- Home
- BWB
as of 09-01-2026 3:18pm EST
Bridgewater Bancshares Inc is a financial holding company. Through its subsidiary, it offers various personal and commercial banking products and services such as savings accounts, certificates of deposits, money transfer services, digital wallets, credit and debit cards, safe deposit lockers, different types of loans and advances, commercial deposit accounts, treasury management, and others. The company principally focuses on catering to commercial clients, offering a suite of loan and deposit products. Geographically, it mainly operates in the Twin Cities Metropolitan Statistical Area in the United States.
| Founded: | 2005 | Country: | United States |
| Employees: | N/A | City: | ST. LOUIS PARK |
| Market Cap: | 571.1M | IPO Year: | 2018 |
| Target Price: | $21.67 | AVG Volume (30 days): | 152.7K |
| Analyst Decision: | Buy | Number of Analysts: | 3 |
| Dividend Yield: | N/A | Dividend Payout Frequency: | N/A |
| EPS: | 1.03 | EPS Growth: | 44.66 |
| 52 Week Low/High: | $15.91 - $22.62 | Next Earning Date: | 04-21-2026 |
| Revenue: | N/A | Revenue Growth: | N/A |
| Revenue Growth (this year): | 24.57% | Revenue Growth (next year): | 12.35% |
| P/E Ratio: | 20.31 | Index: | N/A |
| Free Cash Flow: | 22.0M | FCF Growth: | N/A |
AI-Powered BWB Daily Prediction
Machine learning model trained on 25+ technical indicators
AI Recommendation
Disclaimer: This prediction is generated by an AI model and should not be considered as financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.
Stock Insider Trading Activity of Bridgewater Bancshares Inc. (BWB)
Director
Avg Cost/Share
$21.50
Shares
518
Total Value
$11,138.55
Owned After
79,843
SEC Form 4
Director
Avg Cost/Share
$21.54
Shares
940
Total Value
$20,246.00
Owned After
79,843
SEC Form 4
Director
Avg Cost/Share
$21.74
Shares
25,000
Total Value
$543,430.00
Owned After
79,843
SEC Form 4
Director
Avg Cost/Share
$21.59
Shares
15,000
Total Value
$323,886.00
Owned After
79,843
SEC Form 4
CEO
Avg Cost/Share
$22.48
Shares
10,000
Total Value
$224,813.00
Owned After
1,123,769
SEC Form 4
CEO
Avg Cost/Share
$22.21
Shares
15,000
Total Value
$333,219.00
Owned After
1,123,769
SEC Form 4
CEO
Avg Cost/Share
$22.03
Shares
10,000
Total Value
$220,282.00
Owned After
1,123,769
SEC Form 4
Director
Avg Cost/Share
$21.26
Shares
40,000
Total Value
$850,284.00
Owned After
66,187
SEC Form 4
| Insider | Ticker | Relationship | Date | Transaction | Avg Cost | Shares | Total Value | Owned After | SEC Forms |
|---|---|---|---|---|---|---|---|---|---|
| Juran David B. | BWB | Director | Aug 28, 2026 | Sell | $21.50 | 518 | $11,138.55 | 79,843 | |
| Juran David B. | BWB | Director | Aug 25, 2026 | Sell | $21.54 | 940 | $20,246.00 | 79,843 | |
| Juran David B. | BWB | Director | Aug 24, 2026 | Sell | $21.74 | 25,000 | $543,430.00 | 79,843 | |
| Juran David B. | BWB | Director | Aug 21, 2026 | Sell | $21.59 | 15,000 | $323,886.00 | 79,843 | |
| Baack Jerry J. | BWB | CEO | Aug 17, 2026 | Sell | $22.48 | 10,000 | $224,813.00 | 1,123,769 | |
| Baack Jerry J. | BWB | CEO | Aug 14, 2026 | Sell | $22.21 | 15,000 | $333,219.00 | 1,123,769 | |
| Baack Jerry J. | BWB | CEO | Aug 13, 2026 | Sell | $22.03 | 10,000 | $220,282.00 | 1,123,769 | |
| Shellberg Jeffrey D. | BWB | Director | Aug 6, 2026 | Sell | $21.26 | 40,000 | $850,284.00 | 66,187 |
Earnings Transcripts
SEC 8-K filings with transcript text
2026 Q2 Q2 2026 Earnings
8-K SELL Jul 21, 2026 · 100% conf.
