Bridgewater Bancshares Management
Management criteria checks 3/4
Bridgewater Bancshares' CEO is Jerry Baack, appointed in Jan 2005, has a tenure of 21.33 years. total yearly compensation is $1.35M, comprised of 48.2% salary and 51.8% bonuses, including company stock and options. directly owns 4.09% of the company’s shares, worth $21.48M. The average tenure of the management team and the board of directors is 2.3 years and 16.3 years respectively.
Key information
Jerry Baack
Chief executive officer
US$1.3m
Total compensation
| CEO salary percentage | 48.15% |
| CEO tenure | 21.3yrs |
| CEO ownership | 4.1% |
| Management average tenure | 2.3yrs |
| Board average tenure | 16.3yrs |
Recent management updates
Recent updates
BWB: Higher Future P/E Assumptions Will Support Stronger Shares
Analysts have maintained their $22.13 price target for Bridgewater Bancshares, citing only slight adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, rather than any change in the overall outlook. What's in the News For the first quarter ended March 31, 2026, Bridgewater Bancshares reported net charge-offs of $516,000 compared with net charge-offs of $11,000 a year earlier, highlighting recent credit costs (Key Developments).BWB: Lower Discount Rate And Higher P/E Assumptions Will Support Stronger Shares
Analysts lifted their price target on Bridgewater Bancshares by $0.25 to $22.13, citing adjusted assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E in recent research updates. Analyst Commentary Bullish Takeaways Bullish analysts view the higher price target of $22.13, including the recent $2 upward adjustment, as more aligned with their updated fair value work on earnings and return expectations.BWB: Piper Sandler Price Increase And Earnings Assumptions Will Support Stronger Shares
Analysts have adjusted their price target on Bridgewater Bancshares by $0.50, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E, even as recent Street research highlights a $2 upward revision from Piper Sandler. Analyst Commentary Recent Street research around Bridgewater Bancshares centers on the revised price targets, with one report highlighting a US$2 adjustment and the broader analyst group fine tuning assumptions around fair value, discount rates, revenue growth, margins, and future P/E.BWB: Higher Future P/E Assumptions Will Support A Stronger Share Price
Analysts raised their price target on Bridgewater Bancshares by $2, citing updated assumptions for the discount rate, revenue growth, profit margin, and future P/E, while maintaining their fair value estimate at $22.38. Analyst Commentary Recent research updates focus less on big headline changes and more on fine tuning the core inputs that drive Bridgewater Bancshares' valuation.BWB: Higher Future P/E Assumptions Will Support A Stronger Share Price
Analysts lifted their price target on Bridgewater Bancshares by $2, reflecting updated assumptions around its future P/E multiple and supported by recent Street research that cites a more constructive view on the shares. Analyst Commentary Recent Street research around the price target change focuses on how the market is valuing Bridgewater Bancshares and what needs to go right for the higher target to make sense.BWB: Higher Earnings Power Expectations Will Support A Stronger Future Earnings Multiple
Analysts have lifted their price target on Bridgewater Bancshares by $2, reflecting updated views on its earnings power and valuation assumptions following recent Street research. Analyst Commentary Recent Street research points to a higher assessed value for Bridgewater Bancshares, with the updated price target reflecting refreshed assumptions around earnings power and what investors are willing to pay for that profile.BWB: Lower Discount Rate Assumptions Will Support A Higher Future Earnings Multiple
Analysts have raised their fair value estimate for Bridgewater Bancshares by $1 to $22.38, reflecting updated assumptions on discount rates, revenue growth, profit margins, and future P/E multiples. Analyst Commentary Bullish Takeaways Bullish analysts view the higher fair value estimate and the recent price target increase as consistent, suggesting the updated assumptions on discount rates and P/E multiples are better aligned with their current expectations.BWB: Stable Profitability Assumptions Will Support A Higher Future Earnings Multiple
Analysts have kept their price target for Bridgewater Bancshares steady at US$21.38, citing only very small model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions rather than any major shift in their view of the company. Valuation Changes Fair Value Estimate remained unchanged at US$21.38 per share.BWB: Lower Net Charge Offs Will Support Higher Future Earnings Multiple
Analysts have raised their price target on Bridgewater Bancshares from $19.67 to $21.38, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and forward P/E. What's in the News For the third quarter ended September 30, 2025, Bridgewater Bancshares reported net charge offs of US$275,000, compared with US$931,000 a year earlier (Key Developments).
