Bridgewater Bancshares Inc (BWB) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 30, 2026

Risk Assessment Details

Potential Dilution: 40.2% of current shares
Recent Dilution: 3.12% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
28M
Potential Supply
11M
Additional shares possible
Splits
None
Past 2 years

Summary

BWB currently has 27.8M outstanding shares. with moderate dilution risk from 11.2M authorized shares representing 40.2% potential dilution. The company has minimally diluted shareholders by 3.12% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 30, 2026

10-Q filing | 27.8M shares outstanding

28M 11M
Oct 30, 2025

10-Q filing | 27.5M shares outstanding

28M 11M
Jun 24, 2025

8-K filing: Bridgewater Bancshares, Inc. sold and issued $80.0 million in aggregate principal amount of its 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 to certain institutional accredited investors and qualified institutional buyers. ($80.0M proceeds)

28M 11M
May 01, 2025

10-Q filing | 27.6M shares outstanding

28M 11M
Mar 06, 2025

10-K filing | 27.9M shares outstanding

28M 11M
Feb 03, 2025

S-3 filing: Bridgewater Bancshares, Inc. is filing an S-3 to offer and sell up to $150,000,000 of various securities including common stock, preferred stock, debt securities, depositary shares, subscription rights, stock purchase contracts and stock purchase units.

27M 12M
Oct 31, 2024

10-Q filing | 27.4M shares outstanding

27M 640K
Aug 01, 2024

10-Q filing | 27.4M shares outstanding

27M 640K
May 02, 2024

10-Q filing | 27.7M shares outstanding

28M 340K
Mar 07, 2024

10-K filing | 27.9M shares outstanding

28M 170K
Nov 02, 2023

10-Q filing | 27.9M shares outstanding

28M 84K
Aug 03, 2023

10-Q filing | 27.9M shares outstanding

28M 140K
May 04, 2023

10-Q filing | 27.7M shares outstanding

28M 300K
Mar 07, 2023

10-K filing | 27.8M shares outstanding

28M 270K
Nov 03, 2022

10-Q filing | 27.5M shares outstanding

28M 510K
Aug 04, 2022

10-Q filing | 27.8M shares outstanding

28M 190K
May 05, 2022

10-Q filing | 28.1M shares outstanding

28M 0
Apr 27, 2022

S-3 filing: Bridgewater Bancshares, Inc. may offer and sell, at any time and from time to time, in one or more offerings, together or separately, any combination of common stock, preferred stock, debt securities, depositary shares, subscription rights, stock purchase contracts, and stock purchase units. The aggregate initial offering price of the securities will not exceed $150,000,000.

28M 0
Mar 08, 2022

10-K filing | 28.0M shares outstanding

28M 0
Nov 04, 2021

10-Q filing | 28.0M shares outstanding

28M 0
Aug 20, 2021

8-K filing: Bridgewater Bancshares, Inc. announces that the underwriters of the Company's public offering of 2,400,000 depositary shares exercised in full their option to purchase 360,000 additional depositary shares to cover over-allotments, which were delivered on August 20, 2021.

28M 0
Aug 17, 2021

8-K filing: Bridgewater Bancshares, Inc. completed a public offering of 2,400,000 depositary shares, each representing a 1/100th interest in a share of the Company's 5.875% Non-Cumulative Perpetual Preferred Stock, Series A, with net proceeds of approximately $57.8 million. ($57.8M proceeds)

28M 0
Aug 12, 2021

8-K filing: Bridgewater Bancshares, Inc. announced the pricing of its underwritten public offering of 2,400,000 depositary shares, each representing a 1/100th ownership interest in a share of the Company's 5.875% Non-Cumulative Perpetual Preferred Stock, Series A.

28M 0
Jul 30, 2021

10-Q filing | 28.0M shares outstanding

28M 0
May 06, 2021

10-Q filing | 28.0M shares outstanding

28M 0
Mar 11, 2021

10-K filing | 29.2M shares outstanding

29M 0
Nov 05, 2020

10-Q filing | 28.7M shares outstanding

29M 0
Aug 06, 2020

10-Q filing | 28.7M shares outstanding

29M 0
May 07, 2020

10-Q filing | 30.1M shares outstanding

30M 0
Mar 12, 2020

10-K filing | 29.0M shares outstanding

29M 0
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