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Complete financial analysis of Bridgewater Bancshares, Inc. (BWB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Bridgewater Bancshares, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.
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Bridgewater Bancshares, Inc. (BWB)
About Bridgewater Bancshares, Inc.
Bridgewater Bancshares, Inc. operates as the bank holding company for Bridgewater Bank that provides banking products and services to commercial real estate investors, small business entrepreneurs, and high net worth individuals in the United States. The company offers savings and money market accounts, demand deposits, time and brokered deposits, and interest and noninterest bearing transaction, as well as certificates of deposit. It also provides commercial loans to sole proprietorships, partnerships, corporations, and other business enterprises to finance accounts receivable or inventory, capital assets, or other business-related purposes; paycheck protection program loans; construction and land development loans; 1-4 family mortgage loans; multifamily lending products; owner and non-owner occupied commercial real estate loans; and consumer and other loans. In addition, the company online, mobile, and direct banking services. It operates through seven full-service offices located in Bloomington, Greenwood, Minneapolis, St. Louis Park, Orono, and St. Paul, Minnesota. The company was incorporated in 2005 and is headquartered in Saint Louis Park, Minnesota.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 111.84M | 136.03M | 114.82M | 93.80M | 77.96M | 67.28M | 56.71M | 44.69M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 111.84M | 136.03M | 114.82M | 93.80M | 77.96M | 67.28M | 56.71M | 44.69M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 41.80M | 38.31M | 35.58M | 28.76M | 24.45M | 20.94M | 15.10M | 12.09M |
| Selling & Marketing | 1.13M | 2.03M | 1.49M | 788.00K | 1.51M | 1.34M | 983.00K | 864.00K |
| SG&A | 42.93M | 40.34M | 37.07M | 29.55M | 25.96M | 22.28M | 16.08M | 12.09M |
| Other Expenses | 0.00 | -67.60M | -90.31M | -87.68M | -65.59M | -34.61M | -33.58M | -26.99M |
| Operating Expenses | 49.66M | -27.26M | -53.25M | -58.14M | -39.63M | -14.65M | -17.50M | -14.90M |
| Cost & Expenses | 49.66M | -27.26M | -53.25M | -58.14M | -39.63M | -14.65M | -17.50M | -14.90M |
| Interest Income | 222.36M | 163.70M | 128.88M | 114.83M | 103.78M | 85.23M | 66.35M | 50.63M |
| Interest Expense | 117.18M | 34.00M | 19.37M | 26.86M | 29.65M | 20.49M | 12.17M | 8.51M |
| Depreciation & Amortization | 3.14M | 2.76M | 2.56M | 1.40M | 1.20M | 952.00K | 885.00K | 690.00K |
| EBITDA | 55.67M | 74.96M | 64.13M | 37.06M | 39.53M | 33.10M | 27.92M | 21.96M |
| EBITDA Ratio | 49.77% | 80.10% | 53.79% | 38.23% | 49.41% | 79.64% | 70.70% | 68.19% |
| Operating Income | 62.18M | 108.77M | 61.57M | 35.67M | 38.33M | 52.63M | 39.21M | 29.78M |
| Operating Income Ratio | 55.60% | 79.96% | 53.63% | 38.02% | 49.16% | 78.23% | 69.14% | 66.65% |
| Total Other Income/Expenses | -9.66M | -6.29M | -5.34M | -15.04M | -7.04M | -5.96M | -6.35M | -5.40M |
| Income Before Tax | 52.52M | 71.71M | 61.57M | 35.67M | 38.33M | 32.14M | 27.04M | 21.27M |
| Income Before Tax Ratio | 46.96% | 52.72% | 53.63% | 38.02% | 49.16% | 47.78% | 47.68% | 47.59% |
| Income Tax Expense | 12.56M | 18.32M | 15.89M | 8.47M | 6.92M | 5.22M | 10.15M | 8.05M |
| Net Income | 39.96M | 53.39M | 45.69M | 27.19M | 31.40M | 26.92M | 16.89M | 13.22M |
| Net Income Ratio | 35.73% | 39.25% | 39.79% | 28.99% | 40.28% | 40.01% | 29.78% | 29.57% |
| EPS | 1.29 | 1.78 | 1.59 | 0.95 | 1.07 | 0.93 | 0.58 | 0.44 |
| EPS Diluted | 1.27 | 1.72 | 1.54 | 0.93 | 1.05 | 0.91 | 0.58 | 0.44 |
| Weighted Avg Shares Out | 27.86M | 27.76M | 28.03M | 28.58M | 29.36M | 29.00M | 29.05M | 30.06M |
| Weighted Avg Shares Out (Dil) | 28.32M | 28.67M | 28.97M | 29.17M | 30.00M | 29.44M | 29.05M | 30.06M |
Bridgewater Bancshares, Inc. (BWB) Q3 2024 Earnings Call Transcript
Bridgewater (BWB) Is a Great Choice for 'Trend' Investors, Here's Why
Bridgewater (BWB) Q3 Earnings and Revenues Beat Estimates
Bridgewater Bancshares, Inc. Receives Regulatory Approvals for First Minnetonka City Bank Acquisition
Bridgewater (BWB) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
Bridgewater Bancshares, Inc. to Announce Third Quarter 2024 Financial Results and Host Earnings Conference Call
Here's Why Momentum in Bridgewater (BWB) Should Keep going
Bridgewater Bancshares to Acquire First Minnetonka City Bank
Bridgewater (BWB) Tops Q2 Earnings and Revenue Estimates
Bridgewater Bancshares: 8.2% Yielding Preferred Share Is Good Income Investment
Source: https://incomestatements.info
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