BWB · Bridgewater Bancshares Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $618.0K | - | - | - | $627.0K | - | - | - | $593.0K | - |
| Operating Income | $22.84M | - | $15.10M | $15.14M | $12.65M | - | $11.36M | $10.62M | $10.24M | - |
| Interest Expense | - | - | - | - | - | - | - | - | $34.04M | - |
| Income Tax | $5.43M | - | $3.50M | $3.62M | $3.02M | - | $2.69M | $2.50M | $2.41M | - |
| Net Income | $17.41M | - | $11.60M | $11.52M | $9.63M | $373.0K | $8.68M | $8.12M | $7.83M | - |
| EPS - Basic | $0.59 | - | $0.38 | $0.38 | $0.31 | - | $0.28 | $0.26 | $0.25 | - |
| EPS - Diluted | $0.58 | - | $0.38 | $0.38 | $0.31 | - | $0.27 | $0.26 | $0.24 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $222.15M | $123.51M | $131.82M | $217.50M | $166.21M | $229.76M | $191.86M | $134.09M | $143.35M | $128.56M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $5.34B | $5.41B | $5.36B | $5.30B | $5.14B | $5.07B | $4.69B | $4.69B | $4.72B | $4.61B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $4.81B | $4.89B | $4.86B | $4.82B | $4.67B | $4.61B | $4.24B | $4.25B | $4.29B | $4.19B |
| Stockholders' Equity | $528.42M | $517.10M | $497.46M | $476.28M | $468.98M | $457.94M | $452.20M | $439.24M | $433.61M | $425.51M |
| Retained Earnings | $367.85M | $351.45M | $339.13M | $328.55M | $318.04M | $309.42M | $302.23M | $294.57M | $287.47M | $280.65M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $15.99M | - | - | - | $7.46M | - | - | - | $7.18M | - |
| Investing Cash Flow | $162.01M | - | - | - | ($135.12M) | - | - | - | ($83.87M) | - |
| Financing Cash Flow | ($79.36M) | - | - | - | $64.11M | - | - | - | $91.48M | - |
| CapEx | $1.83M | - | - | - | $536.0K | - | - | - | $6.0K | - |
| Free Cash Flow | $14.17M | - | - | - | $6.93M | - | - | - | $7.18M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.81 | - | - | - | 0.72 | - | - | - | 0.92 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 23.8% | - | 23.2% | 23.9% | 23.9% | - | 23.6% | 23.6% | 23.5% | - |
| Return on assets | 0.3% | - | 0.2% | 0.2% | 0.2% | 0.0% | 0.2% | 0.2% | 0.2% | - |
| Return on equity | 3.3% | - | 2.3% | 2.4% | 2.1% | 0.1% | 1.9% | 1.8% | 1.8% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | 0.3x | - |
| Equity multiplier | 10.10 | 10.46 | 10.77 | 11.12 | 10.95 | 11.06 | 10.37 | 10.67 | 10.89 | 10.84 |
| Liabilities / Assets | 0.90 | 0.90 | 0.91 | 0.91 | 0.91 | 0.91 | 0.90 | 0.91 | 0.91 | 0.91 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 30.5x | - | 46.3x | 41.9x | 44.8x | - | 52.5x | 44.7x | 48.5x | - |
| P / B | 1.0x | - | 1.0x | 0.9x | 0.8x | - | 0.9x | 0.7x | 0.8x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | 12.0x | - | - | - | 16.8x | - | - | - | 16.9x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 80.5% | - | 32.9% | 42.5% | 23.5% | - | -8.4% | -17.3% | -34.8% | - |
| Net income growth (YoY) | 80.7% | - | 33.7% | 42.0% | 23.0% | - | -9.9% | -17.3% | -32.7% | - |
| EPS growth (YoY) | 87.1% | - | 40.7% | 46.2% | 29.2% | - | -10.0% | -16.1% | -35.1% | - |
| EPS CAGR (3y) | 16.2% | - | -6.8% | -2.5% | -7.4% | - | -12.3% | -11.9% | -13.4% | - |
| EPS CAGR (5y) | 9.4% | - | 8.7% | 7.9% | 4.4% | - | 0.0% | 0.0% | 0.9% | - |
| FCF growth (YoY) | 104.5% | - | - | - | -3.5% | - | - | - | -7.9% | - |
| FCF CAGR (5y) | -7.1% | - | - | - | - | - | - | - | 1.0% | - |
| Book value growth (YoY) | 12.7% | 12.9% | 10.0% | 8.4% | 8.2% | 7.6% | 8.7% | 7.4% | 7.9% | 8.0% |
Peer comparison
Same SIC group: State Commercial Banks
Comparing Bridgewater Bancshares Inc against the 5 most active filers in the same SIC group.