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Bridgewater Bancshares (BWBBP) Financials

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$19.94 -0.06 (-0.28%)
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Annual Income Statements for Bridgewater Bancshares

Annual Income Statements for Bridgewater Bancshares

This table shows Bridgewater Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 13 17 27 31 27 45 49 36 29 42
Consolidated Net Income / (Loss)		 13 17 27 31 27 46 53 40 33 46
Net Income / (Loss) Continuing Operations		 13 17 27 31 27 46 53 40 33 46
Total Pre-Tax Income 		21 27 32 38 36 62 72 53 43 60
Total Revenue		 45 57 67 78 94 115 136 112 110 143
Net Interest Income / (Expense)		 42 54 65 74 88 110 130 105 102 132
Total Interest Income		 51 66 85 104 115 129 164 222 246 282
Loans and Leases Interest Income		 47 60 78 95 105 119 146 191 205 233
Investment Securities Interest Income		 3.65 5.98 6.69 7.77 8.72 9.58 16 26 34 39
Other Interest Income		 0.36 0.34 0.50 1.15 0.61 0.46 1.03 4.71 7.24 9.97
Total Interest Expense		 8.51 12 20 30 27 19 34 117 144 149
Deposits Interest Expense		 6.96 9.72 16 24 20 14 23 96 129 131
Short-Term Borrowings Interest Expense		 0.72 0.66 0.59 0.50 0.44 0.06 0.20 1.14 1.16 0.62
Long-Term Debt Interest Expense		 0.79 1.63 3.29 4.96 6.50 5.46 5.91 11 13 17
Federal Funds Purchased and Securities Sold Interest Expense		 0.06 0.17 0.64 0.19 0.11 0.01 4.51 8.52 1.20 0.02
Total Non-Interest Income		 2.57 2.54 2.54 3.83 5.84 5.31 6.33 6.49 7.37 11
Other Service Charges		 1.28 1.77 2.15 2.48 3.51 3.24 4.25 3.29 4.12 5.35
Net Realized & Unrealized Capital Gains on Investments		 0.80 0.11 -0.35 0.59 1.50 0.75 0.08 -0.03 0.45 0.61
Investment Banking Income		 0.49 0.66 0.75 0.76 0.83 1.01 1.24 1.46 1.48 2.99
Other Non-Interest Income		 - - - - - 0.32 0.76 1.78 1.33 1.96
Provision for Credit Losses		 3.25 4.18 3.58 2.70 13 5.15 7.70 -0.18 3.53 6.05
Total Non-Interest Expense		 20 25 32 37 45 48 57 59 63 77
Salaries and Employee Benefits		 12 14 19 22 26 31 37 37 40 47
Net Occupancy & Equipment Expense		 1.82 2.19 2.35 3.09 3.26 5.14 5.79 6.02 6.10 7.46
Marketing Expense		 - - - - - 1.49 2.03 1.13 1.49 2.14
Property & Liability Insurance Claims		 - - - - - 1.31 1.37 3.69 2.96 2.75
Other Operating Expenses		 6.26 9.25 11 12 17 8.52 9.90 12 13 17
Amortization Expense		 - - - - - 0.75 0.60 0.10 0.08 0.92
Income Tax Expense		 8.05 10 5.22 6.92 8.47 16 18 13 9.91 14
Preferred Stock Dividends Declared		 - - - - 0.00 1.17 4.05 4.05 4.05 4.05
Basic Earnings per Share		 $0.59 $0.69 $0.93 $1.07 $0.95 $1.59 $1.78 $1.29 $1.05 $1.53
Weighted Average Basic Shares Outstanding		 - 24.60M 29.00M 28.97M 28.13M 28.21M 27.76M 27.71M 27.60M 27.82M
Diluted Earnings per Share		 $0.58 $0.68 $0.91 $1.05 $0.93 $1.54 $1.72 $1.27 $1.03 $1.49
Weighted Average Diluted Shares Outstanding		 - 24.60M 29.00M 28.97M 28.13M 28.21M 27.76M 27.71M 27.60M 27.82M
Weighted Average Basic & Diluted Shares Outstanding		 - 24.60M 29.00M 28.97M 28.13M 28.21M 27.76M 27.71M 27.60M 27.82M

