8-K Announcements
6Apr 21, 2026·SEC
Feb 27, 2026·SEC
Feb 9, 2026·SEC
Bridgewater Bancshares, Inc. (BWB) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Bridgewater Bancshares, Inc. (BWB) stock price & volume — 10-year historical chart
Bridgewater Bancshares, Inc. (BWB) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Bridgewater Bancshares, Inc. (BWB) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
Bridgewater Bancshares, Inc. (BWB) competitors in Commercial real estate and multifamily lenders — business model, growth, and fundamentals comparison
Bridgewater Bancshares, Inc. (BWB) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Bridgewater Bancshares, Inc. (BWB) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 54.17M | 64.74M | 74.13M | 87.96M | 109.51M | 129.7M | 105.17M | 102.19M | 132.44M |
| NII Growth % | 28.62% | 19.5% | 14.51% | 18.66% | 24.49% | 18.44% | -18.91% | -2.83% | 29.6% |
| Net Interest Margin % | 3.35% | 3.28% | 3.27% | 3% | 3.15% | 2.98% | 2.28% | 2.02% | 2.45% |
| Interest Income | 66.35M | 85.23M | 103.78M | 114.83M | 128.88M | 163.69M | 222.35M | 245.9M | 281.85M |
| Interest Expense | 12.17M | 20.49M | 29.65M | 26.86M | 19.37M | 34M | 117.18M | 143.71M | 149.41M |
| Loan Loss Provision | 4.17M | 3.58M | 2.7M | 12.75M | 5.15M | 7.7M | -175K | 3.52M | 4.6M |
| Non-Interest Income | 2.54M | 2.54M | 3.83M | 5.84M | 5.31M | 5.64M | 4.59M | 5.55M | 9.78M |
| Non-Interest Income % | 3.68% | 2.9% | 3.56% | 4.84% | 3.95% | 3.33% | 2.02% | 2.21% | 3.35% |
| 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% |
| Revenue Growth % | 29.48% | 27.42% | 22.6% | 12.14% | 11.2% | 26.2% | 34.02% | 10.79% | 15.98% |
| Non-Interest Expense | 25.5M | 31.56M | 36.93M | 45.39M | 48.09M | 55.93M | 57.42M | 61.48M | 76.14M |
| Efficiency Ratio | 37.01% | 35.96% | 34.32% | 37.61% | 35.84% | 33.03% | 25.3% | 24.45% | 26.11% |
| 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% |
| Operating Margin % | 39.25% | 36.62% | 35.62% | 29.56% | 45.89% | 42.35% | 23.14% | 17% | 21.08% |
| 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% |
| Pretax Margin % | 39.25% | 36.62% | 35.62% | 29.56% | 45.89% | 42.35% | 23.14% | 17% | 20.58% |
| Income Tax | 10.15M | 5.22M | 6.92M | 8.47M | 15.89M | 18.32M | 12.56M | 9.91M | 13.94M |
| Effective Tax Rate % | 37.54% | 16.25% | 18.06% | 23.75% | 25.8% | 25.54% | 23.92% | 23.19% | 23.23% |
| 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% |
| Net Margin % | 24.52% | 30.67% | 29.18% | 22.54% | 34.05% | 31.53% | 17.61% | 13.05% | 15.8% |
| Net Income Growth % | 27.8% | 59.39% | 16.65% | -13.4% | 68% | 16.86% | -25.16% | -17.86% | 40.41% |
| Net Income (Continuing) | 16.89M | 26.92M | 31.4M | 27.19M | 45.69M | 53.39M | 39.96M | 32.83M | 46.09M |
| 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% |
| EPS Growth % | 31.82% | 56.9% | 15.38% | -11.43% | 65.59% | 11.69% | -26.16% | -18.9% | 45.63% |
| 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 |
Bridgewater Bancshares, Inc. (BWB) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 256.29M | 285.13M | 324.47M | 554.16M | 584.71M | 636.84M | 732.67M | 619.83M | 899.95M |
| Cash & Due from Banks | 26.8M | 31.75M | 34.59M | 163.53M | 145.35M | 88.22M | 128.56M | 234.14M | 123.51M |
| Short Term Investments | 229.49M | 253.38M | 289.88M | 390.63M | 439.36M | 548.61M | 604.1M | 385.69M | 776.44M |
| Total Investments | 1.56B | 1.89B | 2.17B | 2.67B | 3.21B | 4.06B | 4.27B | 4.53B | 4.98B |
