Bridgewater Bancshares, Inc. (FRA:1WA)

Bridgewater Bancshares Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	223.62	204.73	191.4	146.26	118.85	105.49
Interest Income on Investments	48.25	41.17	30.95	17.44	10.03	9.33
Total Interest Income	271.86	245.9	222.36	163.7	128.88	114.83
Interest Paid on Deposits	132.03	128.81	96.05	23.38	13.84	19.81
Interest Paid on Borrowings	16.12	14.9	21.14	10.62	5.53	7.05
Total Interest Expense	148.15	143.71	117.18	34	19.37	26.86
Net Interest Income	123.72	102.19	105.17	129.7	109.51	87.96
Net Interest Income Growth (YoY)	23.05%	-2.83%	-18.91%	18.44%	24.49%	18.66%
Gain (Loss) on Sale of Investments	0.53	0.39	-0.03	-0.33	0.19	0.77
Other Non-Interest Income	9.7	6.92	6.53	6.25	4.56	4.34
Total Non-Interest Income	10.3	7.37	6.49	5.92	4.75	5.1
Non-Interest Income Growth (YoY)	64.96%	13.48%	9.61%	24.80%	-6.94%	748.75%
Revenues Before Loan Losses	134.02	109.56	111.67	135.62	114.26	93.07
Provision for Loan Losses	6.78	3.53	-0.18	7.7	5.15	12.75
Revenue	127.24	106.04	111.84	127.92	109.11	80.32
Revenue Growth (YoY)	20.40%	-5.19%	-12.57%	17.25%	35.85%	11.50%
Salaries and Employee Benefits	41.54	35.66	32.58	33.6	28.46	23.9
Occupancy Expenses	4.1	3.54	3.63	3.6	3.86	2.06
Federal Deposit Insurance	2.58	2.96	3.69	1.37	1.31	-
Amortization of Goodwill & Intangibles	0.74	0.08	0.1	0.19	0.19	-
Selling, General & Administrative	17.26	15.15	13.45	12.72	9.87	3.66
Other Non-Interest Expense	7.63	5.91	5.87	4.74	3.26	7.99
Total Non-Interest Expense	73.85	63.3	59.32	56.21	46.95	37.61
EBT Excluding Unusual Items	53.4	42.74	52.52	71.71	62.16	42.71
Other Unusual Items	-	-	-	-	-0.58	-7.04
Pretax Income	53.4	42.74	52.52	71.71	61.57	35.67
Income Tax Expense	12.44	9.91	12.56	18.32	15.89	8.47
Net Income	40.96	32.83	39.96	53.39	45.69	27.19
Preferred Dividends & Other Adjustments	4.05	4.05	4.05	4.05	1.17	-
Net Income to Common	36.9	28.77	35.91	49.34	44.52	27.19
Net Income Growth	22.29%	-17.85%	-25.16%	16.86%	68.00%	-13.40%
Basic Shares Outstanding	27	27	28	28	28	29
Diluted Shares Outstanding	28	28	28	29	29	29
Shares Change (YoY)	0.25%	-1.31%	-1.23%	-1.04%	-0.69%	-2.76%
EPS (Basic)	1.34	1.05	1.29	1.78	1.59	0.95
EPS (Diluted)	1.32	1.03	1.27	1.72	1.54	0.93
EPS Growth	25.72%	-18.90%	-26.16%	11.69%	65.59%	-11.43%
Effective Tax Rate	23.30%	23.19%	23.92%	25.54%	25.80%	23.75%

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