Quarterly Income Statements for Bridgewater Bancshares

This table shows Bridgewater Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 7.86 6.82 7.10 7.66 7.19 8.62 11 11 12 16 13
Consolidated Net Income / (Loss)		 8.87 7.83 8.12 8.68 8.20 9.63 12 12 13 17 14
Net Income / (Loss) Continuing Operations		 8.87 7.83 8.12 8.68 8.20 9.63 12 12 13 17 14
Total Pre-Tax Income 		11 10 11 11 11 13 15 15 17 23 18
Total Revenue		 27 26 27 27 30 32 36 36 39 46 41
Net Interest Income / (Expense)		 25 25 25 26 27 30 32 34 36 37 39
Total Interest Income		 59 59 61 63 63 66 69 74 73 70 73
Loans and Leases Interest Income		 50 50 51 52 52 54 58 60 61 62 64
Investment Securities Interest Income		 7.28 7.92 8.18 8.73 9.11 9.40 9.20 10 9.72 6.92 6.90
Other Interest Income		 1.54 1.17 1.32 2.41 2.35 2.49 2.11 3.22 2.15 1.32 1.61
Total Interest Expense		 33 34 36 37 36 36 37 40 38 33 34
Deposits Interest Expense		 29 30 32 34 33 32 32 35 32 29 30
Short-Term Borrowings Interest Expense		 0.30 0.30 0.30 0.30 0.28 0.26 0.26 0.11 - 0.00 0.00
Long-Term Debt Interest Expense		 3.22 3.25 3.12 2.94 3.23 3.14 3.97 4.82 5.41 4.29 4.36
Federal Funds Purchased and Securities Sold Interest Expense		 0.27 0.30 0.85 0.00 0.04 0.00 0.02 0.00 0.01 0.24 0.02
Total Non-Interest Income		 1.41 1.55 1.76 1.52 2.53 2.08 3.63 2.06 3.15 9.56 2.32
Other Service Charges		 0.81 0.81 0.77 0.83 1.72 0.88 1.76 0.85 1.87 1.13 1.09
Net Realized & Unrealized Capital Gains on Investments		 -0.03 0.09 0.32 -0.03 - 0.00 0.47 0.06 0.08 7.25 0.00
Investment Banking Income		 0.36 0.34 0.37 0.37 0.39 0.82 0.71 0.71 0.75 0.74 0.78
Other Non-Interest Income		 0.27 0.30 0.31 0.35 0.36 0.38 0.69 0.44 0.46 0.45 0.45
Provision for Credit Losses		 -0.25 0.75 0.60 0.00 2.18 1.50 2.00 1.10 1.45 1.20 0.55
Total Non-Interest Expense		 16 15 16 16 17 18 19 20 20 22 22
Salaries and Employee Benefits		 9.62 9.43 9.68 9.85 11 11 11 12 12 13 14
Net Occupancy & Equipment Expense		 1.49 1.47 1.56 1.44 1.63 1.85 1.90 1.90 1.81 1.99 2.05
Marketing Expense		 0.32 0.32 0.32 0.37 0.48 0.33 0.44 0.66 0.72 0.78 0.60
Property & Liability Insurance Claims		 1.05 0.88 0.73 0.75 0.61 0.45 0.75 0.78 0.77 0.78 0.60
Other Operating Expenses		 3.26 3.08 3.25 3.35 3.44 3.91 4.26 4.16 4.28 4.91 4.50
Amortization Expense		 0.01 0.01 0.01 0.01 0.05 0.23 0.23 0.23 0.23 0.23 0.23
Income Tax Expense		 2.36 2.41 2.51 2.69 2.31 3.02 3.62 3.50 3.81 5.44 4.44
Preferred Stock Dividends Declared		 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01
Basic Earnings per Share		 $0.28 $0.25 $0.26 $0.28 $0.26 $0.31 $0.38 $0.38 $0.46 $0.59 $0.47
Weighted Average Basic Shares Outstanding		 27.71M 27.37M 27.35M 27.43M 27.60M 27.44M 27.48M 27.58M 27.82M 27.88M 27.88M
Diluted Earnings per Share		 $0.29 $0.24 $0.26 $0.27 $0.26 $0.31 $0.38 $0.38 $0.42 $0.58 $0.45
Weighted Average Diluted Shares Outstanding		 27.71M 27.37M 27.35M 27.43M 27.60M 27.44M 27.48M 27.58M 27.82M 27.88M 27.88M
Weighted Average Basic & Diluted Shares Outstanding		 27.71M 27.37M 27.35M 27.43M 27.60M 27.44M 27.48M 27.58M 27.82M 27.88M 27.88M

Annual Cash Flow Statements for Bridgewater Bancshares

This table details how cash moves in and out of Bridgewater Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 2.93 7.23 4.72 3.49 129 -17 -56 42 101 -106
Net Cash From Operating Activities		 15 25 29 40 23 54 85 30 46 28
Net Cash From Continuing Operating Activities		 15 25 29 40 23 54 85 30 46 28
Net Income / (Loss) Continuing Operations		 13 17 27 31 27 46 53 40 33 46
Consolidated Net Income / (Loss)		 13 17 27 31 27 46 53 40 33 46
Provision For Loan Losses		 3.25 4.18 3.58 2.70 13 5.15 7.70 -0.18 3.53 6.05
Depreciation Expense		 0.59 0.69 0.76 1.01 1.21 2.37 2.57 2.51 2.37 2.47
Amortization Expense		 2.10 3.01 3.32 2.82 3.11 3.99 2.97 1.03 -0.34 -1.76
Non-Cash Adjustments to Reconcile Net Income		 -1.65 -1.80 -0.15 -0.57 -2.42 -2.85 1.11 3.59 2.16 -2.03
Changes in Operating Assets and Liabilities, net		 -2.57 1.93 -5.02 2.17 -19 -0.12 17 -17 5.84 -23
Net Cash From Investing Activities		 -266 -350 -354 -276 -530 -571 -938 -209 -95 -417
Net Cash From Continuing Investing Activities		 -266 -350 -354 -276 -530 -571 -938 -209 -95 -417
Purchase of Property, Leasehold Improvements and Equipment		 -2.19 -1.24 -3.72 -16 -25 -0.78 -1.63 -2.97 -4.08 -5.85
Purchase of Investment Securities		 -351 -415 -399 -346 -582 -628 -1,040 -359 -346 -709
Sale and/or Maturity of Investments		 88 66 48 85 76 57 103 152 255 298
Net Cash From Financing Activities		 254 333 330 240 636 500 797 221 150 283
Net Cash From Continuing Financing Activities		 254 333 330 240 636 500 797 221 150 283
Net Change in Deposits		 196 316 222 262 678 445 470 293 119 234
Issuance of Debt		 20 53 70 43 147 29 172 680 997 1,313
Issuance of Preferred Equity		 - - - 0.00 0.00 67 0.00 0.00 0.00 0.00
Repayment of Debt		 -19 -16 -16 -32 -179 -37 -117 -457 -957 -1,258
Repurchase of Common Equity		 -0.19 - 0.00 -15 -10 -2.30 -11 -4.67 -5.27 -2.22
Payment of Dividends		 - - - - 0.00 -1.17 -4.05 -4.05 -4.05 -4.05
Other Financing Activities, Net		 31 -21 -4.89 -18 0.28 0.29 287 -286 0.13 1.23
Cash Interest Paid		 8.44 11 20 29 27 19 32 114 145 150
Cash Income Taxes Paid		 10 12 7.87 7.63 11 19 21 10 5.75 14

