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Bridgewater Bancshares (BWBBP) Financials

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Annual Income Statements for Bridgewater Bancshares

Annual Income Statements for Bridgewater Bancshares

This table shows Bridgewater Bancshares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 29 36 49
Consolidated Net Income / (Loss)		 33 40 53
Net Income / (Loss) Continuing Operations		 33 40 53
Total Pre-Tax Income 		43 53 72
Total Revenue		 110 112 136
Net Interest Income / (Expense)		 102 105 130
Total Interest Income		 246 222 164
Loans and Leases Interest Income		 205 191 146
Investment Securities Interest Income		 34 26 16
Other Interest Income		 7.24 4.71 1.03
Total Interest Expense		 144 117 34
Deposits Interest Expense		 129 96 23
Short-Term Borrowings Interest Expense		 1.16 1.14 0.20
Long-Term Debt Interest Expense		 13 11 5.91
Federal Funds Purchased and Securities Sold Interest Expense		 1.20 8.52 4.51
Total Non-Interest Income		 7.37 6.49 6.33
Other Service Charges		 4.12 3.29 4.25
Net Realized & Unrealized Capital Gains on Investments		 0.39 -0.03 0.08
Investment Banking Income		 1.48 1.46 1.24
Other Non-Interest Income		 1.33 1.78 0.76
Provision for Credit Losses		 3.53 -0.18 7.70
Total Non-Interest Expense		 63 59 57
Salaries and Employee Benefits		 40 37 37
Net Occupancy & Equipment Expense		 6.10 6.02 5.79
Marketing Expense		 1.49 1.13 2.03
Property & Liability Insurance Claims		 2.96 3.69 1.37
Other Operating Expenses		 13 12 9.90
Amortization Expense		 0.08 0.10 0.60
Income Tax Expense		 9.91 13 18
Preferred Stock Dividends Declared		 4.05 4.05 4.05
Basic Earnings per Share		 $1.05 $1.29 $1.78
Weighted Average Basic Shares Outstanding		 27.60M 27.71M 27.76M
Diluted Earnings per Share		 $1.03 $1.27 $1.72
Weighted Average Diluted Shares Outstanding		 27.60M 27.71M 27.76M
Weighted Average Basic & Diluted Shares Outstanding		 27.60M 27.71M 27.76M

Quarterly Income Statements for Bridgewater Bancshares

This table shows Bridgewater Bancshares' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 7.19 7.66 7.10 6.82 7.86 8.62 8.80 11 13 14
Consolidated Net Income / (Loss)		 8.20 8.68 8.12 7.83 8.87 9.63 9.82 12 14 15
Net Income / (Loss) Continuing Operations		 8.20 8.68 8.12 7.83 8.87 9.63 9.82 12 14 15
Total Pre-Tax Income 		11 11 11 10 11 13 13 16 18 20
Total Revenue		 30 27 27 26 27 27 27 31 35 35
Net Interest Income / (Expense)		 27 26 25 25 25 25 26 29 33 34
Total Interest Income		 63 63 61 59 59 57 55 52 49 42
Loans and Leases Interest Income		 52 52 51 50 50 49 48 45 42 38
Investment Securities Interest Income		 9.11 8.73 8.18 7.92 7.28 6.51 6.24 6.22 5.84 4.37
Other Interest Income		 2.35 2.41 1.32 1.17 1.54 1.30 1.04 0.82 0.53 0.32
Total Interest Expense		 36 37 36 34 33 31 29 23 16 8.26
Deposits Interest Expense		 33 34 32 30 29 27 23 16 11 5.98
Short-Term Borrowings Interest Expense		 0.28 0.30 0.30 0.30 0.30 0.30 0.29 0.26 0.20 0.00
Long-Term Debt Interest Expense		 3.23 2.94 3.12 3.25 3.22 3.32 3.09 1.84 1.61 1.57
Federal Funds Purchased and Securities Sold Interest Expense		 0.04 0.00 0.85 0.30 0.27 0.55 2.76 4.94 3.38 0.71
Total Non-Interest Income		 2.53 1.52 1.76 1.55 1.41 1.73 1.42 1.94 1.74 1.39
Other Service Charges		 1.72 0.83 0.77 0.81 0.81 0.60 0.76 1.12 0.60 1.07
Investment Banking Income		 0.39 0.37 0.37 0.34 0.36 0.38 0.37 0.35 0.34 0.31
Other Non-Interest Income		 0.36 0.35 0.31 0.30 0.27 0.75 0.24 0.53 - -
Provision for Credit Losses		 2.18 0.00 0.60 0.75 -0.25 -0.60 0.05 0.63 1.50 1.50
Total Non-Interest Expense		 17 16 16 15 16 15 14 14 15 14
Salaries and Employee Benefits		 11 9.85 9.68 9.43 9.62 9.52 8.59 8.82 9.82 9.45
Net Occupancy & Equipment Expense		 1.63 1.44 1.56 1.47 1.49 1.49 1.48 1.57 2.57 1.09
Marketing Expense		 0.48 0.37 0.32 0.32 0.32 0.22 0.32 0.26 - -
Property & Liability Insurance Claims		 0.61 0.75 0.73 0.88 1.05 1.08 0.90 0.67 - -
Other Operating Expenses		 3.44 3.35 3.25 3.08 3.26 2.92 2.95 2.71 -1.19 3.62
Amortization Expense		 0.05 0.01 0.01 0.01 0.01 0.01 0.03 0.05 - -
Income Tax Expense		 2.31 2.69 2.51 2.41 2.36 2.88 3.15 4.17 4.19 5.31
Preferred Stock Dividends Declared		 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01 1.01
Basic Earnings per Share		 $0.26 $0.28 $0.26 $0.25 $0.28 $0.31 $0.32 $0.38 $0.46 $0.49
Weighted Average Basic Shares Outstanding		 27.60M 27.43M 27.35M 27.37M 27.71M 28.00M 27.98M 27.93M 27.76M 27.59M
Diluted Earnings per Share		 $0.26 $0.27 $0.26 $0.24 $0.29 $0.30 $0.31 $0.37 $0.45 $0.47
Weighted Average Diluted Shares Outstanding		 27.60M 27.43M 27.35M 27.37M 27.71M 28.00M 27.98M 27.93M 27.76M 27.59M
Weighted Average Basic & Diluted Shares Outstanding		 27.60M 27.43M 27.35M 27.37M 27.71M 28.00M 27.98M 27.93M 27.76M 27.59M