Q2 2026 Earnings
8-K SELLJul 21, 2026 · 100% conf.
1D
-0.99%
$21.67
Act: -5.30%
5D
-5.43%
$20.70
Act: -4.07%
20D
-6.05%
$20.57
EX-99.1
2 bwb-20260721xex99d1.htm
EX-99.1
Exhibit 99.1
Media Contact: Emily Karpenske | Senior Communication Specialist Emily.Karpenske@bwbmn.com | 952.653.0624
Investor Contact: Justin Horstman | VP Investor Relations Justin.Horstman@bwbmn.com | 952.542.5169
July 21, 2026
Bridgewater Bancshares, Inc. Announces Second Quarter 2026 Financial Results
Second Quarter 2026 Highlights
●Net income of $14.0 million, or $0.45 per diluted common share.
●Net interest income increased $1.9 million, or 21.0% annualized, from the first quarter of 2026.
●Net interest margin (on a fully tax-equivalent basis) of 3.07%, an increase of eight basis points from the first quarter of 2026.
●Yield on total loans of 5.91% for the second quarter of 2026, an increase of 10 basis points from the first quarter of 2026.
●Gross loans increased by $58.3 million, or 5.4% annualized, from the first quarter of 2026.
●Total deposits increased by $40.7 million, or 3.8% annualized, from the first quarter of 2026; core deposits(2) decreased by $29.9 million, or 3.5% annualized, from the first quarter of 2026.
●Efficiency ratio(1) of 53.0%, down from 56.3% for the first quarter of 2026.
●Annualized net loan charge-offs as a percentage of average loans of 0.04%, compared to 0.05% for the first quarter of 2026.
●Nonperforming assets to total assets of 0.40% at June 30, 2026, up from 0.22% at March 31, 2026.
●Tangible book value per share(1) of $16.61 at June 30, 2026, an increase of 17.1% annualized from the first quarter of 2026.
●Common Equity Tier 1 Risk-Based Capital Ratio of 9.61%, up from 9.53% at March 31, 2026.
●Repurchased 38,659 shares of common stock at a weighted average price of $18.12, for a total of $700,000.
(1)Represents a non-GAAP financial measure. See "Non-GAAP Financial Measures" for further details.
(2)Core deposits are defined as total deposits less brokered deposits and certificates of deposit greater than $250,000.
Page 1 of 19
St. Louis Park, MN – Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“the Company”), the parent company of Bridgewater Bank (“the Bank”), today announced net income of $14.0 million for the second quarter of 2026, compared to $17.4 million for the first quarter of 2026, and $11.5 million for the second quarter of 2025. Earnings per diluted common share were $0.45 for the second quarter of 2026, compared to $0.58 for the first quarter of 2026, and $0.38 for the second quarter of 2025.
“Bridgewater’s strong second quarter reflected continued progress across key profitability drivers, highlighted by improved revenue and net interest income growth trends,” said Chairman and Chief Executive Officer, Jerry Baack. “The profitable growth of our loan portfolio, supported by continued net interest margin expansion and higher loan repricing, helped drive stronger earnings performance while we maintained our disciplined credit underwriting approach and strong asset quality profile. Our results demonstrated the strength of our core banking model, the benefits of disciplined balance sheet management, and the continued momentum we are seeing across our markets.
