Bridgewater Bancshares, Inc. (BWB) 10-Year Financial Performance & Capital Metrics

BWB • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

AboutBridgewater 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.Show more

Net Interest Income $102M -2.8%
Total Revenue $251M +10.8%
Net Income $33M -17.9%
Return on Equity 7.43% -23.8%
Net Interest Margin 2.02% -11.5%
Efficiency Ratio 24.45% -3.4%
ROA 0.68% -24.0%
Equity / Assets 9.04% -2.0%
Book Value per Share 16.39 +9.1%
Tangible BV/Share 15.68 +5.0%
Debt/Equity 0.99 +2.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 24.5% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y18.5%

3Y23.29%

TTM-

Profit (Net Income) CAGR

10Y-

5Y0.89%

3Y-10.44%

TTM22.28%

EPS CAGR

10Y-

5Y-0.38%

3Y-12.55%

TTM26.67%

ROCE

10Y Avg9.68%

5Y Avg8.96%

3Y Avg7.89%

Latest4.57%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	42.12M	54.17M	64.74M	74.13M	87.96M	109.51M	129.7M	105.17M	102.19M
NII Growth %	-	0.29%	0.2%	0.15%	0.19%	0.24%	0.18%	-0.19%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-
Interest Income	50.63M	66.35M	85.23M	103.78M	114.83M	128.88M	163.69M	222.35M	245.9M
Interest Expense	8.51M	12.17M	20.49M	29.65M	26.86M	19.37M	34M	117.18M	143.71M
Loan Loss Provision	3.25M	4.17M	3.58M	2.7M	12.75M	5.15M	7.7M	-175K	3.52M
Non-Interest Income+	2.57M	2.54M	2.54M	3.83M	5.84M	5.31M	5.64M	4.59M	5.55M
Non-Interest Income %	-	-	-	-	-	-	-	-	-
Total Revenue+	53.2M	68.88M	87.77M	107.6M	120.67M	134.19M	169.34M	226.95M	251.44M
Revenue Growth %	-	0.29%	0.27%	0.23%	0.12%	0.11%	0.26%	0.34%	0.11%
Non-Interest Expense	20.17M	25.5M	31.56M	36.93M	45.39M	48.09M	55.93M	57.42M	61.48M
Efficiency Ratio	-	-	-	-	-	-	-	-	-
Operating Income+	21.27M	27.04M	32.14M	38.33M	35.67M	61.57M	71.71M	52.52M	42.74M
Operating Margin %	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	0.27%	0.19%	0.19%	-0.07%	0.73%	0.16%	-0.27%	-0.19%
Pretax Income+	21.27M	27.04M	32.14M	38.33M	35.67M	61.57M	71.71M	52.52M	42.74M
Pretax Margin %	-	-	-	-	-	-	-	-	-
Income Tax+	8.05M	10.15M	5.22M	6.92M	8.47M	15.89M	18.32M	12.56M	9.91M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-
Net Income+	13.21M	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M
Net Margin %	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	0.28%	0.59%	0.17%	-0.13%	0.68%	0.17%	-0.25%	-0.18%
Net Income (Continuing)	13.21M	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M
EPS (Diluted)+	0.44	0.58	0.91	1.05	0.93	1.54	1.72	1.27	1.03
EPS Growth %	-	0.32%	0.57%	0.15%	-0.11%	0.66%	0.12%	-0.26%	-0.19%
EPS (Basic)	0.44	0.58	0.93	1.07	0.95	1.59	1.78	1.29	1.05
Diluted Shares Outstanding	30.06M	29.05M	29.44M	30M	29.17M	28.97M	28.67M	28.32M	27.94M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	21.2M	26.8M	31.75M	34.59M	163.53M	145.35M	88.22M	128.56M	234.14M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.2B	1.56B	1.89B	2.17B	2.67B	3.21B	4.06B	4.27B	4.53B
Investments Growth %	-	0.29%	0.22%	0.15%	0.23%	0.2%	0.27%	0.05%	0.06%
Long-Term Investments	985.14M	1.33B	1.64B	1.88B	2.28B	2.77B	3.51B	3.67B	4.15B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-
Goodwill	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	11.98M
Intangible Assets	1.43M	1.24M	1.05M	861K	670K	479K	288K	188K	7.85M
PP&E (Net)	9.57M	10.12M	13.07M	27.63M	50.99M	49.4M	48.45M	48.89M	49.53M
Other Assets	19.39M	14.49M	24.89M	22.47M	27.29M	61.34M	131.83M	143.71M	167.35M
Total Current Assets	242.23M	261.63M	291.72M	331.24M	563.34M	593.9M	650.32M	749.36M	681.83M
Total Non-Current Assets	1.02B	1.35B	1.68B	1.94B	2.36B	2.88B	3.7B	3.86B	4.38B
Total Assets+	1.26B	1.62B	1.97B	2.27B	2.93B	3.48B	4.35B	4.61B	5.07B
Asset Growth %	-	0.28%	0.22%	0.15%	0.29%	0.19%	0.25%	0.06%	0.1%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	612K	1.41M	1.81M	1.98M	1.61M	1.41M	2.83M	5.28M	4.01M