Annual Cash Flow Statements for Bridgewater Bancshares

This table details how cash moves in and out of Bridgewater Bancshares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 101 42 -56
Net Cash From Operating Activities		 46 30 85
Net Cash From Continuing Operating Activities		 46 30 85
Net Income / (Loss) Continuing Operations		 33 40 53
Consolidated Net Income / (Loss)		 33 40 53
Provision For Loan Losses		 3.53 -0.18 7.70
Depreciation Expense		 2.37 2.51 2.57
Amortization Expense		 -0.34 1.03 2.97
Non-Cash Adjustments to Reconcile Net Income		 2.16 3.69 1.11
Changes in Operating Assets and Liabilities, net		 5.84 -17 17
Net Cash From Investing Activities		 -95 -209 -938
Net Cash From Continuing Investing Activities		 -95 -209 -938
Purchase of Property, Leasehold Improvements and Equipment		 -4.08 -2.97 -1.63
Purchase of Investment Securities		 -259 -272 -1,040
Sale and/or Maturity of Investments		 168 65 103
Net Cash From Financing Activities		 150 221 797
Net Cash From Continuing Financing Activities		 150 221 797
Net Change in Deposits		 119 293 470
Issuance of Debt		 997 680 172
Issuance of Preferred Equity		 0.00 0.00 0.00
Repayment of Debt		 -957 -457 -117
Repurchase of Common Equity		 -5.27 -4.67 -11
Payment of Dividends		 -4.05 -4.05 -4.05
Other Financing Activities, Net		 0.13 -286 287
Cash Interest Paid		 145 114 32
Cash Income Taxes Paid		 5.75 10 21

