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Bridgewater Bancshares, Inc. filings document the regulatory record for a Minnesota financial holding company, Bridgewater Bank and the issuer's preferred depositary shares. Form 8-K reports cover operating results, financial condition, earnings presentations, Regulation FD investor materials, dividend-related events and material agreements.
The filing record also addresses capital structure matters, including common stock, depositary shares and at-the-market equity distribution arrangements. Definitive proxy statements disclose board matters, executive compensation, shareholder voting items and governance practices for the bank holding company.
Bridgewater Bancshares Inc director Jeffrey D. Shellberg reported an open-market sale of 2,512 shares of Common Stock at a weighted average price of $18.5029 per share on April 29, 2026. The sale was made indirectly through a trust for which he serves as trustee and holds voting and investment power.
Following the transaction, the trust held 62,488 shares, and Shellberg also reported 266,187 shares held directly and additional indirect holdings of 87,000 and 355,000 shares through other trusts.
Bridgewater Bancshares Inc director Jeffrey D. Shellberg reported an open-market sale of 2,512 shares of Common Stock at a weighted average price of $18.5029 per share on April 29, 2026. The sale was made indirectly through a trust for which he serves as trustee and holds voting and investment power.
Following the transaction, the trust held 62,488 shares, and Shellberg also reported 266,187 shares held directly and additional indirect holdings of 87,000 and 355,000 shares through other trusts.
Bridgewater Bancshares, Inc. reported much stronger results for the three months ended March 31, 2026. Net income rose to $17,406 (dollars in thousands), up from $9,633 a year earlier, and net income available to common shareholders increased to $16,393.
Basic earnings per common share grew to $0.59 from $0.31, supported by higher net interest income of $36,647 versus $30,208 and a sharp increase in noninterest income, driven by a $7,251 net gain on sales of available for sale securities. Loans, net, increased to $4,302,132, while total assets declined slightly to $5,335,396.
The company’s asset quality remained sound, with an allowance for credit losses of $57,277 and low past due and nonaccrual balances relative to total loans. In February 2026, Bridgewater also opened a new Lake Elmo, Minnesota branch and put in place an equity distribution agreement allowing it to sell up to $50.0 million of common stock from time to time for general corporate purposes.
Bridgewater Bancshares, Inc. reported much stronger results for the three months ended March 31, 2026. Net income rose to $17,406 (dollars in thousands), up from $9,633 a year earlier, and net income available to common shareholders increased to $16,393.
Basic earnings per common share grew to $0.59 from $0.31, supported by higher net interest income of $36,647 versus $30,208 and a sharp increase in noninterest income, driven by a $7,251 net gain on sales of available for sale securities. Loans, net, increased to $4,302,132, while total assets declined slightly to $5,335,396.
The company’s asset quality remained sound, with an allowance for credit losses of $57,277 and low past due and nonaccrual balances relative to total loans. In February 2026, Bridgewater also opened a new Lake Elmo, Minnesota branch and put in place an equity distribution agreement allowing it to sell up to $50.0 million of common stock from time to time for general corporate purposes.
BWB filed a Form 144 notice to sell 20,000 shares. The notice lists prior sales of 9,838 shares on 02/06/2026 for $185,840.80. Shares outstanding were 27,832,867 as of 04/29/2026, and the planned sale is reported as a Company Issuance for cash.
BWB filed a Form 144 notice to sell 20,000 shares. The notice lists prior sales of 9,838 shares on 02/06/2026 for $185,840.80. Shares outstanding were 27,832,867 as of 04/29/2026, and the planned sale is reported as a Company Issuance for cash.
Bridgewater Bancshares, Inc. reported strong first quarter 2026 results, with net income of $17.4 million, up from $13.3 million in the prior quarter and $9.6 million a year earlier. Diluted EPS rose to $0.58 from $0.43 and $0.31 in those periods.
Net interest margin improved to 2.99% from 2.75% in Q4 2025 and 2.51% in Q1 2025, helped by lower funding costs and a gain on securities sales. Net interest income increased to $36.6 million, while noninterest income rose sharply to $9.6 million, driven largely by a $7.3 million gain on securities.
Total gross loans reached $4.37 billion, growing 5.5% annualized from year-end 2025 and 8.7% year over year. Total deposits were $4.31 billion, slightly below Q4 2025 but up 3.4% from Q1 2025. Asset quality remained solid, with nonperforming assets at 0.22% of total assets and annualized net charge-offs at 0.05% of average loans.
Shareholders’ equity increased to $528.4 million, and tangible book value per share rose to $15.93. The company launched an at-the-market equity program for up to $50 million of common stock and declared a quarterly dividend on its 5.875% Series A preferred stock of $36.72 per share, or $0.3672 per depositary share, payable June 1, 2026 to holders of record on May 15, 2026.
Bridgewater Bancshares, Inc. reported strong first quarter 2026 results, with net income of $17.4 million, up from $13.3 million in the prior quarter and $9.6 million a year earlier. Diluted EPS rose to $0.58 from $0.43 and $0.31 in those periods.
Net interest margin improved to 2.99% from 2.75% in Q4 2025 and 2.51% in Q1 2025, helped by lower funding costs and a gain on securities sales. Net interest income increased to $36.6 million, while noninterest income rose sharply to $9.6 million, driven largely by a $7.3 million gain on securities.