“We remain focused on executing our relationship-based growth strategy and are continuing to proactively add top talent across our production and support teams. These investments will support our ability to capitalize on future growth opportunities, strengthen our ability to serve clients, and create long-term value for our shareholders.”
Page 2 of 19
Key Financial Measures
As of and for the Three Months Ended
As of and for the Six Months Ended
June 30,
March 31,
June 30,
June 30,
June 30,
2026
2026
2025
2026
2025
Per Common Share Data
Basic Earnings Per Share
$
0.47
$
0.59
$
0.38
$
1.06
$
0.70
Diluted Earnings Per Share
0.45
0.58
0.38
1.03
0.68
Adjusted Diluted Earnings Per Share (1)
0.45
0.41
0.37
0.86
0.69
Book Value Per Share
17.27
16.60
14.92
17.27
14.92
Tangible Book Value Per Share (1)
16.61
15.93
14.21
16.61
14.21
Financial Ratios
Return on Average Assets (2)
1.06
%
1.35
%
0.90
%
1.20
%
0.83
%
Pre-Provision Net Revenue Return on Average Assets (1)(2)
1.43
1.30
1.27
1.37
1.20
Return on Average Shareholders' Equity (2)
10.17
13.45
9.80
11.76
9.10
Return on Average Tangible Common Equity (1)(2)
11.15
15.13
10.93
13.07
10.08
Net Interest Margin (3)
3.
2026 Q1 Q1 2026 Earnings
8-K Apr 21, 2026
Q1 2026 Earnings
8-KApr 21, 2026
EX-99.1
2 bwb-20260421xex99d1.htm
EX-99.1
Exhibit 99.1
Media Contact: Emily Karpenske | Senior Communication Specialist Emily.Karpenske@bwbmn.com | 952.653.0624
Investor Contact: Justin Horstman | VP Investor Relations Justin.Horstman@bwbmn.com | 952.542.5169
April 21, 2026
Bridgewater Bancshares, Inc. Announces First Quarter 2026 Financial Results
First Quarter 2026 Highlights
●Net income of $17.4 million, or $0.58 per diluted common share; adjusted net income of $12.6 million, or $0.41 per diluted common share.(1)
●Net interest income increased $960,000, or 10.9% annualized, from the fourth quarter of 2025.
●Net interest margin (on a fully tax-equivalent basis) of 2.99%, an increase of 24 basis points from the fourth quarter of 2025.
●Cost of total deposits of 2.79% for the first quarter of 2026, a decrease of 18 basis points from the fourth quarter of 2025.
●Enhanced balance sheet efficiency to improve forward profitability through the sale of $208.5 million of securities, for a pre-tax gain of $7.3 million, and prepayment of $97.5 million of FHLB advances, including a $982,000 prepayment fee.
●Gross loans increased by $58.5 million, or 5.5% annualized, from the fourth quarter of 2025.
●Total deposits decreased by $14.9 million, or 1.4% annualized, from the fourth quarter of 2025; core deposits(2) increased by $26.2 million, or 3.2% annualized, from the fourth quarter of 2025.
●Efficiency ratio(1) of 56.3%, up from 51.6% for the fourth quarter of 2025; adjusted efficiency ratio(1) of 53.8%, up from 50.7% for the fourth quarter of 2025.
●Annualized net loan charge-offs as a percentage of average loans of 0.05%, compared to 0.11% for the fourth quarter of 2025.
●Nonperforming assets to total assets of 0.22% at March 31, 2026, down from 0.41% at December 31, 2025.
●Tangible book value per share(1) of $15.93 at March 31, 2026, an increase of 9.9% annualized, from the fourth quarter of 2025.
●Common Equity Tier 1 Risk-Based Capital Ratio of 9.53%, up from 9.17% at December 31, 2025.
●Launched an at-the-market (“ATM”) offering for the sale from time-to-time of up to $50 million of common stock.
(1)Represents a non-GAAP financial measure. See "Non-GAAP Financial Measures" for further details.