Quarterly Cash Flow Statements for Bridgewater Bancshares

This table details how cash moves in and out of Bridgewater Bancshares' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 38 58 -9.26 15 4.20 -53 -32 122 12 1.98
Net Cash From Operating Activities		 35 -5.99 11 7.19 -8.47 16 15 7.80 4.63 9.14
Net Cash From Continuing Operating Activities		 35 -5.99 11 7.19 -8.47 16 15 7.80 4.63 9.14
Net Income / (Loss) Continuing Operations		 8.20 8.68 8.12 7.83 8.87 9.63 9.82 12 14 15
Consolidated Net Income / (Loss)		 8.20 8.68 8.12 7.83 8.87 9.63 9.82 12 14 15
Provision For Loan Losses		 2.18 - 0.50 0.85 -0.25 -0.60 0.05 0.63 1.50 1.50
Depreciation Expense		 0.60 0.59 0.59 0.59 0.61 0.62 0.63 0.65 0.65 0.65
Amortization Expense		 0.30 -0.31 -0.28 -0.04 0.06 0.23 0.37 0.37 0.80 0.53
Non-Cash Adjustments to Reconcile Net Income		 -0.45 0.95 0.82 0.84 0.78 1.00 0.92 1.00 -1.39 0.88
Changes in Operating Assets and Liabilities, net		 24 -16 0.86 -2.89 -19 4.89 3.13 -6.49 -11 -8.92
Net Cash From Investing Activities		 -87 62 14 -84 -41 -2.65 -36 -129 -204 -249
Net Cash From Continuing Investing Activities		 -87 62 14 -84 -41 -2.65 -36 -129 -204 -249
Purchase of Property, Leasehold Improvements and Equipment		 -3.42 -0.46 -0.19 -0.01 -0.18 -0.24 -2.54 -0.01 -0.18 -0.30
Purchase of Investment Securities		 -104 -9.60 -39 -106 -55 -14 -46 -156 -251 -260
Sale and/or Maturity of Investments		 21 72 53 22 14 12 12 27 47 11
Net Cash From Financing Activities		 90 1.69 -33 91 54 -66 -11 244 211 242
Net Cash From Continuing Financing Activities		 90 1.69 -33 91 54 -66 -11 244 211 242
Net Change in Deposits		 82 -60 0.49 97 34 98 167 -5.42 111 103
Issuance of Debt		 298 278 213 208 193 168 163 156 143 15
Repayment of Debt		 -288 -216 -243 -211 -168 -136 -98 -56 -117 -
Repurchase of Common Equity		 -0.05 -0.04 -2.90 -2.28 -4.67 - - 0.00 -0.12 -1.62
Payment of Dividends		 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01 -1.01
Other Financing Activities, Net		 -0.36 0.51 -0.01 -0.01 -0.18 -195 -242 150 75 126
Cash Interest Paid		 36 38 36 35 32 54 5.89 23 15 7.34
Cash Income Taxes Paid		 0.27 2.86 2.63 0.00 1.46 3.84 5.05 0.04 6.41 6.20

Annual Balance Sheets for Bridgewater Bancshares

This table presents Bridgewater Bancshares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 5,066 4,612 4,346
Cash and Due from Banks		 230 129 87
Time Deposits Placed and Other Short-Term Investments		 4.38 0.00 1.18
Trading Account Securities		 768 604 549
Loans and Leases, Net of Allowance		 3,809 3,667 3,512
Premises and Equipment, Net		 50 49 48
Goodwill		 12 2.63 2.63
Intangible Assets		 7.85 0.19 0.29
Other Assets		 185 160 145
Total Liabilities & Shareholders' Equity		 5,066 4,612 4,346
Total Liabilities		 4,608 4,186 3,952
Non-Interest Bearing Deposits		 801 757 884
Interest Bearing Deposits		 3,286 2,953 2,532
Accrued Interest Payable		 4.01 5.28 2.83
Long-Term Debt		 453 413 190
Other Long-Term Liabilities		 65 59 56
Total Equity & Noncontrolling Interests		 458 426 394
Total Preferred & Common Equity		 458 426 394
Preferred Stock		 67 67 67
Total Common Equity		 391 359 328
Common Stock		 95 97 97
Retained Earnings		 309 281 249
Accumulated Other Comprehensive Income / (Loss)		 -13 -18 -18

Quarterly Balance Sheets for Bridgewater Bancshares

This table presents Bridgewater Bancshares' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 4,692 4,687 4,723 4,557 4,603 4,603 4,129
Cash and Due from Banks		 192 134 143 124 177 209 75
Trading Account Securities		 665 601 633 553 538 559 542
Loans and Leases, Net of Allowance		 3,629 3,742 3,727 3,664 3,678 0.00 0.00
Premises and Equipment, Net		 48 48 48 49 50 48 49
Goodwill		 2.63 2.63 2.63 2.63 2.63 2.63 2.63
Intangible Assets		 0.16 0.17 0.18 0.20 0.21 0.24 0.34
Other Assets		 156 159 169 162 156 157 134
Total Liabilities & Shareholders' Equity		 4,692 4,687 4,723 4,557 4,603 4,603 4,129
Total Liabilities		 4,239 4,248 4,289 4,141 4,194 4,201 3,747
Non-Interest Bearing Deposits		 713 705 698 754 751 742 961
Interest Bearing Deposits		 3,034 3,103 3,109 2,921 2,827 2,669 2,344
Accrued Interest Payable		 3.46 4.00 4.41 3.82 2.97 3.26 2.21
Long-Term Debt		 443 380 410 387 355 290 164
Other Long-Term Liabilities		 46 56 68 74 63 60 64
Total Equity & Noncontrolling Interests		 452 439 434 416 409 402 382
Total Preferred & Common Equity		 452 439 434 416 409 402 382
Preferred Stock		 67 67 67 67 67 67 67
Total Common Equity		 386 373 367 349 343 335 315
Common Stock		 95 93 95 100 99 98 96
Retained Earnings		 302 295 287 273 264 255 236
Accumulated Other Comprehensive Income / (Loss)		 -11 -15 -16 -24 -21 -18 -17

