Demonstrações financeiras detalhadas de Bridgewater Bancshares, Inc. (BWB): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Bridgewater Bancshares, Inc. registou receitas de $291.6M no último exercício, com um CAGR de 5 anos de 19.3%. O lucro líquido atingiu $46.1M, com CAGR de 5 anos de 11.1%.
Margens dos últimos 12 meses: margem bruta 42.3%, margem operacional 13.2%, margem líquida 22.1%.
Ao preço atual de $20.87, BWB negocia a um P/L de 10.98 e um ROE de 10.78%. A capitalização de mercado é de $582M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $53.2M | $68.9M | $87.8M | $107.6M | $120.7M | $134.2M | $169.3M | $226.9M | $251.4M | $291.6M |
| Custo da Receita | $11.8M | $16.3M | $24.1M | $32.3M | $39.6M | $24.5M | $41.7M | $117.0M | $147.2M | $154.0M |
| Lucro Bruto | $41.4M | $52.5M | $63.7M | $75.3M | $81.1M | $109.7M | $127.6M | $109.9M | $104.2M | $137.6M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $12.1M | $14.1M | $22.3M | $26.0M | $27.1M | $33.7M | $40.3M | $41.4M | $44.0M | $51.5M |
| Despesas Operacionais | $20.2M | $25.5M | $31.6M | $36.9M | $45.4M | $48.1M | $55.9M | $57.4M | $61.5M | $76.1M |
| Lucro Operacional | $21.3M | $27.0M | $32.1M | $38.3M | $35.7M | $61.6M | $71.7M | $52.5M | $42.7M | $61.5M |
| EBITDA | $22.0M | $27.9M | $33.1M | $39.5M | $37.1M | $64.1M | $75.0M | $55.7M | $45.7M | $64.7M |
| Despesas com Juros | $8.5M | $12.2M | $20.5M | $29.6M | $26.9M | $19.4M | $34.0M | $117.2M | $143.7M | $149.4M |
| Lucro Antes de Impostos | $21.3M | $27.0M | $32.1M | $38.3M | $35.7M | $61.6M | $71.7M | $52.5M | $42.7M | $60.0M |
| Imposto | $8.1M | $10.1M | $5.2M | $6.9M | $8.5M | $15.9M | $18.3M | $12.6M | $9.9M | $13.9M |
| Lucro Líquido | $13.2M | $16.9M | $26.9M | $31.4M | $27.2M | $45.7M | $53.4M | $40.0M | $32.8M | $46.1M |
| LPA | $0.44 | $0.58 | $0.93 | $1.07 | $0.95 | $1.59 | $1.78 | $1.29 | $1.05 | $1.53 |
| LPA Diluído | $0.44 | $0.58 | $0.91 | $1.05 | $0.93 | $1.54 | $1.72 | $1.27 | $1.03 | $1.50 |
| Ações em Circulação (Diluídas) | $30.1M | $29.1M | $29.4M | $30.0M | $29.2M | $29.0M | $28.7M | $28.3M | $27.9M | $28.7M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $75.4M | $76.5M | $79.4M | $24.1M |
| Lucro Bruto | $34.7M | $38.8M | $44.8M | -$10.4M |
| Lucro Operacional | $15.1M | $18.6M | $22.8M | -$22.8M |
| EBITDA | $16.1M | $18.8M | $23.8M | -$23.8M |
| Lucro Líquido | $11.6M | $13.3M | $17.4M | $14.0M |
| LPA | $0.39 | $0.45 | $0.59 | $0.47 |
| LPA Diluído | $0.38 | $0.43 | $0.58 | $0.45 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $21.2M | $26.8M | $31.7M | $34.6M | $163.5M | $145.3M | $88.2M | $128.6M | $234.1M | $123.5M |
| Investimentos de Curto Prazo | $217.1M | $229.5M | $253.4M | $289.9M | $390.6M | $439.4M | $548.6M | $604.1M | $385.7M | $326.2M |
| Contas a Receber | $4.0M | $5.3M | $6.6M | $6.8M | $9.2M | $9.2M | $13.5M | $16.7M | $62.0M | $18.9M |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $242.2M | $261.6M | $291.7M | $331.2M | $563.3M | $593.9M | $650.3M | $749.4M | $681.8M | $468.6M |
