Bridgewater Bancshares, Inc. (BWB) Income Statement Analysis

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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)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.bridgewaterbankmn.com

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

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Bridgewater Bancshares, Inc. Announces Fourth Quarter 2020 Financial Results

January 28, 2021businesswire.com

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (Nasdaq: BWB) (the Company), the parent company of Bridgewater Bank (the Bank), today announced net income of $5.0 million, or $0.17 per diluted common share, for the fourth quarter of 2020, compared to...

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Bridgewater Bancshares Announces Changes to Stock Repurchase Program

October 29, 2020businesswire.com

ST. LOUIS PARK, Minn.--(BUSINESS WIRE)--Bridgewater Bancshares, Inc. (“Bridgewater”) (NASDAQ: BWB), the holding company for Bridgewater Bank, today announced that its Board of Directors has approved a $15 million increase to Bridgewater's existing stock repurchase program. This approval increased the authorization...