Annual Metrics And Ratios for Bridgewater Bancshares

This table displays calculated financial ratios and metrics derived from Bridgewater Bancshares' official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 -1.89% -17.91% 18.47%
EBITDA Growth		 -20.15% -27.43% 13.70%
EBIT Growth		 -18.63% -26.76% 16.46%
NOPAT Growth		 -17.86% -25.16% 16.86%
Net Income Growth		 -17.86% -25.16% 16.86%
EPS Growth		 -18.90% -26.16% 11.69%
Operating Cash Flow Growth		 54.51% -64.69% 56.72%
Free Cash Flow Firm Growth		 81.35% -1,213.89% 73.11%
Invested Capital Growth		 8.69% 43.57% 13.56%
Revenue Q/Q Growth		 2.60% -6.61% 3.18%
EBITDA Q/Q Growth		 -1.08% -11.77% 1.24%
EBIT Q/Q Growth		 -1.66% -11.31% 1.55%
NOPAT Q/Q Growth		 -2.00% -10.85% 2.34%
Net Income Q/Q Growth		 -2.00% -10.85% 2.34%
EPS Q/Q Growth		 -2.83% -11.19% 3.61%
Operating Cash Flow Q/Q Growth		 1,292.25% -30.38% -6.32%
Free Cash Flow Firm Q/Q Growth		 31.23% -0.88% -220.32%
Invested Capital Q/Q Growth		 1.77% 4.31% 6.90%
Profitability Metrics		 - - -
EBITDA Margin		 40.86% 50.20% 56.79%
EBIT Margin		 39.01% 47.03% 52.72%
Profit (Net Income) Margin		 29.96% 35.79% 39.25%
Tax Burden Percent		 76.81% 76.08% 74.46%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 23.19% 23.92% 25.54%
Return on Invested Capital (ROIC)		 3.75% 5.62% 9.73%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.75% 5.62% 9.73%
Return on Net Nonoperating Assets (RNNOA)		 3.68% 4.13% 4.08%
Return on Equity (ROE)		 7.43% 9.75% 13.81%
Cash Return on Invested Capital (CROIC)		 -4.57% -30.16% -2.97%
Operating Return on Assets (OROA)		 0.88% 1.17% 1.83%
Return on Assets (ROA)		 0.68% 0.89% 1.36%
Return on Common Equity (ROCE)		 6.31% 8.17% 11.43%
Return on Equity Simple (ROE_SIMPLE)		 7.17% 9.39% 13.55%
Net Operating Profit after Tax (NOPAT)		 33 40 53
NOPAT Margin		 29.96% 35.79% 39.25%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.03% 39.12% 32.90%
Operating Expenses to Revenue		 57.78% 53.12% 41.62%
Earnings before Interest and Taxes (EBIT)		 43 53 72
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 45 56 77
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.95 1.05 1.49
Price to Tangible Book Value (P/TBV)		 1.00 1.06 1.51
Price to Revenue (P/Rev)		 3.38 3.39 3.60
Price to Earnings (P/E)		 12.88 10.54 9.92
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 7.77% 9.48% 10.08%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.87 1.13
Enterprise Value to Revenue (EV/Rev)		 5.99 6.53 4.83
Enterprise Value to EBITDA (EV/EBITDA)		 14.65 13.01 8.51
Enterprise Value to EBIT (EV/EBIT)		 15.35 13.88 9.17
Enterprise Value to NOPAT (EV/NOPAT)		 19.98 18.24 12.31
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.14 24.29 7.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.99 0.97 0.48
Long-Term Debt to Equity		 0.99 0.97 0.48
Financial Leverage		 0.98 0.73 0.42
Leverage Ratio		 10.96 10.93 10.12
Compound Leverage Factor		 10.96 10.93 10.12
Debt to Total Capital		 49.72% 49.23% 32.49%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 49.72% 49.23% 32.49%
Preferred Equity to Total Capital		 7.30% 7.94% 11.39%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 42.97% 42.84% 56.11%
Debt to EBITDA		 10.12 7.36 2.46
Net Debt to EBITDA		 4.89 5.07 1.31
Long-Term Debt to EBITDA		 10.12 7.36 2.46
Debt to NOPAT		 13.80 10.32 3.55
Net Debt to NOPAT		 6.67 7.11 1.90
Long-Term Debt to NOPAT		 13.80 10.32 3.55
Noncontrolling Interest Sharing Ratio		 15.06% 16.23% 17.20%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -40 -214 -16
Operating Cash Flow to CapEx		 1,136.67% 1,010.61% 5,205.08%
Free Cash Flow to Firm to Interest Expense		 -0.28 -1.83 -0.48
Operating Cash Flow to Interest Expense		 0.32 0.26 2.50
Operating Cash Flow Less CapEx to Interest Expense		 0.29 0.23 2.45
Efficiency Ratios		 - - -
Asset Turnover		 0.02 0.02 0.03
Fixed Asset Turnover		 2.23 2.29 2.78
Capital & Investment Metrics		 - - -
Invested Capital		 911 838 584
Invested Capital Turnover		 0.13 0.16 0.25
Increase / (Decrease) in Invested Capital		 73 254 70
Enterprise Value (EV)		 656 729 657
Market Capitalization		 371 379 489
Book Value per Share		 $14.27 $12.82 $11.87
Tangible Book Value per Share		 $13.55 $12.72 $11.77
Total Capital		 911 838 584
Total Debt		 453 413 190
Total Long-Term Debt		 453 413 190
Net Debt		 219 284 101
Capital Expenditures (CapEx)		 4.08 2.97 1.63
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 453 413 190
Total Depreciation and Amortization (D&A)		 2.03 3.54 5.54
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $1.05 $1.29 $1.78
Adjusted Weighted Average Basic Shares Outstanding		 27.60M 27.71M 27.76M
Adjusted Diluted Earnings per Share		 $1.03 $1.27 $1.72
Adjusted Weighted Average Diluted Shares Outstanding		 27.60M 27.71M 27.76M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.60M 27.71M 27.76M
Normalized Net Operating Profit after Tax (NOPAT)		 33 40 53
Normalized NOPAT Margin		 29.96% 35.79% 39.25%
Pre Tax Income Margin		 39.01% 47.03% 52.72%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.30 0.45 2.11
NOPAT to Interest Expense		 0.23 0.34 1.57
EBIT Less CapEx to Interest Expense		 0.27 0.42 2.06
NOPAT Less CapEx to Interest Expense		 0.20 0.32 1.52
Payout Ratios		 - - -
Dividend Payout Ratio		 12.35% 10.15% 7.59%
Augmented Payout Ratio		 28.40% 21.83% 27.99%