Quarterly Cash Flow Statements for Bridgewater Bancshares

This table details how cash moves in and out of Bridgewater Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 4.20 15 -9.26 58 38 -64 51 -86 -8.31 99 -52
Net Cash From Operating Activities		 -8.47 7.19 11 -5.99 35 7.12 4.00 9.38 6.98 16 9.96
Net Cash From Continuing Operating Activities		 -8.47 7.19 11 -5.99 35 7.12 4.00 9.38 6.74 16 9.96
Net Income / (Loss) Continuing Operations		 8.87 7.83 8.12 8.68 8.20 9.63 12 12 13 17 14
Consolidated Net Income / (Loss)		 8.87 7.83 8.12 8.68 8.20 9.63 12 12 13 17 14
Provision For Loan Losses		 -0.25 0.75 0.50 - 2.18 1.50 2.00 1.10 1.45 1.35 0.40
Depreciation Expense		 0.61 0.59 0.59 0.59 0.60 0.63 0.63 0.63 0.59 0.62 0.69
Amortization Expense		 0.06 -0.04 -0.28 -0.31 0.30 0.11 -0.59 -0.84 -0.44 -0.41 -0.68
Non-Cash Adjustments to Reconcile Net Income		 0.78 0.42 0.82 0.95 -0.45 -0.16 -0.94 -0.56 -0.71 -7.00 0.62
Changes in Operating Assets and Liabilities, net		 -19 -2.37 0.86 -16 24 -4.59 -8.62 -2.56 -7.48 4.03 -5.08
Net Cash From Investing Activities		 -41 -84 14 62 -87 -135 -108 -137 -37 162 -92
Net Cash From Continuing Investing Activities		 -41 -84 14 62 -87 -135 -108 -137 -37 162 -92
Purchase of Property, Leasehold Improvements and Equipment		 -0.18 -0.01 -0.19 -0.46 -3.42 -0.54 -1.17 -1.60 -2.54 -1.83 -0.64
Purchase of Investment Securities		 -55 -106 -39 -9.60 -104 -176 -188 -205 -154 -127 -130
Sale and/or Maturity of Investments		 14 22 53 72 21 42 80 70 119 280 38
Net Cash From Financing Activities		 54 91 -33 1.69 90 64 156 42 22 -79 30
Net Cash From Continuing Financing Activities		 54 91 -33 1.69 90 64 156 42 22 -79 30
Net Change in Deposits		 34 97 0.49 -60 82 76 74 56 28 -15 41
Issuance of Debt		 193 208 213 278 298 278 434 303 298 332 158
Repayment of Debt		 -168 -211 -243 -216 -288 -288 -350 -317 -303 -396 -168
Repurchase of Common Equity		 -4.67 -2.28 -2.90 -0.04 -0.05 -0.62 -1.57 -0.03 -0.00 -0.10 -0.70
Payment of Dividends		 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01
Other Financing Activities, Net		 -0.18 -0.01 -0.01 0.51 -0.36 0.05 0.19 0.88 0.11 0.11 0.85
Cash Interest Paid		 32 35 36 38 36 35 37 38 39 110 -43
Cash Income Taxes Paid		 1.46 - 2.63 2.86 0.27 0.00 - 4.40 3.92 0.00 -8.23

Annual Balance Sheets for Bridgewater Bancshares

This table presents Bridgewater Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,617 1,974 2,269 2,927 3,478 4,346 4,612 5,066 5,407
Cash and Due from Banks		 24 28 32 161 143 87 129 230 124
Trading Account Securities		 229 253 290 391 439 549 604 768 776
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 3,512 3,667 3,809 4,244
Premises and Equipment, Net		 10 13 28 51 49 48 49 50 52
Goodwill		 2.63 2.63 2.63 2.63 2.63 2.63 2.63 12 12
Intangible Assets		 1.24 1.05 0.86 0.67 0.48 0.29 0.19 7.85 6.93
Other Assets		 20 31 29 36 71 145 160 185 192
Total Liabilities & Shareholders' Equity		 1,617 1,974 2,269 2,927 3,478 4,346 4,612 5,066 5,407
Total Liabilities		 1,479 1,753 2,024 2,662 3,098 3,952 4,186 4,608 4,890
Non-Interest Bearing Deposits		 293 369 448 672 875 884 757 801 923
Interest Bearing Deposits		 1,047 1,192 1,376 1,830 2,071 2,532 2,953 3,286 3,397
Accrued Interest Payable		 1.41 1.81 1.98 1.62 1.41 2.83 5.28 4.01 3.23
Long-Term Debt		 110 164 174 142 135 190 413 453 508
Other Long-Term Liabilities		 6.17 8.37 25 16 16 56 59 65 58
Total Equity & Noncontrolling Interests		 137 221 245 265 379 394 426 458 517
Total Preferred & Common Equity		 137 221 245 265 379 394 426 458 517
Preferred Stock		 0.00 0.00 0.00 0.00 67 67 67 67 67
Total Common Equity		 137 221 245 265 313 328 359 391 451
Common Stock		 66 126 112 104 104 97 97 95 99
Retained Earnings		 70 96 128 155 199 249 281 309 351
Accumulated Other Comprehensive Income / (Loss)		 1.08 -1.57 4.77 6.58 9.01 -18 -18 -13 0.56

Quarterly Balance Sheets for Bridgewater Bancshares

This table presents Bridgewater Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 4,603 4,603 4,557 4,723 4,687 4,692 5,137 5,297 5,360 5,335 5,390
Cash and Due from Banks		 209 177 124 143 134 192 166 217 132 222 170
Trading Account Securities		 559 538 553 633 601 665 765 744 826 567 605
Loans and Leases, Net of Allowance		 0.00 3,678 3,664 3,727 3,742 3,629 3,959 4,082 4,150 4,302 4,361
Premises and Equipment, Net		 48 50 49 48 48 48 49 50 51 53 53
Goodwill		 2.63 2.63 2.63 2.63 2.63 2.63 12 12 12 12 12
Intangible Assets		 0.24 0.21 0.20 0.18 0.17 0.16 7.62 7.39 7.16 6.70 6.48
Other Assets		 157 156 162 169 159 156 174 180 178 173 183
Total Liabilities & Shareholders' Equity		 4,603 4,603 4,557 4,723 4,687 4,692 5,137 5,297 5,360 5,335 5,390
Total Liabilities		 4,201 4,194 4,141 4,289 4,248 4,239 4,668 4,820 4,863 4,807 4,842
Non-Interest Bearing Deposits		 742 751 754 698 705 713 792 788 823 829 831
Interest Bearing Deposits		 2,669 2,827 2,921 3,109 3,103 3,034 3,371 3,449 3,470 3,477 3,515
Accrued Interest Payable		 3.26 2.97 3.82 4.41 4.00 3.46 4.53 4.11 5.21 4.25 2.57
Long-Term Debt		 290 355 387 410 380 443 443 527 513 445 435
Other Long-Term Liabilities		 60 63 74 68 56 46 58 53 51 52 58
Total Equity & Noncontrolling Interests		 402 409 416 434 439 452 469 476 497 528 548
Total Preferred & Common Equity		 402 409 416 434 439 452 469 476 497 528 548
Preferred Stock		 67 67 67 67 67 67 67 67 67 67 67
Total Common Equity		 335 343 349 367 373 386 402 410 431 462 481
Common Stock		 98 99 100 95 93 95 96 95 97 100 101
Retained Earnings		 255 264 273 287 295 302 318 329 339 368 381
Accumulated Other Comprehensive Income / (Loss)		 -18 -21 -24 -16 -15 -11 -11 -14 -5.56 -5.78 -0.59

Annual Metrics And Ratios for Bridgewater Bancshares

This table displays calculated financial ratios and metrics derived from Bridgewater Bancshares' official financial filings.

