Bridgewater Bancshares Inc — Form 8-K
Filed July 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Bridgewater Bancshares (market cap ~$348.5M) reported Q2 2026 net income of $14.0M ($0.45 diluted EPS) vs. $17.4M in Q1 2026. Net interest income grew $1.9M to $38.6M; NIM expanded 8 bps to 3.07% (core NIM 2.94%). Gross loans rose $58.3M (5.4% annualized) to $4.43B; total deposits grew $40.7M to $4.35B but core deposits fell $29.9M. Tangible book value per share increased to $16.61 (up 17.1% annualized). Company repurchased 38,659 shares for $700K. Nonperforming assets rose to 0.40% of assets from 0.22%.
Why this rating
Earnings slightly down QoQ but driven by non-recurring items (Q1 had $7.3M securities gain). Core operational momentum: NIM +45 bps YoY, loan growth 6.8% YoY, profitability improving. At $348.5M market cap, $14M quarterly earnings = 4.0% ROA, solid but not transformational. Asset growth modest relative to size. No material M&A or restructuring.
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