Bridgewater Bancshares Inc (NASDAQ: BWB) is a Minnesota-based financial holding company that operates Bridgewater Bank, a commercial bank focused on lending to businesses, entrepreneurs, and high-net-worth individuals. It earns revenue primarily through net interest income on loans, with commercial real estate lending as the dominant driver of asset growth since founding. The bank is headquartered in St. Louis Park, Minnesota, a suburb of Minneapolis, and operates nine full-service offices across the Twin Cities metro area, including locations in Bloomington, Greenwood, Minneapolis, Minnetonka, Orono, Lake Elmo, St. Louis Park, and St. Paul, as of the 10-K filed February 26, 2026. Established in 2005 as a de novo bank by industry veterans and local business leaders, the company has grown total assets at a compounded annual growth rate of 28.6% since inception, surpassing $1.0 billion in 2016, $3.0 billion in 2021, and $5.0 billion in 2024. Bridgewater Investment Management, Inc., a subsidiary of the bank, holds municipal securities and conducts municipal lending activities.

Revenue model

Net interest income generated from a commercial real estate-focused loan portfolio, supplemented by municipal lending activities conducted through its Bridgewater Investment Management subsidiary.

Products and services

Commercial real estate loans, commercial loans, municipal securities holdings, municipal lending, deposit accounts. BWB Holdings LLC holds repossessed property.

Customers and end markets

Businesses, entrepreneurs, and high-net-worth individuals in the Twin Cities metropolitan area of Minnesota.

Value-chain role

Direct lender and deposit-taking commercial bank serving business and individual clients in the Twin Cities market.

Geographic exposure

Operates exclusively in the Twin Cities metro area of Minnesota, with nine full-service offices in Bloomington, Greenwood, Minneapolis (2 locations), Minnetonka, Orono, Lake Elmo, St. Louis Park, and St. Paul, as of February 2026.

Source: SEC 10-K, filed 2026-02-26

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