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Bridgewater Bancshares, Inc. Named to Piper Sandler Sm-All Stars Class of 2022

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Bridgewater Bancshares, Inc. (NASDAQ: BWB) has been recognized in the Piper Sandler Sm-All Stars Class of 2022, an accolade awarded to top-performing small-cap banks with a market cap under $2.5 billion. Out of over 360 evaluated institutions, only 35 were selected, with Bridgewater being the only Minnesota-based bank honored. This marks the third time the bank has received this distinction, previously awarded in 2018 and 2020. The recognition highlights the bank's commitment to growth, profitability, and excellent client relationships.

Positive
  • Recognized in Piper Sandler Sm-All Stars Class of 2022, highlighting performance among small-cap banks.
  • Only bank from Minnesota to receive this honor, enhancing regional reputation.
  • Third time earning this award, indicating consistent performance and growth.
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ST. LOUIS PARK, Minn.--(BUSINESS WIRE)-- Bridgewater Bancshares, Inc. (Nasdaq: BWB), the parent company of Bridgewater Bank, today announced its inclusion in the Piper Sandler Sm-All Stars Class of 2022, recognizing the top performing small-cap banks and thrifts in the country.

To earn Sm-All Star status, companies needed to have a market cap below $2.5 billion and clear numerous hurdles related to growth, profitability, credit quality and capital strength. With over 360 institutions evaluated, Bridgewater was one of only 35 selected for the honor.

This is the third time Bridgewater has earned this award after previously being chosen in 2018 and 2020. Bridgewater was also the only bank headquartered in Minnesota to be selected.

“The honor of being selected as a Piper Sandler Sm-All Star bank in 2022 is a direct reflection on the hard work and dedication of our team members,” said Chairman, Chief Executive Officer and President, Jerry Baack. “Our ability to develop strong client relationships and execute on our strategy of profitable growth with a highly efficient business model is what makes Bridgewater so successful.”

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 $3.9 billion and seven branches as of June 30, 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.

Media Contact:

Jessica Stejskal | SVP Marketing

jessica.stejskal@bwbmn.com | 952.893.6860

Investor Contact:

Justin Horstman | Director of Investor Relations

justin.horstman@bwbmn.com | 952.542.5169

Source: Bridgewater Bancshares, Inc.

FAQ

What is the Piper Sandler Sm-All Stars Class of 2022?

The Piper Sandler Sm-All Stars Class of 2022 recognizes top-performing small-cap banks in the U.S. with a market cap below $2.5 billion.

How many banks were evaluated for the Sm-All Stars recognition?

Over 360 institutions were evaluated for the Piper Sandler Sm-All Stars recognition.

Is Bridgewater Bancshares the only bank from Minnesota to be recognized?

Yes, Bridgewater Bancshares is the only bank headquartered in Minnesota to receive the Piper Sandler Sm-All Stars honor.

When was Bridgewater Bancshares previously recognized as a Sm-All Star?

Bridgewater Bancshares was previously recognized as a Sm-All Star in 2018 and 2020.

What are the criteria for being selected as a Piper Sandler Sm-All Star?

Criteria include growth, profitability, credit quality, and capital strength.

Bridgewater Bancshares, Inc.

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