Quarterly Metrics And Ratios for Bridgewater Bancshares

This table displays calculated financial ratios and metrics derived from Bridgewater Bancshares' official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 10.39% -0.10% -1.94% -14.19% -22.84% -23.49% -20.17% -3.87% 13.76% 17.95%
EBITDA Growth		 -4.10% -12.91% -21.77% -35.87% -38.60% -36.38% -25.92% -6.57% 5.14% 22.53%
EBIT Growth		 -6.41% -9.18% -18.07% -35.24% -37.34% -36.90% -25.51% -4.46% 6.51% 27.52%
NOPAT Growth		 -7.54% -9.91% -17.33% -32.73% -35.40% -33.65% -23.80% -5.06% 9.76% 26.10%
Net Income Growth		 -7.54% -9.91% -17.33% -32.73% -35.40% -33.65% -23.80% -5.06% 9.76% 26.10%
EPS Growth		 -10.34% -10.00% -16.13% -35.14% -35.56% -36.17% -24.39% -5.13% 15.38% 17.50%
Operating Cash Flow Growth		 508.33% -137.97% -28.94% -7.86% -282.89% 72.45% -62.65% -75.07% -55.33% -42.64%
Free Cash Flow Firm Growth		 73.68% 66.51% 79.43% 13.07% -338.53% -927.96% -159.61% -81.17% 40.36% -35.00%
Invested Capital Growth		 8.69% 11.40% 7.26% 21.97% 43.57% 47.13% 45.84% 34.51% 13.56% 7.61%
Revenue Q/Q Growth		 8.77% 1.35% 2.21% -2.03% -1.56% -0.51% -10.56% -11.90% -2.40% 3.81%
EBITDA Q/Q Growth		 -1.95% 6.56% 1.15% -10.11% -10.96% -4.29% -17.08% -13.11% -7.73% 11.45%
EBIT Q/Q Growth		 -7.46% 6.98% 3.69% -9.73% -10.21% -3.49% -18.04% -11.78% -9.57% 13.92%
NOPAT Q/Q Growth		 -5.43% 6.90% 3.63% -11.74% -7.85% -1.91% -15.68% -15.24% -5.36% 12.66%
Net Income Q/Q Growth		 -5.43% 6.90% 3.63% -11.74% -7.85% -1.91% -15.68% -15.24% -5.36% 12.66%
EPS Q/Q Growth		 -3.70% 3.85% 8.33% -17.24% -3.33% -3.23% -16.22% -17.78% -4.26% 14.63%
Operating Cash Flow Q/Q Growth		 677.63% -156.47% 47.53% 184.85% -153.71% 5.69% 91.31% 68.42% -49.36% -77.11%
Free Cash Flow Firm Q/Q Growth		 22.12% -75.06% 67.13% 41.27% 0.91% -7.55% -38.89% -196.26% -132.28% 72.84%
Invested Capital Q/Q Growth		 1.77% 9.22% -2.88% 0.68% 4.31% 5.16% 10.44% 18.51% 6.90% 4.24%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 38.68% 42.91% 40.81% 41.24% 44.52% 49.22% 51.16% 55.19% 55.96% 59.19%
EBIT Margin		 35.64% 41.89% 39.69% 39.12% 42.04% 46.08% 47.51% 51.84% 51.77% 55.87%
Profit (Net Income) Margin		 27.81% 31.99% 30.33% 29.91% 33.20% 35.47% 35.97% 38.16% 39.66% 40.90%
Tax Burden Percent		 78.04% 76.36% 76.41% 76.46% 78.99% 76.97% 75.72% 73.61% 76.61% 73.21%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.96% 23.64% 23.59% 23.54% 21.01% 23.03% 24.28% 26.39% 23.39% 26.79%
Return on Invested Capital (ROIC)		 3.48% 4.02% 4.09% 4.18% 5.22% 6.29% 7.15% 8.53% 9.83% 10.24%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.48% 4.02% 4.09% 4.18% 5.22% 6.29% 7.15% 8.53% 9.83% 10.24%
Return on Net Nonoperating Assets (RNNOA)		 3.41% 3.85% 3.54% 3.50% 3.83% 4.34% 4.59% 4.63% 4.12% 4.15%
Return on Equity (ROE)		 6.90% 7.87% 7.64% 7.68% 9.05% 10.63% 11.74% 13.16% 13.95% 14.38%
Cash Return on Invested Capital (CROIC)		 -4.57% -6.84% -2.66% -15.09% -30.16% -31.50% -29.57% -20.68% -2.97% 2.57%
Operating Return on Assets (OROA)		 0.81% 0.97% 0.91% 0.90% 1.05% 1.27% 1.43% 1.70% 1.80% 1.96%
Return on Assets (ROA)		 0.63% 0.74% 0.70% 0.69% 0.83% 0.98% 1.08% 1.25% 1.38% 1.43%
