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Bridgewater Bancshares, Inc. Named a Top Community Bank by S&P Global Market Intelligence
Rhea-AI Impact
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Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Bridgewater Bancshares, Inc. (Nasdaq: BWB) has been recognized as the 14th best-performing community bank in S&P Global Market Intelligence’s annual ranking for 2022, specifically for institutions with $3 billion to $10 billion in assets. This marks the second consecutive year of recognition for Bridgewater, highlighting its efficient business model and strong asset quality. As the highest-ranked bank in Minnesota, Bridgewater emphasizes its positive impact within the Twin Cities market. The rankings assess banks based on returns, growth, efficiency, and balance sheet strength. Bridgewater holds total assets of $4.3 billion with seven branches as of December 31, 2022.
Positive
Ranked 14th in S&P Global Market Intelligence’s annual ranking of community banks.
Recognized for strong performance and efficient business model for two consecutive years.
Highest ranked bank based in Minnesota, showcasing regional strength.
Total assets of $4.3 billion as of December 31, 2022, indicating significant growth.
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ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--
Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, was ranked 14th in S&P Global Market Intelligence’s annual ranking of the best-performing community banks of 2022 between $3 billion and $10 billion in assets.
“For the second consecutive year, we are pleased to be recognized for our strong performance which includes a highly efficient business model and superb asset quality,” said Chairman, Chief Executive Officer and President, Jerry Baack. “As the highest ranked bank based in Minnesota, this recognition further demonstrates the positive impact our team is having on clients across our Twin Cities market.”
S&P Global Market Intelligence launched the rankings more than a decade ago to assess the performance of banks and credit unions. Institutions are ranked based on returns, growth and efficiency, with a premium placed on the strength and risk profile of balance sheets.
About Bridgewater
Bridgewater Bancshares, Inc. is a St. Louis Park, Minnesota-based financial holding company. Bridgewater’s primary banking subsidiary, Bridgewater Bank, is a premier, full-service Twin Cities bank dedicated to serving the diverse needs of commercial real estate investors, entrepreneurs, business clients and successful individuals. By pairing a range of deposit, lending and business services solutions with a responsive service model, Bridgewater has seen continuous growth and profitability. With total assets of $4.3 billion and seven branches as of December 31, 2022, Bridgewater is considered one of the largest locally led banks in the State of Minnesota, and has received numerous awards for its growth, banking services and esteemed corporate culture.