Metric 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 30,064,374.00 28,781,162.00 28,281,741.00 28,066,822.00 - - - 27,584,732.00
DEI Adjusted Shares Outstanding		 0.00 0.00 30,064,374.00 28,781,162.00 28,281,741.00 28,066,822.00 - - - 27,584,732.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.90 1.09 0.96 1.63 - - - 1.67
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 0.00% 26.91% 18.64% 15.87% 20.33% 22.40% 18.47% -17.91% -1.89% 30.84%
EBITDA Growth		 0.00% 28.35% 17.83% 16.35% -5.16% 69.94% 13.70% -27.43% -20.15% 35.69%
EBIT Growth		 0.00% 27.14% 18.88% 19.23% -6.94% 72.64% 16.46% -26.76% -18.63% 40.47%
NOPAT Growth		 0.00% 27.80% 59.39% 16.65% -13.40% 68.00% 16.86% -25.16% -17.86% 40.41%
Net Income Growth		 0.00% 27.80% 59.39% 16.65% -13.40% 68.00% 16.86% -25.16% -17.86% 40.41%
EPS Growth		 0.00% 17.24% 33.82% 15.38% -11.43% 65.59% 11.69% -26.16% -18.90% 44.66%
Operating Cash Flow Growth		 0.00% 66.78% 18.09% 34.41% -41.76% 135.61% 56.72% -64.69% 54.51% -40.03%
Free Cash Flow Firm Growth		 0.00% 0.00% 51.69% 97.30% 1,387.62% -257.30% 73.11% -1,213.89% 81.35% -70.92%
Invested Capital Growth		 0.00% 0.00% 55.92% 8.94% -2.72% 26.09% 13.56% 43.57% 8.69% 12.56%
Revenue Q/Q Growth		 0.00% 0.00% 4.45% -16.49% 1.72% 29.21% 3.18% -6.61% 2.60% 6.97%
EBITDA Q/Q Growth		 0.00% 0.00% 3.25% -25.68% -13.21% 87.09% 1.24% -11.77% -1.08% 10.73%
EBIT Q/Q Growth		 0.00% 0.00% 3.51% -27.65% -15.39% 104.78% 1.55% -11.31% -1.66% 12.42%
NOPAT Q/Q Growth		 0.00% 0.00% 19.68% 2.65% -47.83% 171.78% 2.34% -10.85% -2.00% 12.53%
Net Income Q/Q Growth		 0.00% 0.00% 19.68% 2.65% -11.67% 19.75% 2.34% -10.85% -2.00% 12.53%
EPS Q/Q Growth		 0.00% 0.00% 13.75% 3.96% -11.43% 16.67% 3.61% -11.19% -2.83% 12.03%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 4.60% 1.12% -9.89% 10.76% -6.32% -30.38% 1,292.25% -49.81%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 92.55% 478.09% -383.54% -220.32% -0.88% 31.23% 8.37%
Invested Capital Q/Q Growth		 0.00% 0.00% 11.50% 0.78% -14.74% 1.29% 6.90% 4.31% 1.77% 1.46%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 53.61% 54.22% 53.84% 54.07% 42.62% 59.17% 56.79% 50.20% 40.86% 42.37%
EBIT Margin		 47.59% 47.68% 47.78% 49.16% 38.02% 53.63% 52.72% 47.03% 39.01% 41.88%
Profit (Net Income) Margin		 29.57% 29.78% 40.01% 40.28% 28.99% 39.79% 39.25% 35.79% 29.96% 32.15%
Tax Burden Percent		 62.14% 62.46% 83.75% 81.94% 76.25% 74.20% 74.46% 76.08% 76.81% 76.77%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 37.86% 37.54% 16.25% 18.06% 23.75% 25.80% 25.54% 23.92% 23.19% 23.23%
Return on Invested Capital (ROIC)		 0.00% 13.69% 8.53% 7.82% 6.58% 9.91% 9.73% 5.62% 3.75% 4.76%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 13.69% 8.53% 7.82% 6.58% 9.91% 9.73% 5.62% 3.75% 4.76%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 10.93% 6.50% 5.67% 4.08% 4.26% 4.08% 4.13% 3.68% 4.69%
Return on Equity (ROE)		 0.00% 24.63% 15.03% 13.48% 10.66% 14.17% 13.81% 9.75% 7.43% 9.45%
Cash Return on Invested Capital (CROIC)		 0.00% -186.31% -35.17% -0.75% 9.33% -13.17% -2.97% -30.16% -4.57% -7.06%
Operating Return on Assets (OROA)		 0.00% 1.67% 1.79% 1.81% 1.37% 1.92% 1.83% 1.17% 0.88% 1.15%
Return on Assets (ROA)		 0.00% 1.04% 1.50% 1.48% 1.05% 1.43% 1.36% 0.89% 0.68% 0.88%
Return on Common Equity (ROCE)		 0.00% 24.58% 15.02% 13.48% 10.66% 12.71% 11.43% 8.17% 6.31% 8.16%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 12.31% 12.18% 12.83% 10.25% 12.05% 13.55% 9.39% 7.17% 8.91%
Net Operating Profit after Tax (NOPAT)		 13 17 27 31 27 46 53 40 33 46
NOPAT Margin		 29.57% 29.78% 40.01% 40.28% 28.99% 39.79% 39.25% 35.79% 29.96% 32.15%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 31.12% 28.64% 31.17% 32.28% 30.73% 32.67% 32.90% 39.12% 43.03% 39.76%
Operating Expenses to Revenue		 45.13% 44.96% 46.91% 47.37% 48.39% 41.89% 41.62% 53.12% 57.78% 53.90%
Earnings before Interest and Taxes (EBIT)		 21 27 32 38 36 62 72 53 43 60
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 24 31 36 42 40 68 77 56 45 61
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.58 1.44 1.62 1.33 1.59 1.49 1.05 0.95 1.07
Price to Tangible Book Value (P/TBV)		 0.00 0.59 1.46 1.64 1.35 1.60 1.51 1.06 1.00 1.12
Price to Revenue (P/Rev)		 1.76 1.39 4.71 5.09 3.77 4.32 3.60 3.39 3.38 3.37
Price to Earnings (P/E)		 5.96 4.66 11.78 12.63 12.99 11.15 9.92 10.54 12.88 11.50
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 16.79% 21.45% 8.49% 7.92% 7.70% 8.97% 10.08% 9.48% 7.77% 8.69%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.65 1.17 1.28 0.81 1.07 1.13 0.87 0.72 0.91
Enterprise Value to Revenue (EV/Rev)		 0.00 2.85 6.67 6.88 3.54 4.81 4.83 6.53 5.99 6.52
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 5.25 12.40 12.72 8.30 8.13 8.51 13.01 14.65 15.39
