Bridgewater Bancshares (BWB) Company Report

Bridgewater Bancshares reported $5.4 billion in assets, $4.2 billion in loans, and $4.3 billion in deposits as of September 30, 2025. For Q3 2025, total revenue was $36,152 thousand with a Net Interest Margin (NIM) of 2.63%. The company achieved 12.0% annualized loan growth and 7.4% annualized core deposit growth year-to-date 3Q25.
BWB maintains a highly efficient business model with an efficiency ratio of 54.7% in 3Q25, consistently outperforming peers. Asset quality remains strong, with Nonperforming Assets (NPAs) as a percentage of assets at 0.01% and Net Charge-Offs as a percentage of average loans at 0.01% for 3Q25 YTD.
The company completed the acquisition of First Minnetonka City Bank in December 2024 and successfully integrated its systems in 3Q25. BWB is positioned as the second largest locally-led bank in the Twin Cities, increasing its deposit market share from 1.54% in 2024 to 1.84% in 2025.
As of September 30, 2025, BWB reported a Common Equity Tier 1 Capital Ratio of 9.08% and total available liquidity of $2,393 million. The company also has $13.1 million remaining under its current share repurchase authorization.

Nov 3, 2025, 9:16 PM

8-K

Bridgewater Bancshares Reports Strong Q3 2025 Growth and Positive Outlook

BWB

Earnings

Guidance Update

Management Change

Bridgewater Bancshares (BWB) reported strong Q3 2025 financial results, with 11.5% annualized core deposit growth and 6.6% annualized loan growth, contributing to a $1.6 million increase in net interest income and a one basis point expansion in net interest margin to 2.63%.
The company successfully launched a new online banking platform and completed the systems conversion for the First Minnetonka Citibank acquisition, with noninterest expenses expected to normalize post-conversion.
Management anticipates more meaningful net interest margin expansion in the coming quarters, targeting a 3% margin by early 2027, driven by repricing loan yields and declining deposit costs.
Asset quality remains strong, with nonperforming assets at 0.19% of total assets and net charge-offs at 0.03% of average loans.
Bridgewater aims to become a $10 billion bank by February 2030 and expects near-term loan growth to remain in the mid to high single-digit range.

Oct 22, 2025, 1:00 PM

Transcript

Bridgewater Bancorp Reports Strong Q3 2025 Results and Positive Outlook

BWB

Earnings

Guidance Update

Management Change

Bridgewater Bancorp (BWB) reported a $1.6 million increase in net interest income and one basis point net interest margin expansion to 2.63% in Q3 2025. The company achieved 11.5% annualized core deposit growth and 6.6% annualized loan growth, with tangible book value per share increasing 20% annualized.
Management anticipates more meaningful net interest margin expansion in the coming quarters, with a path to a 3% margin by early 2027, and expects near-term loan growth to be in the mid to high single-digit range.
BWB successfully launched a new online banking platform and completed the systems conversion for the First Minnetonka City Bank acquisition. The company also announced leadership transitions and plans to open a new de novo branch in early 2026. Asset quality remains strong, with non-performing assets at 0.19% of total assets and net charge-offs at 0.03% of loans.

Oct 22, 2025, 1:00 PM

Transcript

Bridgewater Bancshares, Inc. Announces Q3 2025 Earnings Highlights

BWB

Earnings

Guidance Update

M&A

Bridgewater Bancshares, Inc. reported Diluted EPS of $0.38 and Adjusted Diluted EPS of $0.39 for Q3 2025.
The company achieved a Net Interest Margin (NIM) of 2.63%, a 1 basis point increase from Q2 2025, contributing to a 5.1% increase in net interest income from the prior quarter.
Loan balances grew $69 million (6.6% annualized), and total deposit balances increased $56 million (5.2% annualized) from Q2 2025.
Asset quality remained strong with nonperforming assets to total assets at 0.10% and an annualized net charge-off rate of 0.03% for Q3 2025.
Tangible book value per share reached $14.93, marking a 20.0% annualized increase from Q2 2025.

Oct 22, 2025, 1:00 PM

Presentation

Bridgewater Bancshares, Inc. Announces Third Quarter 2025 Financial Results

BWB

Earnings

Share Buyback

M&A

Bridgewater Bancshares, Inc. reported net income of $11.6 million and diluted earnings per common share of $0.38 for the third quarter of 2025.
Net interest income increased $1.6 million, or 5.1%, from the second quarter of 2025, with a net interest margin of 2.63% for the third quarter of 2025.
Gross loans increased by $68.8 million, or 6.6% annualized, and total deposits increased by $56.0 million, or 5.2% annualized, from the second quarter of 2025.
Asset quality remained strong, with nonperforming assets to total assets at 0.19% at September 30, 2025, and annualized net loan charge-offs as a percentage of average loans at 0.03% for the third quarter of 2025.
Tangible book value per share was $14.93 at September 30, 2025, representing an increase of 20.0% annualized from the second quarter of 2025.

