Bridgewater Bancshares Posts Q3 Net Income of $15 Million, Tops Analyst Estimates

Bridgewater Bancshares Inc. (BWB) reported third-quarter net income of $15 million, or 49 cents per share, surpassing the 47-cent average estimate from three analysts surveyed by Zacks Investment Research. The St. Louis Park, Minnesota-based bank posted revenue of $79.2 million for the period. Revenue net of interest expense came in at $44.3 million, also beating the $43.1 million analysts expected. Bridgewater shares have risen 18% since the start of the year. The stock closed at $20.61 on Tuesday, up 19% over the past 12 months.