Which has the lower trailing P/E, BWB or FBIZ?

FBIZ has the lower trailing P/E: BWB trades at 11.10 and FBIZ at 10.65. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, BWB or FBIZ?

Over the past five years, FBIZ grew revenue faster — BWB at a 15.26% CAGR versus FBIZ at 18.40%.

Does BWB or FBIZ pay a bigger dividend?

FBIZ pays a dividend (1.85% yield), while BWB has no payments in the available dividend history.

Is BWB or FBIZ more profitable?

BWB runs the higher net margin — BWB at 22.07% versus FBIZ at 19.28%.

How have BWB and FBIZ total returns compared?

Over the past 5 years, BWB delivered 2.57% and FBIZ delivered 22.36% annualized total return. Past performance doesn't predict future results.

Bridgewater Bancshares, Inc. (BWB) vs First Business Financial Services, Inc. (FBIZ)

A side-by-side comparison of Bridgewater Bancshares, Inc. and First Business Financial Services, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.

BWB

Bridgewater Bancshares, Inc.

$570M

$20.43Financial ServicesDelayed quote: Oct 5, 2026, 4:00 PM EDT

FBIZ

First Business Financial Services, Inc.

$591M

$70.64Financial ServicesDelayed quote: Oct 5, 2026, 4:00 PM EDT

Total return — BWB vs FBIZ

growth of $100 · dividends reinvested · last 9y

BWB +61.9% (+5.5%/yr)FBIZ +254.2% (+15.1%/yr)FBIZ compounded faster over this window

BWB FBIZ

BWB vs FBIZ: by the numbers

•FBIZ is the larger company ($591M vs $570M market cap).
•FBIZ trades at the lower trailing earnings multiple (10.65 vs 11.10 P/E), one valuation lens rather than an overall verdict.
•BWB converts more revenue to profit (22.07% vs 19.28% net margin).
•FBIZ grew revenue faster over the past five years (18.40% vs 15.26% CAGR).
•FBIZ pays a dividend (1.85% yield), while BWB has no payments in the available dividend history.

Metrics side by side

Valuation

Metric	BWB	FBIZ
P/E ratio	11.10	10.65
Forward P/E	11.12	10.80
PEG ratio	1.11	0.42
P/S ratio	2.23	2.05
P/B ratio	1.18	1.54

Profitability

Metric	BWB	FBIZ
Operating margin	13.20%	22.51%
Net margin	22.07%	19.28%
ROE	10.28%	14.04%

Bridgewater Bancshares, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

First Business Financial Services, Inc.: Gross margin is not shown for a lender or insurer: its revenue is interest, premiums and fees rather than the sale of goods, so there is no cost of goods sold to measure it against.

Dividends

Metric	BWB	FBIZ
Dividend yield	N/A	1.85%
Payout ratio	N/A	19.76%

Growth (annualized)

Metric	BWB	FBIZ
Revenue CAGR (5Y)	15.26%	18.40%
EPS CAGR (5Y)	10.00%	25.20%
Total return CAGR (5Y)	2.57%	22.36%

Frequently asked

Which has the lower trailing P/E, BWB or FBIZ?: FBIZ has the lower trailing P/E: BWB trades at 11.10 and FBIZ at 10.65. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, BWB or FBIZ?: Over the past five years, FBIZ grew revenue faster — BWB at a 15.26% CAGR versus FBIZ at 18.40%.
Does BWB or FBIZ pay a bigger dividend?: FBIZ pays a dividend (1.85% yield), while BWB has no payments in the available dividend history.
Is BWB or FBIZ more profitable?: BWB runs the higher net margin — BWB at 22.07% versus FBIZ at 19.28%.
How have BWB and FBIZ total returns compared?: Over the past 5 years, BWB delivered 2.57% and FBIZ delivered 22.36% annualized total return. Past performance doesn't predict future results.

Go deeper

Full BWB analysis Full FBIZ analysis Interactive comparison tool

Dig into the metrics

Bridgewater Bancshares P/E ratio First Business Financial Services P/E ratio First Business Financial Services dividend yield Bridgewater Bancshares ROE First Business Financial Services ROE Bridgewater Bancshares operating margin First Business Financial Services operating margin Bridgewater Bancshares revenue growth First Business Financial Services revenue growth

Bridgewater Bancshares & First Business Financial Services appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks Lowest P/E Ratio Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.