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Bridgewater Bancshares Inc (BWB)
NASDAQ:BWB
RESEARCH TOOLSreports
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.24Last Year’s EPS
0.28Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: 10.36%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with significant achievements in core deposit and loan growth, successful acquisition integration, and improved asset quality metrics. However, there were some challenges, including a modest decline in tangible book value and increased provisions for loan losses.Company Guidance
During the Bridgewater Bancshares 2024 Fourth Quarter Earnings Call, the company provided guidance highlighting several key metrics. They reported adjusted earnings of $0.27 per share, excluding merger-related expenses. Core deposit growth was strong, with balances increasing by $211 million, or 31% annualized, excluding acquisitions. Loan growth also rebounded, increasing by 7% annualized in the fourth quarter, with a strategic focus on aligning core deposit and loan growth. The acquisition of First Minnetonka City Bank boosted liquidity, reducing the loan-to-deposit ratio to 95%. The net interest margin expanded by eight basis points, contributing to nearly 9% total revenue growth for the quarter. Asset quality remained robust, with non-performing assets at one basis point and net charge-offs at three basis points. For 2025, Bridgewater aims for mid- to high single-digit loan growth, continued market share gains, and modest net interest margin expansion, with capital ratios remaining strong post-acquisition.Strong Balance Sheet and Net Interest Margin Expansion
Robust balance sheet growth and a return to net interest margin expansion with an increase of 8 basis points in the fourth quarter.
Successful Acquisition of First Minnetonka City Bank
The acquisition was completed smoothly in mid-December, contributing significantly to liquidity and positioning the bank for future growth.
Core Deposit and Loan Growth
Core deposit growth increased by $211 million, or 31% annualized, and loan growth increased by 7% annualized, excluding the acquisition.
Improved Asset Quality
Asset quality metrics improved with net charge-offs and non-performing assets decreasing after a property sale.
Positive Revenue Growth
Total revenue grew nearly 9% in the fourth quarter, driven by margin expansion and increased net interest income.
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BWB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BWB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $13.70 | $14.22 | +3.80% |
| Oct 23, 2024 | $15.19 | $14.92 | -1.78% |
| Jul 24, 2024 | $13.79 | $14.48 | +5.00% |
| Apr 24, 2024 | $12.09 | $11.80 | -2.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bridgewater Bancshares Inc (BWB) report earnings?
Bridgewater Bancshares Inc (BWB) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Bridgewater Bancshares Inc (BWB) earnings time?
Bridgewater Bancshares Inc (BWB) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWB EPS forecast?
BWB EPS forecast for the fiscal quarter 2024 (Q4) is 0.24.
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