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Side-by-side financial comparison of Bridgewater Bancshares Inc (BWB) and CASS INFORMATION SYSTEMS INC (CASS). Click either name above to swap in a different company.
Bridgewater Bancshares Inc is the larger business by last-quarter revenue ($46.2M vs $26.2M, roughly 1.8× CASS INFORMATION SYSTEMS INC). Bridgewater Bancshares Inc runs the higher net margin — 37.7% vs 31.3%, a 6.4% gap on every dollar of revenue. Over the past eight quarters, Bridgewater Bancshares Inc's revenue compounded faster (31.4% CAGR vs -2.8%).
Bridgewater Bancshares IncBWBEarnings & Financial Report
Bridgewater Bancshares Inc. is a regional bank holding company headquartered in Minnesota, U.S. It offers a full suite of commercial and retail banking services including business loans, deposit products, residential mortgages, and personal banking solutions, primarily serving SMEs, individual consumers and local commercial clients in its operating areas.
Cass Information Systems Inc is a leading provider of integrated financial automation and information management solutions for enterprises. Its core services cover freight payment processing, utility expense management, commercial payment services, and supporting data analytics tools, helping clients streamline financial workflows, cut operational costs, and gain clearer cross-category spending visibility to support smarter business decisions.
BWB vs CASS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $46.2M | $26.2M |
| Net Profit | $17.4M | $8.2M |
| Gross Margin | — | — |
| Operating Margin | — | 38.1% |
| Net Margin | 37.7% | 31.3% |
| Revenue YoY | — | -1.3% |
| Net Profit YoY | 80.7% | 78.3% |
| EPS (diluted) | $0.58 | $0.61 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $46.2M | — | ||
| Q4 25 | $38.8M | $26.2M | ||
| Q3 25 | $36.2M | $27.4M | ||
| Q2 25 | $36.1M | $27.6M | ||
| Q1 25 | $32.3M | $26.8M | ||
| Q4 24 | $29.5M | $26.5M | ||
| Q3 24 | $27.1M | $28.1M | ||
| Q2 24 | $26.8M | $27.6M |
| Q1 26 | $17.4M | — | ||
| Q4 25 | $13.3M | $8.2M | ||
| Q3 25 | $11.6M | $9.1M | ||
| Q2 25 | $11.5M | $8.9M | ||
| Q1 25 | $9.6M | $9.0M | ||
| Q4 24 | $8.2M | $4.6M | ||
| Q3 24 | $8.7M | $2.9M | ||
| Q2 24 | $8.1M | $4.5M |
| Q1 26 | — | — | ||
| Q4 25 | 44.2% | 38.1% | ||
| Q3 25 | 41.8% | 42.3% | ||
| Q2 25 | 42.0% | 22.8% | ||
| Q1 25 | 39.2% | 40.6% | ||
| Q4 24 | 35.6% | 19.7% | ||
| Q3 24 | 41.9% | 13.4% | ||
| Q2 24 | 39.7% | 20.2% |
| Q1 26 | 37.7% | — | ||
| Q4 25 | 34.3% | 31.3% | ||
| Q3 25 | 32.1% | 33.2% | ||
| Q2 25 | 31.9% | 32.1% | ||
| Q1 25 | 29.8% | 33.5% | ||
| Q4 24 | 27.8% | 17.3% | ||
| Q3 24 | 32.0% | 10.5% | ||
| Q2 24 | 30.3% | 16.2% |
| Q1 26 | $0.58 | — | ||
| Q4 25 | $0.42 | $0.61 | ||