| Investments Growth % | 29.43% | 21.71% | 14.79% | 22.96% | 20.06% | 26.53% | 5.18% | 6.14% | 9.79% |
| Long-Term Investments | 1.33B | 1.64B | 1.88B | 2.28B | 2.77B | 3.51B | 3.67B | 4.15B | 4.65B |
| Accounts Receivables | 5.34M | 6.59M | 6.78M | 9.17M | 9.19M | 13.48M | 16.7M | 17.71M | 18.93M |
| Goodwill & Intangibles | 3.87M | 3.68M | 3.49M | 3.3M | 3.1M | 2.91M | 2.81M | 19.83M | 18.91M |
| Goodwill | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M | 11.98M | 11.98M |
| Intangible Assets | 1.24M | 1.05M | 861K | 670K | 479K | 288K | 188K | 7.85M | 6.93M |
| PP&E (Net) | 10.12M | 13.07M | 27.63M | 50.99M | 49.4M | 48.45M | 48.89M | 49.53M | 51.58M |
| Other Assets | 14.49M | 24.89M | 22.47M | 27.29M | 61.34M | 131.83M | 143.71M | 167.35M | -4.65B |
| Total Current Assets | 261.63M | 291.72M | 331.24M | 563.34M | 593.9M | 650.32M | 749.36M | 681.83M | 899.95M |
| Total Non-Current Assets | 1.35B | 1.68B | 1.94B | 2.36B | 2.88B | 3.7B | 3.86B | 4.38B | 70.49M |
| 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% |
| Asset Growth % | 28.26% | 22.09% | 14.95% | 29.02% | 18.8% | 24.96% | 6.13% | 9.85% | 6.73% |
| Return on Assets (ROA) | 1.17% | 1.5% | 1.48% | 1.05% | 1.43% | 1.36% | 0.89% | 0.68% | 0.88% |
| Accounts Payable | 1.41M | 1.81M | 1.98M | 1.61M | 1.41M | 2.83M | 5.28M | 4.01M | 3.23M |
| Total Debt | 132.53M | 181.63M | 174.23M | 142.24M | 134.74M | 476.65M | 412.54M | 452.92M | 508.18M |
| Net Debt | 105.73M | 149.88M | 139.64M | -21.3M | -10.61M | 388.43M | 283.98M | 218.78M | 384.67M |
| Long-Term Debt | 109.53M | 163.63M | 174.23M | 142.24M | 134.74M | 189.66M | 412.54M | 452.92M | 508.18M |
| Short-Term Debt | 23M | 18M | 0 | 0 | 0 | 287M | 0 | 0 | 0 |
| Other Liabilities | 6.17M | 8.37M | 24.51M | 16.45M | 16M | 55.57M | 58.71M | 64.61M | 2.56B |
| Total Current Liabilities | 1.36B | 1.58B | 1.83B | 2.5B | 2.95B | 3.71B | 3.72B | 4.09B | 1.82B |
| Total Non-Current Liabilities | 115.69M | 172M | 198.74M | 158.69M | 150.74M | 245.22M | 471.25M | 517.53M | 3.07B |
| Total Liabilities | 1.48B | 1.75B | 2.02B | 2.66B | 3.1B | 3.95B | 4.19B | 4.61B | 4.89B |
| 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% |
| Equity Growth % | 18.89% | 61.12% | 10.77% | 8.42% | 42.9% | 3.9% | 7.98% | 7.62% | 12.92% |
| Equity / Assets (Capital Ratio) | 8.48% | 11.2% | 10.79% | 9.07% | 10.91% | 9.07% | 9.23% | 9.04% | 9.56% |
| Return on Equity (ROE) | 13.38% | 15.03% | 13.48% | 10.66% | 14.17% | 13.81% | 9.75% | 7.43% | 9.45% |
| Book Value per Share | 4.72 | 7.51 | 8.16 | 9.10 | 13.09 | 13.75 | 15.03 | 16.39 | 18.05 |
| Tangible BV per Share | 4.59 | 7.38 | 8.04 | 8.99 | 12.99 | 13.64 | 14.93 | 15.68 | 17.39 |
| 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 |
| Retained Earnings | 69.51M | 96.23M | 127.64M | 154.83M | 199.35M | 248.69M | 280.65M | 309.42M | 351.45M |
| Accumulated OCI | 1.08M | -1.57M | 4.77M | 6.58M | 9.01M | -17.94M | -18.25M | -13.36M | 561K |
| Treasury Stock | 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 |
Bridgewater Bancshares, Inc. (BWB) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 24.9M | 29.41M | 39.53M | 23.02M | 54.24M | 85M | 30.02M | 46.38M | 27.81M |
| Operating CF Growth % | 66.78% | 18.09% | 34.41% | -41.76% | 135.61% | 56.72% | -64.69% | 54.51% | -40.03% |
| Net Income | 16.89M | 26.92M | 31.4M | 27.19M | 45.69M | 53.39M | 39.96M | 32.83M | 46.09M |
| Depreciation & Amortization | 885K | 952K | 1.2M | 1.4M | 2.56M | 3.25M | 3.14M | 3M | 3.95M |