Return on Common Equity (ROCE)		 5.86% 6.66% 6.44% 6.46% 7.58% 8.86% 9.75% 10.92% 11.55% 11.83%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 7.41% 7.84% 8.34% 0.00% 10.78% 12.15% 13.13% 0.00% 13.66%
Net Operating Profit after Tax (NOPAT)		 8.20 8.68 8.12 7.83 8.87 9.63 9.82 12 14 15
NOPAT Margin		 27.81% 31.99% 30.33% 29.91% 33.20% 35.47% 35.97% 38.16% 39.66% 40.90%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 43.08% 42.97% 43.19% 42.87% 42.75% 41.38% 38.06% 34.88% 35.79% 29.69%
Operating Expenses to Revenue		 56.99% 58.11% 58.07% 58.02% 58.90% 56.13% 52.31% 46.11% 43.90% 39.90%
Earnings before Interest and Taxes (EBIT)		 11 11 11 10 11 13 13 16 18 20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 11 12 11 11 12 13 14 17 19 21
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.95 1.00 0.85 0.88 1.05 0.76 0.80 0.90 1.49 1.44
Price to Tangible Book Value (P/TBV)		 1.00 1.01 0.86 0.89 1.06 0.77 0.81 0.90 1.51 1.45
Price to Revenue (P/Rev)		 3.38 3.63 2.98 3.00 3.39 2.22 2.15 2.23 3.60 3.45
Price to Earnings (P/E)		 12.88 13.16 10.46 10.05 10.54 6.51 6.03 6.18 9.92 9.47
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 7.77% 7.60% 9.56% 9.95% 9.48% 15.37% 16.59% 16.19% 10.08% 10.56%
Enterprise Value to Invested Capital (EV/IC)		 0.72 0.79 0.77 0.78 0.87 0.74 0.68 0.65 1.13 1.11
Enterprise Value to Revenue (EV/Rev)		 5.99 6.60 5.90 6.11 6.53 4.96 4.05 3.31 4.83 4.61
Enterprise Value to EBITDA (EV/EBITDA)		 14.65 15.58 13.42 13.11 13.01 9.34 7.28 5.87 8.51 7.97
Enterprise Value to EBIT (EV/EBIT)		 15.35 16.22 14.13 13.97 13.88 10.02 7.79 6.29 9.17 8.61
Enterprise Value to NOPAT (EV/NOPAT)		 19.98 21.05 18.30 18.14 18.24 13.24 10.43 8.47 12.31 11.66
Enterprise Value to Operating Cash Flow (EV/OCF)		 14.14 211.66 25.13 22.31 24.29 13.77 14.20 7.26 7.73 6.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.84
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.99 0.98 0.87 0.95 0.97 0.93 0.87 0.72 0.48 0.43
Long-Term Debt to Equity		 0.99 0.98 0.87 0.95 0.97 0.93 0.87 0.72 0.48 0.43
Financial Leverage		 0.98 0.96 0.87 0.84 0.73 0.69 0.64 0.54 0.42 0.41
Leverage Ratio		 10.96 10.65 10.95 11.16 10.93 10.89 10.82 10.51 10.12 10.03
Compound Leverage Factor		 10.96 10.65 10.95 11.16 10.93 10.89 10.82 10.51 10.12 10.03
Debt to Total Capital		 49.72% 49.48% 46.40% 48.61% 49.23% 48.23% 46.45% 41.89% 32.49% 30.04%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 49.72% 49.48% 46.40% 48.61% 49.23% 48.23% 46.45% 41.89% 32.49% 30.04%
Preferred Equity to Total Capital		 7.30% 7.43% 8.12% 7.88% 7.94% 8.28% 8.71% 9.62% 11.39% 12.18%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 42.97% 43.09% 45.48% 43.51% 42.84% 43.50% 44.85% 48.50% 56.11% 57.78%
Debt to EBITDA		 10.12 9.79 8.09 8.20 7.36 6.10 4.99 3.81 2.46 2.15
Net Debt to EBITDA		 4.89 5.55 5.24 5.33 5.07 4.12 2.48 1.04 1.31 1.15
Long-Term Debt to EBITDA		 10.12 9.79 8.09 8.20 7.36 6.10 4.99 3.81 2.46 2.15
Debt to NOPAT		 13.80 13.22 11.04 11.35 10.32 8.64 7.14 5.49 3.55 3.14
Net Debt to NOPAT		 6.67 7.49 7.15 7.38 7.11 5.84 3.55 1.50 1.90 1.67
Long-Term Debt to NOPAT		 13.80 13.22 11.04 11.35 10.32 8.64 7.14 5.49 3.55 3.14
Noncontrolling Interest Sharing Ratio		 15.06% 15.32% 15.68% 15.92% 16.23% 16.67% 16.97% 17.02% 17.20% 17.74%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -65 -83 -47 -144 -245 -248 -230 -166 -56 -24
