Bridgewater Bancshares, Inc. Ranked 4th Among Top Performing Banks Nationwide by S&P Global Market Intelligence
Bloomington, MN–(Bridgewater Bank)–Bridgewater Bancshares, Inc. (“Bridgewater”) (Nasdaq: BWB) announced today that it was ranked fourth among top-performing community banks nationwide between $1 billion and $10 billion by S&P Global Market Intelligence for 2017. Bridgewater was considered the 15th best-performing community bank in this category in the 2016 ranking.
“We are privileged to make S&P Global’s esteemed ranking for several years now. Our 2017 ranking is a testament to the talent of our team and the continued strength of our financial performance,” says Jerry Baack, Chief Executive Officer and President. “We believe we have the right elements in place to persist as a top performing bank nationwide.”
According to S&P Global Market Intelligence, the best-performing community banks are ranked using six core financial performance metrics: pretax return on average tangible common equity, net charge-offs as a percentage of average loans, efficiency ratio, adjusted Texas ratio, net interest margin and loan growth. Based on the criteria, 533 companies were eligible for the $1 billion to $10 billion ranking.