Quarterly ResultOct 20, 2026, 04:23 PM
Bridgewater Bancshares Q3 Net Income $15.0M; EPS $0.49; Loans Up 7.2%
AI Summary
Bridgewater Bancshares, Inc. announced its third quarter 2026 financial results, reporting a net income of $15.0 million, or $0.49 per diluted common share. The company saw significant growth in both loans and deposits, with gross loans increasing by 7.2% annualized and total deposits by 11.6% annualized. Net interest margin expanded to 3.09%, and the efficiency ratio improved to 48.8%. The Board of Directors also declared a quarterly cash dividend on its Series A Preferred Stock.
Key Highlights
- Net income of $15.0 million, or $0.49 per diluted common share for Q3 2026.
- Pre-provision net revenue increased $2.9 million (60.4% annualized) from Q2 2026.
- Net interest margin (fully tax-equivalent) was 3.09%, up two basis points from Q2 2026.
- Gross loans increased by $80.4 million (7.2% annualized) from Q2 2026.
- Total deposits increased by $126.8 million (11.6% annualized) from Q2 2026.
- Core deposits increased by $165.3 million (19.6% annualized) from Q2 2026.
- Annualized net loan charge-offs increased to 0.21% from 0.04% in Q2 2026.
- Board of Directors declared a quarterly cash dividend on Series A Preferred Stock.
Price Impact
More from BWB