Enterprise Value to EBIT (EV/EBIT)		 0.00 5.97 13.97 13.99 9.31 8.97 9.17 13.88 15.35 15.57
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 9.56 16.68 17.08 12.21 12.09 12.31 18.24 19.98 20.28
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 6.48 15.27 13.57 14.42 10.19 7.73 24.29 14.14 33.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 8.60 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.00 0.80 0.74 0.71 0.54 0.36 0.48 0.97 0.99 0.98
Long-Term Debt to Equity		 0.00 0.80 0.74 0.71 0.54 0.36 0.48 0.97 0.99 0.98
Financial Leverage		 0.00 0.80 0.76 0.73 0.62 0.43 0.42 0.73 0.98 0.99
Leverage Ratio		 0.00 11.79 10.02 9.11 10.18 9.94 10.12 10.93 10.96 10.74
Compound Leverage Factor		 0.00 11.79 10.02 9.11 10.18 9.94 10.12 10.93 10.96 10.74
Debt to Total Capital		 0.00% 44.40% 42.54% 41.58% 34.89% 26.21% 32.49% 49.23% 49.72% 49.57%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 44.40% 42.54% 41.58% 34.89% 26.21% 32.49% 49.23% 49.72% 49.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 12.94% 11.39% 7.94% 7.30% 6.49%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 55.50% 57.46% 58.42% 65.11% 60.85% 56.11% 42.84% 42.97% 43.95%
Debt to EBITDA		 0.00 3.56 4.52 4.13 3.56 1.98 2.46 7.36 10.12 8.37
Net Debt to EBITDA		 0.00 2.69 3.64 3.31 -0.53 -0.16 1.31 5.07 4.89 6.33
Long-Term Debt to EBITDA		 0.00 3.56 4.52 4.13 3.56 1.98 2.46 7.36 10.12 8.37
Debt to NOPAT		 0.00 6.49 6.08 5.55 5.23 2.95 3.55 10.32 13.80 11.03
Net Debt to NOPAT		 0.00 4.90 4.90 4.45 -0.78 -0.23 1.90 7.11 6.67 8.35
Long-Term Debt to NOPAT		 0.00 6.49 6.08 5.55 5.23 2.95 3.55 10.32 13.80 11.03
Noncontrolling Interest Sharing Ratio		 0.00% 0.18% 0.07% 0.00% 0.00% 10.32% 17.20% 16.23% 15.06% 13.64%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -230 -111 -3.00 39 -61 -16 -214 -40 -68
Operating Cash Flow to CapEx		 681.47% 2,016.36% 790.54% 253.85% 93.24% 6,980.18% 5,205.08% 1,010.61% 1,136.67% 475.66%
Free Cash Flow to Firm to Interest Expense		 0.00 -18.88 -5.42 -0.10 1.44 -3.13 -0.48 -1.83 -0.28 -0.46
Operating Cash Flow to Interest Expense		 1.75 2.05 1.44 1.33 0.86 2.80 2.50 0.26 0.32 0.19
Operating Cash Flow Less CapEx to Interest Expense		 1.50 1.94 1.25 0.81 -0.06 2.76 2.45 0.23 0.29 0.15
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.00 0.04 0.04 0.04 0.04 0.04 0.03 0.02 0.02 0.03
Fixed Asset Turnover		 0.00 5.61 5.80 3.83 2.39 2.29 2.78 2.29 2.23 2.84
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 0.00 247 385 419 408 514 584 838 911 1,025
Invested Capital Turnover		 0.00 0.46 0.21 0.19 0.23 0.25 0.25 0.16 0.13 0.15
Increase / (Decrease) in Invested Capital		 0.00 247 138 34 -11 106 70 254 73 114
Enterprise Value (EV)		 0.00 161 449 536 332 552 657 729 656 935
Market Capitalization		 79 79 317 397 353 497 489 379 371 484
Book Value per Share		 $0.00 $5.56 $7.35 $8.51 $9.38 $11.14 $11.87 $12.82 $14.27 $16.33
Tangible Book Value per Share		 $0.00 $5.41 $7.23 $8.38 $9.27 $11.03 $11.77 $12.72 $13.55 $15.65
Total Capital		 0.00 247 385 419 408 514 584 838 911 1,025
Total Debt		 0.00 110 164 174 142 135 190 413 453 508
Total Long-Term Debt		 0.00 110 164 174 142 135 190 413 453 508
Net Debt		 0.00 83 132 140 -21 -11 101 284 219 385
Capital Expenditures (CapEx)		 2.19 1.24 3.72 16 25 0.78 1.63 2.97 4.08 5.85
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 0.00 110 164 174 142 135 190 413 453 508
Total Depreciation and Amortization (D&A)		 2.69 3.71 4.08 3.83 4.31 6.36 5.54 3.54 2.03 0.71
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.59 $0.69 $0.93 $1.07 $0.95 $1.59 $1.78 $1.29 $1.05 $1.53
Adjusted Weighted Average Basic Shares Outstanding		 0.00 24.60M 30.10M 28.97M 28.13M 28.21M 27.76M 27.71M 27.60M 27.82M
Adjusted Diluted Earnings per Share		 $0.58 $0.68 $0.91 $1.05 $0.93 $1.54 $1.72 $1.27 $1.03 $1.49
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 24.60M 30.10M 28.97M 28.13M 28.21M 27.76M 27.71M 27.60M 27.82M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 24.60M 30.10M 28.97M 28.13M 28.21M 27.76M 27.71M 27.60M 27.82M
Normalized Net Operating Profit after Tax (NOPAT)		 13 17 27 31 27 46 53 40 33 46
Normalized NOPAT Margin		 29.57% 29.78% 40.01% 40.28% 28.99% 39.79% 39.25% 35.79% 29.96% 32.15%
Pre Tax Income Margin		 47.59% 47.68% 47.78% 49.16% 38.02% 53.63% 52.72% 47.03% 39.01% 41.88%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 2.50 2.22 1.57 1.29 1.33 3.18 2.11 0.45 0.30 0.40
NOPAT to Interest Expense		 1.55 1.39 1.31 1.06 1.01 2.36 1.57 0.34 0.23 0.31
EBIT Less CapEx to Interest Expense		 2.24 2.12 1.39 0.77 0.41 3.14 2.06 0.42 0.27 0.36
NOPAT Less CapEx to Interest Expense		 1.29 1.29 1.13 0.53 0.09 2.32 1.52 0.32 0.20 0.27
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 2.56% 7.59% 10.15% 12.35% 8.80%
Augmented Payout Ratio		 1.45% 0.00% 0.00% 47.64% 38.00% 7.60% 27.99% 21.83% 28.40% 13.62%

