.7M

105.17M

102.19M

132.44M

138.88M

NII Growth %

28.62%

19.5%

14.51%

18.66%

24.49%

18.44%

-18.91%

-2.83%

29.6%

116.65%

Net Interest Margin %

3.35%

3.28%

3.27%

3.15%

2.98%

2.28%

2.02%

2.45%

2.6%

Interest Income

66.35M

85.23M

103.78M

114.83M

128.88M

163.69M

222.35M

245.9M

281.85M

286.11M

Interest Expense

12.17M

20.49M

29.65M

26.86M

19.37M

34M

117.18M

143.71M

149.41M

147.23M

Loan Loss Provision

4.17M

3.58M

2.7M

12.75M

5.15M

7.7M

-175K

3.52M

4.6M

4.3M

Non-Interest Income

2.54M

3.83M

5.84M

5.31M

5.64M

4.59M

5.55M

9.78M

17.55M

Non-Interest Income %

3.68%

2.9%

3.56%

4.84%

3.95%

3.33%

2.02%

2.21%

3.35%

5.78%

Total Revenue

68.88M▲ 0%

87.77M▲ 27.4%

107.6M▲ 22.6%

120.67M▲ 12.1%

134.19M▲ 11.2%

169.34M▲ 26.2%

226.95M▲ 34.0%

251.44M▲ 10.8%

291.63M▲ 16.0%

303.66M▲ 0%

Revenue Growth %

29.48%

27.42%

22.6%

12.14%

11.2%

26.2%

34.02%

10.79%

15.98%

68.84%

Non-Interest Expense

25.5M

31.56M

36.93M

45.39M

48.09M

55.93M

57.42M

61.48M

76.14M

80.46M

Efficiency Ratio

37.01%

35.96%

34.32%

37.61%

35.84%

33.03%

25.3%

24.45%

26.11%

26.5%

Operating Income

27.04M▲ 0%

32.14M▲ 18.9%

38.33M▲ 19.2%

35.67M▼ 6.9%

61.57M▲ 72.6%

71.71M▲ 16.5%

52.52M▼ 26.8%

42.74M▼ 18.6%

61.48M▲ 43.9%

71.67M▲ 0%

Operating Margin %

39.25%

36.62%

35.62%

29.56%

45.89%

42.35%

23.14%

17%

21.08%

23.6%

Operating Income Growth %

27.14%

18.88%

19.23%

-6.94%

72.64%

16.46%

-26.76%

-18.63%

43.86%

Pretax Income

27.04M▲ 0%

32.14M▲ 18.9%

38.33M▲ 19.2%

35.67M▼ 6.9%

61.57M▲ 72.6%

71.71M▲ 16.5%

52.52M▼ 26.8%

42.74M▼ 18.6%

60.03M▲ 40.5%

70.22M▲ 0%

Pretax Margin %

39.25%

36.62%

35.62%

29.56%

45.89%

42.35%

23.14%

17%

20.58%

23.13%

Income Tax

10.15M

5.22M

6.92M

8.47M

15.89M

18.32M

12.56M

9.91M

13.94M

16.36M

Effective Tax Rate %

37.54%

16.25%

18.06%

23.75%

25.8%

25.54%

23.92%

23.19%

23.23%

23.3%

Net Income

16.89M▲ 0%

26.92M▲ 59.4%

31.4M▲ 16.7%

27.19M▼ 13.4%

45.69M▲ 68.0%

53.39M▲ 16.9%

39.96M▼ 25.2%

32.83M▼ 17.9%

46.09M▲ 40.4%

53.86M▲ 0%

Net Margin %

24.52%

30.67%

29.18%

22.54%

34.05%

31.53%

17.61%

13.05%

15.8%

17.74%

Net Income Growth %

27.8%

59.39%

16.65%

-13.4%

68%

16.86%

-25.16%

-17.86%

40.41%

55.55%

Net Income (Continuing)

16.89M

26.92M

31.4M

27.19M

45.69M

53.39M

39.96M

32.83M

46.09M

53.86M

EPS (Diluted)

