BRIDGEWATER BANC(US:BWBBP)2026-01-27 21:24Financial Performance - Net income for Q4 2025 was $13.3 million, or $0.43 per diluted common share, compared to $11.6 million in Q3 2025 and $8.2 million in Q4 2024[4] - For the full year 2025, net income was $46.1 million, or $1.49 per diluted common share, compared to $36.5 million in 2024[3] - Net income available to common shareholders for Q4 2025 was $12,320,000, up from $10,588,000 in Q3 2025, representing a 16.3% increase[50] - Net income for the year ended December 31, 2025, was $46,088,000, compared to $32,825,000 for the year ended December 31, 2024, reflecting a growth of 40%[48] - Adjusted net income available to common shareholders for the year ended December 31, 2025, was $42,853,000, compared to $29,022,000 for the previous year, reflecting a 47.2% increase[50] Income and Revenue - Net interest income increased by $1.6 million, or 4.7%, from Q3 2025, totaling $35.7 million for Q4 2025[10] - Noninterest income for Q4 2025 was $3.1 million, an increase of $1.1 million from Q3 2025 and $615,000 from Q4 2024[18] - Total Operating Noninterest Income for Q4 2025 was $3,068,000, compared to $2,002,000 in Q3 2025, marking a 53% increase[48] - Net interest income for the year ended December 31, 2025, was $132,438 thousand, a significant increase of 29.6% compared to $102,193 thousand for the year ended December 31, 2024[40] Assets and Liabilities - Bridgewater Bancshares reported total assets of $5.4 billion as of December 31, 2025[29] - Total assets reached $5,438,555 thousand as of December 31, 2025, compared to $5,372,443 thousand at the end of the previous quarter, indicating a growth of 1.2%[41] - Total liabilities increased to $4,889,907 thousand as of December 31, 2025, from $4,862,531 thousand in the previous quarter, a rise of 0.56%[39] Loans and Deposits - Total deposits rose by $27.6 million, or 2.6% annualized, from Q3 2025, with core deposits increasing by $72.6 million, or 8.8% annualized[3] - Total gross loans increased to $4.31 billion, up $95.0 million or 8.9% annualized from Q3 2025, and up $441.0 million or 11.4% from Q4 2024[21] - Total deposits reached $4.32 billion, an increase of $27.6 million or 2.6% annualized from Q3 2025, and up $233.6 million or 5.7% from Q4 2024[23] Efficiency and Ratios - The efficiency ratio improved to 51.6%, down from 54.7% in Q3 2025, indicating better cost management[3] - Return on Average Assets improved to 0.97% in Q4 2025, up from 0.86% in Q3 2025[36] - Tangible common equity to tangible assets ratio was 8.01% as of December 31, 2025, an increase from 7.71% in the previous quarter, indicating stronger capital position[49] Credit Quality - Net loan charge-offs as a percentage of average loans increased to 0.04% from 0.03% in 2024, indicating a slight rise in credit risk[3] - The provision for credit losses on loans was $1.3 million in Q4 2025, compared to $900,000 in Q3 2025 and $1.5 million in Q4 2024[16] - Nonperforming Loans increased to $22,034,000 in Q4 2025, up from $9,991,000 in Q3 2025, representing a rise of 120%[46] Future Outlook - The company plans to focus on profitable growth and market share expansion in 2026, particularly in affordable housing[6] - Forward-looking statements indicate potential risks including interest rate fluctuations and economic conditions affecting performance[31] - The company is committed to managing credit risk and maintaining an adequate level of allowance for credit losses on loans[32] Operational Highlights - The company emphasizes the use of non-GAAP financial measures to provide meaningful insights into its operating performance[30] - The company will host a conference call on January 28, 2026, to discuss its fourth quarter 2025 financial results[28] - Bridgewater Bank is recognized as one of the largest locally-led banks in Minnesota, with eight strategically located branches[29]