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Can Bridgewater (BWB) Keep the Earnings Surprise Streak Alive?
ZACKS· 2025-10-09 17:11
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Bridgewater (BWB) . This company, which is in the Zacks Banks - Northeast industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 8.03%.For the most recent quart ...
Bridgewater Bancshares: 6.9% Yield On Regional Bank Preferred Share (NASDAQ:BWB)
Seeking Alpha· 2025-09-23 22:42
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing sinc ...
Bridgewater Bancshares: 6.9% Yield On Regional Bank Preferred Share
Seeking Alpha· 2025-09-23 22:42
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing sinc ...
Bridgewater Bancshares (BWB) FY Conference Transcript
2025-08-27 14:37
Summary of Bridgewater Bancshares (BWB) FY Conference Call Company Overview - **Company Name**: Bridgewater Bancshares Inc. (BWB) - **Ticker Symbol**: BWB - **Founded**: February 2005 - **Location**: Minneapolis area, specifically Saint Louis Park - **Assets**: Approximately $5.3 billion, primarily focused on commercial banking and entrepreneurs - **Branches**: 9 branches, with 5 being De Novo and 4 acquired through small market acquisitions [3][4] Core Points and Arguments Growth and Market Position - **Market Position**: BWB has grown from the 14th largest locally led institution in the Twin Cities to the 2nd largest, only behind US Bank [9] - **Organic Growth**: Achieved 20% compounded growth over the last ten years, primarily through organic means, with only two small acquisitions [11] - **Core Deposits**: Core deposits have grown at an 11% rate over the last five years, which is crucial for the bank's growth strategy [13] Risk Management and Efficiency - **Risk Management**: BWB has maintained lower charge-offs compared to peers, emphasizing a strong risk management process [8] - **Efficiency Model**: The bank operates with a light branch footprint, which has driven profitability and efficiency, with a target efficiency ratio of 45-50% [29][41] Loan Portfolio and Asset Class Focus - **Loan Growth**: Focused on high-quality loans, particularly in the multifamily sector, which has grown from 21% in 2015 to nearly 40% today [17] - **Multifamily Lending**: This asset class has historically performed well, with only $62,000 in charge-offs over 20 years [19] - **Affordable Housing**: BWB sees significant growth opportunities in affordable housing, which has grown at a 15% rate over the last year [24] Financial Performance and Revenue Streams - **Net Interest Margin**: Recent expansion in net interest margin due to repricing of loans, with expectations for continued growth as older loans roll off [26][28] - **Non-Interest Income**: Focus on diversifying income streams, with a record quarter for non-interest income in 2025 [25] Regulatory Environment - **Regulatory Relationships**: Improved relationships with regulators, leading to quicker approvals for M&A transactions [52] Additional Important Insights - **Market Disruption**: BWB has capitalized on market disruptions caused by consolidation among larger banks, allowing it to attract clients from competitors [10][76] - **Technology Investments**: Significant investments in technology over the past five years are expected to pay off as growth resumes [38] - **M&A Strategy**: BWB remains disciplined in its M&A approach, focusing on complementary businesses [40] Conclusion Bridgewater Bancshares is strategically positioned for growth in the Twin Cities market, leveraging its strong risk management, efficient operations, and focus on multifamily and affordable housing lending. The bank's proactive approach to market disruptions and regulatory relationships further enhances its potential for continued success.
Bridgewater Bank(BWB) - 2025 Q2 - Quarterly Report
2025-07-31 11:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ________ Commission File Number 001-38412 BRIDGEWATER BANCSHARES, INC. (Exact name of registrant as specified in its charter) ...
