Bridgewater Bancshares Inc
investors.bridgewaterbankmn.comWhat Do They Do?
Provides loans and deposit accounts to commercial clients and consumers, with a focus on commercial real estate and affordable housing lending.
10-K for FY2025, filed Feb 26, 2026The Company offers a full array of simple, quality loan and deposit products with a focus on commercial clients. While the Company provides…View ↗
Lending. The Bank focuses primarily on commercial lending, consisting of loans secured by nonfarm, nonresidential properties, loans secured…View ↗
The Bank has been active in lending to affordable housing projects since 2008, but has increased the level of investment in recent years…View ↗
Deposits. The Bank has developed a suite of deposit products targeted at commercial clients, including a variety of remote deposit and cash…View ↗
How Do They Make Money?
Earns interest and fees on loans and interest and dividends on investment securities; it also collects deposit-account service fees and fees on letters of credit and swaps. Deposit-account fees are generally collected monthly or when a transaction is completed, and debit-card fees arise when a card is used.
10-K for FY2025, filed Feb 26, 2026The principal sources of funds for loans and investments are transaction, savings, time, and brokered deposits, and short-term and…View ↗
Service charges on deposit accounts. These represent general service fees for monthly account maintenance and activity and…View ↗
Debit card interchange fees. When a debit card issued by the Company is used to purchase goods or services from a merchant, the Company…View ↗
$281.8M
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10-K for FY2025, filed Feb 26, 2026
$281.8M ↗
Who Are Their Customers?
Commercial clients use the bank for loans and deposit products, while consumers use traditional deposit accounts through branches and online, mobile, and direct banking channels.
10-K for FY2025, filed Feb 26, 2026The Company offers a full array of simple, quality loan and deposit products with a focus on commercial clients. While the Company provides…View ↗
Lending. The Bank focuses primarily on commercial lending, consisting of loans secured by nonfarm, nonresidential properties, loans secured…View ↗
Deposits. The Bank has developed a suite of deposit products targeted at commercial clients, including a variety of remote deposit and cash…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 16 cents of every revenue dollar as net income in FY2025 and turned 8 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 2.2x in 4 years, from $128.9M in FY2021 to $281.8M in FY2025, about 22% a year.
Added investment advisory
The business has added an investment advisory function offering nondeposit investment products through a third party; previously, it had no wealth management or other non-depository business lines.
10-K for FY2022, filed Mar 7, 2023 10-K for FY2025, filed Feb 26, 2026The Company offers a full array of simple, quality loan and deposit products primarily for commercial clients. While the Company provides…View ↗
Since inception, the Company has grown significantly and profitably, with a focus on organic growth, driven primarily by commercial real…View ↗
Who Do They Compete With?
Competes with Wells Fargo and U.S. Bank
10-K for FY2025, filed Feb 26, 2026The Company operates in a competitive market area and competes with other, often much larger, retail and commercial banks and financial…View ↗
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