The floating bridge bears the dead weight and live load with buoyancy, and has wide application prospect in deep-water transportation infrastructure. The structural analysis of floating bridge is challenging due to the complicated fluid-solid coupling effects of wind and wave. In this research, a novel time domain approach combining dynamic finite element method and state-space model (SSM) is established for the refined analysis of floating bridges. The dynamic coupled effects induced by wave excitation load, radiation load and buffeting load are carefully simulated. High-precision fitted SSMs for pontoons are established to enhance the calculation efficiency of hydrodynamic radiation forces in time domain. The dispersion relation is also introduced in the analysis model to appropriately consider the phase differences of wave loads on pontoons. The proposed approach is then employed to simulate the dynamic responses of a scaled floating bridge model which has been tested under real wind and wave loads in laboratory. The numerical results are found to agree well with the test data regarding the structural responses of floating bridge under the considered environmental conditions. The proposed time domain approach is considered to be accurate and effective in simulating the structural behaviors of floating bridge under typical environmental conditions.