Earnings summaries and quarterly performance for Bridgewater Bancshares.
Executive leadership at Bridgewater Bancshares.
Jerry Baack
Detailed
Chief Executive Officer
CEO
JS
Jessica Stejskal
Detailed
Chief Experience Officer
JC
Joseph Chybowski
Detailed
President and Chief Financial Officer
KM
Katie Morrell
Detailed
Chief Credit Officer
LE
Laura Espeseth
Detailed
Chief Administrative Officer
LS
Lisa Salazar
Detailed
Chief Operating Officer
MJ
Mary Jayne Crocker
Detailed
Executive Vice President and Chief Strategy Officer
NP
Nick Place
Detailed
Chief Banking Officer
Board of directors at Bridgewater Bancshares.
Research analysts who have asked questions during Bridgewater Bancshares earnings calls.
Jeff Rulis
D.A. Davidson & Co.
6 questions for BWB
Also covers: ALRS, BANR, BMRC +17 more
Brendan Nosal
Hovde Group, LLC
5 questions for BWB
Also covers: ALRS, BY, CIVB +11 more
NR
Nathan Race
Piper Sandler & Co.
5 questions for BWB
Also covers: ALRS, BSVN, BY +18 more
Adam Kroll
Piper Sandler Companies
1 question for BWB
Also covers: BY, HAFC, HFWA +4 more
Brandon Rud
Stephens Inc.
1 question for BWB
Also covers: BY, MSBI, OSBC +2 more
BN
Brendan Nossel
Hovde Group
1 question for BWB
Recent press releases and 8-K filings for BWB.
Bridgewater Bancshares, Inc. Reports Q4 2025 Earnings
BWB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Bridgewater Bancshares, Inc. (BWB) reported Diluted EPS of $0.44 for Q4 2025 , with a Net Interest Margin (NIM) of 2.75%, an increase of 12 basis points from Q3 2025. Net interest income grew by $1.6 million, or 4.7%, compared to Q3 2025.
- The company achieved 8.9% annualized loan growth and 2.6% annualized deposit growth in Q4 2025. For the full year 2025, loan growth was 11.4% and core deposit growth was 7.9%.
- Asset quality metrics showed nonperforming assets to total assets at 0.41% , while the efficiency ratio improved to 51.6% in Q4 2025, down from 54.7% in Q3 2025.
- BWB maintained a strong capital position with a Common Equity Tier 1 Capital Ratio of 9.20% and a Tangible Common Equity Ratio of 8.01% at the end of Q4 2025.
- For 2026, the company anticipates high single-digit loan growth and aims for a 3.00% net interest margin by the end of the year.
Jan 28, 2026, 2:00 PM
Bridgewater Bank Reports Strong Q4 2025 Results and Positive 2026 Outlook
BWB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Bridgewater Bank concluded 2025 with strong Q4 performance, including a 12 basis point expansion in net interest margin to 2.75%, 9% annualized core deposit growth, and 9% loan growth. For the full year, loans grew 11% and core deposits 8%.
- The company anticipates reaching a 3% net interest margin by the end of 2026, ahead of schedule, and projects high single-digit loan growth for the year. Expenses are expected to align with asset growth, in the high single digits.
- Asset quality remained robust, with non-performing assets at 0.41% of assets and full-year net charge-offs at a low 0.04% of average loans in 2025, with recent increases identified as isolated incidents.
- Strategic initiatives for 2026 focus on optimizing profitable growth, leveraging M&A disruption in the Twin Cities to gain market share, and expanding the affordable housing vertical, which experienced 29% balance growth in 2025.
Jan 28, 2026, 2:00 PM
Bridgewater Bank Reports Strong Q4 2025 Results and Pulls Forward NIM Target
BWB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Bridgewater Bank reported a strong Q4 2025, with net interest margin expanding 12 basis points to 2.75%, core deposit growth of 9%, and loan growth of 9%.
- The company is more bullish on its 2026 outlook, now expecting to reach a 3% net interest margin by the end of 2026 (pulled forward from early 2027) and anticipating high single-digit loan growth.
- Asset quality remained strong, with full-year net charge-offs at a very low 0.04% of average loans, despite isolated upticks in non-performing assets and net charge-offs in Q4.
- Strategic priorities for 2026 include optimizing profitable growth, gaining market share, and expanding the affordable housing vertical, which saw balances increase 29% in 2025.
