Bridgewater Bancshares Third-Quarter Profit Rises to $15 Million

Bridgewater Bancshares, Inc., the parent of Bridgewater Bank, earned $15.0 million in the third quarter of 2026, up from a year earlier, while deposits and net interest income increased.

Net income was $11.6 million in the third quarter of 2025. Diluted earnings were $0.49 per share in the latest quarter, as were adjusted diluted earnings, a non-GAAP measure. Net operating revenue totaled $43.2 million.

Net interest income reached $40.7 million, compared with $38.6 million in the second quarter of 2026. Deposits increased by $126.8 million during the quarter.

The provision for credit losses also rose, reaching $2.8 million from $550,000 in the second quarter. Bridgewater will discuss the results on an earnings call Oct. 21 at 9 a.m. ET (13:00 UTC).