Bridgewater Bancshares Reports Q3 2026 Earnings Growth Driven by Higher Yields and Deposit Expansion
Bridgewater Bancshares (BWB) reported strong third-quarter 2026 financial results, highlighted by a 7.1% increase in net income to $15.0 million and diluted earnings per share of $0.49. The bank saw significant expansion in preprovision net revenue, which grew 15.2% compared to the previous quarter. This growth was supported by an expanding net interest margin of 3.09%, driven by the repricing of loans and investment securities at higher yields. The company demonstrated improved operational efficiency with an efficiency ratio of 48.8%. While core deposits grew significantly, management noted a strategic decrease in brokered deposits as organic funding increased. Despite these gains, the bank addressed specific credit risks, including a $2.4 million charge-off on a multifamily loan and potential future volatility regarding office loans in central business districts.
Tickers: $BWB
Topics: asset quality deposit growth earnings per share loan growth net income net interest margin
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