0.58▲ 0%

0.91▲ 56.9%

1.05▲ 15.4%

0.93▼ 11.4%

1.54▲ 65.6%

1.72▲ 11.7%

1.27▼ 26.2%

1.03▼ 18.9%

1.50▲ 45.6%

1.89▲ 0%

EPS Growth %

31.82%

56.9%

15.38%

-11.43%

65.59%

11.69%

-26.16%

-18.9%

45.63%

60.91%

EPS (Basic)

0.58

0.93

1.07

0.95

1.59

1.78

1.29

1.05

1.53

Diluted Shares Outstanding

29.05M

29.44M

30M

29.17M

28.97M

28.67M

28.32M

27.94M

28.65M

28.49M

Metric

Dec'17

Dec'18

Dec'19

Dec'20

Dec'21

Dec'22

Dec'23

Dec'24

Dec'25

TTM

Cash & Short Term Investments

256.29M

285.13M

324.47M

554.16M

584.71M

636.84M

732.67M

619.83M

449.71M

2.1B

Cash & Due from Banks

26.8M

31.75M

34.59M

163.53M

145.35M

88.22M

128.56M

234.14M

123.51M

222.15M

Short Term Investments

229.49M

253.38M

289.88M

390.63M

439.36M

548.61M

604.1M

385.69M

326.2M

310.11M

Total Investments

1.56B

1.89B

2.17B

2.67B

3.21B

4.06B

4.27B

4.53B

4.98B

4.83B

Investments Growth %

29.43%

21.71%

14.79%

22.96%

20.06%

26.53%

5.18%

6.14%

9.79%

37.92%

Long-Term Investments

1.33B

1.64B

1.88B

2.28B

2.77B

3.51B

3.67B

4.15B

4.65B

18.12B

Accounts Receivables

5.34M

6.59M

6.78M

9.17M

9.19M

13.48M

16.7M

17.71M

18.93M

15.84M

Goodwill & Intangibles

3.87M

3.68M

3.49M

3.3M

3.1M

2.91M

2.81M

19.83M

18.91M

18.68M

Goodwill

2.63M

11.98M

Intangible Assets

1.24M

1.05M

861K

670K

479K

288K

188K

7.85M

6.93M

6.7M

PP&E (Net)

10.12M

13.07M

27.63M

50.99M

49.4M

48.45M

48.89M

49.53M

51.58M

52.78M

Other Assets

14.49M

24.89M

22.47M

27.29M

61.34M

131.83M

143.71M

167.35M

216.93M

199.03M

Total Current Assets

261.63M

291.72M

331.24M

563.34M

593.9M

650.32M

749.36M

681.83M

468.64M

548.11M

Total Non-Current Assets

1.35B

1.68B

1.94B

2.36B

2.88B

3.7B

3.86B

4.38B

4.94B

4.79B

Total Assets

1.62B▲ 0%

1.97B▲ 22.1%

2.27B▲ 15.0%

2.93B▲ 29.0%

3.48B▲ 18.8%

4.35B▲ 25.0%

4.61B▲ 6.1%

5.07B▲ 9.8%

5.41B▲ 6.7%

5.34B▲ 0%

Asset Growth %

28.26%

22.09%

14.95%

29.02%

18.8%

24.96%

6.13%

9.85%

6.73%

37.85%

Return on Assets (ROA)

