Bridgewater Bancshares Inc (BWB) Financial Statements
Industry: State Commercial Banks
In fiscal 2025, Bridgewater Bancshares reported revenue of $143.4M, up 30.8% from $109.6M the year before. Net income was $46.1M (a 32.2% net margin), or $1.49 per diluted share. Net interest income was $132.4M, and the efficiency ratio (noninterest expense / revenue) was 53.9%. Operating activities generated $27.8M of cash, leaving $22.0M of free cash flow. At fiscal year end, Bridgewater Bancshares held $5.41B in total assets against $4.89B in total liabilities, including $123.5M of cash and equivalents.
Open the full interactive Bridgewater Bancshares financials → Quarterly statements, key ratios, valuation history and price charts.
Bridgewater Bancshares Key Stats
| Share Price | $20.37 |
|---|---|
| Market Cap | $582.4M |
| P/E Ratio | 13.7 |
| Revenue YoY Growth | +30.8% |
| 52-Week Range | $16.17 – $22.49 |
| Shares Outstanding | 27.9 million (basic, 2026 Q2) |
Bridgewater Bancshares Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $88.0M | $109.5M | $129.7M | $105.2M | $102.2M | $132.4M |
| Provision for Credit Losses | $12.8M | $5.2M | $7.7M | -$175,000 | $3.5M | $6.0M |
| Noninterest Income | $5.8M | $5.3M | $6.3M | $6.5M | $7.4M | $10.9M |
| Noninterest Expense | $45.4M | $48.1M | $56.6M | $59.3M | $63.3M | $77.3M |
| Revenue | $93.8M | $114.8M | $136.0M | $111.7M | $109.6M | $143.4M |
| Pre-Tax Income | $35.7M | $61.6M | $71.7M | $52.5M | $42.7M | $60.0M |
| Income Tax | $8.5M | $15.9M | $18.3M | $12.6M | $9.9M | $13.9M |
| Net Income | $27.2M | $45.7M | $53.4M | $40.0M | $32.8M | $46.1M |
| Diluted EPS | $0.93 | $1.54 | $1.72 | $1.27 | $1.03 | $1.49 |
Bridgewater Bancshares Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $36.2M | $38.8M | $46.2M | $40.9M |
| Net Income | $11.6M | $13.3M | $17.4M | $14.0M |
| Diluted EPS | $0.38 | $0.47 | $0.58 | $0.45 |
Bridgewater Bancshares Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $160.7M | $143.5M | $87.0M | $128.6M | $229.8M | $123.5M |
| Loans (Net) | $2.28B | $2.77B | $3.51B | $3.67B | $3.81B | $4.24B |
| Total Assets | $2.93B | $3.48B | $4.35B | $4.61B | $5.07B | $5.41B |
| Deposits | $2.50B | $2.95B | $3.42B | $3.71B | $4.09B | $4.32B |
| Total Long-Term Debt | $142.2M | $134.7M | $189.7M | $412.5M | $452.9M | $508.2M |
| Total Liabilities | $2.66B | $3.10B | $3.95B | $4.19B | $4.61B | $4.89B |
| Shareholders' Equity | $265.4M | $379.3M | $394.1M | $425.5M | $457.9M | $517.1M |
Bridgewater Bancshares Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $23.0M | $54.2M | $85.0M | $30.0M | $46.4M | $27.8M |
| Cash From Investing | -$530.3M | -$571.4M | -$938.2M | -$209.2M | -$95.2M | -$417.5M |
| Cash From Financing | $636.1M | $500.0M | $796.8M | $220.7M | $150.1M | $283.4M |
| Free Cash Flow | -$1.7M | $53.5M | $83.4M | $27.0M | $42.3M | $22.0M |
Figures from Bridgewater Bancshares' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Bridgewater Bancshares financials page for every line item.
Bridgewater Bancshares Company Profile
| Ticker | BWB |
|---|---|
| Exchange | Nasdaq |
| Industry | State Commercial Banks |
| Headquarters | St. Louis Park, Minnesota |
| Incorporated in | Minnesota |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001341317 |
Frequently Asked Questions
What was Bridgewater Bancshares' revenue in fiscal 2025?
Bridgewater Bancshares (BWB) reported revenue of $143.4M for fiscal 2025.
What is Bridgewater Bancshares' annual revenue history?
Bridgewater Bancshares' annual revenue by fiscal year: 2020: $93.8M; 2021: $114.8M; 2022: $136.0M; 2023: $111.7M; 2024: $109.6M; 2025: $143.4M.
What was Bridgewater Bancshares' net income in fiscal 2025?
Bridgewater Bancshares reported net income of $46.1M for fiscal 2025.
What was Bridgewater Bancshares' earnings per share (EPS) in fiscal 2025?
Bridgewater Bancshares' diluted EPS was $1.49 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Bridgewater Bancshares generate in fiscal 2025?
Bridgewater Bancshares generated $22.0M of free cash flow in fiscal 2025.
What was Bridgewater Bancshares' revenue last quarter?
In its most recent reported quarter (2026 Q2), Bridgewater Bancshares reported revenue of $40.9M.
How much debt does Bridgewater Bancshares have?
Bridgewater Bancshares reported $508.2M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Bridgewater Bancshares are outstanding?
Bridgewater Bancshares reported a weighted average of 27.9 million basic shares outstanding in 2026 Q2.
What is Bridgewater Bancshares' market cap?
Based on its latest closing price, Bridgewater Bancshares (BWB) has a market capitalization of about $582.4M.
When does Bridgewater Bancshares' fiscal year end?
Bridgewater Bancshares' fiscal year end, as registered with the SEC, is December 31.
Where is Bridgewater Bancshares headquartered?
Bridgewater Bancshares lists its business address in St. Louis Park, Minnesota in its SEC filings.