Operating Cash Flow to CapEx		 1,010.43% -1,290.09% 5,638.30% 119,750.00% -4,627.32% 6,597.07% 587.09% 111,400.00% 2,630.68% 3,068.12%
Free Cash Flow to Firm to Interest Expense		 -1.78 -2.22 -1.32 -4.24 -7.38 -7.89 -7.91 -7.08 -3.51 -2.92
Operating Cash Flow to Interest Expense		 0.95 -0.16 0.30 0.21 -0.25 0.50 0.51 0.33 0.29 1.11
Operating Cash Flow Less CapEx to Interest Expense		 0.86 -0.17 0.29 0.21 -0.26 0.49 0.42 0.33 0.28 1.07
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.02 0.02 0.02 0.02 0.02 0.03 0.03 0.03 0.03 0.04
Fixed Asset Turnover		 2.23 2.20 2.19 2.23 2.29 2.43 2.58 2.78 2.78 2.67
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 911 895 819 844 838 803 764 692 584 546
Invested Capital Turnover		 0.13 0.13 0.13 0.14 0.16 0.18 0.20 0.22 0.25 0.25
Increase / (Decrease) in Invested Capital		 73 92 55 152 254 257 240 177 70 39
Enterprise Value (EV)		 656 705 630 656 729 594 518 447 657 608
Market Capitalization		 371 388 318 323 379 265 275 301 489 454
Book Value per Share		 $14.27 $14.10 $13.62 $13.25 $12.82 $12.49 $12.26 $12.09 $11.87 $11.44
Tangible Book Value per Share		 $13.55 $14.00 $13.51 $13.15 $12.72 $12.39 $12.16 $11.98 $11.77 $11.33
Total Capital		 911 895 819 844 838 803 764 692 584 546
Total Debt		 453 443 380 410 413 387 355 290 190 164
Total Long-Term Debt		 453 443 380 410 413 387 355 290 190 164
Net Debt		 219 251 246 267 284 262 177 79 101 87
Capital Expenditures (CapEx)		 3.42 0.46 0.19 0.01 0.18 0.24 2.54 0.01 0.18 0.30
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 453 443 380 410 413 387 355 290 190 164
Total Depreciation and Amortization (D&A)		 0.90 0.28 0.30 0.56 0.67 0.85 1.00 1.02 1.45 1.18
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.26 $0.28 $0.26 $0.25 $0.28 $0.31 $0.32 $0.38 $0.46 $0.00
Adjusted Weighted Average Basic Shares Outstanding		 27.60M 27.43M 27.35M 27.37M 27.71M 28.00M 27.98M 27.93M 27.76M 0.00
Adjusted Diluted Earnings per Share		 $0.26 $0.27 $0.26 $0.24 $0.29 $0.30 $0.31 $0.37 $0.45 $0.00
Adjusted Weighted Average Diluted Shares Outstanding		 27.60M 27.43M 27.35M 27.37M 27.71M 28.00M 27.98M 27.93M 27.76M 0.00
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.60M 27.43M 27.35M 27.37M 27.71M 28.00M 27.98M 27.93M 27.76M 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 8.20 8.68 8.12 7.83 8.87 9.63 9.82 12 14 15
Normalized NOPAT Margin		 27.81% 31.99% 30.33% 29.91% 33.20% 35.47% 35.97% 38.16% 39.66% 40.90%
Pre Tax Income Margin		 35.64% 41.89% 39.69% 39.12% 42.04% 46.08% 47.51% 51.84% 51.77% 55.87%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.29 0.30 0.30 0.30 0.34 0.40 0.45 0.68 1.12 2.40
NOPAT to Interest Expense		 0.23 0.23 0.23 0.23 0.27 0.31 0.34 0.50 0.86 1.76
EBIT Less CapEx to Interest Expense		 0.20 0.29 0.29 0.30 0.33 0.39 0.36 0.67 1.11 2.36
NOPAT Less CapEx to Interest Expense		 0.13 0.22 0.22 0.23 0.26 0.30 0.25 0.50 0.85 1.72
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 12.35% 12.10% 11.77% 11.21% 10.15% 9.04% 8.16% 7.68% 7.59% 8.07%
Augmented Payout Ratio		 28.40% 41.61% 40.35% 30.43% 21.83% 9.30% 11.64% 26.04% 27.99% 28.84%

