Bridgewater Bancshares vs Choiceone Financial Services
Choiceone Financial Services is the larger business, with $228m of revenue in fiscal 2025 against $143m for Bridgewater Bancshares (1.6 times as much). Choiceone Financial Services grew faster (63.6% against 30.8%). Bridgewater Bancshares kept more of each dollar of sales as profit: a net margin of 32.1% against 12.4%.
| Latest fiscal year | Bridgewater BancsharesBWB, 2025 | Choiceone Financial ServicesCOFS, 2025 |
|---|---|---|
| Revenue | $143m | $228m |
| Revenue growth | 30.8% | 63.6% |
| Net income | $46.1m | $28.2m |
| Operating margin | — | — |
| Net margin | 32.1% | 12.4% |
| Return on equity | 9.5% | 7.8% |
| Free cash flow | $22.0m | $25.2m |
| Cash | $124m | $88.0m |
| Total debt | $0 | $0 |
| Debt to equity | — | — |
| Dividend per share | — | $1.13 |
| Dividend yield | — | 3.2% |
| Share buybacks | $2.2m | $2.7m |
| Employees | 322 | 598 |
| Market value | $569m | $540m |
| Price vs our value range | — | — |
| Moat score | 79 (Strong) | 53 (Moderate) |
| Insider trades, 12 months | 1 buys, 43 sales | 8 buys, 1 sales |