Bridgewater Bancshares, Inc. (BWB)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	215.47	204.73	191.4	146.26	118.85	105.49
Interest Income on Investments	45.78	41.17	30.95	17.44	10.03	9.33
Total Interest Income	261.26	245.9	222.36	163.7	128.88	114.83
Interest Paid on Deposits	131.6	128.81	96.05	23.38	13.84	19.81
Interest Paid on Borrowings	14.43	14.9	21.14	10.62	5.53	7.05
Total Interest Expense	146.03	143.71	117.18	34	19.37	26.86
Net Interest Income	115.23	102.19	105.17	129.7	109.51	87.96
Net Interest Income Growth (YoY)	14.81%	-2.83%	-18.91%	18.44%	24.49%	18.66%
Gain (Loss) on Sale of Investments	0.45	0.39	-0.03	-0.33	0.19	0.77
Other Non-Interest Income	9.25	6.92	6.53	6.25	4.56	4.34
Total Non-Interest Income	9.76	7.37	6.49	5.92	4.75	5.1
Non-Interest Income Growth (YoY)	51.38%	13.48%	9.61%	24.80%	-6.94%	748.75%
Revenues Before Loan Losses	124.99	109.56	111.67	135.62	114.26	93.07
Provision for Loan Losses	5.68	3.53	-0.18	7.7	5.15	12.75
Revenue	119.31	106.04	111.84	127.92	109.11	80.32
Revenue Growth (YoY)	12.23%	-5.19%	-12.57%	17.25%	35.85%	11.50%
Salaries and Employee Benefits	39.32	35.66	32.58	33.6	28.46	23.9
Occupancy Expenses	3.9	3.54	3.63	3.6	3.86	2.06
Federal Deposit Insurance	2.56	2.96	3.69	1.37	1.31	-
Amortization of Goodwill & Intangibles	0.52	0.08	0.1	0.19	0.19	-
Selling, General & Administrative	16.3	15.15	13.45	12.72	9.87	3.66
Other Non-Interest Expense	7.06	5.91	5.87	4.74	3.26	7.99
Total Non-Interest Expense	69.65	63.3	59.32	56.21	46.95	37.61
EBT Excluding Unusual Items	49.66	42.74	52.52	71.71	62.16	42.71
Other Unusual Items	-	-	-	-	-0.58	-7.04
Pretax Income	49.66	42.74	52.52	71.71	61.57	35.67
Income Tax Expense	11.63	9.91	12.56	18.32	15.89	8.47
Net Income	38.03	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	33.98	28.77	35.91	49.34	44.52	27.19
Net Income Growth	10.40%	-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)	-0.38%	-1.31%	-1.23%	-1.04%	-0.69%	-2.76%
EPS (Basic)	1.24	1.05	1.29	1.78	1.59	0.95
EPS (Diluted)	1.21	1.03	1.27	1.72	1.54	0.93
EPS Growth	12.01%	-18.90%	-26.16%	11.69%	65.59%	-11.43%
Effective Tax Rate	23.42%	23.19%	23.92%	25.54%	25.80%	23.75%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q