Bridgewater Bancshares, Inc. (BWB) vs Civista Bancshares, Inc. (CIVB)

Bridgewater Bancshares, Inc. and Civista Bancshares, Inc. are both Banks Regional companies. Bridgewater Bancshares, Inc. and Civista Bancshares, Inc. are of similar size ($576.6M and $568.8M). Civista Bancshares, Inc. trades at the lower P/E: 10.0× against 11.0×. Bridgewater Bancshares, Inc. grew revenue faster over the last twelve months: 13.2% against 4.71%. Civista Bancshares, Inc. has the higher net margin (20.7% vs 17.1%) and the lower return on invested capital (5.57% vs 5.78%). Across the 19 metrics below, Civista Bancshares, Inc. leads on 10 and Bridgewater Bancshares, Inc. on 9.

Valuation

Metric BWB CIVB Banks Regional median
P/E 10.99 10.02 12.15
P/S 1.89 2.14 2.37
P/B 1.20 0.99 1.21
Price to free cash flow 15.79 9.81 10.80
EV/EBITDA n/m n/m —
EV/Sales 2.69 2.79 2.27
Earnings yield 9.10% 9.98% 8.11%
Free cash flow yield 6.33% 10.20% 8.98%

Profitability

Metric BWB CIVB Banks Regional median
Gross margin 52.86% 70.94% 69.57%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.05% 20.73% 18.66%
Free cash flow margin 11.95% 21.86% 21.18%
Return on equity 11.74% 11.16% 10.64%
Return on assets 0.98% 1.28% 1.13%
Return on invested capital 5.78% 5.57% 8.33%

Growth

Metric BWB CIVB Banks Regional median
Revenue growth (TTM) 13.15% 4.71% 6.61%
EPS growth (last fiscal year) 44.66% 31.34% —
Revenue growth, 5-year CAGR 19.40% 14.77% 12.30%
Net income growth, 5-year CAGR 9.10% 7.49% 9.71%

Health

Metric BWB CIVB Banks Regional median
Debt to equity 0.79 0.41 0.22
Current ratio 1.05 0.95 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BWB CIVB Banks Regional median
Dividend yield — 3.99% 3.75%
Payout ratio 0.00 0.19 0.27

Size

Metric BWB CIVB Banks Regional median
Market cap 576.64m 568.81m 921.07m

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