Oct 21, 2025, 8:22 PM

8-K

Bridgewater Bancshares, Inc. Announces Third Quarter 2025 Financial Results

BWB

Earnings

Revenue Acceleration/Inflection

Bridgewater Bancshares, Inc. reported net income of $11.6 million and diluted earnings per common share of $0.38 for the third quarter of 2025.
Net interest income increased by $1.6 million, or 5.1%, to $34.1 million in Q3 2025, with the net interest margin (on a fully tax-equivalent basis) rising to 2.63%.
Gross loans increased by $68.8 million, or 6.6% annualized, and total deposits grew by $56.0 million, or 5.2% annualized, from the second quarter of 2025.
The efficiency ratio was 54.7% for the third quarter of 2025, up from 52.6% in the prior quarter, while nonperforming assets to total assets remained stable at 0.19%.

Oct 21, 2025, 8:15 PM

Press Release

Bridgewater Bancshares Inc. Discusses Growth Strategy and Market Position

BWB

M&A

New Projects/Investments

Revenue Acceleration/Inflection

Bridgewater Bancshares Inc. (BWB) is the second largest locally led institution in the Twin Cities (behind US Bank) and has achieved 20% compounded asset growth over the last ten years, primarily organic.
The company has a strong focus on multifamily lending, with this portfolio growing from 21% in 2015 to nearly 40% today, and has demonstrated exceptional asset quality with only $62,000 of charge-offs in its twenty-year history.
BWB operates a highly efficient business model with only nine branches compared to peers' typical 40 branches, and anticipates net interest margin expansion and continued revenue growth due to loan repricing and expected Fed rate cuts.
The primary use of capital is organic growth, and the company does not currently pay a dividend, preferring to retain earnings to support growth.

Aug 27, 2025, 3:15 PM

Bridgewater Bancshares Reports Strong Q2 2025 Financials and Continues Strategic Initiatives

BWB

M&A

Share Buyback

Revenue Acceleration/Inflection

Bridgewater Bancshares, Inc. reported strong financial performance for Q2 2025, with net income of $11,520 thousand , a Net Interest Margin (NIM) of 2.62% , and an efficiency ratio of 52.6%. The company achieved 12.5% annualized loan growth in Q2 2025 and 23.2% year-over-year core deposit growth.
The company completed the acquisition of First Minnetonka City Bank in December 2024 , with system integration expected in Q3 2025. BWB also repurchased 122,704 shares for $1.6 million in Q2 2025 , with $13.1 million remaining under the authorization extended to August 26, 2026.
BWB maintains a focus on commercial real estate and multifamily lending, including an increased emphasis on affordable housing , and expects mid-to-high single digit loan growth in the second half of 2025.

Aug 21, 2025, 12:00 AM

8-K

Bridgewater Bancshares Reports Strong Q2 2025 Results and Provides Outlook

BWB

Earnings

Guidance Update

Share Buyback

Bridgewater Bancshares reported a strong second quarter of 2025, with net interest margin expanding by 11 basis points to 2.62% and net interest income growing by $2.2 million.
The company achieved robust loan growth at a 12.5% annualized rate and saw total deposits increase by $74 million or 7% annualized.
Bridgewater Bancshares opportunistically repurchased $1.6 million of common stock and extended its share repurchase authorization to August 26, 2026, with $13.1 million remaining.
Management expects only slight net interest margin expansion in Q3 2025 due to a 7 basis point net drag from subordinated debt issuance, with more expansion resuming in Q4.
Strategic initiatives include leveraging market disruption in the Twin Cities for growth and completing the systems conversion of the First Minnetonka Citibank acquisition in Q3.

Jul 25, 2025, 11:30 PM

Bridgewater Bancshares Completes Subordinated Notes Private Placement

BWB

Debt Issuance

Earnings

M&A

Bridgewater Bancshares, Inc. completed a private placement of $80.0 million of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 on June 24, 2025.
The net proceeds from the notes will be used to redeem $50.0 million of outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 and for general corporate purposes.
As of March 31, 2025, and for the quarter ended, Bridgewater Bancshares, Inc. reported the following financial highlights: | Metric | Q1 2025 | |---|---| | Total Assets ($ Billions) | $5.1 | | Total Loans ($ Billions) | $4.0 | | Total Deposits ($ Billions) | $4.2 | | Net Income ($ Millions) | $9.6 | | Net Interest Margin (FTE) (%) | 2.51% | | Common Equity Tier 1 Capital Ratio (%) | 9.03% | | Total Risk-Based Capital Ratio (%) | 13.62% | | NPAs / Assets (%) | 0.20% |
The company reported annualized loan growth of 15.9% and annualized core deposit growth of 8.3% for Q1 2025.
Bridgewater Bancshares, Inc. completed the acquisition of First Minnetonka City Bank in December 2024 and is focused on M&A integration and readiness initiatives.

Jun 24, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for Bridgewater Bancshares.

Ask Fintool AI Agent

Get instant answers from SEC filings, earnings calls & more

What did Jerry Baack say about margins?What are Bridgewater Bancshares's strategic priorities?How is Bridgewater Bancshares positioned vs competitors?How did Bridgewater Bancshares do last quarter?

Let Fintool AI Agent track Bridgewater Bancshares's earnings for you

Get instant analysis when filings drop