Bridgewater Bancshares Posts $15M Q3 Net Income, Up From $14M in Q2
BWB sits 28% above its 52-week low of $16.06.
Summary
Bridgewater Bancshares reported third-quarter net income of $15 million, up from $14.0 million in Q2 2026, when profit had already grown 22% year over year on a 3.07% net interest margin. Third-quarter EPS came in at 49c, and the efficiency ratio fell to 48.8% from 53.0% in Q2 while net interest margin rose to 3.09%. The board declared a $0.3672 per depositary share preferred dividend payable Dec. 1. The sequential gain points to continued margin expansion at the $575M-market-cap bank. Beyond the bottom line, per-share figure, efficiency and margin, revenue, credit metrics and book value are still unknown. Insider selling has been steady through the summer, including CEO Jerry Baack's $568K sale in late July and director David Juran's $867K in August, though none of that reflects on the quarter itself. The $50M at-the-market program and $12.4M remaining buyback are the capital backdrop.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Bridgewater's Q3 efficiency ratio fell to 48.8% from 53.0% in Q2, net interest margin rose to 3.09%, and the board declared a $0.3672 per depositary share preferred dividend payable Dec. 1.
At the time of this announcement, BWB was trading at $20.61 on NASDAQ in the Finance sector, with a market capitalization of approximately $574.7M. The 52-week trading range was $16.06 to $22.62. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.