| Imobilizado | $9.6M | $10.1M | $13.1M | $27.6M | $51.0M | $49.4M | $48.4M | $48.9M | $49.5M | $51.6M |
| Ágio | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | $2.6M | $12.0M | $12.0M |
| Ativos Intangíveis | $1.4M | $1.2M | $1.1M | $861000 | $670000 | $479000 | $288000 | $188000 | $7.8M | $6.9M |
| Ativos Totais | $1.26B | $1.62B | $1.97B | $2.27B | $2.93B | $3.48B | $4.35B | $4.61B | $5.07B | $5.41B |
| Contas a Pagar | $612000 | $1.4M | $1.8M | $2.0M | $1.6M | $1.4M | $2.8M | $5.3M | $4.0M | $3.2M |
| Dívida de Curto Prazo | $44.0M | $23.0M | $18.0M | 0 | 0 | 0 | $287.0M | 0 | 0 | 0 |
| Passivos Circulantes | $1.07B | $1.36B | $1.58B | $1.83B | $2.50B | $2.95B | $3.71B | $3.72B | $4.09B | $4.32B |
| Dívida de Longo Prazo | $72.0M | $109.5M | $163.6M | $174.2M | $142.2M | $134.7M | $189.7M | $412.5M | $452.9M | $508.2M |
| Passivos Totais | $1.15B | $1.48B | $1.75B | $2.02B | $2.66B | $3.10B | $3.95B | $4.19B | $4.61B | $4.89B |
| Reservas | $52.6M | $69.5M | $96.2M | $127.6M | $154.8M | $199.3M | $248.7M | $280.6M | $309.4M | $351.5M |
| Patrimônio Líquido | $115.4M | $137.2M | $221.0M | $244.8M | $265.4M | $379.3M | $394.1M | $425.5M | $457.9M | $517.1M |
| Dívida Total | $116.0M | $132.5M | $181.6M | $174.2M | $142.2M | $134.7M | $476.7M | $412.5M | $452.9M | $508.2M |
| Dívida Líquida | -$122.3M | -$123.8M | -$103.5M | -$150.2M | -$411.9M | -$450.0M | -$160.2M | -$320.1M | -$166.9M | $58.5M |
| Capital de Giro | -$825.9M | -$1.10B | -$1.29B | -$1.49B | -$1.94B | -$2.35B | -$3.06B | -$2.97B | -$3.41B | -$3.85B |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $135.5M | $123.5M | $222.2M | $169.8M |
| Ativos Totais | $5.36B | $5.41B | $5.34B | $5.39B |
| Passivos Totais | $4.86B | $4.89B | $4.81B | $4.84B |
| Patrimônio Líquido | $497.5M | $517.1M | $528.4M | $547.9M |
| Dívida Total | $513.1M | $508.2M | $444.8M | $434.9M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $13.2M | $16.9M | $26.9M | $31.4M | $27.2M | $45.7M | $53.4M | $40.0M | $32.8M | $46.1M |
| Depreciação e Amortização | $690000 | $885000 | $952000 | $1.2M | $1.4M | $2.6M | $3.3M | $3.1M | $3.0M | $3.9M |
| Compensação em Ações | $222000 | $368000 | $799000 | $752000 | $1.7M | $2.4M | $3.3M | $4.0M | $3.9M | $4.2M |
| Variação Capital de Giro | -$2.6M | $1.9M | -$5.0M | $2.2M | -$18.8M | -$118000 | $17.3M | -$17.0M | $5.8M | -$23.2M |
| Fluxo de Caixa Operacional | $14.9M | $24.9M | $29.4M | $39.5M | $23.0M | $54.2M | $85.0M | $30.0M | $46.4M | $27.8M |
| CapEx | -$2.2M | -$1.2M | -$3.7M | -$15.6M | -$24.7M | -$777000 | -$1.6M | -$3.0M | -$4.1M | -$5.8M |
| Aquisições | $24.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $17.3M | 0 |
| Recompra de Ações | -$192000 | 0 | 0 | -$15.0M | -$10.4M | -$2.7M | -$11.5M | -$5.1M | -$5.9M | -$2.2M |