Total Debt+	116M	132.53M	181.63M	174.23M	142.24M	134.74M	476.65M	412.54M	452.92M
Net Debt	94.8M	105.73M	149.88M	139.64M	-21.3M	-10.61M	388.43M	283.98M	218.78M
Long-Term Debt	72M	109.53M	163.63M	174.23M	142.24M	134.74M	189.66M	412.54M	452.92M
Short-Term Debt	44M	23M	18M	0	0	0	287M	0	0
Other Liabilities	4.91M	6.17M	8.37M	24.51M	16.45M	16M	55.57M	58.71M	64.61M
Total Current Liabilities	1.07B	1.36B	1.58B	1.83B	2.5B	2.95B	3.71B	3.72B	4.09B
Total Non-Current Liabilities	76.91M	115.69M	172M	198.74M	158.69M	150.74M	245.22M	471.25M	517.53M
Total Liabilities	1.15B	1.48B	1.75B	2.02B	2.66B	3.1B	3.95B	4.19B	4.61B
Total Equity+	115.37M	137.16M	221M	244.79M	265.4M	379.27M	394.06M	425.51M	457.94M
Equity Growth %	-	0.19%	0.61%	0.11%	0.08%	0.43%	0.04%	0.08%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.13%	0.15%	0.13%	0.11%	0.14%	0.14%	0.1%	0.07%
Book Value per Share	3.84	4.72	7.51	8.16	9.10	13.09	13.75	15.03	16.39
Tangible BV per Share	-	-	-	-	-	-	-	-	-
Common Stock	245K	246K	301K	290K	281K	282K	278K	277K	276K
Additional Paid-in Capital	65.78M	66.32M	126.03M	112.09M	103.71M	104.12M	96.53M	96.32M	95.09M
Retained Earnings	52.62M	69.51M	96.23M	127.64M	154.83M	199.35M	248.69M	280.65M	309.42M
Accumulated OCI	-3.27M	1.08M	-1.57M	4.77M	6.58M	9.01M	-17.94M	-18.25M	-13.36M
Treasury Stock	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	66.51M	66.51M	66.51M	66.51M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.93M	24.9M	29.41M	39.53M	23.02M	54.24M	85M	30.02M	46.38M
Operating CF Growth %	-	0.67%	0.18%	0.34%	-0.42%	1.36%	0.57%	-0.65%	0.55%
Net Income	13.21M	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M
Depreciation & Amortization	690K	885K	952K	1.2M	1.4M	2.56M	3.25M	3.14M	3M
Deferred Taxes	-1.07M	-2.06M	-1.3M	-747K	-2.59M	-4.52M	-1.4M	676K	24K
Other Non-Cash Items	4.45M	6.89M	7.06M	4.75M	14.16M	8.2M	9.16M	-721K	776K
Working Capital Changes	-2.57M	1.93M	-5.02M	2.17M	-18.81M	-118K	17.26M	-17M	5.84M
Cash from Investing+	-266.1M	-350.18M	-354.24M	-276.21M	-530.33M	-571.42M	-938.24M	-209.18M	-95.24M
Purchase of Investments	-173.34M	-68.45M	-78.37M	-98.82M	-170.49M	-109.9M	-268.26M	-113.65M	-245.18M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-
Acquisitions	24.41M	0	0	0	0	0	0	0	17.28M
Other Investing	-171.22M	-340.11M	-319.8M	-245.8M	-408.6M	-516.86M	-771.02M	-154.07M	-30.48M
Cash from Financing+	254.09M	332.51M	329.55M	240.18M	636.05M	499.99M	796.81M	220.69M	150.06M
Dividends Paid	0	0	0	0	0	-1.17M	-4.05M	-4.05M	-4.05M
Share Repurchases	-192K	0	0	-14.96M	-10.37M	-2.74M	-11.51M	-5.13M	-5.9M
Stock Issued	26.05M	180K	58.86M	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	226.78M	295.02M	216.69M	244.63M	678.64M	445.32M	757.88M	7.37M	120.01M
Net Change in Cash+	2.93M	7.23M	4.72M	3.49M	128.74M	-17.2M	-56.43M	41.52M	101.2M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0
Cash at Beginning	13.57M	16.5M	23.73M	28.44M	31.93M	160.68M	143.47M	87.04M	128.56M
Cash at End	16.5M	23.73M	28.44M	31.93M	160.68M	143.47M	87.04M	128.56M	229.76M
Interest Paid	8.44M	11.33M	19.99M	29.37M	27M	19.14M	32.16M	114.35M	144.6M
Income Taxes Paid	10.1M	12.11M	7.87M	7.63M	10.72M	19.38M	20.57M	10.39M	5.75M
Free Cash Flow+	12.74M	23.67M	25.69M	23.95M	-1.67M	53.46M	83.37M	27.05M	42.3M
FCF Growth %	-	0.86%	0.09%	-0.07%	-1.07%	33.03%	0.56%	-0.68%	0.56%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.45%	13.38%	15.03%	13.48%	10.66%	14.17%	13.81%	9.75%	7.43%
Return on Assets (ROA)	1.05%	1.17%	1.5%	1.48%	1.05%	1.43%	1.36%	0.89%	0.68%
Net Interest Margin	3.34%	3.35%	3.28%	3.27%	3%	3.15%	2.98%	2.28%	2.02%
Efficiency Ratio	37.91%	37.01%	35.96%	34.32%	37.61%	35.84%	33.03%	25.3%	24.45%
Equity / Assets	9.15%	8.48%	11.2%	10.79%	9.07%	10.91%	9.07%	9.23%	9.04%
Book Value / Share	3.84	4.72	7.51	8.16	9.1	13.09	13.75	15.03	16.39
NII Growth	-	28.62%	19.5%	14.51%	18.66%	24.49%	18.44%	-18.91%	-2.83%

