Overview

* Bridgewater Q3 adjusted EPS meets analyst expectations, per LSEG data

* Net income for Q3 2025 increased year-over-year to $11.6 mln

* Company completed systems conversion of First Minnetonka City Bank acquisition

Outlook

* Company anticipates continued balance sheet growth and net interest margin expansion

* Company's balance sheet positioned to benefit from interest rate cuts

Result Drivers

* NET INTEREST INCOME - Growth in loan and securities portfolios drove a $1.6 mln increase in net interest income from Q2 2025

* CORE DEPOSIT GROWTH - Robust core deposit growth supported strong loan growth, with core deposits increasing by $92.1 mln from Q2 2025

* FMCB ACQUISITION - Successful systems conversion of First Minnetonka City Bank acquisition completed

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 In-Line $0.39 $0.39 (3

Adjusted Analysts

EPS )

Q3 EPS $0.38

Q3 Net $11.60

Income mln

Q3 Net $34.10

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy"

* Wall Street's median 12-month price target for Bridgewater Bancshares Inc ( BWB ) is $21.00, about 17.2% above its October 20 closing price of $17.39

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)