BWB on Nasdaq
Bridgewater Bancshares Inc
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Last updated Oct 16, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Loans, Including Fees | $233.2M | $204.7M | $191.4M |
| Investment Securities | $38.7M | $33.9M | $26.2M |
| Other | $10.0M | $7.2M | $4.7M |
| Total Interest Income | $281.8M | $245.9M | $222.4M |
| Deposits | $131.4M | $128.8M | $96.0M |
| Federal Funds Purchased | $21.0K | $1.2M | $8.5M |
| Notes Payable | $624.0K | $1.2M | $1.1M |
| FHLB Advances | $11.5M | $8.6M | $7.5M |
| Subordinated Debentures | $5.9M | $4.0M | $4.0M |
| Total Interest Expense | $149.4M | $143.7M | $117.2M |
| NET INTEREST INCOME | $132.4M | $102.2M | $105.2M |
| Provision for (Recovery of) Credit Losses | $6.0M | $3.5M | -$175.0K |
| NET INTEREST INCOME AFTER PROVISION FOR (RECOVERY OF) CREDIT LOSSES | $126.4M | $98.7M | $105.3M |
| Customer Service Fees | $2.0M | $1.5M | $1.5M |
| Net Gain (Loss) on Sales of Available for Sale Securities | $614.0K | $385.0K | -$33.0K |
| Net Gain on Sales of Foreclosed Assets | $62.0K | ||
| Letters of Credit Fees | $1.8M | $2.0M | $1.7M |
| Debit Card Interchange Fees | $640.0K | $593.0K | $595.0K |
| Swap Fees | $1.6M | $547.0K | |
| Bank-Owned Life Insurance | $1.7M | $1.3M | $992.0K |
| Investment Advisory Fees | $973.0K | ||
| FHLB Prepayment Income | $301.0K | $792.0K | |
| Other Income | $1.3M | $1.0M | $946.0K |
| Total Noninterest Income | $10.9M | $7.4M | $6.5M |
| Salaries and Employee Benefits | $47.4M | $39.6M | $36.5M |
| Occupancy and Equipment | $4.9M | $4.4M | $4.4M |
| FDIC Insurance Assessment | $2.7M | $3.0M | $3.7M |
| Data Processing | $2.5M | $1.7M | $1.6M |
| Professional and Consulting Fees | $4.8M | $3.9M | $3.1M |
| Derivative Collateral Fees | $1.4M | $1.8M | $1.9M |
| Information Technology and Telecommunications | $3.9M | $3.3M | $2.9M |
| Marketing and Advertising | $2.1M | $1.5M | $1.1M |
| Intangible Asset Amortization | $921.0K | $78.0K | $100.0K |
| Other Expense | $6.6M | $4.1M | $4.0M |
| Total Noninterest Expense | $77.3M | $63.3M | $59.3M |
| INCOME BEFORE INCOME TAXES | $60.0M | $42.7M | $52.5M |
| Provision for Income Taxes | $13.9M | $9.9M | $12.6M |
| NET INCOME | $46.1M | $32.8M | $40.0M |
| Preferred Stock Dividends | -$4.1M | -$4.1M | -$4.1M |
| NET INCOME AVAILABLE TO COMMON SHAREHOLDERS | $42.0M | $28.8M | $35.9M |
| Basic (in dollars per share) | $1.53 | $1.05 | $1.29 |
| Diluted (in dollars per share) | $1.49 | $1.03 | $1.27 |
Every line of the balance sheet in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and Cash Equivalents | $123.5M | $229.8M | |
| Bank-Owned Certificates of Deposit | $4.4M | ||
| Securities Available for Sale, at Fair Value | $776.4M | $768.2M | |
| Loans, Net of Allowance for Credit Losses of $56,443 at December 31, 2025, and $52,277 at December 31, 2024 | $4.2B | $3.8B | |
| Federal Home Loan Bank (FHLB) Stock, at Cost | $21.1M | $19.3M | |
| Premises and Equipment, Net | $51.6M | $49.5M | |
| Accrued Interest | $18.9M | $17.7M | |
| Goodwill | $12.0M | $12.0M | |
| Other Intangible Assets, Net | $6.9M | $7.8M | |
| Bank-Owned Life Insurance | $46.6M | $44.6M | |
| Other Assets | $105.8M | $103.4M | |
| Total Assets | $5.4B | $5.1B | |
| Noninterest Bearing | $923.1M | $800.8M | |
| Interest Bearing | $3.4B | $3.3B | |
| Total Deposits | $4.3B | $4.1B | |
| Notes Payable | $13.8M | ||
| FHLB Advances | $399.5M | $359.5M | |
| Subordinated Debentures, Net of Issuance Costs | $108.7M | $79.7M | |
| Accrued Interest Payable | $3.2M | $4.0M | |
| Other Liabilities | $58.1M | $64.6M | |
| Total Liabilities | $4.9B | $4.6B | |
| Preferred Stock- $0.01 par value; Authorized 10,000,000 Preferred Stock - Issued and Outstanding 27,600 Series A shares ($2,500 liquidation preference) at December 31, 2025 and December 31, 2024 | $66.5M | $66.5M | |
| Common Stock- $0.01 par value; Authorized 75,000,000 Common Stock - Issued and Outstanding 27,759,970 at December 31, 2025 and 27,552,449 at December 31, 2024 | $278.0K | $276.0K | |
| Additional Paid-In Capital | $98.3M | $95.1M | |
| Retained Earnings | $351.5M | $309.4M | |
| Accumulated Other Comprehensive Income (Loss) | $561.0K | -$13.4M | |
| Total Shareholders' Equity | $517.1M | $457.9M | $425.5M |
| Total Liabilities and Equity | $5.4B | $5.1B | |