Frequently Asked Questions

Valuation & Price

Bridgewater Bancshares, Inc. (BWB) has a price-to-earnings (P/E) ratio of 17.9x. This is roughly in line with market averages.

Growth & Financials

Bridgewater Bancshares, Inc. (BWB) grew revenue by 10.8% over the past year. This is steady growth.

Yes, Bridgewater Bancshares, Inc. (BWB) is profitable, generating $41.0M in net income for fiscal year 2024 (13.1% net margin).

Dividend & Returns

Yes, Bridgewater Bancshares, Inc. (BWB) pays a dividend with a yield of 0.79%. This makes it attractive for income-focused investors.

Bridgewater Bancshares, Inc. (BWB) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.

Industry Metrics

Bridgewater Bancshares, Inc. (BWB) has a net interest margin (NIM) of 2.0%. NIM has been under pressure due to interest rate environment.

Bridgewater Bancshares, Inc. (BWB) has an efficiency ratio of 24.5%. This is excellent, indicating strong cost control.

US Stock Screener

...

Bridgewater Bancshares, Inc. (BWB) 10-Year Financial Performance & Capital Metrics

BWB • • Banking & Credit

Financial ServicesRegional BanksCommercial & Business BankingCommercial & Corporate Banking

Net Interest Income $102M -2.8%
Total Revenue $251M +10.8%
Net Income $33M -17.9%
Return on Equity 7.43% -23.8%
Net Interest Margin 2.02% -11.5%
Efficiency Ratio 24.45% -3.4%
ROA 0.68% -24.0%
Equity / Assets 9.04% -2.0%
Book Value per Share 16.39 +9.1%
Tangible BV/Share 15.68 +5.0%
Debt/Equity 0.99 +2.0%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 24.5% efficiency ratio
✓Trading near 52-week high
✓Trading at only 1.1x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y18.5%