Quarterly Metrics And Ratios for Bridgewater Bancshares

This table displays calculated financial ratios and metrics derived from Bridgewater Bancshares' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - 27,596,315.00 27,439,946.00 27,482,534.00 27,584,732.00 27,824,165.00 27,883,367.00
DEI Adjusted Shares Outstanding		 - - - - - 27,596,315.00 27,439,946.00 27,482,534.00 27,584,732.00 27,824,165.00 27,883,367.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - 0.35 0.42 0.42 0.48 0.63 0.50
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -22.84% -14.19% -1.94% -0.10% 10.39% 23.32% 34.83% 33.30% 31.64% 43.13% 13.33%
EBITDA Growth		 -38.60% -35.87% -21.77% -12.91% -4.10% 24.01% 38.93% 27.92% 51.57% 72.14% 21.62%
EBIT Growth		 -37.34% -35.24% -18.07% -9.18% -6.41% 23.52% 42.54% 32.88% 63.10% 80.55% 21.85%
NOPAT Growth		 -35.40% -32.73% -17.33% -9.91% -7.54% 23.01% 41.96% 33.73% 62.53% 80.69% 21.59%
Net Income Growth		 -35.40% -32.73% -17.33% -9.91% -7.54% 23.01% 41.96% 33.73% 62.53% 80.69% 21.59%
EPS Growth		 -35.56% -35.14% -16.13% -10.00% -10.34% 29.17% 46.15% 40.74% 61.54% 87.10% 18.42%
Operating Cash Flow Growth		 -282.89% -7.86% -28.94% -137.97% 508.33% -0.89% -62.30% 256.63% -79.82% 124.59% 178.80%
Free Cash Flow Firm Growth		 -338.53% 13.07% 79.43% 66.51% 73.68% 59.34% -263.49% -25.29% -56.48% 25.26% 119.99%
Invested Capital Growth		 43.57% 21.97% 7.26% 11.40% 8.69% 8.09% 22.42% 12.91% 12.56% 6.71% -2.04%
Revenue Q/Q Growth		 -1.56% -2.03% 2.21% 1.35% 8.77% 9.45% 11.74% 0.20% 7.42% 18.99% -11.51%
EBITDA Q/Q Growth		 -10.96% -10.11% 1.15% 6.56% -1.95% 17.34% 13.32% -1.89% 16.18% 33.27% -19.93%
EBIT Q/Q Growth		 -10.21% -9.73% 3.69% 6.98% -7.46% 20.34% 19.66% -0.28% 13.59% 33.21% -19.24%
NOPAT Q/Q Growth		 -7.85% -11.74% 3.63% 6.90% -5.43% 17.42% 19.59% 0.70% 14.94% 30.54% -19.53%
Net Income Q/Q Growth		 -7.85% -11.74% 3.63% 6.90% -5.43% 17.42% 19.59% 0.70% 14.94% 30.54% -19.53%
EPS Q/Q Growth		 -3.33% -17.24% 8.33% 3.85% -3.70% 19.23% 22.58% 0.00% 10.53% 38.10% -22.41%
Operating Cash Flow Q/Q Growth		 -153.71% 184.85% 47.53% -156.47% 677.63% -79.41% -46.46% 134.63% -25.59% 129.22% -37.75%
Free Cash Flow Firm Q/Q Growth		 0.91% 41.27% 67.13% -75.06% 22.12% 9.26% -193.84% 39.66% 2.74% 56.66% 178.61%
Invested Capital Q/Q Growth		 4.31% 0.68% -2.88% 9.22% 1.77% 0.12% 10.00% 0.73% 1.46% -5.08% 0.98%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 44.52% 41.24% 40.81% 42.91% 38.68% 41.47% 42.05% 41.18% 44.53% 49.88% 45.13%
EBIT Margin		 42.04% 39.12% 39.69% 41.89% 35.64% 39.18% 41.96% 41.76% 44.15% 49.43% 45.11%
Profit (Net Income) Margin		 33.20% 29.91% 30.33% 31.99% 27.81% 29.84% 31.93% 32.09% 34.34% 37.67% 34.26%
Tax Burden Percent		 78.99% 76.46% 76.41% 76.36% 78.04% 76.14% 76.10% 76.85% 77.76% 76.21% 75.94%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.01% 23.54% 23.59% 23.64% 21.96% 23.86% 23.90% 23.15% 22.24% 23.79% 24.06%
Return on Invested Capital (ROIC)		 5.22% 4.18% 4.09% 4.02% 3.48% 3.93% 4.38% 4.51% 5.08% 6.28% 5.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.22% 4.18% 4.09% 4.02% 3.48% 3.93% 4.38% 4.51% 5.08% 6.28% 5.59%
Return on Net Nonoperating Assets (RNNOA)		 3.83% 3.50% 3.54% 3.85% 3.41% 3.72% 4.34% 4.54% 5.01% 5.59% 5.25%
Return on Equity (ROE)		 9.05% 7.68% 7.64% 7.87% 6.90% 7.65% 8.72% 9.06% 10.10% 11.88% 10.84%
Cash Return on Invested Capital (CROIC)		 -30.16% -15.09% -2.66% -6.84% -4.57% -3.83% -15.99% -7.83% -7.06% -0.78% 7.73%
Operating Return on Assets (OROA)		 1.05% 0.90% 0.91% 0.97% 0.81% 0.92% 1.05% 1.11% 1.21% 1.48% 1.37%
Return on Assets (ROA)		 0.83% 0.69% 0.70% 0.74% 0.63% 0.70% 0.80% 0.86% 0.94% 1.13% 1.04%
Return on Common Equity (ROCE)		 7.58% 6.46% 6.44% 6.66% 5.86% 6.52% 7.45% 7.79% 8.72% 10.29% 9.43%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 8.34% 7.84% 7.41% 0.00% 7.38% 7.99% 8.23% 0.00% 10.19% 10.28%
Net Operating Profit after Tax (NOPAT)		 8.87 7.83 8.12 8.68 8.20 9.63 12 12 13 17 14
NOPAT Margin		 33.20% 29.91% 30.33% 31.99% 27.81% 29.84% 31.93% 32.09% 34.34% 37.67% 34.26%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 42.75% 42.87% 43.19% 42.97% 43.08% 41.97% 37.96% 40.91% 38.52% 35.17% 40.53%
Operating Expenses to Revenue		 58.90% 58.02% 58.07% 58.11% 56.99% 56.17% 52.50% 55.20% 52.11% 47.98% 53.54%
Earnings before Interest and Taxes (EBIT)		 11 10 11 11 11 13 15 15 17 23 18
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 11 11 12 11 13 15 15 17 23 18
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.05 0.88 0.85 1.00 0.95 0.95 1.07 1.12 1.07 1.07 1.22
Price to Tangible Book Value (P/TBV)		 1.06 0.89 0.86 1.01 1.00 1.00 1.12 1.17 1.12 1.11 1.27
Price to Revenue (P/Rev)		 3.39 3.00 2.98 3.63 3.38 3.31 3.49 3.61 3.37 3.13 3.62
Price to Earnings (P/E)		 10.54 10.05 10.46 13.16 12.88 12.54 12.85 13.11 11.50 9.89 11.22
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 9.48% 9.95% 9.56% 7.60% 7.77% 7.98% 7.78% 7.63% 8.69% 10.11% 8.91%
Enterprise Value to Invested Capital (EV/IC)		 0.87 0.78 0.77 0.79 0.72 0.79 0.81 0.92 0.91 0.80 0.93
Enterprise Value to Revenue (EV/Rev)		 6.53 6.11 5.90 6.60 5.99 6.25 6.47 6.92 6.52 4.97 5.67
Enterprise Value to EBITDA (EV/EBITDA)		 13.01 13.11 13.42 15.58 14.65 15.26 15.67 16.91 15.39 11.10 12.46
