Yahoo Finance Bridgewater Bancshares First Quarter 2024 Earnings: Misses Expectations
Bridgewater Bancshares (NASDAQ:BWB) First Quarter 2024 Results
Key Financial Results
Revenue: US$25.4m (down 15% from 1Q 2023).
Net income: US$6.82m (down 36% from 1Q 2023).
Profit margin: 27% (down from 36% in 1Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.25 (down from US$0.38 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bridgewater Bancshares Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 2.7%.
Looking ahead, revenue is forecast to grow 6.5% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 4.1% from a week ago.
Risk Analysis
Be aware that Bridgewater Bancshares is showing 1 warning sign in our investment analysis that you should know about...
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