3Y23.29%

TTM-

Profit (Net Income) CAGR

10Y-

5Y0.89%

3Y-10.44%

TTM22.28%

EPS CAGR

10Y-

5Y-0.38%

3Y-12.55%

TTM26.67%

ROCE

10Y Avg9.68%

5Y Avg8.96%

3Y Avg7.89%

Latest4.57%

Peer Comparison

Commercial & Corporate Banking

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TCBITexas Capital Bancshares, Inc.	4.49B	98.37	76.85	-1.72%	4.4%	7.92%	9.27%	0.46
BANCBanc of California, Inc.	3.15B	20.87	40.13	24.65%	6.78%	6.01%	2.04%	0.67
DBDeutsche Bank AG	74.26B	38.87	28.37	11.78%	5.07%	7.18%		1.91
HTHHilltop Holdings Inc.	2.2B	35.83	20.59	2.5%	7.35%	7.2%	12.14%	0.61
SFBSServisFirst Bancshares, Inc.	4.28B	78.31	18.82	17.89%	23.26%	14.33%	5.8%	1.27
CMAComerica Incorporated	11.69B	91.51	18.23	-4.95%	13.98%	10.57%	3.83%	1.02
BOKFBOK Financial Corporation	8.08B	127.69	15.69	10.4%	15.57%	8.91%	15.59%	0.80
CNOBConnectOne Bancorp, Inc.	1.37B	27.26	15.49	6.06%	13.8%	3.98%	4.15%	0.63

Profit & Loss

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	42.12M	54.17M	64.74M	74.13M	87.96M	109.51M	129.7M	105.17M	102.19M
NII Growth %	-	0.29%	0.2%	0.15%	0.19%	0.24%	0.18%	-0.19%	-0.03%
Net Interest Margin %	-	-	-	-	-	-	-	-	-
Interest Income	50.63M	66.35M	85.23M	103.78M	114.83M	128.88M	163.69M	222.35M	245.9M
Interest Expense	8.51M	12.17M	20.49M	29.65M	26.86M	19.37M	34M	117.18M	143.71M
Loan Loss Provision	3.25M	4.17M	3.58M	2.7M	12.75M	5.15M	7.7M	-175K	3.52M
Non-Interest Income+	2.57M	2.54M	2.54M	3.83M	5.84M	5.31M	5.64M	4.59M	5.55M
Non-Interest Income %	-	-	-	-	-	-	-	-	-
Total Revenue+	53.2M	68.88M	87.77M	107.6M	120.67M	134.19M	169.34M	226.95M	251.44M
Revenue Growth %	-	0.29%	0.27%	0.23%	0.12%	0.11%	0.26%	0.34%	0.11%
Non-Interest Expense	20.17M	25.5M	31.56M	36.93M	45.39M	48.09M	55.93M	57.42M	61.48M
Efficiency Ratio	-	-	-	-	-	-	-	-	-
Operating Income+	21.27M	27.04M	32.14M	38.33M	35.67M	61.57M	71.71M	52.52M	42.74M
Operating Margin %	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-	0.27%	0.19%	0.19%	-0.07%	0.73%	0.16%	-0.27%	-0.19%
Pretax Income+	21.27M	27.04M	32.14M	38.33M	35.67M	61.57M	71.71M	52.52M	42.74M
Pretax Margin %	-	-	-	-	-	-	-	-	-
Income Tax+	8.05M	10.15M	5.22M	6.92M	8.47M	15.89M	18.32M	12.56M	9.91M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-
Net Income+	13.21M	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M
Net Margin %	-	-	-	-	-	-	-	-	-
Net Income Growth %	-	0.28%	0.59%	0.17%	-0.13%	0.68%	0.17%	-0.25%	-0.18%
Net Income (Continuing)	13.21M	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M
EPS (Diluted)+	0.44	0.58	0.91	1.05	0.93	1.54	1.72	1.27	1.03
EPS Growth %	-	0.32%	0.57%	0.15%	-0.11%	0.66%	0.12%	-0.26%	-0.19%
EPS (Basic)	0.44	0.58	0.93	1.07	0.95	1.59	1.78	1.29	1.05
Diluted Shares Outstanding	30.06M	29.05M	29.44M	30M	29.17M	28.97M	28.67M	28.32M	27.94M

