Bridgewater Bancshares, Inc. (BWB) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	255.3M	291.6M	251.4M	226.9M	169.3M
Cost of Revenue	147.3M	154.0M	147.2M	117.0M	41.7M
Gross Profit	108.0M	137.6M	104.2M	109.9M	127.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	54.3M	51.5M	44.0M	41.4M	40.3M
General & Admin Expense	51.5M	49.4M	42.5M	40.2M	38.3M
Selling & Marketing Expense	2.8M	2.1M	1.5M	1.1M	2.0M
Other Expenses	20.0M	24.6M	17.5M	16.1M	15.6M
Total Operating Expenses	74.3M	76.1M	61.5M	57.4M	55.9M
Cost and Expenses	221.6M	230.1M	208.7M	174.4M	97.6M
Operating Income (EBIT)	33.7M	61.5M	42.7M	52.5M	71.7M
Non-Operating
Interest Income	146.9M	281.8M	245.9M	222.4M	163.7M
Interest Expense	144.6M	149.4M	143.7M	117.2M	34.0M
Net Interest Income	2.4M	132.4M	102.2M	105.2M	129.7M
Other Non-Op Income/Expense	39.8M	(1.4M)	—	—	—
Non-Operating Income (excl Interest)	—	—	—	—	—
EBT (Pre-Tax Income)	73.5M	60.0M	42.7M	52.5M	71.7M
Income Tax Expense	17.2M	13.9M	9.9M	12.6M	18.3M
Bottom Line
Net Income	56.3M	46.1M	32.8M	40.0M	53.4M
Earnings from Cont. Ops	56.3M	46.1M	32.8M	40.0M	53.4M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	52.3M	42.0M	28.8M	35.9M	49.3M
Per Share
Basic EPS	$1.90	$1.53	$1.05	$1.29	$1.78
Diluted EPS	$1.84	$1.50	$1.03	$1.27	$1.72
Revenue Per Share	$9.18	$10.65	$9.15	$8.15	$6.10
Shares
Basic Shares Outstanding	27.8M	27.4M	27.5M	27.8M	27.8M
Diluted Shares Outstanding	28.5M	28.7M	27.9M	28.3M	28.7M
Profitability Metrics
EBITDA	34.9M	64.7M	45.7M	55.7M	75.0M
D&A	1.2M	3.2M	3.0M	3.1M	3.3M
EBIT	33.7M	61.5M	42.7M	52.5M	71.7M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026