NASDAQ$BWB
Bridgewater Bancshares Inc · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
Bridgewater Bank reported net income decline due to FHLB prepayment fees.
Bridgewater Bancshares, Inc. reported net income of $5.0 million, or $0.17 per diluted common share, for the fourth quarter of 2020. The net income decline in the fourth quarter of 2020 was primarily attributable to FHLB prepayment fees of $5.6 million.
- The fourth quarter results included $5.6 million of prepayment fees related to the early extinguishment of $69.0 million of FHLB term advances, which had a weighted average rate of 2.85%.
- Net income for the fourth quarter of 2020 totaled $9.3 million, or $0.32 per diluted common share, when excluding the FHLB prepayment fees and tax-adjusting at an effective rate of 23.8%.
- Annualized pre-provision net revenue return on average assets (PPNR ROA), a non-GAAP financial measure, was 2.30% for the fourth quarter of 2020, compared to 1.94% for the third quarter of 2020.
- The adjusted efficiency ratio, a non-GAAP financial measure which excludes the impact of certain non-routine income and expenses from noninterest expense, was 36.6% for the fourth quarter of 2020, compared to 41.7% for the third quarter of 2020.
Headline financials
Revenue & EPS history
Bridgewater Bank · Revenue · Quarterly
$25.8M
Revenue by segment
Bridgewater Bank · $3.57B total across 4 segments · Q4 2022
- Real Estate Mortgage Loans$2.76B—77.3%
- Commercial Loans$435M—12.2%
- Construction and Land Development$366M—10.3%
- Consumer and Other Loans$8.13M—0.2%
Forward guidance
The Company intends to participate in originating additional PPP loans under the Economic Aid Act through the new application deadline of March 31, 2021.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2020
+1.1%
Avg return
Earnings day
+0.9%
Avg return
5 days after
+1.2%
Avg return
30 days after
63%
24 / 38 earnings
Positive
+9.3%
Q1 2021
Best reaction
-4.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -0.2% | +0.5% | |
| Q4 2025 | +2.0% | +6.3% | -1.0% | |
| Q3 2025 | -3.3% | -2.2% | -2.9% | |
| Q2 2025 | -1.3% | -0.4% | +4.3% | |
| Q1 2025 | +2.3% | +12.9% | +8.8% | |
| Q4 2024 | +4.1% | +0.9% | +6.1% | |
| Q3 2024 | -0.9% | -0.7% | +0.0% | |
| Q2 2024 | +3.2% | -0.8% | -2.0% | |
| Q1 2024 | -1.6% | -1.8% | -2.5% | |
| Q4 2023 | +2.2% | -0.9% | -11.7% | |
| Q3 2023 | +6.0% | +5.5% | +16.3% | |
| Q2 2023 | -1.1% | -1.3% | -6.5% | |
| Q1 2023 | +2.1% | +0.0% | -5.3% | |
| Q4 2022 | -3.8% | -10.8% | -15.0% | |
| Q3 2022 | +5.1% | +7.2% | +8.1% | |
| Q2 2022 | +2.0% | +0.2% | +1.7% | |
| Q1 2022 | -0.8% | -0.8% | +0.6% | |
| Q4 2021 | +2.2% | -0.6% | -1.9% | |
| Q3 2021 | +2.3% | +5.3% | +0.5% | |
| Q2 2021 | -0.6% | -1.1% | +2.4% | |
| Q1 2021 | +9.3% | +5.8% | +12.2% | |
| Q4 2020 | -0.8% | +2.1% | +8.5% | |
| Q3 2020 | -1.9% | -1.1% | +6.0% | |
| Q2 2020 | -1.1% | -0.3% | +6.1% | |
| Q1 2020 | -4.5% | -9.1% | -0.5% | |
| Q4 2019 | +1.3% | +1.4% | +4.0% | |
| Q3 2019 | -0.2% | +1.7% | +3.7% | |
| Q2 2019 | +2.2% | +2.2% | -4.2% | |
| Q1 2019 | +0.5% | +1.1% | +4.1% | |
| Q4 2016 | +2.5% | +0.6% | -6.2% | |
| Q4 2018 | +6.7% | +6.1% | +8.7% | |
| Q3 2017 | +2.7% | +2.7% | +0.6% | |
| Q3 2018 | +2.7% | +2.7% | +0.6% | |
| Q2 2017 | -0.2% | -1.0% | +5.5% | |
| Q2 2018 | +1.8% | +0.2% | +0.3% | |
| Q1 2017 | +0.2% | +0.2% | -1.6% | |
| Q1 2018 | +0.2% | +0.2% | -1.6% | |
| Q4 2017 | +0.2% | +1.4% | -0.5% |
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