Enterprise Value to EBIT (EV/EBIT)		 13.88 13.97 14.13 16.22 15.35 16.00 16.28 17.38 15.57 11.13 12.49
Enterprise Value to NOPAT (EV/NOPAT)		 18.24 18.14 18.30 21.05 19.98 20.87 21.26 22.65 20.28 14.51 16.30
Enterprise Value to Operating Cash Flow (EV/OCF)		 24.29 22.31 25.13 211.66 14.14 15.60 20.19 16.74 33.61 21.31 21.32
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.96
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.97 0.95 0.87 0.98 0.99 0.94 1.11 1.03 0.98 0.84 0.79
Long-Term Debt to Equity		 0.97 0.95 0.87 0.98 0.99 0.94 1.11 1.03 0.98 0.84 0.79
Financial Leverage		 0.73 0.84 0.87 0.96 0.98 0.95 0.99 1.01 0.99 0.89 0.94
Leverage Ratio		 10.93 11.16 10.95 10.65 10.96 10.92 10.90 10.58 10.74 10.50 10.43
Compound Leverage Factor		 10.93 11.16 10.95 10.65 10.96 10.92 10.90 10.58 10.74 10.50 10.43
Debt to Total Capital		 49.23% 48.61% 46.40% 49.48% 49.72% 48.58% 52.52% 50.77% 49.57% 45.70% 44.25%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 49.23% 48.61% 46.40% 49.48% 49.72% 48.58% 52.52% 50.77% 49.57% 45.70% 44.25%
Preferred Equity to Total Capital		 7.94% 7.88% 8.12% 7.43% 7.30% 7.29% 6.63% 6.58% 6.49% 6.83% 6.77%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 42.84% 43.51% 45.48% 43.09% 42.97% 44.13% 40.85% 42.65% 43.95% 47.46% 48.98%
Debt to EBITDA		 7.36 8.20 8.09 9.79 10.12 9.35 10.21 9.35 8.37 6.32 5.90
Net Debt to EBITDA		 5.07 5.33 5.24 5.55 4.89 5.76 5.92 6.88 6.33 3.16 3.60
Long-Term Debt to EBITDA		 7.36 8.20 8.09 9.79 10.12 9.35 10.21 9.35 8.37 6.32 5.90
Debt to NOPAT		 10.32 11.35 11.04 13.22 13.80 12.79 13.86 12.53 11.03 8.26 7.72
Net Debt to NOPAT		 7.11 7.38 7.15 7.49 6.67 7.87 8.03 9.22 8.35 4.13 4.70
Long-Term Debt to NOPAT		 10.32 11.35 11.04 13.22 13.80 12.79 13.86 12.53 11.03 8.26 7.72
Noncontrolling Interest Sharing Ratio		 16.23% 15.92% 15.68% 15.32% 15.06% 14.74% 14.53% 14.01% 13.64% 13.34% 12.99%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -245 -144 -47 -83 -65 -59 -172 -104 -101 -44 34
Operating Cash Flow to CapEx		 -4,627.32% 119,750.00% 5,638.30% -1,290.09% 1,010.43% 1,328.54% 342.71% 585.63% 274.25% 875.85% 1,560.50%
Free Cash Flow to Firm to Interest Expense		 -7.38 -4.24 -1.32 -2.22 -1.78 -1.65 -4.69 -2.63 -2.69 -1.31 1.01
Operating Cash Flow to Interest Expense		 -0.25 0.21 0.30 -0.16 0.95 0.20 0.11 0.24 0.19 0.48 0.29
Operating Cash Flow Less CapEx to Interest Expense		 -0.26 0.21 0.29 -0.17 0.86 0.19 0.08 0.20 0.12 0.43 0.27
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 2.29 2.23 2.19 2.20 2.23 2.37 2.55 2.71 2.84 3.08 3.16
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 838 844 819 895 911 912 1,003 1,011 1,025 973 983
Invested Capital Turnover		 0.16 0.14 0.13 0.13 0.13 0.13 0.14 0.14 0.15 0.17 0.16
Increase / (Decrease) in Invested Capital		 254 152 55 92 73 68 184 116 114 61 -20
Enterprise Value (EV)		 729 656 630 705 656 722 809 928 935 782 918
Market Capitalization		 379 323 318 388 371 383 437 484 484 492 587
Book Value per Share		 $12.82 $13.25 $13.62 $14.10 $14.27 $14.58 $14.93 $15.68 $16.33 $16.60 $17.26
Tangible Book Value per Share		 $12.72 $13.15 $13.51 $14.00 $13.55 $13.87 $14.23 $14.98 $15.65 $15.93 $16.60
Total Capital		 838 844 819 895 911 912 1,003 1,011 1,025 973 983
Total Debt		 413 410 380 443 453 443 527 513 508 445 435
Total Long-Term Debt		 413 410 380 443 453 443 527 513 508 445 435
Net Debt		 284 267 246 251 219 273 306 378 385 223 265
Capital Expenditures (CapEx)		 0.18 0.01 0.19 0.46 3.42 0.54 1.17 1.60 2.54 1.83 0.64
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 413 410 380 443 453 443 527 513 508 445 435
Total Depreciation and Amortization (D&A)		 0.67 0.56 0.30 0.28 0.90 0.74 0.04 -0.21 0.15 0.21 0.01
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.28 $0.25 $0.26 $0.28 $0.26 $0.31 $0.38 $0.38 $0.46 $0.59 $0.47
Adjusted Weighted Average Basic Shares Outstanding		 27.71M 27.37M 27.35M 27.43M 27.60M 27.44M 27.48M 27.58M 27.82M 27.88M 27.88M
Adjusted Diluted Earnings per Share		 $0.29 $0.24 $0.26 $0.27 $0.26 $0.31 $0.38 $0.38 $0.42 $0.58 $0.45
Adjusted Weighted Average Diluted Shares Outstanding		 27.71M 27.37M 27.35M 27.43M 27.60M 27.44M 27.48M 27.58M 27.82M 27.88M 27.88M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.71M 27.37M 27.35M 27.43M 27.60M 27.44M 27.48M 27.58M 27.82M 27.88M 27.88M
Normalized Net Operating Profit after Tax (NOPAT)		 8.87 7.83 8.12 8.68 8.20 9.63 12 12 13 17 14
Normalized NOPAT Margin		 33.20% 29.91% 30.33% 31.99% 27.81% 29.84% 31.93% 32.09% 34.34% 37.67% 34.26%
Pre Tax Income Margin		 42.04% 39.12% 39.69% 41.89% 35.64% 39.18% 41.96% 41.76% 44.15% 49.43% 45.11%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.34 0.30 0.30 0.30 0.29 0.36 0.41 0.38 0.46 0.69 0.54
NOPAT to Interest Expense		 0.27 0.23 0.23 0.23 0.23 0.27 0.31 0.29 0.35 0.52 0.41
EBIT Less CapEx to Interest Expense		 0.33 0.30 0.29 0.29 0.20 0.34 0.38 0.34 0.39 0.63 0.52
NOPAT Less CapEx to Interest Expense		 0.26 0.23 0.22 0.22 0.13 0.26 0.28 0.25 0.29 0.47 0.39
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 10.15% 11.21% 11.77% 12.10% 12.35% 11.71% 10.66% 9.90% 8.80% 7.53% 7.19%
Augmented Payout Ratio		 21.83% 30.43% 40.35% 41.61% 28.40% 22.14% 16.66% 15.45% 13.62% 10.69% 8.67%

