ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Bridgewater Bancshares, Inc. (BWB) on Tuesday reported fourth-quarter profit of $13.3 million.
The bank, based in St. Louis Park, Minnesota, said it had earnings of 43 cents per share. Earnings, adjusted for one-time items, came to 44 cents per share.
The company posted revenue of $76.5 million in the period. Its revenue net of interest expense was $38.8 million, topping Street forecasts.
For the year, the company reported profit of $46.1 million, or $1.49 per share. Revenue was reported as $143.4 million.
Bridgewater shares have climbed slightly more than 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.46, an increase of 32% in the last 12 months.
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