ST. LOUIS PARK, Minn. (AP) — ST. LOUIS PARK, Minn. (AP) — Bridgewater Bancshares, Inc. (BWB) on Wednesday reported third-quarter earnings of $9.6 million.

The bank, based in St. Louis Park, Minnesota, said it had earnings of 30 cents per share.

The company posted revenue of $58.5 million in the period. Its revenue net of interest expense was $27.1 million, beating Street forecasts.

Bridgewater shares have declined 49% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $9.02, a drop of 49% in the last 12 months.

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