ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Bridgewater Bancshares, Inc. (BWB) on Wednesday reported fourth-quarter earnings of $8.9 million.

The bank, based in St. Louis Park, Minnesota, said it had earnings of 28 cents per share.

The company posted revenue of $60 million in the period. Its revenue net of interest expense was $26.7 million, matching Street forecasts.

For the year, the company reported profit of $40 million, or $1.27 per share. Revenue was reported as $111.7 million.

Bridgewater shares have increased almost 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.74, a drop of 19% in the last 12 months.

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