Financials Breakdown Chart

Key Financial Trends

Bridgewater Bancshares (NASDAQ: BWB) showed solid profitability in Q1 2026, with net income of $17.4 million, up from $13.3 million in Q4 2025 and $9.6 million in Q1 2025. The quarter also featured strong operating cash flow and a very large increase in cash from investing activity, although margins remain pressured by high interest expense and the balance sheet shows continued reliance on deposits and debt funding.

  • Q1 2026 net income rose to $17.4 million, up from $13.3 million in Q4 2025 and $9.6 million in Q1 2025.
  • Diluted EPS improved to $0.58 from $0.42 in Q4 2025 and $0.31 a year ago.
  • Net interest income increased to $36.6 million in Q1 2026, a modest improvement from $35.7 million in Q4 2025.
  • Non-interest income jumped to $9.6 million from $3.1 million in the prior quarter, helped by stronger realized/unrealized gains and service charges.
  • Operating cash flow was strong at $16.0 million in Q1 2026, up from $7.0 million in Q4 2025 and $7.1 million in Q1 2025.
  • The company ended Q1 2026 with $222.2 million in cash and due from banks, up meaningfully from $219.5 million in Q4 2025 and $166.2 million in Q1 2025.
  • Total assets were essentially stable at $5.34 billion, versus $5.30 billion in Q2 2025 and $5.36 billion in Q3 2025.
  • Loan balances were slightly higher quarter over quarter, with net loans and leases at $4.30 billion versus $4.08 billion in Q2 2025.
  • The bank continued to pay preferred dividends of about $1.0 million per quarter, which reduces earnings available to common shareholders.
  • Interest expense remains heavy: Q1 2026 cash interest paid was $110.4 million, far above quarterly net income, underscoring funding-cost pressure.

Longer-term trend: Bridgewater has generally grown earnings from the 2023–2024 period into 2025–2026, but performance has been somewhat uneven quarter to quarter. Net interest income has improved from the low-$30 million range in 2023 to the mid-$30 million range recently, while non-interest income has been more volatile. The biggest ongoing challenge is expense pressure from deposits and debt, which has kept net interest margins from expanding more quickly.

Balance sheet quality appears mixed. Deposits remained the main funding source, with non-interest-bearing deposits at $828.8 million and interest-bearing deposits at $3.48 billion in Q1 2026. Total liabilities were $4.81 billion versus equity of $528.4 million, suggesting a typical bank leverage profile, but also leaving less room for error if credit quality weakens or funding costs stay elevated.

Bottom line: Bridgewater Bancshares entered 2026 with improving profitability and good liquidity, but investors should keep an eye on funding costs, deposit trends, and whether the recent earnings momentum can continue without relying on investment gains or higher debt usage.

07/31/26 01:33 PM ETAI Generated. May Contain Errors.

Bridgewater Bancshares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bridgewater Bancshares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Bridgewater Bancshares' net income appears to be on an upward trend, with a most recent value of $46.09 million in 2025, rising from $13.22 million in 2016. The previous period was $32.83 million in 2024.

Over the last 9 years, Bridgewater Bancshares' total revenue changed from $44.69 million in 2016 to $143.35 million in 2025, a change of 220.8%.

Bridgewater Bancshares' total liabilities were at $4.89 billion at the end of 2025, a 6.1% increase from 2024, and a 230.5% increase since 2017.

In the past 8 years, Bridgewater Bancshares' cash and equivalents has ranged from $23.73 million in 2017 to $229.76 million in 2024, and is currently $123.51 million as of their latest financial filing in 2025.

Over the last 9 years, Bridgewater Bancshares' book value per share changed from 0.00 in 2016 to 16.33 in 2025, a change of 1,633.4%.


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Financial statements for NASDAQ:BWBBP last updated on 7/30/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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