| Dividendos Pagos | 0 | 0 | 0 | 0 | 0 | -$1.2M | -$4.1M | -$4.1M | -$4.1M | -$4.1M |
| Fluxo de Caixa Livre | $12.7M | $23.7M | $25.7M | $24.0M | -$1.7M | $53.5M | $83.4M | $27.0M | $42.3M | $22.0M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $9.4M | $7.0M | $16.0M | $10.0M |
| CapEx | -$1.6M | -$2.5M | -$1.8M | $1.8M |
| Fluxo de Caixa Livre | $7.8M | $4.4M | $14.2M | $11.8M |
| Dividendos Pagos | -$1.0M | -$1.0M | -$1.0M | -$1.0M |
| Compensação em Ações | $1.1M | $1.1M | $1.3M | $1.2M |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +29.5% | +27.4% | +22.6% | +12.1% | +11.2% | +26.2% | +34.0% | +10.8% | +16.0% |
| Crescimento Lucro Líquido (anual) | | +27.8% | +59.4% | +16.7% | -13.4% | +68.0% | +16.9% | -25.2% | -17.9% | +40.4% |
| Crescimento LPA (anual) | | +31.8% | +60.3% | +15.1% | -11.2% | +67.4% | +11.9% | -27.5% | -18.6% | +45.7% |
| Variação de Ações (anual) | | -3.3% | +1.3% | +1.9% | -2.8% | -0.7% | -1.0% | -1.2% | -1.3% | +2.5% |
| Crescimento FCF (anual) | | +85.8% | +8.5% | -6.7% | -107.0% | +3303.1% | +55.9% | -67.6% | +56.4% | -48.1% |
| Margem Bruta | 77.9% | 76.3% | 72.6% | 69.9% | 67.2% | 81.7% | 75.4% | 48.4% | 41.4% | 47.2% |
| Margem Operacional | 40.0% | 39.3% | 36.6% | 35.6% | 29.6% | 45.9% | 42.3% | 23.1% | 17.0% | 21.1% |
| Margem EBITDA | 41.3% | 40.5% | 37.7% | 36.7% | 30.7% | 47.8% | 44.3% | 24.5% | 18.2% | 22.2% |
| Margem Líquida | 24.8% | 24.5% | 30.7% | 29.2% | 22.5% | 34.0% | 31.5% | 17.6% | 13.1% | 15.8% |
| Margem FCF | 23.9% | 34.4% | 29.3% | 22.3% | -1.4% | 39.8% | 49.2% | 11.9% | 16.8% | 7.5% |
| Taxa Efetiva de Imposto | 37.9% | 37.5% | 16.3% | 18.1% | 23.8% | 25.8% | 25.5% | 23.9% | 23.2% | 23.2% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.42 | $0.81 | $0.87 | $0.80 | $-0.06 | $1.85 | $2.91 | $0.96 | $1.51 | $0.77 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.14 | $0.14 | $0.15 | $0.14 |
| Ações em Circulação (Básicas) | $30.1M | $29.1M | $29.0M | $29.4M | $28.6M | $28.0M | $27.8M | $27.8M | $27.5M | $27.4M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 10.78% |
| Retorno sobre capital investido | 2.47% |
| Retorno sobre ativos | 1.05% |
| Margem bruta | 42.30% |
| Margem operacional | 13.20% |
| Margem líquida | 22.07% |
Saúde financeira
| Dívida / Patrimônio | 0.79 |
| Liquidez corrente | 0.18 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 28.68 | 21.76 | 11.34 | 12.88 | 13.15 | 11.13 | 9.97 | 10.48 | 12.87 | 11.46 |
| P/VP | 3.29 | 2.67 | 1.38 | 1.65 | 1.35 | 1.31 | 1.25 | 0.88 | 0.81 | 0.93 |
| P/V | 7.13 | 5.32 | 3.49 | 3.76 | 2.96 | 3.69 | 2.91 | 1.66 | 1.48 | 1.65 |
| Margem Bruta | 77.9% | 76.3% | 72.6% | 69.9% | 67.2% | 81.7% | 75.4% | 48.4% | 41.4% | 47.2% |
| Margem Operacional | 40.0% | 39.3% | 36.6% | 35.6% | 29.6% | 45.9% | 42.3% | 23.1% | 17.0% | 21.1% |
| Margem Líquida | 24.8% | 24.5% | 30.7% | 29.2% | 22.5% | 34.0% | 31.5% | 17.6% | 13.1% | 15.8% |