Bridgewater Bancshares Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag

Simply Wall St.03-12

Bridgewater Bancshares (NASDAQ:BWB) Full Year 2023 Results Key Financial Results Revenue: US$111.8m (down 13% from FY 2022). Net income: US$35.9m (down 27% from FY 2022). Profit margin: 32% (down ...

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The decrease in margin was driven by lower revenue.NasdaqCM:BWB Revenue and Expenses Breakdown March 12th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue missed analyst estimates by 5.1%. Earnings per share  exceeded analyst estimates by 2.4%.In the last 12 months, the only revenue segment was Banking contributing US$111.8m. The largest operating expense was General & Administrative costs, amounting to US$48.5m . Explore how BWB's revenue and expenses shape its earnings.Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US.The company's shares are up 1.7% from a week ago.We don't want to rain on the parade too much, but we did also find 2 warning signs for Bridgewater Bancshares (1 is a bit unpleasant!) that you need to be mindful of.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"BWBBP":"Bridgewater Bancshares","BWB":"Bridgewater Bancshares"},"translate_title":"布里奇沃特银行2023年全年收益：每股收益超出预期，收入滞后","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BWB":0.9,"BWBBP":0.9},"content_text":"Bridgewater Bancshares (NASDAQ:BWB) Full Year 2023 Results\nKey Financial Results\n\nRevenue: US$111.8m (down 13% from FY 2022).\nNet income: US$35.9m (down 27% from FY 2022).\nProfit margin: 32% (down from 39% in FY 2022). The decrease in margin was driven by lower revenue.\nEPS: US$1.29 (down from US$1.78 in FY 2022).\n\nBWB Banking Performance Indicators\n\nNet interest margin (NIM): 2.42% (down from 3.45% in FY 2022).\nCost-to-income ratio: 53.0% (up from 41.5% in FY 2022).\nNon-performing loans: 0.02% (no change from 0.02% in FY 2022).\n\n\n\n\n  NasdaqCM:BWB Revenue and Expenses Breakdown March 12th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nBridgewater Bancshares EPS Beats Expectations, Revenues Fall Short\n Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. \n In the last 12 months, the only revenue segment was Banking contributing US$111.8m. The largest operating expense was General & Administrative costs, amounting to US$48.5m (64% of total expenses). Explore how BWB's revenue and expenses shape its earnings.\n Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. \nPerformance of the American Banks industry.\n The company's shares are up 1.7% from a week ago. \nRisk Analysis\n We don't want to rain on the parade too much, but we did also find 2 warning signs for Bridgewater Bancshares (1 is a bit unpleasant!) that you need to be mindful of. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418584826"}