Bridgewater Bancshares (NASDAQ:BWB) reported Q3 2026 net income of $15.0 million, up 7.1% from the prior quarter, and diluted EPS of $0.49. Preprovision net revenue rose 15.2% to $21.9 million, helped by net interest margin expanding to 3.09% and the efficiency ratio improving from 53.0% to 48.8%. Gross loans reached $4.51 billion, core deposits rose $165.3 million, and nonperforming assets fell to 37 basis points of total assets. The bank recorded a $2.4 million charge-off on a $10 million multifamily loan and warned that part of the $5.3 million reserve on an $8.6 million office loan could migrate to charge-offs. Management expects mid-single-digit loan growth in the near term.
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