Bridgewater Bancshares, Inc. (BWB) vs Northrim BanCorp Inc (NRIM)

Bridgewater Bancshares, Inc. and Northrim BanCorp Inc are both Banks Regional companies. Bridgewater Bancshares, Inc. and Northrim BanCorp Inc are of similar size ($568.0M and $543.4M). Northrim BanCorp Inc trades at the lower P/E: 7.6× against 10.9×. Northrim BanCorp Inc grew revenue faster over the last twelve months: 18.6% against 13.2%. Northrim BanCorp Inc has the higher net margin (26.0% vs 17.1%) and the higher return on invested capital (22.7% vs 5.78%). Across the 18 metrics below, Northrim BanCorp Inc leads on 14 and Bridgewater Bancshares, Inc. on 4.

Valuation

Metric BWB NRIM Banks Regional median
P/E 10.89 7.60 11.98
P/S 1.87 1.99 2.34
P/B 1.19 1.51 1.19
Price to free cash flow 15.65 2.83 10.63
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 9.18% 13.16% 8.23%
Free cash flow yield 6.39% 35.35% 9.08%

Profitability

Metric BWB NRIM Banks Regional median
Gross margin 52.86% 84.21% 69.55%
Operating margin 0.00% 0.00% 0.00%
Net margin 17.05% 26.03% 18.66%
Free cash flow margin 11.95% 70.70% 21.11%
Return on equity 11.74% 21.49% 10.65%
Return on assets 0.98% 2.06% 1.13%
Return on invested capital 5.78% 22.73% 8.35%

Growth

Metric BWB NRIM Banks Regional median
Revenue growth (TTM) 13.15% 18.64% 6.98%
EPS growth (last fiscal year) 44.66% 73.41% 18.88%
Revenue growth, 5-year CAGR 19.40% 12.79% 12.38%
Net income growth, 5-year CAGR 9.10% 14.46% 9.71%

Health

Metric BWB NRIM Banks Regional median
Debt to equity 0.79 0.23 0.22
Current ratio 1.05 0.94 0.94
Net debt to EBITDA 0.00 0.00 0.00

Dividend

Metric BWB NRIM Banks Regional median
Dividend yield — 2.76% 2.57%
Payout ratio — 0.21 0.30

Size

Metric BWB NRIM Banks Regional median
Market cap 568.00m 543.44m 913.33m

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