BLOOMINGTON, Minn.–(BUSINESS WIRE)–Bridgewater Bancshares, Inc. (“Bridgewater”) (Nasdaq: BWB), the parent company of Bridgewater Bank, is pleased to announce it has been named to the prestigious Sandler O’Neill Sm-All Stars Class of 2018. Bridgewater was one of 30 publicly traded banks and thrifts – and the only bank headquartered in Minnesota and the Upper Midwest – to be recognized.
According to Sandler O’Neill + Partners, L.P., an investment banking firm and broker-dealer focused on the financial services sector, to earn Sm-All Star status, companies need to have a market cap below $2.5 billion and clear numerous hurdles related to growth, profitability, credit quality and capital strength.
“We are thrilled to be considered amongst the highest performing institutions nationwide,” says Chief Financial Officer Joe Chybowski. “Several performance metrics are considered, and Bridgewater outperforms the median in almost every category, particularly loan growth and asset quality.”
This is the first year Bridgewater Bancshares, Inc. has made the esteemed list, placing the Bank among the top-performing publicly traded banks nationwide. More than 400 publicly traded banks and thrifts with a market capitalization below $2.5 billion were evaluated to identify the 30 small-cap depository institutions that comprise the Class of 2018.
“There’s no doubt our continued success and ability to achieve growth milestones is attributed to our team’s dedication,” says Chairman, President and CEO Jerry Baack. “We know how to use our talent to outrival any bank coast to coast.”