Bridgewater Bancshares, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on October 29, 2026, reporting third-quarter net income of $15,028 thousand and nine-month net income of $46,441 thousand.

Key Highlights

  • Q3 net income: $15,028 thousand for the three months ended September 30, 2026, compared to $11,601 thousand in the same period of 2025, according to the filing.
  • Net interest income: $40,658 thousand for Q3 2026, up from $34,091 thousand in Q3 2025, as reported in the consolidated statements of income.
  • Total assets: $5,615,482 thousand at September 30, 2026, compared to $5,407,002 thousand at December 31, 2025.
  • Diluted EPS: $0.49 for Q3 2026 and $1.52 for the nine months ended September 30, 2026, per the filing.
  • Total deposits: $4,473,019 thousand at September 30, 2026, up from $4,320,369 thousand at December 31, 2025.
  • Shares outstanding: 28,014,252 common shares as of October 27, 2026, as stated on the cover page.

Bridgewater Bancshares Third-Quarter 2026 Financial Results

According to the filing, Bridgewater Bancshares (NASDAQ:BWB) reported net income of $15,028 thousand for the three months ended September 30, 2026, an increase from $11,601 thousand in Q3 2025. For the nine months ended September 30, 2026, net income reached $46,441 thousand, compared to $32,754 thousand in the comparable prior-year period. After preferred stock dividends of $1,013 thousand in Q3 2026, net income available to common shareholders was $14,015 thousand for the quarter and $43,401 thousand for the nine-month period.

The filing disclosed that total interest income was $76,645 thousand in Q3 2026, with loans including fees contributing $66,732 thousand. Total interest expense declined to $35,987 thousand from $39,542 thousand in Q3 2025, driven primarily by a reduction in deposit interest expense from $34,615 thousand to $30,943 thousand. Total noninterest income for Q3 2026 was $2,573 thousand, while total noninterest expense rose to $21,341 thousand from $19,956 thousand in the year-ago quarter, with salaries and employee benefits increasing from $12,229 thousand to $14,353 thousand. The provision for credit losses was $2,750 thousand in Q3 2026, compared to $1,100 thousand in Q3 2025.

On the balance sheet, the company reported net loans of $4,440,126 thousand at September 30, 2026, compared to $4,244,108 thousand at December 31, 2025, with an allowance for credit losses of $57,819 thousand. Total shareholders' equity stood at $541,392 thousand, up from $517,095 thousand at year-end 2025. Accumulated other comprehensive loss was $(22,863) thousand at September 30, 2026, compared to a gain of $561 thousand at December 31, 2025. In addition to its common stock (NASDAQ:BWB), the company also lists depositary shares under the symbol BWBBP on The Nasdaq Stock Market LLC.

What Was Disclosed

Bridgewater Bancshares filed its unaudited quarterly report for the period ended September 30, 2026, disclosing Q3 net income of $15,028 thousand, total assets of $5,615,482 thousand, and diluted earnings per share of $0.49. The company had 28,014,252 common shares outstanding as of October 27, 2026.