(2)Core deposits are defined as total deposits less brokered deposits and certificates of deposit greater than $250,000.
Page 1 of 18
St. Louis Park, MN – Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“the Company”), the parent company of Bridgewater Bank (“the Bank”), today announced net income of $17.4 million for the first quarter of 2026, compared to $13.3 million for the fourth quarter of 2025, and $9.6 million for the first quarter of 2025. Earnings per diluted common share were $0.58 for the first quarter of 2026, compared to $0.43 for the fourth quarter of 2025, and $0.31 for the first quarter of 2025. Adjusted diluted earnings per share, a non-GAAP financial measure, were $0.41 for the first quarter of 2026, compared to $0.44 for the fourth quarter of 2025, and $0.32 for the first quarter of 2025.
“Bridgewater’s first quarter of 2026 was highlighted by significant net interest margin expansion, continued loan and core deposit growth, and strong asset quality,” said Chairman and Chief Executive Officer, Jerry Baack. “We took opportunistic actions during the quarter to enhance our balance sheet efficiency, uniquely resulting in a substantial gain on the sale of securities during the quarter while also positioning us for improved forward profitability. As a result of the strong start to 2026, we were able to build our capital position and continue generating consistent tangible book value per share growth.
“Our teams continue to work hard to build, strengthen, and service relationships with clients, which has been instrumental in our ongoing success in gaining market share. These dedicated efforts continue to support our growth initiatives and drive meaningful value for our clients and shareholders alike.”
Page 2 of 18
Key Financial Measures
As of and for the Three Months Ended
March 31,
December 31,
March 31,
2026
2025
2025
Per Common Share Data
Basic Earnings Per Share
$
0.59
$
0.45
$
0.31
Diluted Earnings Per Share
0.58
0.43
0.31
Adjusted Diluted Earnings Per Share (1)
0.41
0.44
0.32
Book Value Per Share
16.60
16.23
14.60
Tangible Book Value Per Share (1)
15.93
15.55
13.89
Financial Ratios
Return on Average Assets (2)
1.35
%
0.97
%
0.77
%
Pre-Provision Net Revenue Return on Average Assets (1)(2)
1.30
1.35
1.13
Return on Average Shareholders' Equity (2)
13.45
10.38
8.39
Return on Ave
2025 Q4 Q4 2025 Earnings
8-K Jan 27, 2026
Q4 2025 Earnings
8-KJan 27, 2026
EX-99.1
2 bwb-20260127xex99d1.htm
EX-99.1
Exhibit 99.1
Media Contact: Emily Karpenske | Senior Communication Specialist Emily.Karpenske@bwbmn.com | 952.653.0624
Investor Contact: Justin Horstman | VP Investor Relations Justin.Horstman@bwbmn.com | 952.542.5169
January 27, 2026
Bridgewater Bancshares, Inc. Announces Fourth Quarter 2025 Financial Results
Fourth Quarter 2025 Highlights
●Net income of $13.3 million, or $0.43 per diluted common share; adjusted net income of $13.5 million, or $0.44 per diluted common share.(1)
●Net interest income increased $1.6 million, or 4.7%, from the third quarter of 2025.
●Net interest margin (on a fully tax-equivalent basis) of 2.75%, an increase of 12 basis points from the third quarter of 2025.
●Noninterest income increased $1.1 million, or 52.7%, from the third quarter of 2025.
●Total deposits increased by $27.6 million, or 2.6% annualized, from the third quarter of 2025; core deposits(2) increased by $72.6 million, or 8.8% annualized, from the third quarter of 2025.
●Gross loans increased by $95.0 million, or 8.9% annualized, from the third quarter of 2025.
●Efficiency ratio(1) of 51.6%, down from 54.7% for the third quarter of 2025; adjusted efficiency ratio(1) of 50.7%, down from 53.2% for the third quarter of 2025.
●Completed the closure of one branch acquired from First Minnetonka City Bank (“FMCB”) in 2024.
