The bank maintains a stable equity-to-assets ratio between 0.09 and 0.10, while total assets have expanded to $5.3 billion, largely supported by a $4.8 billion investment securities portfolio.
| Cash & Short Term Investments | 2.1B | 449.71M | 619.83M | 732.67M | 636.84M | 584.71M | 554.16M | 324.47M | 285.13M | 256.29M | 238.28M |
| Cash & Due from Banks | 222.15M | 123.51M | 234.14M | 128.56M | 88.22M | 145.35M | 163.53M | 34.59M | 31.75M | 26.8M | 21.2M |
| Short Term Investments | 310.11M | 326.2M | 385.69M | 604.1M | 548.61M | 439.36M | 390.63M | 289.88M | 253.38M | 229.49M | 217.08M |
| Total Investments | 4.83B | 4.98B | 4.53B | 4.27B | 4.06B | 3.21B | 2.67B | 2.17B | 1.89B | 1.56B | 1.2B |
| Investments Growth % | 37.92% | 9.79% | 6.14% | 5.18% | 26.53% | 20.06% | 22.96% | 14.79% | 21.71% | 29.43% | - |
| Long-Term Investments | 18.12B | 4.65B | 4.15B | 3.67B | 3.51B | 2.77B | 2.28B | 1.88B | 1.64B | 1.33B | 985.14M |
| Accounts Receivables | 15.84M | 18.93M | 17.71M | 16.7M | 13.48M | 9.19M | 9.17M | 6.78M | 6.59M | 5.34M | 3.95M |
| Goodwill & Intangibles | 18.68M | 18.91M | 19.83M | 2.81M | 2.91M | 3.1M | 3.3M | 3.49M | 3.68M | 3.87M | 4.06M |
| Goodwill | 11.98M | 11.98M | 11.98M | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M | 2.63M |
| Intangible Assets | 6.7M | 6.93M | 7.85M | 188K | 288K | 479K | 670K | 861K | 1.05M | 1.24M | 1.43M |
| PP&E (Net) | 52.78M | 51.58M | 49.53M | 48.89M | 48.45M | 49.4M | 50.99M | 27.63M | 13.07M | 10.12M | 9.57M |
| Other Assets | 199.03M | 216.93M | 167.35M | 143.71M | 131.83M | 61.34M | 27.29M | 22.47M | 24.89M | 14.49M | 19.39M |
| Total Current Assets | 548.11M | 468.64M | 681.83M | 749.36M | 650.32M | 593.9M | 563.34M | 331.24M | 291.72M | 261.63M | 242.23M |
| Total Non-Current Assets | 4.79B | 4.94B | 4.38B | 3.86B | 3.7B | 2.88B | 2.36B | 1.94B | 1.68B | 1.35B | 1.02B |
| Total Assets | 5.34B | 5.41B | 5.07B | 4.61B | 4.35B | 3.48B | 2.93B | 2.27B | 1.97B | 1.62B | 1.26B |
| Asset Growth % | 37.85% | 6.73% | 9.85% | 6.13% | 24.96% | 18.8% | 29.02% | 14.95% | 22.09% | 28.26% | - |
| Return on Assets (ROA) | 1.01% | 0.88% | 0.68% | 0.89% | 1.36% | 1.43% | 1.05% | 1.48% | 1.5% | 1.17% | 1.05% |
| Accounts Payable | 4.25M | 3.23M | 4.01M | 5.28M | 2.83M | 1.41M | 1.61M | 1.98M | 1.81M | 1.41M | 612K |
| Total Debt | 444.78M | 508.18M | 452.92M | 412.54M | 476.65M | 134.74M | 142.24M | 174.23M | 181.63M | 132.53M | 116M |
| Net Debt | 222.63M | 384.67M | 218.78M | 283.98M | 388.43M | -10.61M | -21.3M | 139.64M | 149.88M | 105.73M | 94.8M |
| Long-Term Debt | 444.78M | 508.18M | 452.92M | 412.54M | 189.66M | 134.74M | 142.24M | 174.23M | 163.63M | 109.53M | 72M |
| Short-Term Debt | 0 | 0 | 0 | 0 | 287M | 0 | 0 | 0 | 18M | 23M | 44M |
| Other Liabilities | 52.42M | 58.13M | 64.61M | 58.71M | 55.57M | 16M | 16.45M | 24.51M | 8.37M | 6.17M | 4.91M |
| Total Current Liabilities | 4.31B | 4.32B | 4.09B | 3.72B | 3.71B | 2.95B | 2.5B | 1.83B | 1.58B | 1.36B | 1.07B |
| Total Non-Current Liabilities | 497.21M | 566.31M | 517.53M | 471.25M | 245.22M | 150.74M | 158.69M | 198.74M | 172M | 115.69M | 76.91M |
| Total Liabilities | 4.81B | 4.89B | 4.61B | 4.19B | 3.95B | 3.1B | 2.66B | 2.02B | 1.75B | 1.48B | 1.15B |
| Total Equity | 528.42M | 517.1M | 457.94M | 425.51M | 394.06M | 379.27M | 265.4M | 244.79M | 221M | 137.16M | 115.37M |
| Equity Growth % | 44.04% | 12.92% | 7.62% | 7.98% | 3.9% | 42.9% | 8.42% | 10.77% | 61.12% | 18.89% | - |
| Equity / Assets (Capital Ratio) | 9.9% | 9.56% | 9.04% | 9.23% | 9.07% | 10.91% | 9.07% | 10.79% | 11.2% | 8.48% | 9.15% |
| Return on Equity (ROE) | 10.67% | 9.45% | 7.43% | 9.75% | 13.81% | 14.17% | 10.66% | 13.48% | 15.03% | 13.38% | 11.45% |
| Book Value per Share | 18.55 | 18.05 | 16.39 | 15.03 | 13.75 | 13.09 | 9.10 | 8.16 | 7.51 | 4.72 | 3.84 |
