Bridgewater Bancshares Inc
NASDAQ:BWB
Bridgewater Bancshares Inc
Bridgewater Bancshares, Inc. is a holding company, which provides retail and commercial loan and deposit services. The company is headquartered in Saint Louis Park, Minnesota and currently employs 223 full-time employees. The company went IPO on 2018-03-14. The firm operates through its subsidiaries, including Bridgewater Bank (the Bank) and Bridgewater Risk Management, Inc. The Bank provides retail and commercial loan and deposit services, principally to customers within the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area. Bridgewater Risk Management, Inc. is an insurance company. The company ensures the Company and its subsidiaries against certain risks to the operations of the Company. Bridgewater Risk Management pools resources with several other insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. The company offers commercial real estate lending, construction lending, tax bridge financing, multi-family financing, commercial and industrial lending, business banking, business/cash management services, personal banking, and HELOC.
Bridgewater Bancshares, Inc. is a holding company, which provides retail and commercial loan and deposit services. The company is headquartered in Saint Louis Park, Minnesota and currently employs 223 full-time employees. The company went IPO on 2018-03-14. The firm operates through its subsidiaries, including Bridgewater Bank (the Bank) and Bridgewater Risk Management, Inc. The Bank provides retail and commercial loan and deposit services, principally to customers within the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area. Bridgewater Risk Management, Inc. is an insurance company. The company ensures the Company and its subsidiaries against certain risks to the operations of the Company. Bridgewater Risk Management pools resources with several other insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. The company offers commercial real estate lending, construction lending, tax bridge financing, multi-family financing, commercial and industrial lending, business banking, business/cash management services, personal banking, and HELOC.
Loan & Deposit Growth: Bridgewater Bancshares saw strong annualized loan and core deposit growth of about 9% in Q4, with full-year loan growth of 11.4%, surpassing initial guidance.
Net Interest Margin: Net interest margin expanded by 12 basis points to 2.75% in Q4, and management now expects to reach a 3% margin by the end of 2026, earlier than previously guided.
Profitability: Total revenue grew by 32% year-over-year, and the adjusted efficiency ratio improved to 50.7%, the best level since early 2023, reflecting both revenue gains and good expense control.
Asset Quality: Asset quality remains strong despite a slight uptick in nonperforming assets and net charge-offs, both tied to isolated cases; net charge-offs for the year remained very low at 0.04%.
Affordable Housing Expansion: The affordable housing loan portfolio grew 29% for the year, now representing roughly 15% of total loans, and will continue to be a focus.
Strategic Outlook: Management remains optimistic about continued profitable growth, market share gains in the Twin Cities, technology investments, and affordable housing expansion going into 2026.
