Bridgewater Bancshares Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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	254.05	233.19	204.73	191.4	146.26	118.85
Interest Income on Investments	38.53	48.66	41.17	30.95	17.44	10.03
Total Interest Income	292.58	281.85	245.9	222.36	163.7	128.88
Interest Paid on Deposits	121.65	131.42	128.81	96.05	23.38	13.84
Interest Paid on Borrowings	19.37	17.99	14.9	21.14	10.62	5.53
Total Interest Expense	141.02	149.41	143.71	117.18	34	19.37
Net Interest Income	151.56	132.44	102.19	105.17	129.7	109.51
Net Interest Income Growth	22.50%	29.60%	-2.83%	-18.91%	18.44%	24.49%
Gain (Loss) on Sale of Investments	7.33	0.61	0.39	-0.03	-0.33	0.19
Other Non-Interest Income	10.28	10.3	6.92	6.53	6.25	4.56
Total Non-Interest Income	17.61	10.92	7.37	6.49	5.92	4.75
Non-Interest Income Growth	70.96%	48.14%	13.48%	9.61%	24.80%	-6.94%
Revenues Before Loan Losses	169.17	143.35	109.56	111.67	135.62	114.26
Provision for Loan Losses	5.95	6.05	3.53	-0.18	7.7	5.15
Revenue	163.22	137.3	106.04	111.84	127.92	109.11
Revenue Growth	28.27%	29.49%	-5.19%	-12.57%	17.25%	35.85%
Salaries and Employee Benefits	50	43.2	35.66	32.58	33.6	28.46
Occupancy Expenses	4.33	4.08	3.54	3.63	3.6	3.86
Federal Deposit Insurance	2.7	2.75	2.96	3.69	1.37	1.31
Amortization of Goodwill & Intangibles	0.91	0.92	0.08	0.1	0.19	0.19
Selling, General & Administrative	19.56	18.38	15.15	13.45	12.72	9.87
Other Non-Interest Expense	7.17	7.95	5.91	5.87	4.74	3.26
Total Non-Interest Expense	84.66	77.27	63.3	59.32	56.21	46.95
EBT Excluding Unusual Items	78.56	60.03	42.74	52.52	71.71	62.16
Other Unusual Items	-0.98	-	-	-	-	-0.58
Pretax Income	77.57	60.03	42.74	52.52	71.71	61.57
Income Tax Expense	17.8	13.94	9.91	12.56	18.32	15.89
Net Income	59.78	46.09	32.83	39.96	53.39	45.69
Preferred Dividends & Other Adjustments	4.05	4.05	4.05	4.05	4.05	1.17
Net Income to Common	55.72	42.03	28.77	35.91	49.34	44.52
Net Income Growth	50.99%	46.10%	-19.87%	-27.22%	10.83%	63.70%
Basic Shares Outstanding	28	28	27	28	28	28
Diluted Shares Outstanding	29	28	28	28	29	29
Shares Change	1.78%	0.81%	-1.31%	-1.23%	-1.04%	-0.69%
EPS (Basic)	2.01	1.53	1.05	1.29	1.78	1.59
EPS (Diluted)	1.95	1.49	1.03	1.27	1.72	1.54
EPS Growth	47.60%	44.66%	-18.90%	-26.16%	11.69%	65.59%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Effective Tax Rate	22.95%	23.23%	23.19%	23.92%	25.54%	25.80%

SEC Filings: 10-K · 10-Q