Bridgewater Bancshares Inc reported second-quarter 2026 results with higher revenue and earnings versus the year-ago quarter, driven by loan growth and improved loan yields that lifted core net interest income.
Financial Highlights
- Revenue: Total interest income $72.7M for Q2 2026 vs $69.2M in year-ago quarter (5.0% YoY).
- Net income: Net income available to common shareholders $13.0M for Q2 2026 vs $10.5M in year-ago quarter (23.7% YoY).
- Diluted EPS: $0.45 for Q2 2026 vs $0.38 in year-ago quarter (18.4% YoY).
Business Highlights
- Revenue growth was led by higher net interest income from loan growth and increased loan yields, strengthening core revenue generation.
- Management sold $208.5M of securities to reposition the balance sheet toward earning assets and improve liquidity flexibility.
- Opened a new Lake Elmo branch to expand presence on the eastern Twin Cities and support local customer acquisition.
- Maintained a branch-light model with an efficiency ratio near peer-leading levels while investing in IT and talent.
- Loan origination growth continued, concentrated in multifamily and commercial real estate lending, with active risk monitoring.
Original SEC Filing:
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