<span item_type="fundamental" item_id="090bcf7a09a3443ab4f65e462fdfd1ab" counter_id="ST/US/BWBBP" env="prod"></span><span item_type="announcement" item_id="574088555888510593" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 75.69 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD 0.38.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -19 M.</p><p></p><h3>Net Income</h3><p>Net income for the third quarter of 2025 was $11.6 million, compared to $11.5 million in the second quarter of 2025, and $8.7 million in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span></p><h3>Net Interest Income</h3><p>Net interest income was $34.1 million for the third quarter of 2025, an increase of $1.6 million from $32.5 million in the second quarter of 2025, and an increase of $8.5 million from $25.6 million in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Net Interest Margin</h3><p>Net interest margin (on a fully tax-equivalent basis) for the third quarter of 2025 was 2.63%, a one basis point increase from 2.62% in the second quarter of 2025, and a 39 basis point increase from 2.24% in the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span></p><h3>Total Deposits</h3><p>Total deposits at September 30, 2025 were $4.29 billion, an increase of $56.0 million, or 5.2% annualized, over total deposits of $4.24 billion at June 30, 2025, and an increase of $545.3 million, or 14.6%, over total deposits of $3.75 billion at September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Gross Loans</h3><p>Total gross loans at September 30, 2025 were $4.21 billion, an increase of $68.8 million, or 6.6% annualized, over total gross loans of $4.15 billion at June 30, 2025, and an increase of $529.0 million, or 14.4%, over total gross loans of $3.69 billion at September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span><span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Efficiency Ratio</h3><p>The efficiency ratio was 54.7% for the third quarter of 2025, compared to 52.6% for the second quarter of 2025, and 58.0% for the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span></p><h3>Provision for Credit Losses</h3><p>The provision for credit losses on loans and leases was $900,000 for the third quarter of 2025, compared to $2.0 million for the second quarter of 2025 and $0 for the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span></p><h3>Noninterest Income</h3><p>Noninterest income was $2.1 million for the third quarter of 2025, a decrease of $1.6 million from $3.6 million for the second quarter of 2025, and an increase of $539,000 from $1.5 million for the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span></p><h3>Noninterest Expense</h3><p>Noninterest expense was $20.0 million for the third quarter of 2025, an increase of $1.0 million from $18.9 million for the second quarter of 2025 and an increase of $4.2 million from $15.8 million for the third quarter of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span></p><h3>Loan-to-Deposit Ratio</h3><p>Loan-to-deposit ratio of 98.2%, up from 97.9% at June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Net Charge-Offs</h3><p>Annualized net charge-offs to average loans of 0.03% vs. 0.00% in 2Q25.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Nonperforming Assets</h3><p>Nonperforming assets to total assets of 0.19%, stable with 2Q25.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Allowance for Credit Losses</h3><p>Well-reserved with allowance to total loans of 1.34%, down 1 basis point from June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Tangible Book Value Per Share</h3><p>Tangible book value per share of $14.93, up 20.0% annualized from 2Q25.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Common Equity Tier 1 Ratio</h3><p>Common Equity Tier 1 Ratio of 9.08%, up from 9.03% at June 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Merger-Related Expenses</h3><p>FMCB merger-related expenses of $530K.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Securities Sold</h3><p>Sold $5.1 million of securities for a gain of $59K.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p><h3>Outlook / Guidance</h3><p>Bridgewater Bancshares, Inc. anticipates continued balance sheet growth and net interest margin expansion, positioning the company for improved profitability trends moving forward.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d1.htm"></span> Mid-to-high single digit loan growth, dependent on the pace of core deposit growth. Path to a 3.00% net interest margin by early 2027, dependent on the pace of additional rate cuts and shape of the yield curve. Continued net interest income growth due to NIM expansion and loan growth outlook.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1341317/000110465925101247/bwb-20251021xex99d2.htm"></span></p>

Bridgewater Bancshares Pref Share BWBBP 5.875 Perp 08/17/26 | 8-K: FY2025 Q3 Revenue: USD 75.69 M