ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Bridgewater Bancshares, Inc. (BWB) on Wednesday reported second-quarter earnings of $11.5 million.
The St. Louis Park, Minnesota-based bank said it had earnings of 38 cents per share. Earnings, adjusted for one-time gains and costs, were 37 cents per share.
The company posted revenue of $72.8 million in the period. Its revenue net of interest expense was $36.1 million, beating Street forecasts.
Bridgewater shares have increased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.13, a climb of 15% in the last 12 months.
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