1.17%

1.5%

1.48%

1.05%

1.43%

1.36%

0.89%

0.68%

0.88%

1.01%

Accounts Payable

1.41M

1.81M

1.98M

1.61M

1.41M

2.83M

5.28M

4.01M

3.23M

4.25M

Total Debt

132.53M

181.63M

174.23M

142.24M

134.74M

476.65M

412.54M

452.92M

508.18M

444.78M

Net Debt

105.73M

149.88M

139.64M

-21.3M

-10.61M

388.43M

283.98M

218.78M

384.67M

222.63M

Long-Term Debt

109.53M

163.63M

174.23M

142.24M

134.74M

189.66M

412.54M

452.92M

508.18M

444.78M

Short-Term Debt

23M

18M

287M

Other Liabilities

6.17M

8.37M

24.51M

16.45M

16M

55.57M

58.71M

64.61M

58.13M

52.42M

Total Current Liabilities

1.36B

1.58B

1.83B

2.5B

2.95B

3.71B

3.72B

4.09B

4.32B

4.31B

Total Non-Current Liabilities

115.69M

172M

198.74M

158.69M

150.74M

245.22M

471.25M

517.53M

566.31M

497.21M

Total Liabilities

1.48B

1.75B

2.02B

2.66B

3.1B

3.95B

4.19B

4.61B

4.89B

4.81B

Total Equity

137.16M▲ 0%

221M▲ 61.1%

244.79M▲ 10.8%

265.4M▲ 8.4%

379.27M▲ 42.9%

394.06M▲ 3.9%

425.51M▲ 8.0%

457.94M▲ 7.6%

517.1M▲ 12.9%

528.42M▲ 0%

Equity Growth %

18.89%

61.12%

10.77%

8.42%

42.9%

3.9%

7.98%

7.62%

12.92%

44.04%

Equity / Assets (Capital Ratio)

8.48%

11.2%

10.79%

9.07%

10.91%

9.07%

9.23%

9.04%

9.56%

9.9%

Return on Equity (ROE)

13.38%

15.03%

13.48%

10.66%

14.17%

13.81%

9.75%

7.43%

9.45%

10.67%

Book Value per Share

4.72

7.51

8.16

9.10

13.09

13.75

15.03

16.39

18.05

18.55

Tangible BV per Share

4.59

7.38

8.04

8.99

12.99

13.64

14.93

15.68

17.39

17.89

Common Stock

246K

301K

290K

281K

282K

278K

277K

276K

278K

Additional Paid-in Capital

66.32M

126.03M

112.09M

103.71M

104.12M

96.53M

96.32M

95.09M

98.29M

99.56M

Retained Earnings

69.51M

96.23M

127.64M

154.83M

199.35M

248.69M

280.65M

309.42M

351.45M

367.85M

Accumulated OCI

1.08M

-1.57M

4.77M

6.58M

9.01M

-17.94M

-18.25M

-13.36M

561K

-5.78M

Treasury Stock

Preferred Stock

66.51M

Metric

Dec'17

Dec'18

Dec'19

Dec'20

Dec'21

Dec'22

Dec'23

Dec'24

Dec'25

TTM

Cash from Operations

24.9M

29.41M

39.53M

23.02M

54.24M

85M

30.02M

46.38M

27.81M

36.34M

Operating CF Growth %

66.78%

18.09%

34.41%

-41.76%

135.61%

56.72%

-64.69%

54.51%

-40.03%

228.81%

Net Income

16.89M

26.92M

31.4M

27.19M

45.69M

53.39M

39.96M

32.83M

46.09M

53.86M

Depreciation & Amortization

885K

952K

1.2M

1.4M

2.56M

3.25M

3.14M

3.95M

3.51M

Deferred Taxes

-2.06M

-1.3M

-747K

-2.59M

-4.52M

-1.4M

676K

24K

-2M

-1.81M

Other Non-Cash Items

6.89M

7.06M

4.75M

14.16M

8.2M

9.16M

-721K

776K

-1.18M

-9.07M

Working Capital Changes

1.93M

-5.02M

2.17M

-18.81M

-118K

17.26M

-17M

5.84M

-23.24M

-14.62M

Cash from Investing

-350.18M

-354.24M

-276.21M

-530.33M

-571.42M

-938.24M

-209.18M

-95.24M

-417.47M

-120.33M

Purchase of Investments

-68.45M

-78.37M

-98.82M

-170.49M

-109.9M

-268.26M

-113.65M

-245.18M

-206.1M

-224.06M

Sale/Maturity of Investments

59.62M

47.65M

83.98M

73.44M

56.11M

102.67M

61.5M

167.21M

235.39M

455.7M

Net Investment Activity

-8.83M

-30.72M

-14.84M

-97.05M

-53.79M

-165.59M

-52.15M

-77.96M

29.29M

231.63M

Acquisitions

17.28M

Other Investing

-340.11M

-319.8M

-245.8M

-408.6M

-516.86M

-771.02M

-154.07M

-30.48M

-436.28M

-344.83M

Cash from Financing

332.51M

329.55M

240.18M

636.05M

499.99M

796.81M

220.69M

150.06M

283.4M

139.94M

Dividends Paid

-1.17M

-4.05M

Share Repurchases

-14.96M

-10.37M

-2.74M

-11.51M

-5.13M

-5.9M

-2.19M

-2.51M

Stock Issued

180K

58.86M

1.94M

1.02M

Net Stock Activity

180K

58.86M

-14.96M

-10.37M

-2.74M

-11.51M

-5.13M

-5.9M

-252K

-1.49M

Debt Issuance (Net)

