Filing Flows › Bridgewater Bancshares (BWB) › Q3 2026
Bridgewater Bancshares (BWB) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Bridgewater Bancshares (BWB) reported revenue of $43.2M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +6% from the quarter before. Operating margin was 44.3%, net earnings $15.0M (34.8% of revenue).
Bridgewater Bancshares, Q3 2026: revenue $43.2M (+20% year over year), operating margin 44.3%, net earnings $15.0M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $43.2M | +6% | +20% |
| Operating profit | $19.1M | +4% | +27% |
| Net earnings | $15.0M | +7% | +30% |
| Operating cash flow | $46.0M | +362% | +353% |
| Free cash flow | $45.5M | +389% | +433% |
What changed
Revenue was $43.2M in Q3 2026, up 20% year over year and up 6% from the previous quarter. Net interest income was the largest line at 94% of revenue. Net interest income added $6.6M year over year (up 19%), 93% of the total change.
Operating profit was $19.1M, a 44.3% margin (up 2.5 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 42% margin then. Total costs grew 14% against revenue growth of 20%. The fastest-growing cost line was Credit loss provision (+150%). Net earnings were $15.0M, up 30% year over year. The effective tax rate was 21.5%.
Operating cash flow was $46.0M (up 353% year over year), 306% of net earnings. Non-cash charges added back $631K of depreciation and amortization and $1.4M of share-based compensation. Working capital and other items added $29.0M. Capital expenditures of $431K left free cash flow of $45.5M.
Questions
What was Bridgewater Bancshares' revenue in the third quarter 2026?
Bridgewater Bancshares (BWB) reported revenue of $43.2M for the third quarter 2026 (Q3 2026), +20% from a year earlier and +6% from the quarter before.
Was Bridgewater Bancshares profitable in the third quarter 2026?
Operating profit was $19.1M (44.3% of revenue) and net earnings $15.0M.