Bridgewater Bancshares, Inc. functions as the holding company for Bridgewater Bank, which delivers a comprehensive array of banking products and services. Its ...
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Est. EPS $0.47 · Revenue $43.20M · 2 analysts
Est. EPS $0.51 · Revenue $44.40M · 2 analysts
Est. EPS $1.84 · Revenue $170.90M · 3 analysts
Est. EPS $0.48 · Revenue $44.55M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $291.6M | +16.0% | -69.6% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $46.1M | +40.4% | -19.5% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +47.2% | +13.9% | -176.6% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +21.1% | +24.0% | -429.4% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +15.8% | +21.1% | +165.1% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $22.0M | -48.1% | -16.8% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +7.5% | -55.2% | +174.0% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 98.3% | -0.6% | -5.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.11x | -35.0% | +43.3% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $5.4B | +6.7% | +1.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.50 vs 1.49 | +0.8% | 0.45 vs 0.45 | -0.6% |
| Revenue Surprise | $291.6M vs $142.8M | +104.2% | $24.1M vs $41.4M | -41.9% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Sep 2, 2026 | Juran David B. | director | Common Stock | D | 623 | $21.50 |
| Aug 31, 2026 | Shellberg Jeffrey D. | director | Common Stock | A | 6,250 | $12.92 |
| Aug 31, 2026 | Shellberg Jeffrey D. | director | Common Stock | A | 16,100 | $17.50 |
| Aug 31, 2026 | Shellberg Jeffrey D. | director | Common Stock | D | 17,206 | $21.07 |
| Aug 31, 2026 | Shellberg Jeffrey D. | director | Option to buy | D | 6,250 | $12.92 |
Operator: Good morning, welcome to the Bridgewater Bancshares 2026 second quarter earnings call. My name is Nick, I will be your conference operator today. All participants have been placed in a listen-only mode. After Bridgewater's opening remarks, there will be a question-and-answer session. To ask a question, please press star then one on your touchtone phone. If you are using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press star and then two. Please note that today's call is being recorded. At this time, I would like to introduce Justin Horstman, Vice President of Investor Relations, to begin the conference call. Please go ahead. Justin Horstman: Thank you, Nick, good morning, everyone. Joining me on today's call are Jerry Baack, Chairman and Chief Executive Officer, Joe Chybowski, President and Chief Financial Officer, Nick Place, Chief Banking Officer, and Katie Morrell, Chief Credit Officer. In just a few moments, we will provide an overview of our 2026 second quarter financial results. We'll be referencing a slide presentation that is available on the investor relations section of Bridgewater's website, investors.bridgewaterbankmn.com. Following our opening remarks, we will open the call for questions. During today's presentation, we may make projections or other forward-looking statements regarding future events or the future financial performance of the company. We caution that such statements are predictions and that actual results may differ materially. Please see the forward-looking statement disclosure in the slide presentation and our 2026 second quarter earnings release for more information about risks and uncertainties which may affect us. Justin Horstman: The information we'll provide today is as of and for the quarter ended June 30, 2026, and we undertake no duty to update the information. We may also disclose non-GAAP financial measures during this call. We believe that certain non-GAAP financial measures, in addition to the related GAAP measures, provide meaningful information to investors to help them understand the company's operating performance and trends and to facilitate comparisons with the performance of our peers. We caution that these disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP. Please see our slide presentation and 2026 second quarter earnings release for reconciliations of non-GAAP disclosures to the comparable GAAP measures. I would now like to turn the call over to Bridgewater's Chairman and CEO, Jerry Baack. Jerry Baack: Thank you, Justin, thank you for joining us this morning. I'm thrilled to say that Bridgewater reported another strong quarter. We continue to take market share, saw improved profitability, and built tangible book value. We surpassed a 1% ROA for the first time since early 2023, which was largely driven by continued net interest margin expansion and net interest income …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Gerald John Baack | Chief Executive Officer, Founder & Non Independent Executive Chairman | USD 1,131,560 | Male | 1967 | Active |
Joseph Chybowski | President & Chief Financial Officer | USD 780,706 | Male | 1987 | Active |
Nicholas L. Place | Chief Banking Officer | USD 598,997 | Male | 1985 | Active |
Lisa Salazar | Chief Operating Officer | USD 526,922 | Female | 1973 | Active |
Jeffrey D. Shellberg | Co-Founder, EVP, Secretary & Non Independent Executive Director | — | Male | 1962 | Active |
Jeffrey Bajek | Senior VP & Senior Credit Officer | — | Male | — | Active |
Jessica Stejskal | Chief Experience Officer | — | Female | 1990 | Active |
Katie Klug | MD of Deposits & Treasury Management | — | Female | — | Active |
Katie Morrell | Chief Credit Officer | — | Female | — | Active |
Tony Ferraro | Managing Director of Banking | — | Male | — | Active |
Ben Klocke | General Counsel | — | Male | — | Active |
Justin Horstman | Director of Investor Relations | — | Male | — | Active |
Laura Espeseth | Chief Administrative Officer | — | Female | 1982 | Active |
Daniel D. Poppe | Senior Vice President of Commercial Banking | — | Male | 1948 | Active |
Empowered Funds LLC increased its holdings in shares of Bridgewater Bancshares, Inc. (NASDAQ: BWB) by 79.8% during the undefined quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,109 shares of the company's stock after purchasing an additional 40,890 shares during the period. Empowered
Dimensional Fund Advisors LP increased its stake in Bridgewater Bancshares, Inc. (NASDAQ: BWB) by 2.5% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,058,471 shares of the company's stock after acquiring an additional 25,899 shares during the period.
Bridgewater Bancshares (NASDAQ: BWB) reported improved second-quarter profitability, driven by continued net interest margin expansion, net interest income growth and disciplined balance sheet management, executives said on the company's 2026 second quarter earnings call. Chairman and Chief Executive Officer Jerry Baack said the company "reported another strong quarter," citing market share gains, improved profitability and growth
Bridgewater Bancshares, Inc. (BWB) Q2 2026 Earnings Call Transcript
Bridgewater Bancshares NASDAQ: BWB reported improved second-quarter profitability, driven by continued net interest margin expansion, net interest income growth and disciplined balance sheet management, executives said on the company's 2026 second quarter earnings call.
