Bridgewater Bancshares, Inc. (BWB) Earnings
Bridgewater Bancshares, Inc. is expected to report next earnings on July 22, 2026 (in NaN days), with a consensus EPS estimate of $0.46. BWB has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +0.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 22, 2026 | $0.42 | $0.41 | -2.4% | $39M | -0.9% |
| Jan 27, 2026 | $0.42 | $0.44 | +4.8% | $39M | +5.1% |
| Oct 21, 2025 | $0.41 | $0.39 | -4.9% | $36M | -0.2% |
| Jul 23, 2025 | $0.35 | $0.37 | +5.7% | $36M | +4.4% |
| Apr 23, 2025 | $0.29 | $0.32 | +10.3% | $32M | +6.6% |
| Jan 30, 2025 | $0.24 | $0.27 | +12.5% | $29M | +8.9% |
| Oct 23, 2024 | $0.24 | $0.28 | +16.7% | $27M | -1.3% |
| Jul 24, 2024 | $0.24 | $0.26 | +8.3% | $26M | -4.7% |
| Jan 24, 2024 | $0.25 | $0.28 | +12.0% | $25M | -8.1% |
| Oct 25, 2023 | $0.27 | $0.30 | +11.1% | $27M | -2.2% |
| Jul 26, 2023 | $0.31 | $0.31 | +0.0% | $27M | -11.2% |
| Jan 25, 2023 | $0.47 | $0.45 | -4.3% | $35M | -4.6% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 22, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Net interest margin expansion: Near 3% in Q1 with deposit costs decline and loan repricing. Continued net interest income growth despite balance sheet shrinkage from security sales. - Balance sheet efficiency actions: Sold securities for net gains and prepaid higher cost FHLB advances, improving funding mix and future profitability. - Loan and deposit growth: Loan portfolio grew 5.5% annualized, core deposits increased 3.2% annualized, with strong pipeline and improved deposit mix. - Credit profile: Strong with low net charge-offs and non-performing assets, well-reserved at 1.31% of total loans. - Strategic priorities: Focus on taking market share profitably, growing affordable housing vertical, and leveraging AI in technology.
Guidance
- Net interest margin: Expect slow additional expansion over coming quarters, with margin resetting higher and earning asset growth set to return. - Loan growth: On track for high single-digit loan growth in 2026, dependent on core deposit growth and competitive dynamics. - Expenses: Adjusted non-interest expense expected to track with asset growth over time, though first quarter had elevated expenses due to seasonality and investments. - Capital: Comfortable with current capital levels and optionality of ATM, with organic growth prospects being key.
Segment performance
Net interest margin expanded to 2.99% in Q1, nearly reaching the expected 3% by end of 2026. Deposit costs declined and loans repriced higher. Loan portfolio grew 5.5% annualized with core deposit balances increasing 3.2% annualized. Asset quality remained positive with net charge-offs and non-performing assets declining. CET1 increased 36 basis points to 9.53%. Tangible book value increased 9.9% annualized to $15.93 per share. Core deposit momentum continued with 3.2% annualized growth and improved deposit mix. Loan pipeline was strong with CNI being a large growth category, especially in affordable housing.
Analyst Q&A
Q: Brendan Nozle from HVD Group asked about capital and ATM tap,
A: Joe said they're opportunistic with ATM, comfortable with current capital and optionality.
Q: Brendan asked about hires and M&A,
A: Nick said they're well-positioned to take advantage of M&A disruption with C&I hires.
Q: Brendan asked about securities impact on NIM,
A: Joe said security sale contributed but was small, bigger impact from deposit cost decline.
Q: Jeff Rulis from DA Davidson asked about M&A and margin tail benefit,
A: Jerry said M&A activity slowed but organic growth is priority, Joe said securities sale had tail benefit and deposit betas outperformed.
Q: Nathan Race from Piper Sandler asked about yield pickup on loans,
A: Joe said yield pickup is balanced throughout year.
Q: Nathan asked about deposit gathering and competitors,
A: Nick said competitive market with low-hanging fruit on deposits from hired teams.
Q: Nathan asked about expenses and 2Q expenses,
A: Joe said expenses have step up due to merit, headcount, and marketing, but long-term aligned with asset growth.
Q: Brandon Rood from Stevens asked about deposits and multifamily portfolio,
A: Joe said deposits closer to period end, Nick said multifamily portfolio not a broader trend with strong pipeline.