Bridgewater Bancshares Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St.03-11

Bridgewater Bancshares (NASDAQ:BWB) Full Year 2024 Results

Key Financial Results

Revenue: US$106.0m (down 5.2% from FY 2023).
Net income: US$28.8m (down 20% from FY 2023).
Profit margin: 27% (down from 32% in FY 2023). The decrease in margin was primarily driven by lower revenue.
EPS: US$1.05 (down from US$1.29 in FY 2023).

BWB Banking Performance Indicators

Net interest margin (NIM): 2.26% (down from 2.42% in FY 2023).
Cost-to-income ratio: 57.3% (up from 53.0% in FY 2023).
Non-performing loans: 0.01% (down from 0.02% in FY 2023).

NasdaqCM:BWB Revenue and Expenses Breakdown March 11th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bridgewater Bancshares EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.5%.

In the last 12 months, the only revenue segment was Banking contributing US$106.0m. The largest operating expense was General & Administrative costs, amounting to US$52.9m (68% of total expenses). Explore how BWB's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 7.3% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 4.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Bridgewater Bancshares' balance sheet and an in-depth analysis of the company's financial position.

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