1000K

-1000K

1000K

-2M

Other Financing

295.02M

216.69M

244.63M

678.64M

445.32M

757.88M

7.37M

120.01M

232.86M

144.12M

Net Change in Cash

7.23M▲ 0%

4.72M▼ 34.7%

3.49M▼ 26.0%

128.74M▲ 3587.8%

-17.2M▼ 113.4%

-56.43M▼ 228.0%

41.52M▲ 173.6%

101.2M▲ 143.7%

-106.25M▼ 205.0%

55.95M▲ 0%

Exchange Rate Effect

Cash at Beginning

16.5M

23.73M

28.44M

31.93M

160.68M

143.47M

87.04M

128.56M

229.76M

123.51M

Cash at End

23.73M

28.44M

31.93M

160.68M

143.47M

87.04M

128.56M

229.76M

123.51M

222.15M

Interest Paid

11.33M

19.99M

29.37M

27M

19.14M

32.16M

114.35M

144.6M

149.79M

225.28M

Income Taxes Paid

12.11M

7.87M

7.63M

10.72M

19.38M

20.57M

10.39M

5.75M

14.28M

Free Cash Flow

23.67M▲ 0%

25.69M▲ 8.5%

23.95M▼ 6.7%

-1.67M▼ 107.0%

53.46M▲ 3303.1%

83.37M▲ 55.9%

27.05M▼ 67.6%

42.3M▲ 56.4%

21.96M▼ 48.1%

29.2M▲ 0%

FCF Growth %

85.77%

8.54%

-6.75%

-106.97%

3303.06%

55.94%

-67.56%

56.39%

-48.07%

-30.54%

Metric

2017

2018

2019

2020

2021

2022

2023

2024

2025

TTM

Return on Equity (ROE)

13.38%

15.03%

13.48%

10.66%

14.17%

13.81%

9.75%

7.43%

9.45%

10.67%

Return on Assets (ROA)

1.17%

1.5%

1.48%

1.05%

1.43%

1.36%

0.89%

0.68%

0.88%

1.01%

Net Interest Margin

3.35%

3.28%

3.27%

3.15%

2.98%

2.28%

2.02%

2.45%

2.6%

Efficiency Ratio

37.01%

35.96%

34.32%

37.61%

35.84%

33.03%

25.3%

24.45%

26.11%

26.5%

Equity / Assets

8.48%

11.2%

10.79%

9.07%

10.91%

9.07%

9.23%

9.04%

9.56%

9.9%

Book Value / Share

4.72

7.51

8.16

9.1

13.09

13.75

15.03

16.39

18.05

18.55

NII Growth

28.62%

19.5%

14.51%

18.66%

24.49%

18.44%

-18.91%

-2.83%

29.6%

28.86%

Dividend Payout

Bridgewater Bancshares, Inc.(BWB)Earnings, Financials & Key Ratios

BWB Key Insights

✓Strengths

✗Weaknesses

BWB Price & Volume

BWB Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

BWB Recent Earnings

BWB Peer Comparison

Compare BWB vs Peers

vs TCBK

vs ICE

Compare Top 5

BWB Income Statement

BWB Balance Sheet

BWB Cash Flow Statement

BWB Banking Ratios

BWB SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

BWB Frequently Asked Questions

Bridgewater Bancshares, Inc.(BWB)Earnings, Financials & Key Ratios

BWB Key Insights

✓Strengths

✗Weaknesses

BWB Price & Volume

BWB Growth Metrics

Revenue CAGR

Profit CAGR

EPS CAGR

Return on Capital

BWB Recent Earnings

BWB Peer Comparison

Compare BWB vs Peers

vs TCBK

vs ICE

Compare Top 5

BWB Income Statement

BWB Balance Sheet

BWB Cash Flow Statement

BWB Banking Ratios

BWB SEC Filings & Documents

8-K Announcements

10-K Annual Reports

10-Q Quarterly Reports

BWB Frequently Asked Questions