| Tangible BV per Share | 17.89 | 17.39 | 15.68 | 14.93 | 13.64 | 12.99 | 8.99 | 8.04 | 7.38 | 4.59 | 3.70 |
| Common Stock | 278K | 278K | 276K | 277K | 278K | 282K | 281K | 290K | 301K | 246K | 245K |
| Additional Paid-in Capital | 99.56M | 98.29M | 95.09M | 96.32M | 96.53M | 104.12M | 103.71M | 112.09M | 126.03M | 66.32M | 65.78M |
| Retained Earnings | 367.85M | 351.45M | 309.42M | 280.65M | 248.69M | 199.35M | 154.83M | 127.64M | 96.23M | 69.51M | 52.62M |
| Accumulated OCI | -5.78M | 561K | -13.36M | -18.25M | -17.94M | 9.01M | 6.58M | 4.77M | -1.57M | 1.08M | -3.27M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 66.51M | 66.51M | 66.51M | 66.51M | 66.51M | 66.51M | 0 | 0 | 0 | 0 | 0 |
CRE concentration and liquidity
According to the quarterly balance sheet data, Bridgewater Bancshares has grown total assets from $4.6 billion in 2023Q4 to $5.3 billion by 2026Q1, a trend that appears driven by a significant expansion of the investment securities portfolio rather than purely organic loan growth.
The bank's asset trajectory suggests a strategic pivot toward maintaining liquidity through securities, which may serve as a buffer against regional economic volatility. Investors should monitor whether this reliance on securities yields sufficient returns to offset the potential opportunity cost of slower loan book expansion.
As reported in the financial statements, the equity-to-assets ratio has remained remarkably consistent, hovering between 0.09 and 0.10 over the last ten quarters, indicating that management is successfully scaling capital in lockstep with the bank's overall asset growth.
This stability suggests a disciplined approach to capital management, ensuring that the bank maintains a consistent regulatory cushion despite its aggressive growth profile. However, the relatively thin equity base warrants further investigation into how the bank would absorb potential credit shocks within its concentrated commercial real estate portfolio.
Based on the reported figures, the bank's cash and cash equivalents fluctuated between $123.5 million and $234.1 million, while the investment securities portfolio grew to $4.8 billion, suggesting a heavy reliance on liquid assets to manage potential funding outflows.
The significant size of the securities portfolio relative to total assets implies that the bank is prioritizing liquidity to mitigate the risks inherent in its specialized commercial lending model. This strategy appears to provide a necessary safety net, though it may also indicate a cautious outlook on the immediate demand for new commercial credit.
Data from the balance sheet indicates that the vast majority of the bank's $5.3 billion in assets is tied to investment securities, which may mask underlying duration mismatches or unrealized losses that could impact the bank's capital position if interest rates remain elevated.
While the bank's reported equity-to-assets ratio appears stable, the heavy concentration in securities and CRE-linked assets suggests that the balance sheet may be more sensitive to market-wide valuation resets than the headline figures imply. Investors should monitor the duration of the securities portfolio as a potential source of hidden volatility.
Quick answers to the most common questions about buying BWB stock.
As of 2025, Bridgewater Bancshares, Inc. (BWB) had total assets of $5.41B including $468.6M in current assets.
Bridgewater Bancshares, Inc. (BWB) carries total debt of $508.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Bridgewater Bancshares, Inc. (BWB) has total shareholders' equity (book value) of $517.1M ($18.05 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Bridgewater Bancshares, Inc. (BWB) reported a current ratio of 0.11x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.