Bridgewater Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	233.19	204.73	191.4	146.26	118.85
Interest Income on Investments	48.66	41.17	30.95	17.44	10.03
Total Interest Income	281.85	245.9	222.36	163.7	128.88
Interest Paid on Deposits	131.42	128.81	96.05	23.38	13.84
Interest Paid on Borrowings	17.99	14.9	21.14	10.62	5.53
Total Interest Expense	149.41	143.71	117.18	34	19.37
Net Interest Income	132.44	102.19	105.17	129.7	109.51
Net Interest Income Growth (YoY)	29.60%	-2.83%	-18.91%	18.44%	24.49%
Gain (Loss) on Sale of Investments	0.61	0.39	-0.03	-0.33	0.19
Other Non-Interest Income	10.3	6.92	6.53	6.25	4.56
Total Non-Interest Income	10.92	7.37	6.49	5.92	4.75
Non-Interest Income Growth (YoY)	48.14%	13.48%	9.61%	24.80%	-6.94%
Revenues Before Loan Losses	143.35	109.56	111.67	135.62	114.26
Provision for Loan Losses	6.05	3.53	-0.18	7.7	5.15
Revenue	137.3	106.04	111.84	127.92	109.11
Revenue Growth (YoY)	29.49%	-5.19%	-12.57%	17.25%	35.85%
Salaries and Employee Benefits	47.4	35.66	32.58	33.6	28.46
Occupancy Expenses	4.95	3.54	3.63	3.6	3.86
Federal Deposit Insurance	2.75	2.96	3.69	1.37	1.31
Amortization of Goodwill & Intangibles	0.92	0.08	0.1	0.19	0.19
Selling, General & Administrative	13.32	15.15	13.45	12.72	9.87
Other Non-Interest Expense	7.95	5.91	5.87	4.74	3.26
Total Non-Interest Expense	77.27	63.3	59.32	56.21	46.95
EBT Excluding Unusual Items	60.03	42.74	52.52	71.71	62.16
Other Unusual Items	-	-	-	-	-0.58
Pretax Income	60.03	42.74	52.52	71.71	61.57
Income Tax Expense	13.94	9.91	12.56	18.32	15.89
Net Income	46.09	32.83	39.96	53.39	45.69
Preferred Dividends & Other Adjustments	4.05	4.05	4.05	4.05	1.17
Net Income to Common	42.03	28.77	35.91	49.34	44.52
Net Income Growth	40.41%	-17.85%	-25.16%	16.86%	68.00%
Basic Shares Outstanding	27	27	28	28	28
Diluted Shares Outstanding	28	28	28	29	29
Shares Change (YoY)	0.81%	-1.31%	-1.23%	-1.04%	-0.69%
EPS (Basic)	1.53	1.05	1.29	1.78	1.59
EPS (Diluted)	1.49	1.03	1.27	1.72	1.54
EPS Growth	44.66%	-18.90%	-26.16%	11.69%	65.59%
Effective Tax Rate	23.23%	23.19%	23.92%	25.54%	25.80%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.