Bridgewater Bancshares posted Q2 2026 net income of $14 million, down from $17.4 million in Q1 2026; diluted EPS was $0.45.
Net interest income rose $1.9 million, or 21% annualized, to $38.6 million; net interest margin widened 0.08 percentage point to 3.07%.
Noninterest income fell to $2.3 million from $9.6 million in Q1, reflecting no net gain on sales of securities versus $7.3 million.
Gross loans increased $58.3 million, or 5.4% annualized, to $4.43 billion; deposits climbed $40.7 million, or 3.8% annualized, to $4.35 billion.
Nonperforming assets rose to 0.40% of total assets from 0.22%; CEO Jerry Baack cited improved revenue trends, margin expansion, loan repricing, and continued hiring.
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