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BWB — Bridgewater Bancshares News Story

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Brief: Bridgewater Bancshares Q2 EPS USD 0.38

Overview

Bridgewater Q2 adjusted EPS beats analyst expectations, per LSEG data

Net income rises to $11.5 mln, driven by higher net interest income

Co completes $80 mln private placement, repurchases 122,704 shares

Outlook

Company anticipates continued tangible book value growth

Result Drivers

NET INTEREST INCOME - Increase driven by increased loan interest and fee income

NONINTEREST INCOME - Record level achieved due to gains on securities sales and fee income

LOAN GROWTH - Strong loan originations exceeded payoffs and paydowns

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Adjusted EPSBeat$0.37$0.34 (3 Analysts)
Q2 EPS$0.38
Q2 Net Income$11.50 mln
Q2 Net Interest Income$32.50 mln
Q2 Loan Loss Provision$2 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy" Wall Street's median 12-month price target for Bridgewater Bancshares Inc is $18.00, about 10.7% above its July 22 closing price of $16.07 The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nBwbMzpWCa (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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