Bridgewater Bank(BWB) - 2025 Q2 - Earnings Call Transcript
2025-07-24 14:00
Financial Data and Key Metrics Changes - The company reported strong revenue and balance sheet growth trends, with net interest income increasing by $2.2 million during the quarter and net interest margin expanding by 11 basis points to 2.62% [5][12] - Tangible book value per share grew nearly 11% annualized year to date, resuming its consistent growth trend after a decline in 2024 due to an acquisition [8][34] - Noninterest income increased by $773,000 or 37% during the quarter, driven primarily by swap fee income [18][19] Business Line Data and Key Metrics Changes - The loan portfolio grew at an annualized rate of 12.5% in the second quarter, with total loans up 14.5% year to date, exceeding expectations for mid to high single-digit growth [23][24] - Core deposits increased by $16 million or 2% annualized, while total deposits rose by $74 million or 7% annualized [22] - The majority of loan growth was driven by non-owner occupied commercial real estate (CRE), with continued growth in multifamily and construction sectors [27][28] Market Data and Key Metrics Changes - The company noted a competitive landscape with tighter spreads due to increased market participation from other banks following liquidity concerns subsiding [51][60] - The ongoing market disruption from Old National's acquisition of Bremer Bank is expected to create additional growth opportunities [9][60] Company Strategy and Development Direction - The company aims to gain market share and capitalize on opportunities arising from market disruptions in the Twin Cities [39] - Two significant technology initiatives are planned for the third quarter, including an upgraded online banking platform and systems conversion from a recent acquisition [10][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued net interest margin expansion and loan growth, despite some headwinds from subordinated debt issuance [37][68] - The company remains focused on organic growth while exploring potential M&A opportunities, although no imminent deals are currently in sight [62] Other Important Information - The company repurchased $1.6 million of common stock early in the second quarter and has $13.1 million remaining under its current share repurchase authorization [9][34] - The overall credit profile remains strong, with nonperforming assets at 0.19% of total assets, well below peer levels [32] Q&A Session Summary Question: June average for the margin - The June average margin was $265 million [43] Question: Rate of securities sale relative to the total portfolio - The securities sold were primarily treasuries and mortgage-backed securities in the low 4s, below the blended securities portfolio yield [44][45] Question: Expectations for swap fees - Swap fees are expected to be more consistent going forward, although predicting exact quarterly amounts remains challenging [47][49] Question: Competition in the market - Increased competition has been noted, with local players returning to the market, but the company is optimistic about its strong pipeline [51][60] Question: Expectations for CRE growth - Growth in CRE is expected to align with other business lines, with a focus on affordable housing as a key growth driver [58][60] Question: NIM expansion outlook - Long-term expectations for NIM expansion remain positive, with ongoing loan repricing and opportunities to lower deposit costs [68][70]
Bridgewater Bank(BWB) - 2025 Q2 - Earnings Call Presentation
2025-07-24 13:00
Financial Performance - The company's reported diluted EPS was $038[6] - The company's reported Return on Average Assets was 090%[6] - The company's reported Return on Average Tangible Common Equity was 1093%[6] - The company's efficiency ratio was 526%[6] - Nonperforming assets to total assets was 019%[6] Net Interest Margin and Income - Net interest margin (NIM) increased by 11 bps from 1Q25 to 262%, while core NIM increased by 12 bps to 249%[6] - Net interest income increased by $22 million, or 74%, from 1Q25[6] Balance Sheet Growth - Loan balances increased by $126 million, or 125% annualized, from 1Q25[6] - Total deposit balances increased by $74 million, or 72% annualized, from 1Q25, with core deposit balances increasing by $16 million, or 21% annualized[6] Capital and Shareholder Value - Tangible book value per share increased by 92% annualized from 1Q25 to $1421[6] - The company repurchased 122,704 shares of common stock at an aggregate purchase price of $16 million, with an average price of $1280 per share[6]
Bridgewater (BWB) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-23 22:36
Company Performance - Bridgewater reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and up from $0.26 per share a year ago, representing an earnings surprise of +5.71% [1] - The company posted revenues of $36.08 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.80%, compared to year-ago revenues of $26.76 million [2] - Over the last four quarters, Bridgewater has consistently surpassed consensus EPS and revenue estimates [2] Stock Movement and Outlook - Bridgewater shares have increased approximately 19% since the beginning of the year, outperforming the S&P 500's gain of 7.3% [3] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $35.2 million, and for the current fiscal year, it is $1.40 on revenues of $138.2 million [7] Industry Context - The Banks - Northeast industry, to which Bridgewater belongs, is currently ranked in the top 24% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Bridgewater's performance [5][6]
Bridgewater Bank(BWB) - 2025 Q2 - Quarterly Results
2025-07-23 20:19
Exhibit 99.1 Investor Contact: Justin Horstman | VP Investor Relations Justin.Horstman@bwbmn.com | 952.542.5169 July 23, 2025 Media Contact: Jessica Stejskal | SVP Marketing Jessica.Stejskal@bwbmn.com | 952.893.6860 Bridgewater Bancshares, Inc. Announces Second Quarter 2025 Financial Results Second Quarter 2025 Highlights (1) Represents a non-GAAP financial measure. See "Non-GAAP Financial Measures" for further details. (2) Core deposits are defined as total deposits less brokered deposits and certificates ...
Bridgewater (BWB) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-07-16 15:01
Core Viewpoint - The market anticipates Bridgewater (BWB) to report a year-over-year increase in earnings and revenues for the quarter ended June 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Bridgewater is expected to post quarterly earnings of $0.35 per share, reflecting a year-over-year increase of +34.6% [3]. - Revenues are projected to be $34.1 million, which is a 27.4% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 2.63% lower in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Bridgewater is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.45% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with positive readings being more predictive of earnings beats [9][10]. - Bridgewater's current Zacks Rank is 4, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, Bridgewater exceeded the expected earnings of $0.29 per share by delivering $0.32, resulting in a surprise of +10.34% [13]. - The company has beaten consensus EPS estimates in each of the last four quarters [14]. Industry Comparison - HBT Financial, another player in the Zacks Banks - Northeast industry, is expected to report earnings of $0.6 per share, indicating a year-over-year change of +5.3% [18]. - HBT Financial's revenues are expected to be $58.85 million, up 3.9% from the previous year, with an Earnings ESP of +1.67% [19].