Bridgewater Bancshares Inc BWB

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

Bridgewater Bancshares, Inc. (the "Company") is a Minnesota corporation and financial holding company with one wholly-owned subsidiary: Bridgewater Bank (the "Bank"). The Bank has two wholly-owned subsidiaries: BWB Holdings, LLC, which was formed for the purpose of holding repossessed property; and Bridgewater Investment Management, Inc., which was formed for the purposes of holding certain municipal securities and engaging in municipal lending activities. The Bank has nine full-service offices located in Bloomington, Greenwood, Minneapolis (2), Minnetonka, Orono, Lake Elmo, St. Louis Park, and St. Paul, Minnesota. The Lake Elmo branch opened in February 2026.

The Company is headquartered in St. Louis Park, Minnesota, a suburb located approximately 5 miles southwest of downtown Minneapolis. The Company and Bank were established in 2005 as a de novo bank by a group of industry veterans and local business leaders dedicated to providing responsive support and simple solutions to businesses, entrepreneurs, and successful individuals.

Last close 20.58 2026-10-23
Market cap $573.8M 2026-06-30 share count
52-week range 16.06 - 22.62

Valuation FY2025 figures against the last close

P/S2.0x
P/E13.8x
P/FCF26.1x
EV/EBITDA—
Dividend yield—
Diluted EPS1.49

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $281.8M$245.9M$222.4M$163.7M$128.9M$114.8M$103.8M$85.2M$66.3M$50.6M
Interest expense $132.4M$102.2M$105.2M$129.7M$19.4M$26.9M$29.6M$20.5M$12.2M$42.1M
Pre-tax income $60.0M$42.7M$52.5M$71.7M$61.6M$35.7M$38.3M$32.1M$27.0M$21.3M
Income tax $13.9M$9.9M$12.6M$18.3M$15.9M$8.5M$6.9M$5.2M$10.1M$8.1M
Net income $46.1M$32.8M$40.0M$53.4M$45.7M$27.2M$31.4M$26.9M$16.9M$13.2M
EPS, basic 1.531.051.291.781.590.951.070.930.690.59
EPS, diluted 1.491.031.271.721.540.931.050.910.680.58
Shares, diluted (wtd. avg.) 28.2M27.9M28.3M28.7M29.0M29.2M30.0M29.4M25.0M22.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $123.5M$229.8M$128.6M$87.0M$143.5M$160.7M$31.9M$28.4M$23.7M$16.5M
Property, plant and equipment $51.6M$49.5M$48.9M$48.4M$49.4M$51.0M$27.6M$13.1M$10.1M—
Goodwill $12.0M$12.0M$2.6M$2.6M$2.6M$2.6M$2.6M$2.6M$2.6M—
Other intangibles $6.9M$7.8M$188.0K$288.0K$479.0K$670.0K$861.0K$1.1M$1.2M—
Total assets $5.41B$5.07B$4.61B$4.35B$3.48B$2.93B$2.27B$1.97B$1.62B—
Total liabilities $4.89B$4.61B$4.19B$3.95B$3.10B$2.66B$2.02B$1.75B$1.48B—
Retained earnings $351.5M$309.4M$280.6M$248.7M$199.3M$154.8M$127.6M$96.2M$69.5M—
Total equity $517.1M$457.9M$425.5M$394.1M$379.3M$265.4M$244.8M$221.0M$137.2M$115.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $27.8M$46.4M$30.0M$85.0M$54.2M$23.0M$39.5M$29.4M$24.9M$14.9M
Depreciation and amortisation $2.5M$2.4M$2.5M$2.6M$2.4M$1.2M$1.0M$761.0K$694.0K$586.0K
Stock-based compensation $4.2M$3.9M$4.0M$3.3M$2.4M$1.7M$752.0K$799.0K$368.0K$222.0K
Capital expenditure $5.8M$4.1M$3.0M$1.6M$777.0K$24.7M$15.6M$3.7M$1.2M$2.2M
Investing cash flow -$417.5M-$95.2M-$209.2M-$938.2M-$571.4M-$530.3M-$276.2M-$354.2M-$350.2M-$266.1M
Financing cash flow $283.4M$150.1M$220.7M$796.8M$500.0M$636.1M$240.2M$329.5M$332.5M$254.1M
Buybacks $2.2M$5.2M$4.5M$10.8M$2.3M$10.3M$15.0M——$192.0K

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-020063.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 100M 200M 300M Revenue, FY2016: 50.6M Net income, FY2016: 13.2M Revenue, FY2017: 66.3M Net income, FY2017: 16.9M Revenue, FY2018: 85.2M Net income, FY2018: 26.9M Revenue, FY2019: 103.8M Net income, FY2019: 31.4M Revenue, FY2020: 114.8M Net income, FY2020: 27.2M Revenue, FY2021: 128.9M Net income, FY2021: 45.7M Revenue, FY2022: 163.7M Net income, FY2022: 53.4M Revenue, FY2023: 222.4M Net income, FY2023: 40M Revenue, FY2024: 245.9M Net income, FY2024: 32.8M Revenue, FY2025: 281.8M Net income, FY2025: 46.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $50.6M $66.3M $85.2M $103.8M $114.8M $128.9M $163.7M $222.4M $245.9M $281.8M
Gross profit — — — — — — — — — —
Net income $13.2M $16.9M $26.9M $31.4M $27.2M $45.7M $53.4M $40.0M $32.8M $46.1M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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