BWB
Bridgewater Bancshares, Inc.18.60
-0.09-0.48%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
513.08MP/E (TTM)
14.09Basic EPS (TTM)
1.32Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Bridgewater Bancshares posted solid Q3 2025 results, with net interest income climbing 33% year-over-year to $34.1 million, fueled by loan growth and higher yields, while net income hit $11.6 million, up 34% from last year. Diluted EPS rose to $0.38 from $0.27, backed by 11% average loan expansion to $4.13 billion and a net interest margin of 2.63%, up 39 basis points. Gross margin held steady amid rising deposit costs, but operating income surged on efficient expense control. Liquidity stays robust with $132 million in cash and $494 million FHLB availability; total debt includes $405 million FHLB advances and $109 million subordinated debentures. The FMCB acquisition added branches and boosted deposits. Yet competition in the Twin Cities banking scene pressures margins.
8-K
Q3 earnings show growth
Bridgewater Bancshares reported Q3 2025 net income of $11.6 million, or $0.38 per diluted share, with net interest income up 5.1% to $34.1 million and margin expanding to 2.63%. Loans grew $68.8 million to $4.21 billion while core deposits surged $92.1 million to support the balance sheet; asset quality held steady at 0.19% nonperformers. Yet integration costs linger from the FMCB deal.
8-K
Strong Q2 loan surge
Bridgewater Bancshares released its August 21, 2025 investor presentation, highlighting robust organic growth in the Twin Cities market. Loans hit $4.1 billion as of June 30, 2025, up 12.5% annualized in Q2, fueled by multifamily and affordable housing expertise amid M&A disruptions. Core deposits surged 23.2% year-over-year, supporting a 2.62% net interest margin. Growth accelerates, yet credit risks linger in CRE.
8-K
Leadership transitions announced
Bridgewater Bancshares announced executive transitions on August 19, 2025, with Chief Strategy Officer Mary Jayne Crocker retiring February 15, 2026, and Chief Credit Officer Jeffrey Shellberg stepping down to Deputy role September 15, 2025, before retiring October 9, 2026; both will join the board post-retirement. Promotions effective September 15 elevate Katie Morrell to Chief Credit Officer, Jessica Stejskal to Chief Experience Officer, and Laura Espeseth to Chief Administrative Officer, ensuring leadership continuity. This succession bolsters internal talent amid growth to $5.3 billion in assets.
10-Q
Q2 FY2025 results
Bridgewater Bancshares posted solid Q2 FY2025 results, with net interest income climbing 30% year-over-year to $32.5M on stronger loan yields and portfolio growth, while diluted EPS rose to $0.38 from $0.26. Gross margin held steady at 2.62% (derived), up 38 basis points y/y, fueled by higher core loan yields of 5.74% versus 5.50% last year, though provision for credit losses jumped to $2.0M from $600K amid loan expansion. Liquidity looks robust, with $217.5M in cash and $490.7M available on FHLB lines, plus $80.0M in new subordinated notes issued in June to redeem prior debt and support operations. The December 2024 FMCB acquisition added branches and boosted deposits to $4.24B, up 11% y/y. Yet competition in the Twin Cities banking scene keeps pressure on margins.
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