Quarterly ResultJul 21, 2026, 04:22 PM
Bridgewater Bancshares Q2 Net Income $14.0M, EPS $0.45
AI Summary
Bridgewater Bancshares Inc. announced its second quarter 2026 financial results, reporting net income of $14.0 million and diluted EPS of $0.45. While net income and EPS decreased quarter-over-quarter, net interest income grew by 21.0% annualized, and net interest margin expanded by 8 basis points. The company also saw growth in its loan and deposit portfolios, but nonperforming assets increased. Additionally, the Board of Directors declared a quarterly cash dividend of $36.72 per share on its Series A Preferred Stock.
Key Highlights
- Net income was $14.0 million for Q2 2026, down from $17.4 million in Q1 2026 but up from $11.5 million in Q2 2025.
- Diluted earnings per common share were $0.45 for Q2 2026, compared to $0.58 in Q1 2026 and $0.38 in Q2 2025.
- Net interest income increased by $1.9 million, or 21.0% annualized, from Q1 2026 to $38.6 million.
- Net interest margin (FTE) expanded to 3.07% in Q2 2026, an increase of eight basis points from Q1 2026.
- Gross loans increased by $58.3 million, or 5.4% annualized, from Q1 2026 to $4.43 billion.
- Total deposits increased by $40.7 million, or 3.8% annualized, from Q1 2026 to $4.35 billion.
- Nonperforming assets to total assets rose to 0.40% at June 30, 2026, from 0.22% at March 31, 2026.
- The Board declared a quarterly cash dividend of $36.72 per share on Series A Preferred Stock.
Price Impact
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