**Bridgewater Bancshares Inc. Reports Increased Net Income and Strategic Growth in 2025**
Bridgewater Bancshares Inc. (BWB) has filed its 10-K report, revealing a net income of $46.1 million for the year ended December 31, 2025, a significant increase from the $32.8 million reported in the previous fiscal year. This translates to diluted earnings per common share of $1.49, up from $1.03 in 2024. The company's total assets reached $5.41 billion, compared to $5.07 billion the year prior, with gross loans totaling $4.31 billion and deposits at $4.32 billion. The increase in net income was attributed to higher cash and securities balances, growth and higher yields in the loan portfolio, lower rates paid on deposits, and purchase accounting accretion.
A key strategic development in 2025 was the continued focus on organic growth, particularly in commercial real estate lending, which constituted 69.9% of the total gross loan portfolio. The company also expanded its affordable housing lending initiatives nationally. In December 2025, the company closed its Country Village branch location to improve efficiency. In February 2026, Bridgewater Bank opened a new full-service branch in Lake Elmo, Minnesota, expanding its physical presence to nine locations within the Twin Cities MSA.
Operationally, Bridgewater Bancshares reported a loan-to-deposit ratio of 99.7% and a core deposit-to-total deposit ratio of 77.6%. The company's efficiency ratio improved to 53.5% from 57.9% in the previous year. As of December 31, 2025, the company employed 322 full-time equivalent employees, an 11% increase from the previous year, reflecting its growth and strategic hiring initiatives. The company's 10 largest depositor relationships accounted for approximately 16.2% of total deposits.
Looking ahead, Bridgewater Bancshares intends to continue its focus on organic growth, leveraging its commercial banking expertise and entrepreneurial culture. The company may also consider opportunistic acquisitions that align with its strategic priorities. However, the filing also acknowledges several risk factors, including interest rate risk, credit risk associated with commercial real estate loans, liquidity risk related to large depositors, and cybersecurity threats. The company's forward-looking statements are subject to these risks and uncertainties, and actual results may differ materially.
About Bridgewater Bancshares Inc
Bridgewater Bancshares, Inc. is a Minnesota-based financial holding company operating through its subsidiary, Bridgewater Bank, with a focus on commercial real estate lending, particularly multifamily properties. Serving the Twin Cities metropolitan area, it offers commercial and retail banking products, including loans, deposits, and cash management services. The company emphasizes personalized client service, local market expertise, efficient operations, and strong risk management within a branch-light, digitally enabled business model.
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