Bridgewater Bancshares' Q1 net interest income rises

Bridgewater Bancshares

21/04/2026 21:28

Overview

U.S. regional bank's Q1 adjusted EPS met analyst expectations

Net interest income rose from prior quarter, driven by higher loan yields and lower deposit costs

Company launched ATM offering for up to $50 mln of common stock; no shares sold in Q1

Outlook

Company did not provide specific guidance for upcoming quarters or the full year

Result Drivers

NET INTEREST MARGIN EXPANSION - Co said higher loan yields and lower deposit costs drove net interest margin expansion in Q1

SECURITIES SALE - Gain on sale of $208.5 mln of securities boosted noninterest income and improved balance sheet efficiency

LOAN GROWTH - Growth in commercial and CRE non-owner-occupied portfolios contributed to higher loan balances

Company press release: ID:nBwc80sHya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Meet
$0.41
$0.41 (4 Analysts)
Q1 EPS
$0.58
Q1 Net Income
$17.40 mln
Q1 Net Interest Income
$36.60 mln
Q1 Loan Loss Provision
$1.2 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for Bridgewater Bancshares Inc is $22.25, about 16.6% above its April 20 closing price of $19.09

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)