10-K · February 26, 2026
Bridgewater Bancshares reported continued organic growth in 2025 with total assets of $5.41 billion, gross loans of $4.31 billion and deposits of $4.32 billion as of December 31, 2025. Revenue increased to about $293.0…
Earnings analysis · 10-Q
BWB earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
Bridgewater Bancshares reported strong first-quarter 2026 performance, with actual revenue of $46.211 million exceeding estimates by 23.03%, though EPS of $0.41 slightly missed the consensus of $0.42. The company's…
Read full summary
Bridgewater Bancshares reported strong first-quarter 2026 performance, with actual revenue of $46.211 million exceeding estimates by 23.03%, though EPS of $0.41 slightly missed the consensus of $0.42. The company's notable increase in revenue and net income highlights its growth momentum as interest income expands amid a stable operating environment.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.41
- Gross margin
- 47.56%
What stood out
-
Revenue Exceeded Estimates
Q1 2026 revenue reached $46.211 million, up 39.4% from $33.152 million in Q1 2025.
-
Solid EPS Growth
Diluted EPS rose to $0.41, a 32.3% increase from $0.31 in Q1 2025.
-
Gross Margin Improvement
Gross margin increased to 47.56% from 44.88% in Q1 2025.
-
Russell Investments
Net income increased to $16.393 million, nearly doubling from $8.620 million a year earlier.
-
Interest Income Growth
Net interest income increased to $36.647 million, compared to $30.208 million in Q1 2025.
-
Noninterest Income Surge
Total noninterest income saw a significant rise to $9.564 million from $2.079 million.
What to watch
-
Interest Rate Risk
Potential fluctuations in interest rates could adversely impact net interest income, affecting profitability.
-
Credit Risk Concerns
The risk associated with the allowance for credit losses, which stood at $57.277 million, could lead to higher provisions if the economy deteriorates.
-
Reliance on Non-Core Funding
Increased dependence on brokered deposits could elevate costs and liquidity risks amidst shifting market conditions.
Management's outlook
The 10-Q did not provide explicit numeric guidance, with the outlook depended on future market conditions.
Earlier filings 4
10-Q · October 30, 2025
Bridgewater Bancshares reported quarter-over-quarter and year-over-year revenue and earnings growth driven by higher net interest income and loan growth. Q3 2025 net revenue (net interest income plus noninterest income)…
10-Q · October 31, 2024
Bridgewater reported quarter revenue of $27,121,000 (net interest income $25,599,000 + noninterest income $1,522,000), essentially flat vs prior year ($27,147,000). Diluted EPS was $0.27 (beat consensus $0.24), but net…
10-K · March 7, 2024
Bridgewater Bancshares is a single-bank financial holding company focused on commercial real estate and multifamily lending in the Twin Cities MSA. As of December 31, 2023 the company reported $4.61 billion in total…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.