Balance Sheet

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	21.2M	26.8M	31.75M	34.59M	163.53M	145.35M	88.22M	128.56M	234.14M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	1.2B	1.56B	1.89B	2.17B	2.67B	3.21B	4.06B	4.27B	4.53B
Investments Growth %	-	0.29%	0.22%	0.15%	0.23%	0.2%	0.27%	0.05%	0.06%
Long-Term Investments	985.14M	1.33B	1.64B	1.88B	2.28B	2.77B	3.51B	3.67B	4.15B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-
Goodwill	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	2.63M	11.98M
Intangible Assets	1.43M	1.24M	1.05M	861K	670K	479K	288K	188K	7.85M
PP&E (Net)	9.57M	10.12M	13.07M	27.63M	50.99M	49.4M	48.45M	48.89M	49.53M
Other Assets	19.39M	14.49M	24.89M	22.47M	27.29M	61.34M	131.83M	143.71M	167.35M
Total Current Assets	242.23M	261.63M	291.72M	331.24M	563.34M	593.9M	650.32M	749.36M	681.83M
Total Non-Current Assets	1.02B	1.35B	1.68B	1.94B	2.36B	2.88B	3.7B	3.86B	4.38B
Total Assets+	1.26B	1.62B	1.97B	2.27B	2.93B	3.48B	4.35B	4.61B	5.07B
Asset Growth %	-	0.28%	0.22%	0.15%	0.29%	0.19%	0.25%	0.06%	0.1%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	612K	1.41M	1.81M	1.98M	1.61M	1.41M	2.83M	5.28M	4.01M
Total Debt+	116M	132.53M	181.63M	174.23M	142.24M	134.74M	476.65M	412.54M	452.92M
Net Debt	94.8M	105.73M	149.88M	139.64M	-21.3M	-10.61M	388.43M	283.98M	218.78M
Long-Term Debt	72M	109.53M	163.63M	174.23M	142.24M	134.74M	189.66M	412.54M	452.92M
Short-Term Debt	44M	23M	18M	0	0	0	287M	0	0
Other Liabilities	4.91M	6.17M	8.37M	24.51M	16.45M	16M	55.57M	58.71M	64.61M
Total Current Liabilities	1.07B	1.36B	1.58B	1.83B	2.5B	2.95B	3.71B	3.72B	4.09B
Total Non-Current Liabilities	76.91M	115.69M	172M	198.74M	158.69M	150.74M	245.22M	471.25M	517.53M
Total Liabilities	1.15B	1.48B	1.75B	2.02B	2.66B	3.1B	3.95B	4.19B	4.61B
Total Equity+	115.37M	137.16M	221M	244.79M	265.4M	379.27M	394.06M	425.51M	457.94M
Equity Growth %	-	0.19%	0.61%	0.11%	0.08%	0.43%	0.04%	0.08%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.11%	0.13%	0.15%	0.13%	0.11%	0.14%	0.14%	0.1%	0.07%
Book Value per Share	3.84	4.72	7.51	8.16	9.10	13.09	13.75	15.03	16.39
Tangible BV per Share	-	-	-	-	-	-	-	-	-
Common Stock	245K	246K	301K	290K	281K	282K	278K	277K	276K
Additional Paid-in Capital	65.78M	66.32M	126.03M	112.09M	103.71M	104.12M	96.53M	96.32M	95.09M
Retained Earnings	52.62M	69.51M	96.23M	127.64M	154.83M	199.35M	248.69M	280.65M	309.42M
Accumulated OCI	-3.27M	1.08M	-1.57M	4.77M	6.58M	9.01M	-17.94M	-18.25M	-13.36M
Treasury Stock	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	66.51M	66.51M	66.51M	66.51M

