Bridgewater Bancshares ( (BWB) ) has released its Q2 earnings. Here is a breakdown of the information Bridgewater Bancshares presented to its investors.
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Bridgewater Bancshares, Inc., headquartered in St. Louis Park, Minnesota, is a financial holding company that operates Bridgewater Bank, offering a range of banking services to businesses and individuals across the Twin Cities.
In its second quarter of 2025 financial report, Bridgewater Bancshares announced a net income of $11.5 million, marking a significant increase from previous quarters. The company highlighted strong revenue growth, driven by an expanded net interest margin, record noninterest income, and robust loan growth.
Key financial metrics for the quarter included a net interest income increase of 7.4% from the previous quarter, reaching $32.5 million, and a net interest margin of 2.62%. Noninterest income hit a record $3.6 million, and gross loans grew by $125.7 million. The company also completed a private placement of $80 million in subordinated notes, using a portion to redeem previous notes.
Bridgewater Bancshares maintained strong asset quality with nonperforming assets at 0.19% of total assets and no net loan charge-offs. The efficiency ratio improved to 52.6%, reflecting well-controlled expenses. The tangible book value per share increased to $14.21, supporting shareholder value.
Looking ahead, Bridgewater Bancshares aims to capitalize on market opportunities in the Twin Cities, focusing on attracting top talent and clients, which is expected to support continued growth in tangible book value and long-term shareholder value.