Bridgewater Bancshares, Inc. Announces Third Quarter 2026 Financial Results
Bridgewater Bancshares reported Q3 2026 net income of $15.0 million, or $0.49 per diluted share, up from $11.6 million and $0.38 a year earlier. Net interest margin expanded to 3.09% on loan repricing and lower deposit costs, and the efficiency ratio improved to 48.8% — below 50% for the first time since Q1 2023. Gross loans grew $80.4 million (7.2% annualized) and deposits rose $126.8 million (11.6% annualized). The board declared a $36.72 per share quarterly dividend on the Series A preferred stock (BWBBP), payable December 1, 2026.
Key figures
- Eps
- 0.49
- Revenue
- $40.7 million net interest income
- Revenue Yoy
- 19.4% net interest income growth ($40.7M vs $34.1M)
- Npa ratio
- 0.37%
- Cet1 ratio
- 9.63%
- Net income
- 15028000
- Gross loans
- 4506834000
- Total assets
- 5615482000
- Npm ratio note
- NIM up 2 bps QoQ, 46 bps YoY
- Total deposits
- 4473019000
- Efficiency ratio
- 48.8%
- Net charge offs pct
- 0.21% annualized
- Net interest income
- 40658000
- Net interest margin
- 3.09%
- Provision for credit losses
- 2750000
- Tangible book value per share
- 16.33
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