Bridgewater Bancshares Declares $36.72 Quarterly Preferred Dividend
Bridgewater Bancshares Inc., a Minnesota-based financial holding company, declared a quarterly cash dividend of $36.72 per share on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A. The payment is equivalent to $0.3672 per depository share.
Bridgewater Bancshares Inc. (NASDAQ: BWBBP), a St. Louis Park, Minnesota-based financial holding company, declared a quarterly cash dividend of $36.72 per share on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A. The dividend is equivalent to $0.3672 per depository share, each representing a 1/100th interest in a share of the Series A Preferred Stock. Read more dividend announcements.
The bank announced the dividend on April 21, 2026, alongside its first quarter 2026 financial results. The company operates Bridgewater Bank, a full-service bank providing commercial and personal banking services across the Twin Cities metro area.
| Dividend Details | Date |
|---|---|
| Amount per Share | $36.72 |
| Amount per Depository Share | $0.3672 |
| Record Date | May 15, 2026 |
| Payment Date | June 1, 2026 |
| Frequency | Quarterly |
First Quarter Financial Performance
The dividend announcement came as part of Bridgewater's first quarter 2026 earnings release. The company reported net income of $17.4 million, or $0.58 per diluted common share for the quarter ended March 31, 2026.
Total assets stood at $5.3 billion as of March 31, 2026. The company operates nine branches across the Twin Cities metro area.
Capital Position
Bridgewater's Consolidated Common Equity Tier 1 Risk-Based Capital Ratio was 9.53% at March 31, 2026, compared to 9.17% at December 31, 2025, and 9.03% at March 31, 2025. Tangible book value per share reached $15.93 as of March 31, 2026, an increase of 9.9% annualized from $15.55 at December 31, 2025, and up 14.7% from $13.89 a year earlier.
The company did not repurchase any shares of its common stock during the first quarter of 2026. Bridgewater had $13.1 million remaining under its current share repurchase authorization at quarter end. The company also launched an at-the-market offering during the quarter for the sale of up to $50 million of company stock, though no shares were sold under the program during the quarter.