Frequently Asked Questions About Bridgewater Bancshares' Financials

When does Bridgewater Bancshares's fiscal year end?

According to the most recent income statement we have on file, Bridgewater Bancshares' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Bridgewater Bancshares' net income changed over the last 2 years?

Bridgewater Bancshares' net income appears to be on a downward trend, with a most recent value of $32.83 million in 2024, falling from $53.39 million in 2022. The previous period was $39.96 million in 2023.

How has Bridgewater Bancshares revenue changed over the last 2 years?

Over the last 2 years, Bridgewater Bancshares' total revenue changed from $136.03 million in 2022 to $109.56 million in 2024, a change of -19.5%.

How much debt does Bridgewater Bancshares have?

Bridgewater Bancshares' total liabilities were at $4.61 billion at the end of 2024, a 10.1% increase from 2023, and a 16.6% increase since 2022.

How much cash does Bridgewater Bancshares have?

In the past 2 years, Bridgewater Bancshares' cash and equivalents has ranged from $87.04 million in 2022 to $229.76 million in 2024, and is currently $229.76 million as of their latest financial filing in 2024.

How has Bridgewater Bancshares' book value per share changed over the last 2 years?

Over the last 2 years, Bridgewater Bancshares' book value per share changed from 11.87 in 2022 to 14.27 in 2024, a change of 20.2%.


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This page (NASDAQ:BWBBP) was last updated on 5/29/2025 by MarketBeat.com Staff
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