Bridgewater Bancshares, Inc. (BWB)

Bridgewater Bancshares, Inc. announced its Fourth Quarter 2025 financial results, reporting net income of $13.3 million ($0.43 diluted) and adjusted net income of $13.5 million ($0.44 diluted), with net interest income of $35.7 million and a net interest margin of 2.75%. First Quarter 2026 financial results showed net income rose to $17.4 million ($0.58 diluted), and net interest income increased to $36.6 million, with the net interest margin expanding to 2.99%. During Q1 2026, the company sold $208.5 million of securities, realizing a $7.3 million pre-tax gain, and prepaid $97.5 million of FHLB advances. Core deposits grew, and nonperforming assets fell to 0.22% of assets. An at-the-market offering for up to $50 million of common stock was also launched. In February 2026, Bridgewater Bank announced the opening of a new branch in Lake Elmo. Over the last six months, BWB's stock has seen an 11.3% increase. The stock price has also shown movements relative to its 15-day and 50-day moving averages.

The second quarter is typically observed as seasonally low for deposits for Bridgewater Bancshares, Inc.'s products and services, attributed to factors such as tax season and general industry cyclicality.

Bridgewater Bancshares, Inc. is a financial holding company operating through Bridgewater Bank, offering personal and commercial banking products and services. The company provides deposit products, lending solutions focused on commercial lending, treasury management services, digital wallets, credit and debit cards, money transfer services, safe deposit lockers, and online, mobile, and direct banking channels. Bridgewater Bancshares caters to commercial clients with tailored loan and deposit products.

Bridgewater Bancshares, Inc. primarily operates within the Twin Cities Metropolitan Statistical Area in the United States. As of December 31, 2024, the company had nine full-service offices in Bloomington, Greenwood, Minneapolis (two locations), St. Louis Park, Orono, and St. Paul, Minnesota. Its corporate office is located in St. Louis Park, MN.

Bridgewater Bancshares, Inc. has maintained a positive brand reputation, receiving numerous awards for its banking services and corporate culture. The company's brand and reputation continue to build, particularly in the affordable housing vertical. There is no readily available information indicating any significant negative events that have affected Bridgewater Bancshares, Inc.'s reputation in the past year.

Major institutional owners of Bridgewater Bancshares, Inc. include Thrivent Investment Management Inc., BlackRock, Inc., AllianceBernstein L.P., The Vanguard Group, Inc., and State Street Global Advisors, Inc. Other notable institutional holders include Dimensional Fund Advisors LP, American Century Companies, Geode Capital Management, Punch & Associates Investment Management Inc., and Rhino Investment Partners, Inc. Individual insiders collectively own 20.1% of the shares, amounting to 5,612,795 shares. Key individual shareholders include Mr. David B. Juran, Mr. Jerry J. Baack, and Mr. Todd B. Urness.