Total gross loans reached $4.37 billion, growing 5.5% annualized from year-end 2025 and 8.7% year over year. Total deposits were $4.31 billion, slightly below Q4 2025 but up 3.4% from Q1 2025. Asset quality remained solid, with nonperforming assets at 0.22% of total assets and annualized net charge-offs at 0.05% of average loans.
Shareholders’ equity increased to $528.4 million, and tangible book value per share rose to $15.93. The company launched an at-the-market equity program for up to $50 million of common stock and declared a quarterly dividend on its 5.875% Series A preferred stock of $36.72 per share, or $0.3672 per depositary share, payable June 1, 2026 to holders of record on May 15, 2026.
Bridgewater Bancshares Inc director Mary Jayne Crocker exercised stock options to acquire 6,750 shares of Common Stock at an exercise price of $12.92 per share. Following the transaction, she directly holds 216,027 Common shares and retains options over 91,102 shares at $7.47 and 20,000 shares at $17.50, expiring in 2027 and 2032, respectively, granted under the company’s 2017 stock option plan.
Bridgewater Bancshares Inc director Mary Jayne Crocker exercised stock options to acquire 6,750 shares of Common Stock at an exercise price of $12.92 per share. Following the transaction, she directly holds 216,027 Common shares and retains options over 91,102 shares at $7.47 and 20,000 shares at $17.50, expiring in 2027 and 2032, respectively, granted under the company’s 2017 stock option plan.
Johnson James S. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director James S. Johnson received a grant of 1,146 shares of Common Stock on March 31, 2026 as a compensation-related award at no stated price. Following this grant, he directly holds 96,494 shares of Common Stock.
In addition to his direct position, Johnson reports indirect holdings through various accounts. These include 59,250 shares held "By Trust" with Johnson as co-trustee of the James S. Johnson Trust, 76,750 shares held "By Trust" under the Jolynn Johnson Trust, and 10,417 shares held "By Spouse IRA," all as of the same date.
Johnson James S. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director James S. Johnson received a grant of 1,146 shares of Common Stock on March 31, 2026 as a compensation-related award at no stated price. Following this grant, he directly holds 96,494 shares of Common Stock.
In addition to his direct position, Johnson reports indirect holdings through various accounts. These include 59,250 shares held "By Trust" with Johnson as co-trustee of the James S. Johnson Trust, 76,750 shares held "By Trust" under the Jolynn Johnson Trust, and 10,417 shares held "By Spouse IRA," all as of the same date.
Bridgewater Bancshares director Lisa Brezonik received a grant of 1,146 shares of Common Stock. The award was recorded at a price of $0.00 per share, indicating it was a compensation-related grant rather than an open-market purchase. Following this acquisition, Brezonik directly holds 36,219 shares of Bridgewater Bancshares common stock.
Bridgewater Bancshares director Lisa Brezonik received a grant of 1,146 shares of Common Stock. The award was recorded at a price of $0.00 per share, indicating it was a compensation-related grant rather than an open-market purchase. Following this acquisition, Brezonik directly holds 36,219 shares of Bridgewater Bancshares common stock.
Bridgewater Bancshares Inc director Mohammed Lawal received a grant of 1,146 shares of Common Stock as compensation. The shares were acquired at no cash cost to him and increase his direct holdings to 35,539 shares, indicating a routine, compensation-related equity award rather than an open-market purchase.
Bridgewater Bancshares Inc director Mohammed Lawal received a grant of 1,146 shares of Common Stock as compensation. The shares were acquired at no cash cost to him and increase his direct holdings to 35,539 shares, indicating a routine, compensation-related equity award rather than an open-market purchase.
Parish Douglas J. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director Douglas J. Parish received a grant of 573 shares of Common Stock as compensation. The shares were awarded at a stated price of $0.00 per share, reflecting a stock-based grant rather than an open-market purchase.
After the grant, Parish directly holds 5,415 shares of Common Stock. In addition, 8,107 shares are held indirectly through the Douglas J Parish Revocable Trust, where he serves as co-trustee with shared voting and investment power over those trust-held shares.
Parish Douglas J. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director Douglas J. Parish received a grant of 573 shares of Common Stock as compensation. The shares were awarded at a stated price of $0.00 per share, reflecting a stock-based grant rather than an open-market purchase.
After the grant, Parish directly holds 5,415 shares of Common Stock. In addition, 8,107 shares are held indirectly through the Douglas J Parish Revocable Trust, where he serves as co-trustee with shared voting and investment power over those trust-held shares.
Trutna Thomas P. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director Thomas P. Trutna received a grant of 573 shares of Common Stock as compensation. The shares were awarded at a price of $0.00 per share, indicating they were not purchased on the open market. Following this award, Trutna directly holds 83,207 Bridgewater Bancshares shares.
Trutna Thomas P. reported acquisition or exercise transactions in this Form 4 filing.
Bridgewater Bancshares Inc director Thomas P. Trutna received a grant of 573 shares of Common Stock as compensation. The shares were awarded at a price of $0.00 per share, indicating they were not purchased on the open market. Following this award, Trutna directly holds 83,207 Bridgewater Bancshares shares.