---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012298"
form_type: "8-K"
ticker: "BWB"
cik: "0001341317"
company_name: "Bridgewater Bancshares Inc"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:15:19.253431+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bridgewater Q2 EPS $0.31, net income $9.8M; NIM falls to 2.40%, deposit growth strong

## Summary
- Net income $9.8M ($0.31 diluted EPS), down 24% QoQ from $11.6M ($0.37) and 24% YoY from $12.9M ($0.41).
- Net interest margin fell to 2.40% from 2.72% Q1 and 3.58% YoY; net interest income $25.9M down $2.7M linked quarter.
- Deposits increased $166.8M (19.6% annualized) with core deposits up $45.3M; total borrowing capacity $1.5B at June 30.
- Nonperforming assets 0.02% of total assets; allowance for credit losses 1.36% of loans; net charge-offs near zero.

## SEC filing metadata
- accession: 0001558370-23-012298
- form_type: 8-K
- ticker: BWB
- cik: 0001341317
- company_name: Bridgewater Bancshares Inc
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1341317/000155837023012298/0001558370-23-012298-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1341317/000155837023012298/bwb-20230726x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012298
- JSON: https://secwatch.observer/filing/0001558370-23-012298.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012298.txt

## Key facts
- Earnings Releases
  Bridgewater Bancshares Inc reported for the three and six months ended June 30, 2023 results: net income $9.8 million, EPS $0.31 diluted earnings per common share.
  - Period: for the three and six months ended June 30, 2023
  - Net income: $9.8 million
  - EPS: $0.31 diluted earnings per common share
  - Result: reported results
  source text: Bridgewater Bancshares, Inc. Announces Second Quarter 2023 Net Income of $9.8 Million, $0.31 Diluted Earnings Per Common Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1341317/000155837023012298/0001558370-23-012298-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.