The bank reported $40.8M in revenue for Q2, exceeding expectations as noninterest expenses declined sequentially.
Bridgewater Bancshares posted Q2 non-GAAP earnings per share of $0.45, matching estimates, while revenue reached $40.8M, beating forecasts by $0.87M. Year-over-year revenue grew 13.1%, driven by improved operational performance.
Noninterest expenses in the quarter included no Federal Home Loan Bank prepayment penalty, compared to $982,000 in Q1 2026. The reduction in costs contributed to the revenue beat, though earnings aligned with consensus.
The results reflect steady growth in the bank’s core business amid a favorable expense environment.