Bridgewater Bancshares Inc — Form 8-K
Filed October 20, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Bridgewater Bancshares reported Q3 2026 net income of $15.0M ($0.49 diluted EPS) vs. $14.0M in Q2 2026 and $11.6M in Q3 2025. Gross loans increased $80.4M (7.2% annualized) to $4.51B; total deposits increased $126.8M (11.6% annualized) to $4.47B, with core deposits up $165.3M (19.6% annualized). Net interest margin expanded 2 bps to 3.09% (core NIM +4 bps to 2.98%). Efficiency ratio improved to 48.8% from 53.0%. Pre-provision net revenue rose $2.9M (60.4% annualized). Nonperforming assets to total assets declined to 0.37% from 0.40%. No counterparties or material M&A announced. Share count unchanged; $12.4M remaining under repurchase authorization.
Why this rating
Solid operational quarter with balanced growth and profitability gains. Loan and deposit growth of 6–7% annualized, NIM expansion, efficiency gains, and improving asset quality are real achievements for a $348M market-cap bank. However, these are normal execution metrics for a mid-sized regional bank—no transformational event or major strategic pivot. Good news but not trajectory-changing.
See more from October 20, 2026.
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