| Q3 25 | $0.38 | $0.68 | ||
| Q2 25 | $0.38 | $0.66 | ||
| Q1 25 | $0.31 | $0.66 | ||
| Q4 24 | $0.26 | $0.34 | ||
| Q3 24 | $0.27 | $0.21 | ||
| Q2 24 | $0.26 | $0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $222.2M | $758.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $528.4M | $243.0M |
| Total Assets | $5.3B | $2.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.2M | — | ||
| Q4 25 | $123.5M | $758.4M | ||
| Q3 25 | $131.8M | $486.6M | ||
| Q2 25 | $217.5M | $431.2M | ||
| Q1 25 | $166.2M | $428.9M | ||
| Q4 24 | $229.8M | $680.1M | ||
| Q3 24 | $191.9M | $432.0M | ||
| Q2 24 | $134.1M | $441.7M |
| Q1 26 | $528.4M | — | ||
| Q4 25 | $517.1M | $243.0M | ||
| Q3 25 | $497.5M | $243.4M | ||
| Q2 25 | $476.3M | $240.8M | ||
| Q1 25 | $469.0M | $234.2M | ||
| Q4 24 | $457.9M | $229.0M | ||
| Q3 24 | $452.2M | $237.6M | ||
| Q2 24 | $439.2M | $229.9M |
| Q1 26 | $5.3B | — | ||
| Q4 25 | $5.4B | $2.6B | ||
| Q3 25 | $5.4B | $2.5B | ||
| Q2 25 | $5.3B | $2.3B | ||
| Q1 25 | $5.1B | $2.3B | ||
| Q4 24 | $5.1B | $2.4B | ||
| Q3 24 | $4.7B | $2.3B | ||
| Q2 24 | $4.7B | $2.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $4.8M |
| Free Cash FlowOCF − Capex | — | $4.1M |
| FCF MarginFCF / Revenue | — | 15.8% |
| Capex IntensityCapex / Revenue | — | 2.7% |
| Cash ConversionOCF / Net Profit | — | 0.59× |
| TTM Free Cash FlowTrailing 4 quarters | — | $31.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.8M | $4.8M | ||
| Q3 25 | $9.4M | $12.3M | ||
| Q2 25 | $4.0M | $-1.3M | ||
| Q1 25 | $7.5M | $21.6M | ||
| Q4 24 | $46.4M | $18.6M | ||
| Q3 24 | $-6.0M | $-198.0K | ||
| Q2 24 | $10.6M | $10.7M |
| Q1 26 | — | — | ||
| Q4 25 | $22.0M | $4.1M | ||
| Q3 25 | $7.8M | $11.3M | ||
| Q2 25 | $2.8M | $-2.6M | ||
| Q1 25 | $6.9M | $19.0M | ||
| Q4 24 | $42.3M | $18.4M | ||
| Q3 24 | $-6.5M | $-2.2M | ||
| Q2 24 | $10.4M | $7.9M |
| Q1 26 | — | — | ||
| Q4 25 | 56.6% | 15.8% | ||
| Q3 25 | 21.5% | 41.1% | ||
| Q2 25 | 7.8% | -9.5% | ||
| Q1 25 | 21.5% | 71.0% | ||
| Q4 24 | 143.4% | 69.5% | ||
| Q3 24 | -23.8% | -8.0% | ||
| Q2 24 | 38.9% | 28.6% |
| Q1 26 | — | — | ||
| Q4 25 | 15.1% | 2.7% | ||
| Q3 25 | 4.4% | 3.8% | ||
| Q2 25 | 3.2% | 4.9% | ||
| Q1 25 | 1.7% | 9.6% | ||
| Q4 24 | 13.8% | 0.7% | ||
| Q3 24 | 1.7% | 7.2% | ||
| Q2 24 | 0.7% | 10.1% |
| Q1 26 | — | — | ||
| Q4 25 | 2.09× | 0.59× | ||
| Q3 25 | 0.81× | 1.35× | ||
| Q2 25 | 0.35× | -0.15× | ||
| Q1 25 | 0.77× | 2.41× | ||
| Q4 24 | 5.65× | 4.06× | ||
| Q3 24 | -0.69× | -0.07× | ||
| Q2 24 | 1.31× | 2.38× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BWB
| Net Interest Income | $36.6M | 79% |
| Noninterest Income | $9.6M | 21% |
CASS
| Processing Fees | $15.9M | 61% |
| Financial Fees | $9.9M | 38% |
