Financial Snapshot

Revenue
$182.6M
TTM
Gross Margin
Net Earnings
$29.44M
TTM
Current Assets
Current Liabilities
$3.458M
Q3 2024
Current Ratio
Total Assets
$4.692B
Q3 2024
Total Liabilities
$4.239B
Q3 2024
Book Value
$452.2M
Q3 2024
Cash
Q3 2024
P/E
14.09
Nov 29, 2024 EST
Free Cash Flow
$2.490M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $222.4M $163.7M $128.9M $114.8M $103.8M $85.23M
YoY Change 35.83% 27.01% 12.24% 10.65% 21.77%

Expenses

Cost Of Revenues

No data

Gross Profit

No data

Gross Profit Margin

No data

Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Revenue $222.4M $163.7M $128.9M $114.8M $103.8M $85.23M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

No data

Research & Development

No data

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

No data

R&D To Gross Profit Ratio

No data

DDA To Gross Profit Ratio

No data

Operating Expenses Total

No data

Operating Profits/Loss

No data

Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $2.565M $2.400M $1.200M $1.000M $761.0K $880.0K $690.0K
YoY Change -2.53% 6.88% 100.0% 20.0% 31.41% -13.52% 27.54%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

No data

Other Expense/Income

No data

Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Interest Expense $117.2M $34.00M $19.37M $26.86M $29.65M $20.49M
YoY Change 244.68% 75.51% -27.89% -9.39% 44.7%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Pretax Income $52.52M $71.71M $61.57M $35.67M $38.33M $32.14M $27.00M $21.30M
YoY Change -26.76% 16.46% 72.64% -6.94% 19.23% 19.05% 26.76% 16.39%
Income Tax $12.56M $18.32M $15.89M $8.472M $6.923M $5.224M $8.100M $8.100M
% Of Pretax Income 23.92% 25.54% 25.8% 23.75% 18.06% 16.25% 30.0% 38.03%
Net Earnings $35.91M $49.34M $45.69M $27.19M $31.40M $26.92M $16.90M $13.20M
YoY Change -27.22% 7.99% 68.0% -13.4% 16.65% 59.29% 28.03% 17.86%
Net Earnings / Revenue 16.15% 30.14% 35.45% 23.68% 30.26% 31.59%
Basic Earnings Per Share $1.29 $1.78 $1.59 $0.95 $1.07 $0.93
Diluted Earnings Per Share $1.27 $1.721M $1.54 $0.93 $1.05 $0.91 $580.8K $453.6K

Assets & Liabilities

Cash & Short-Term Investments

No data

Cash & Equivalents

Cash To Operating Expenses Ratio

No data

Inventory

No data

Receivables

No data

Total Short-Term Assets

No data

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

No data

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

No data

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

No data

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment $48.89M $48.45M $49.40M $51.00M $27.60M $13.10M $10.10M $9.600M
YoY Change 0.91% -1.93% -3.14% 84.78% 110.69% 29.7% 5.21%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets $4.612B $4.346B $3.478B $2.927B $2.269B $1.974B $1.617B $1.260B
YoY Change
Accounts Payable $5.282M $2.831M $1.400M $1.600M $2.000M $1.800M $1.400M $600.0K
YoY Change 86.58% 102.21% -12.5% -20.0% 11.11% 28.57% 133.33%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $287.0M $0.00 $18.00M $64.50M $44.00M
YoY Change -100.0% -100.0% -72.09% 46.59%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.282M $2.831M $1.400M $1.600M $2.000M $1.800M $1.400M $600.0K
YoY Change 86.58% 102.21% -12.5% -20.0% 11.11% 28.57% 133.33%
Long-Term Debt $93.04M $92.66M $92.20M $84.70M $37.70M $39.60M $0.00 $19.00M
YoY Change 0.41% 0.49% 8.85% 124.67% -4.8% -100.0%
Other Long-Term Liabilities $58.71M $55.57M $16.00M $16.50M $24.50M $8.400M $6.200M $4.900M
YoY Change 5.65% 247.31% -3.03% -32.65% 191.67% 35.48% 26.53%
Total Long-Term Liabilities $151.7M $148.2M $108.2M $101.2M $62.20M $48.00M $6.200M $23.90M
YoY Change 2.38% 36.99% 6.92% 62.7% 29.58% 674.19% -74.06%
Total Liabilities $4.186B $3.952B $3.098B $2.662B $2.024B $1.753B $1.480B $1.145B
YoY Change 5.94% 27.54% 16.4% 31.52% 15.48% 18.47% 29.21%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017 2016
Basic Shares Outstanding 27.86M 27.76M 28.03M 28.58M 29.36M 29.00M
Diluted Shares Outstanding 28.32M 28.67M 28.97M 29.17M 30.00M 29.44M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

No data

Stock Price

Market Cap: $414.68 Million

About Bridgewater Bancshares Inc

Bridgewater Bancshares, Inc. is a holding company, which provides retail and commercial loan and deposit services. The Bank focuses primarily on commercial lending, consisting of loans secured by nonfarm, nonresidential properties, loans secured by multifamily residential properties, nonowner occupied single family residential properties, construction loans, land development loans and commercial and industrial loans. The company offers loan and deposit products primarily for commercial clients. The Bank has developed a suite of deposit products targeted at commercial clients, including a variety of remote deposit and cash management products, along with commercial transaction accounts. The Bank also offers consumers traditional retail deposit products through its branch network, along with online, mobile, and direct banking channels. The Bank has seven full-service offices located in Bloomington, Greenwood, Minneapolis (two), St. Louis Park, Orono, and St. Paul, Minnesota.

Industry: State Commercial Banks Peers: Greystone Housing Impact Investors LP GREENE COUNTY BANCORP INC Guild Holdings Co loanDepot, Inc. Luther Burbank Corp Rocket Companies, Inc. SOUTHERN MISSOURI BANCORP, INC. Waterstone Financial, Inc.