Filing Flows

Filing Flows › Comparisons › INBK vs BWB

First Internet Bancorp vs Bridgewater Bancshares: INBK and BWB compared

First Internet Bancorp is the larger company: $43.9M of revenue in its latest quarter (Q3 2026) against $43.2M for Bridgewater Bancshares (Q3 2026). First Internet Bancorp is growing faster (+670% against +20% a year earlier). Bridgewater Bancshares is more profitable, with an operating margin of 44.3% against 11.5%.

First Internet Bancorp vs Bridgewater Bancshares, latest quarterFirst Internet Bancorp vs Bridgewater Bancshares, latest quarterFirst Internet Bancorp (INBK)Bridgewater Bancshares (BWB)Revenue$43.9M$43.2MRevenue growth, Y/Y+670%+20%Operating margin11.5%44.3%Net margin11.0%34.8%Free cash flow$29.4M$45.5M

Where the money goes: INBK and BWB

First Internet Bancorp (INBK) · Q3 2026

First Internet Bancorp, Q3 2026: revenue $43.9M (+670% year over year), operating margin 11.5%, net earnings $4.8M, operating cash flow $29.4M. The chart follows the revenue to costs, profit and cash.

Bridgewater Bancshares (BWB) · Q3 2026

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.

First Internet Bancorp revenue by segment, Q3 2026First Internet Bancorp revenue by segment, Q3 2026Net interest income$34.7MNoninterest income$9.2M
Bridgewater Bancshares revenue by segment, Q3 2026Bridgewater Bancshares revenue by segment, Q3 2026Net interest income$40.7MNoninterest income$2.6M
First Internet Bancorp (INBK)Bridgewater Bancshares (BWB)
Latest quarterQ3 2026Q3 2026
Revenue$43.9M$43.2M
Revenue growth, Y/Y+670%+20%
Operating margin11.5%44.3%
Net earnings$4.8M$15.0M
Net margin11.0%34.8%
Operating cash flow$29.4M$46.0M
Free cash flow$29.4M$45.5M

Where the revenue comes from

First Internet Bancorp

Bridgewater Bancshares

Questions

Which is bigger, First Internet Bancorp or Bridgewater Bancshares?

First Internet Bancorp is the larger company: $43.9M of revenue in its latest quarter (Q3 2026) against $43.2M for Bridgewater Bancshares (Q3 2026).

Is First Internet Bancorp or Bridgewater Bancshares growing faster?

First Internet Bancorp is growing faster (+670% against +20% a year earlier).

Which is more profitable, First Internet Bancorp or Bridgewater Bancshares?

Bridgewater Bancshares is more profitable, with an operating margin of 44.3% against 11.5%.

More: First Internet Bancorp earnings · how First Internet Bancorp makes money · Bridgewater Bancshares earnings · how Bridgewater Bancshares makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.