Anticipating Interest Rate Cuts To Propel Profitability And Tech Upgrades To Boost Engagement
Bridgewater's strategic investments in technology aim to enhance client engagement and operational efficiencies, potentially boosting revenue growth and margin expansion.Bridgewater Bancshares, Inc. (NASDAQ:BWB) First-Quarter Results: Here's What Analysts Are Forecasting For This Year
As you might know, Bridgewater Bancshares, Inc. ( NASDAQ:BWB ) last week released its latest quarterly, and things did...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$50m |
| Dec 31 2025 | US$1m | US$650k | US$42m |
| Sep 30 2025 | n/a | n/a | US$37m |
| Jun 30 2025 | n/a | n/a | US$34m |
| Mar 31 2025 | n/a | n/a | US$31m |
| Dec 31 2024 | US$1m | US$650k | US$29m |
| Sep 30 2024 | n/a | n/a | US$29m |
| Jun 30 2024 | n/a | n/a | US$30m |
| Mar 31 2024 | n/a | n/a | US$32m |
| Dec 31 2023 | US$1m | US$650k | US$36m |
| Sep 30 2023 | n/a | n/a | US$41m |
| Jun 30 2023 | n/a | n/a | US$46m |
| Mar 31 2023 | n/a | n/a | US$49m |
| Dec 31 2022 | US$2m | US$650k | US$49m |
| Sep 30 2022 | n/a | n/a | US$48m |
| Jun 30 2022 | n/a | n/a | US$46m |
| Mar 31 2022 | n/a | n/a | US$45m |
| Dec 31 2021 | US$2m | US$575k | US$45m |
| Sep 30 2021 | n/a | n/a | US$38m |
| Jun 30 2021 | n/a | n/a | US$34m |
| Mar 31 2021 | n/a | n/a | US$30m |
| Dec 31 2020 | US$1m | US$575k | US$27m |
| Sep 30 2020 | n/a | n/a | US$31m |
| Jun 30 2020 | n/a | n/a | US$31m |
| Mar 31 2020 | n/a | n/a | US$32m |
| Dec 31 2019 | US$2m | US$575k | US$31m |
Compensation vs Market: Jerry's total compensation ($USD1.35M) is below average for companies of similar size in the US market ($USD2.60M).
Compensation vs Earnings: Jerry's compensation has increased by more than 20% in the past year.
CEO
Jerry Baack (58 yo)
Mr. Gerald John Baack, also known as Jerry, Co-Founded Bridgewater Bancshares, Inc. and Bridgewater Bank (“Bank”) in 2005 and has been its Chairman of the Board, Chief Executive Officer and Visionary since...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Founder & Non Independent Executive Chairman | 21.3yrs | US$1.35m | 4.09% $ 21.5m | |
| President & CFO | 9.3yrs | US$922.30k | 0.32% $ 1.7m | |
| Co-Founder | 13.3yrs | no data | 2.7% $ 14.2m | |
| Chief Operating Officer | 2.3yrs | US$603.70k | 0.13% $ 680.4k | |
| Chief Banking Officer | 2.3yrs | US$698.71k | 0.45% $ 2.4m | |
| Chief Administrative Officer | less than a year | no data | 0.078% $ 411.4k | |
| Director of Investor Relations | no data | no data | no data | |
| General Counsel | no data | no data | no data | |
| Senior VP of Commercial Banking | no data | no data | no data | |
| Managing Director of Banking | no data | no data | no data | |
| Chief Experience Officer | less than a year | no data | 0.054% $ 283.0k | |
| Chief Credit Officer | less than a year | no data | 0.046% $ 243.4k |
Experienced Management: BWB's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, Founder & Non Independent Executive Chairman | 21.3yrs | US$1.35m | 4.09% $ 21.5m | |
| Co-Founder | 21.3yrs | no data | 2.7% $ 14.2m | |
| Independent Director | 8.7yrs | US$86.99k | 0.12% $ 614.5k | |
| Director | less than a year | US$634.82k | 0.75% $ 4.0m | |
| Lead Independent Director | 16.3yrs | US$79.37k | 5.71% $ 30.0m | |
| Independent Director | 21.3yrs | US$79.37k | 4.22% $ 22.2m | |
| Independent Director | 6.4yrs | US$79.37k | 0.13% $ 683.1k | |
| Independent Director | 21.3yrs | US$79.37k | 0.87% $ 4.6m | |
| Independent Director | 21.3yrs | US$79.67k | 0.30% $ 1.6m | |
| Independent Director | 7.8yrs | US$99.67k | 0.048% $ 255.0k | |
| Independent Director | 5.6yrs | US$79.37k | 0.13% $ 670.3k |
Experienced Board: BWB's board of directors are seasoned and experienced ( 16.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/31 04:45 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Bridgewater Bancshares, Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Moss | B. Riley Securities, Inc. |
| null null | D.A. Davidson & Co. |
| Jeffrey Rulis | D.A. Davidson & Co. |