Full Year 2025 Highlights
●Net income of $46.1 million, or $1.49 per diluted common share; adjusted net income of $46.9 million, or $1.52 per diluted common share.(1)
●Pre-provision net revenue(1) increased $19.3 million, or 42.1%, from 2024.
●Tangible book value per share(1) of $15.55 at December 31, 2025, an increase of $2.06, or 15.3%, from December 31, 2024.
●Total deposits increased by $233.6 million, or 5.7%, in 2025; core deposits(2) increased by $244.6 million, or 7.9%, in 2025.
●Gross loans increased by $441.0 million, or 11.4%, in 2025.
●Net loan charge-offs as a percentage of average loans of 0.04%, up from 0.03% for the year ended December 31, 2024.
(1)Represents a non-GAAP financial measure. See "Non-GAAP Financial Measures" for further details.
(2)Core deposits are defined as total deposits less brokered deposits and certificates of deposit greater than $250,000.
Page 1 of 19
St. Louis Park, MN – Bridgewater Bancshares, Inc. (Nasdaq: BWB) (“the Company”), the parent company of Bridgewater Bank (“the Bank”), today announced net income of $13.3 million for the fourth quarter of 2025, compared to $11.6 million for the third quarter of 2025, and $8.2 million for the fourth quarter of 2024. Earnings per diluted common share were $0.43 for the fourth quarter of 2025, compared to $0.38 for the third quarter of 2025, and $0.26 for the fourth quarter of 2024. Adjusted net income, a non-GAAP financial measure, was $13.5 million for the fourth quarter of 2025, compared to $12.0 million for the third quarter of 2025, and $8.6 million for the fourth quarter of 2024. Adjusted earnings per diluted common share, a non-GAAP financial measure, were $0.44 for the fourth quarter of 2025, compared to $0.39 for the third quarter of 2025, and $0.27 for the fourth quarter of 2024.
“Bridgewater’s fourth quarter was highlighted by strong revenue growth, well controlled expenses, and continued core deposit and loan growth momentum,” said Chairman and Chief Executive Officer, Jerry Baack. “Our overall efficiency improved as meaningful net interest margin expansion and strong swap fee income drove revenue higher while expense growth returned to more normalized levels following the systems conversion of our recent acquisition. Meanwhile, we continued to capitalize on the M&A disruption in the Twin Cities through opportunities to attract top talent and earn new client relationships.
“As we look ahead to 2026, we are focused on driving profitable growth, gaining market share, and continuing to leverage technology investments to support future growth. We will also look to expand key verticals including affordable housing, which became a key growth driver for us in 2025. With the right team in place, an outlook for continued growth and net interest margin expansion, and a strong credit culture, we believe we are well positioned to continue improving profitability and growing tangible book value in 2026.”
Page 2 of 19
Key Financial Measures
As of and for the Three Months Ended
As of and for the Year Ended
December 31,
September 30,
December 31,
December 31,
December 31,
2025
2025
2024
2025
2024
Per Common Share Data
Basic Earnings Per Share
$
0.45
$
0.38
$
0.26
$
1.53
$
1.05
Diluted Earnings Per Share
0.43
0.38
0.26
1.49
1.03
Adjusted Diluted Earning
Compare BWB vs Leading Stocks
See how BWB stacks up against similar companies in the market
Head-to-Head Comparisons
Share on Social Networks:
Tools & Resources
Enhance your trading experience with our free tools
Disclaimer
The information presented on this page, "BWB Bridgewater Bancshares Inc. - Stocks Price | History | Analysis", including historical data, forecasts, news, insider information, and predictions, is provided for educational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any securities. Decisions regarding investments should be made only after careful consideration and consultation with a qualified financial advisor. We do not endorse or guarantee the accuracy or reliability of the information provided, and we disclaim any liability for financial losses incurred as a result of decisions made based on the information presented.