Bridgewater Bancshares Inc Stock Price, News & Analysis

Bridgewater Bancshares (Nasdaq: BWB) has announced significant executive leadership transitions as part of its succession strategy. Mary Jayne Crocker, current Chief Strategy Officer, will retire in February 2026 and join the Board of Directors. Jeff Shellberg, Chief Credit Officer, will transition to Deputy Chief Credit Officer in September 2025 before retiring in October 2026.

The bank has announced three key promotions: Katie Morrell will become Chief Credit Officer, Jessica Stejskal will assume the new role of Chief Experience Officer, and Laura Espeseth will become Chief Administrative Officer. All three executives will join Bridgewater's Strategic Leadership Team effective September 15, 2025.

These transitions mark a significant milestone for the $5 billion bank, ensuring leadership continuity while maintaining its entrepreneurial culture and growth trajectory.

Bridgewater Bancshares (NASDAQ: BWB) reported strong Q2 2025 financial results with net income of $11.5 million, or $0.38 per diluted share. The bank demonstrated robust performance with pre-provision net revenue increasing 15.6% quarter-over-quarter to $2.2 million.

Key highlights include a net interest margin expansion to 2.62%, record noninterest income of $3.6 million (up 74.5% from Q1), and gross loan growth of $125.7 million (12.5% annualized). The bank maintained strong asset quality with nonperforming assets at just 0.19% and zero net loan charge-offs.

Notable capital actions include completing an $80 million subordinated notes placement at 7.625%, partially used to redeem $50 million of existing notes, and repurchasing 122,704 shares at an average price of $12.80 per share.

Bridgewater Bancshares (Nasdaq: BWB) has scheduled its second quarter 2025 financial results announcement for July 23, 2025 after market close. The company will host a conference call and webcast to discuss the results on July 24, 2025 at 8:00 a.m. Central Time.

Investors can access the conference call by dialing 844-481-2913. A replay will be available through July 31, 2025 via 877-344-7529 using access code 1833047. The webcast will be accessible through the Investor Relations section of Bridgewater's website at investors.bridgewaterbankmn.com.

Bridgewater Bancshares (Nasdaq: BWB) has successfully completed an $80.0 million private placement of subordinated notes. The notes, due in 2035, will initially carry a 7.625% fixed interest rate until June 30, 2030, followed by a floating rate of three-month SOFR plus 388 basis points thereafter.

The company plans to use the proceeds to redeem $50.0 million of existing 5.25% subordinated notes due 2030 and for general corporate purposes. The notes qualify as Tier 2 capital for regulatory purposes and are redeemable after June 30, 2030.

Bridgewater Bank's President and CFO Joe Chybowski has been named a 2025 Notable Banking Leader by Twin Cities Business. Since joining as Controller in 2013, Chybowski has been instrumental in transforming Bridgewater from a small de novo bank to one of Minnesota's largest publicly traded banks, growing assets from $460 million to $5.1 billion. He led the bank's IPO, raising $58 million, making it the first Minnesota state bank to go public in over 25 years. As President and CFO, he oversees strategic direction, scalability initiatives, risk management, and M&A activities. In 2024, he led the acquisition of First Minnetonka City Bank. Beyond his professional achievements, Chybowski serves on the board of People Serving People and maintains an active role in community service.

Bridgewater Bank (BWB) and Federal Home Loan Bank of Des Moines have jointly awarded $800,000 to 23 Minnesota nonprofits through the 2025 Member Impact Fund matching grant program. The initiative, focused on affordable housing and community development, provides up to $3 in matching funds for every $1 contributed. Bridgewater Bank committed an additional $100,000 beyond its planned 2025 charitable giving. Recipients include Minnesota Housing Partnership, CommonBond Communities, Habitat for Humanity of Minnesota, and other local organizations. The Member Impact Fund, established in 2023, has awarded nearly $70 million in grants through FHLB Des Moines to support affordable housing and community development initiatives.

Bridgewater Bancshares (BWB) reported strong Q1 2025 financial results with net income of $9.6 million, or $0.31 per diluted share. The company's adjusted net income reached $10.1 million ($0.32 per diluted share).

Key highlights include:

• Net interest income increased by $3.2 million (12.0%) from Q4 2024
• Net interest margin expanded to 2.51%, up 19 basis points from Q4 2024
• Gross loans grew by $151.6 million (15.9% annualized)
• Total deposits increased by $75.7 million (7.5% annualized)
• Efficiency ratio improved to 55.5% from 56.8% in Q4 2024
• Tangible book value per share reached $13.89, showing a 12.2% annualized increase

The bank maintained strong asset quality with minimal net loan charge-offs (0.00%) and nonperforming assets to total assets of 0.20%. The company also repurchased 45,005 shares at an aggregate purchase price of $0.6 million.

Bridgewater Bancshares (Nasdaq: BWB) has scheduled the release of its first quarter 2025 financial results after market close on Wednesday, April 23, 2025. The company will host a conference call and webcast to discuss the results on Thursday, April 24, 2025, at 8:00 a.m. Central Time.

Investors can join the conference call by dialing 844-481-2913. A replay will be available through May 1, 2025, by calling 877-344-7529 with access code 9827138. The event will also be accessible via live webcast on Bridgewater's Investor Relations website at investors.bridgewaterbankmn.com, where it will be archived for later viewing.

Bridgewater Bancshares (BWB) reported Q4 2024 net income of $8.2 million ($0.26 per diluted share), compared to $8.7 million in Q3 2024 and $8.9 million in Q4 2023. The company completed the acquisition of First Minnetonka City Bank (FMCB) in 107 days.

Key Q4 highlights include: net interest income increased 5.3% to $27.0 million, net interest margin expanded to 2.32%, core deposits grew 63.6% annualized, and gross loans increased 19.7% annualized. Asset quality remained strong with net loan charge-offs at 0.03%.

Full-year 2024 results showed net income of $32.8 million ($1.03 per diluted share), total deposits increased 10.2%, and gross loans grew 3.9%. The loan-to-deposit ratio improved to 94.7% from 100.4% year-over-year, while tangible book value per share increased 5.1% to $13.49.