Bridgewater Bancshares Inc

For the period ended Mar 31, 2026. Filed Apr 30, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed Apr 30, 2026

BWB$20.64+0.2%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Income

(dollars in thousands, except per share data)


· · Three Months Ended
· · March 31, · · March 31,
· · 2026 · · 2025
INTEREST INCOME · · · ·
Loans, Including Fees	$61,726	$53,820
Investment Securities	6,923	9,397
Other	1,316	2,491
Total Interest Income	69,965	65,708

INTEREST EXPENSE
Deposits	28,793	32,103
Federal Funds Purchased	238	—
Notes Payable	—	258
FHLB Advances	2,438	2,156
Subordinated Debentures	1,849	983
Total Interest Expense	33,318	35,500

NET INTEREST INCOME	36,647	30,208
Provision for Credit Losses	1,200	1,500

NET INTEREST INCOME AFTER
PROVISION FOR CREDIT LOSSES	35,447	28,708

NONINTEREST INCOME
Customer Service Fees	527	495
Net Gain on Sales of Available for Sale Securities	7,251	1
Letter of Credit Fees	185	455
Debit Card Interchange Fees	201	137
Swap Fees	240	42
Bank-Owned Life Insurance	447	379
Investment Advisory Fees	213	325
Other Income	500	245
Total Noninterest Income	9,564	2,079

NONINTEREST EXPENSE
Salaries and Employee Benefits	13,492	11,371
Occupancy and Equipment	1,375	1,234
FDIC Insurance Assessment	780	450
Data Processing	611	619
Professional and Consulting Fees	1,196	994
Derivative Collateral Fees	168	451
Information Technology and Telecommunications	1,067	971
Marketing and Advertising	776	327
Intangible Asset Amortization	226	230
FHLB Prepayment Penalty	982	—
Other Expense	1,497	1,489
Total Noninterest Expense	22,170	18,136

INCOME BEFORE INCOME TAXES	22,841	12,651
Provision for Income Taxes	5,435	3,018
NET INCOME	17,406	9,633
Preferred Stock Dividends	(1,013)	(1,013)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$16,393	$8,620

EARNINGS PER SHARE
Basic	$0.59	$0.31
Diluted	0.58	0.31

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.