Cash Flow

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	14.93M	24.9M	29.41M	39.53M	23.02M	54.24M	85M	30.02M	46.38M
Operating CF Growth %	-	0.67%	0.18%	0.34%	-0.42%	1.36%	0.57%	-0.65%	0.55%
Net Income	13.21M	16.89M	26.92M	31.4M	27.19M	45.69M	53.39M	39.96M	32.83M
Depreciation & Amortization	690K	885K	952K	1.2M	1.4M	2.56M	3.25M	3.14M	3M
Deferred Taxes	-1.07M	-2.06M	-1.3M	-747K	-2.59M	-4.52M	-1.4M	676K	24K
Other Non-Cash Items	4.45M	6.89M	7.06M	4.75M	14.16M	8.2M	9.16M	-721K	776K
Working Capital Changes	-2.57M	1.93M	-5.02M	2.17M	-18.81M	-118K	17.26M	-17M	5.84M
Cash from Investing+	-266.1M	-350.18M	-354.24M	-276.21M	-530.33M	-571.42M	-938.24M	-209.18M	-95.24M
Purchase of Investments	-173.34M	-68.45M	-78.37M	-98.82M	-170.49M	-109.9M	-268.26M	-113.65M	-245.18M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-
Acquisitions	24.41M	0	0	0	0	0	0	0	17.28M
Other Investing	-171.22M	-340.11M	-319.8M	-245.8M	-408.6M	-516.86M	-771.02M	-154.07M	-30.48M
Cash from Financing+	254.09M	332.51M	329.55M	240.18M	636.05M	499.99M	796.81M	220.69M	150.06M
Dividends Paid	0	0	0	0	0	-1.17M	-4.05M	-4.05M	-4.05M
Share Repurchases	-192K	0	0	-14.96M	-10.37M	-2.74M	-11.51M	-5.13M	-5.9M
Stock Issued	26.05M	180K	58.86M	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Other Financing	226.78M	295.02M	216.69M	244.63M	678.64M	445.32M	757.88M	7.37M	120.01M
Net Change in Cash+	2.93M	7.23M	4.72M	3.49M	128.74M	-17.2M	-56.43M	41.52M	101.2M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0
Cash at Beginning	13.57M	16.5M	23.73M	28.44M	31.93M	160.68M	143.47M	87.04M	128.56M
Cash at End	16.5M	23.73M	28.44M	31.93M	160.68M	143.47M	87.04M	128.56M	229.76M
Interest Paid	8.44M	11.33M	19.99M	29.37M	27M	19.14M	32.16M	114.35M	144.6M
Income Taxes Paid	10.1M	12.11M	7.87M	7.63M	10.72M	19.38M	20.57M	10.39M	5.75M
Free Cash Flow+	12.74M	23.67M	25.69M	23.95M	-1.67M	53.46M	83.37M	27.05M	42.3M
FCF Growth %	-	0.86%	0.09%	-0.07%	-1.07%	33.03%	0.56%	-0.68%	0.56%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	11.45%	13.38%	15.03%	13.48%	10.66%	14.17%	13.81%	9.75%	7.43%
Return on Assets (ROA)	1.05%	1.17%	1.5%	1.48%	1.05%	1.43%	1.36%	0.89%	0.68%
Net Interest Margin	3.34%	3.35%	3.28%	3.27%	3%	3.15%	2.98%	2.28%	2.02%
Efficiency Ratio	37.91%	37.01%	35.96%	34.32%	37.61%	35.84%	33.03%	25.3%	24.45%
Equity / Assets	9.15%	8.48%	11.2%	10.79%	9.07%	10.91%	9.07%	9.23%	9.04%
Book Value / Share	3.84	4.72	7.51	8.16	9.1	13.09	13.75	15.03	16.39
NII Growth	-	28.62%	19.5%	14.51%	18.66%	24.49%	18.44%	-18.91%	-2.83%

Frequently Asked Questions

Valuation & Price

Bridgewater Bancshares, Inc. (BWB) has a price-to-earnings (P/E) ratio of 17.9x. This is roughly in line with market averages.

Growth & Financials

Bridgewater Bancshares, Inc. (BWB) grew revenue by 10.8% over the past year. This is steady growth.

Yes, Bridgewater Bancshares, Inc. (BWB) is profitable, generating $41.0M in net income for fiscal year 2024 (13.1% net margin).

Dividend & Returns

Yes, Bridgewater Bancshares, Inc. (BWB) pays a dividend with a yield of 0.79%. This makes it attractive for income-focused investors.

Bridgewater Bancshares, Inc. (BWB) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.

Industry Metrics

Bridgewater Bancshares, Inc. (BWB) has a net interest margin (NIM) of 2.0%. NIM has been under pressure due to interest rate environment.

Bridgewater Bancshares, Inc. (BWB) has an efficiency ratio of 24.5%. This is excellent, indicating strong cost control.