| Allowance of loan loss | $56.4M | $52.3M | $50.5M |
| Preferred shares, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, shares authorized (in shares) | 10.0M shares | 10.0M shares | |
| Common shares, par value (in dollars per share) | $0.01 | $0.01 | |
| Common stock, shares authorized (in shares) | 75.0M shares | 75.0M shares | |
| Common stock, shares issued (in shares) | 27.8M shares | 27.6M shares | |
| Common stock, shares outstanding (in shares) | 27.8M shares | 27.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net Income | $46.1M | $32.8M | $40.0M |
| Net Amortization on Securities Available for Sale | -$3.6M | -$1.4M | $10.0K |
| Net (Gain) Loss on Sales of Securities Available for Sale | -$614.0K | -$385.0K | $33.0K |
| Provision for Credit Losses on Loans and Leases | $5.7M | $2.9M | $2.0M |
| Provision (Credit) for Off-Balance Sheet Exposures | $400.0K | $625.0K | -$2.2M |
| Loan discount Accretion | -$1.7M | ||
| Depreciation of Premises and Equipment | $2.5M | $2.4M | $2.5M |
| Loss on Disposal of Premises and Equipment | $6.0K | $20.0K | |
| Amortization of Other Intangible Assets | $921.0K | $78.0K | $100.0K |
| Amortization of Right-of use Asset | $558.0K | $559.0K | $534.0K |
| Cash Surrender Value of Bank-Owned Life Insurance | -$1.7M | -$1.3M | -$992.0K |
| Amortization of Subordinated Debt Issuance Costs | $402.0K | $382.0K | $383.0K |
| Net Gain on Sales of Foreclosed Assets | -$62.0K | ||
| Stock-based Compensation | $4.2M | $3.9M | $4.0M |
| Deferred Income Taxes | -$2.0M | $24.0K | $676.0K |
| Remeasurement of Interest Rate Swap | -$30.0K | ||
| Accrued Interest Receivable and Other Assets | -$13.9M | $2.4M | -$20.9M |
| Accrued Interest Payable and Other Liabilities | -$9.3M | $3.5M | $3.9M |
| Net Cash Provided by Operating Activities | $27.8M | $46.4M | $30.0M |
| Decrease in Bank-Owned Certificates of Deposit | $4.4M | $1.2M | |
| Proceeds from Sales of Securities Available for Sale | $77.0M | $101.6M | $28.8M |
| Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale | $153.9M | $65.6M | $32.7M |
| Purchases of Securities Available for Sale | -$206.1M | -$245.2M | -$113.6M |
| Net Increase in Loans | -$438.8M | -$26.2M | -$157.9M |
| Purchase of FHLB Stock | -$59.7M | -$88.8M | -$87.1M |
| Redemption of FHLB Stock | $57.9M | $86.8M | $89.6M |
| Purchases of Premises and Equipment | -$5.8M | -$4.1M | -$3.0M |
| Proceeds from Sales of Foreclosed Assets | $185.0K | $496.0K | $116.0K |
| Cash Received, Net of Cash Paid for Acquisition | $17.3M | ||
| Purchase of Bank-Owned Life Insurance | -$4.6M | -$2.8M | |
| Redemption of Bank-owned Life Insurance | $4.4M | ||
| Net Cash Used in Investing Activities | -$417.5M | -$95.2M | -$209.2M |
| Net Increase in Deposits | $233.6M | $119.2M | $293.4M |
| Net Decrease in Federal Funds Purchased | -$287.0M | ||
| Principal Payments on Notes Payable | -$13.8M | ||
| Proceeds from FHLB Advances | $1.2B | $997.0M | $679.5M |
| Principal Payments on FHLB Advances | -$1.2B | -$957.0M | -$457.0M |
| Issuance of Subordinated Debt, net of Issuance Costs | $78.6M | ||
| Redemption of Subordinated Debt | -$50.0M | ||
| Preferred Stock Dividends Paid | -$4.1M | -$4.1M | -$4.1M |
| Stock Options Exercised | $1.9M | $763.0K | $963.0K |
| Stock Repurchases | -$2.2M | -$5.2M | -$4.5M |
| Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards | -$713.0K | -$634.0K | -$457.0K |
| Shares Repurchased for Tax Withholdings Upon Exercise of Stock Options | -$33.0K | -$73.0K | -$129.0K |
| Net Cash Provided by Financing Activities | $283.4M | $150.1M | $220.7M |
| NET CHANGE IN CASH AND CASH EQUIVALENTS | -$106.2M | $101.2M | $41.5M |
| Cash Paid for Interest | $149.8M | $144.6M | $114.3M |
| Federal | $8.3M | $2.9M | $5.7M |
| Total Cash Paid for Income Taxes | $14.3M | $5.8M | $10.4M |
| Loans Transferred to Foreclosed Assets | $185.0K | $434.0K | $116.0K |
| Premises and Equipment Transferred to Other Assets | $1.3M | ||
| Fair Value of Assets Acquired | $282.2M | ||
| Fair Value of Liabilities Assumed | $258.5M | ||
| Net Assets Acquired | $23.7M |
Recent filings
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 30, 20264
- Sep 16, 20264
- Sep 15, 2026144
- Sep 10, 20264
- Sep 8, 2026144
- Sep 3, 20264
- Sep 1, 20264
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
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