Bridgewater Bancshares Reports Q2 2026 Net Income of $14.0M, NIM Expands to 3.07%, Declares Preferred Dividend
BWB sits 47% above its 52-week low of $14.9.
Summary
Bridgewater Bancshares reported Q2 2026 net income of $14.0 million ($0.45 diluted EPS), driven by NIM expansion and loan growth. The board declared a quarterly preferred dividend and the company repurchased $700,000 in common stock.
Key Events · Earnings and Guidance · BWB
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Q2 2026 Earnings
Net income of $14.0 million, or $0.45 per diluted share, compared to $17.4 million in Q1 2026 and $11.5 million in Q2 2025. The sequential decline was driven by the absence of a $7.3 million securities gain recognized in Q1.
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Net Interest Margin Expansion
Net interest margin (fully tax-equivalent) increased 8 basis points to 3.07%, driven by higher loan yields (5.91%, up 10 bps) and stable deposit costs (2.80%). Core NIM also rose 8 bps to 2.94%.
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Balance Sheet Growth
Gross loans grew $58.3 million (5.4% annualized) to $4.43 billion, led by multifamily. Total deposits increased $40.7 million (3.8% annualized) to $4.35 billion, though core deposits declined $29.9 million.
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Capital and Shareholder Returns
Tangible book value per share rose to $16.61, up 17.1% annualized. The company repurchased 38,659 shares at an average price of $18.12 for $700,000 and declared a quarterly preferred dividend of $0.3672 per depositary share.
Analysis · BWB · Finance
Bridgewater Bancshares delivered solid second-quarter results with net interest margin expanding eight basis points to 3.07% and net interest income growing 21% annualized. Profitability dipped sequentially due to the absence of a large securities gain in Q1, but core trends are positive: loan yields rose, deposit costs stabilized, and credit quality remained strong with net charge-offs of just 0.04%. The company also repurchased $700,000 in stock and declared its regular preferred dividend. The results reinforce the bank's ability to grow profitably in a competitive environment, though the uptick in nonperforming assets to 0.40% warrants monitoring.
How filings like this one have moved
In the 30 days to Sep 17, 2026, 29.7% of the 1739 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.34%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, BWB was trading at $21.89 on NASDAQ in the Finance sector, with a market capitalization of approximately $610.4M. The 52-week trading range was $14.90 to $22.59. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.