Jan 28, 2026, 2:00 PM
Bridgewater Bank Reports Strong Q4 2025 Results and Positive 2026 Outlook
BWB
Earnings
Guidance Update
M&A
- Bridgewater Bank (BWB) reported a strong finish to Q4 2025, with net interest margin expanding 12 basis points to 2.75% and tangible book value per share growing 16.5% annualized.
- The company anticipates reaching a 3% net interest margin by the end of 2026, pulling forward its previous target from early 2027, without assuming additional rate cuts.
- Loan growth was 9% in Q4 2025 and 11.4% for the full year 2025, with expectations to maintain high single-digit loan growth in 2026.
- Asset quality remains strong, with non-performing assets at 0.41% of assets and full-year net charge-offs at a very low 0.04% of average loans in 2025, despite isolated upticks in Q4.
- Strategic priorities for 2026 include optimizing profitable growth, gaining market share in the Twin Cities, expanding the affordable housing vertical, and leveraging technology, while remaining open to potential tuck-in acquisitions.
Jan 28, 2026, 2:00 PM
Bridgewater Bancshares, Inc. Reports Strong Q4 2025 Earnings with NIM Expansion and Loan Growth
BWB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Bridgewater Bancshares, Inc. reported diluted EPS of $0.43 and adjusted diluted EPS of $0.44 for Q4 2025.
- The company achieved a Net Interest Margin (NIM) of 2.75%, an increase of 12 basis points from Q3 2025, contributing to a 4.7% increase in net interest income from the prior quarter.
- Loan balances grew by $95 million, or 8.9% annualized, and core deposit balances increased by $73 million, or 8.8% annualized, during Q4 2025.
- The efficiency ratio improved to 51.6% (adjusted to 50.7%) in Q4 2025, down from 54.7% (adjusted 53.2%) in Q3 2025.
- For 2026, Bridgewater Bancshares, Inc. anticipates high single-digit loan growth and aims for a 3.00% Net Interest Margin by the end of the year.
Jan 28, 2026, 2:00 PM
Bridgewater Bancshares Inc. Announces Q4 and Full Year 2025 Financial Results
BWB
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Bridgewater Bancshares, Inc. reported net income of $13.3 million, or $0.43 per diluted common share, for the fourth quarter of 2025, and $46.1 million, or $1.49 per diluted common share, for the full year 2025.
- Net interest income increased $1.6 million, or 4.7%, from the third quarter of 2025, with a net interest margin (on a fully tax-equivalent basis) of 2.75%, an increase of 12 basis points from the third quarter of 2025.
- Total deposits increased by $27.6 million, or 2.6% annualized, and gross loans increased by $95.0 million, or 8.9% annualized, from the third quarter of 2025. For the full year 2025, total deposits increased 5.7% and gross loans increased 11.4%.
- The efficiency ratio improved to 51.6% in the fourth quarter of 2025, down from 54.7% for the third quarter of 2025. The company aims for a 3.00% net interest margin by the end of 2026 and anticipates high single-digit loan growth for the year.
Jan 27, 2026, 9:24 PM
Bridgewater Bancshares Announces Fourth Quarter and Full Year 2025 Financial Results
BWB
Earnings
- Bridgewater Bancshares, Inc. reported net income of $13.3 million, or $0.43 per diluted common share, for the fourth quarter of 2025, and $46.1 million, or $1.49 per diluted common share, for the full year 2025.
- Net interest income increased $1.6 million, or 4.7%, from the third quarter of 2025, reaching $35.7 million in Q4 2025, with the net interest margin expanding to 2.75%.
- Total deposits increased by $27.6 million (2.6% annualized) and gross loans increased by $95.0 million (8.9% annualized) from the third quarter of 2025. For the full year 2025, total deposits grew 5.7% and gross loans grew 11.4%.
- The efficiency ratio improved to 51.6% in the fourth quarter of 2025, down from 54.7% in the prior quarter, and tangible book value per share stood at $15.55 at December 31, 2025, a 15.3% increase from December 31, 2024.
Jan 27, 2026, 9:15 PM
Bridgewater Bancshares Reports Q3 2025 Financial Results and Strategic Updates
BWB
Earnings
M&A
New Projects/Investments
- 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
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
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
Quarterly earnings call transcripts for Bridgewater Bancshares.
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