| Deferred Taxes | -2.06M | -1.3M | -747K | -2.59M | -4.52M | -1.4M | 676K | 24K | -2M |
| Other Non-Cash Items | 6.89M | 7.06M | 4.75M | 14.16M | 8.2M | 9.16M | -721K | 776K | -1.18M |
| Working Capital Changes | 1.93M | -5.02M | 2.17M | -18.81M | -118K | 17.26M | -17M | 5.84M | -23.24M |
| Cash from Investing | -350.18M | -354.24M | -276.21M | -530.33M | -571.42M | -938.24M | -209.18M | -95.24M | -417.47M |
| Purchase of Investments | -68.45M | -78.37M | -98.82M | -170.49M | -109.9M | -268.26M | -113.65M | -245.18M | -206.1M |
| Sale/Maturity of Investments | 59.62M | 47.65M | 83.98M | 73.44M | 56.11M | 102.67M | 61.5M | 167.21M | 235.39M |
| Net Investment Activity | -8.83M | -30.72M | -14.84M | -97.05M | -53.79M | -165.59M | -52.15M | -77.96M | 29.29M |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17.28M | 0 |
| Other Investing | -340.11M | -319.8M | -245.8M | -408.6M | -516.86M | -771.02M | -154.07M | -30.48M | -436.28M |
| Cash from Financing | 332.51M | 329.55M | 240.18M | 636.05M | 499.99M | 796.81M | 220.69M | 150.06M | 283.4M |
| Dividends Paid | 0 | 0 | 0 | 0 | -1.17M | -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 |
| Stock Issued | 180K | 58.86M | 0 | 0 | 0 | 0 | 0 | 0 | 1.94M |
| Net Stock Activity | 180K | 58.86M | -14.96M | -10.37M | -2.74M | -11.51M | -5.13M | -5.9M | -252K |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | 1000K | 1000K |
| Other Financing | 295.02M | 216.69M | 244.63M | 678.64M | 445.32M | 757.88M | 7.37M | 120.01M | 232.86M |
| 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% |
| Exchange Rate Effect | 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 |
| Cash at End | 23.73M | 28.44M | 31.93M | 160.68M | 143.47M | 87.04M | 128.56M | 229.76M | 123.51M |
| Interest Paid | 11.33M | 19.99M | 29.37M | 27M | 19.14M | 32.16M | 114.35M | 144.6M | 149.79M |
| 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% |
| FCF Growth % | 85.77% | 8.54% | -6.75% | -106.97% | 3303.06% | 55.94% | -67.56% | 56.39% | -48.07% |
Bridgewater Bancshares, Inc. (BWB) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 11.45% | 13.38% | 15.03% | 13.48% | 10.66% | 14.17% | 13.81% | 9.75% | 7.43% | 9.45% |
| Return on Assets (ROA) | 1.05% | 1.17% | 1.5% | 1.48% | 1.05% | 1.43% | 1.36% | 0.89% | 0.68% | 0.88% |
| Net Interest Margin | 3.34% | 3.35% | 3.28% | 3.27% | 3% | 3.15% | 2.98% | 2.28% | 2.02% | 2.45% |
| Efficiency Ratio | 37.91% | 37.01% | 35.96% | 34.32% | 37.61% | 35.84% | 33.03% | 25.3% | 24.45% | 26.11% |
| Equity / Assets | 9.15% | 8.48% | 11.2% | 10.79% | 9.07% | 10.91% | 9.07% | 9.23% | 9.04% | 9.56% |
| Book Value / Share | 3.84 | 4.72 | 7.51 | 8.16 | 9.1 | 13.09 | 13.75 | 15.03 | 16.39 | 18.05 |
| NII Growth | - | 28.62% | 19.5% | 14.51% | 18.66% | 24.49% | 18.44% | -18.91% | -2.83% | 29.6% |
Bridgewater Bancshares, Inc. (BWB) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 21, 2026·SEC
Feb 27, 2026·SEC
Feb 9, 2026·SEC
Bridgewater Bancshares, Inc. (BWB) stock FAQ — growth, dividends, profitability & financials explained
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 $46.1M in net income for fiscal year 2025 (15.8% net margin).
Yes, Bridgewater Bancshares, Inc. (BWB) pays a dividend with a yield of 0.77%. 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.
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.
Bridgewater Bancshares, Inc. (BWB) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates