BWFG
Bankwell Financial Group, Inc.49.71
+0.10+0.2%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
391.59MP/E (TTM)
13.58Basic EPS (TTM)
3.66Dividend Yield
0.02%Recent Filings
10-Q
Q3 FY2025 results
Bankwell Financial Group swung to profitability in Q3 2025, posting net income of $10.1M ($1.27 diluted EPS), up sharply from $1.9M ($0.24) a year earlier, while nine-month net income hit $26.1M ($3.29 EPS) versus $6.8M ($0.86). Net interest income climbed 25% y/y to $26.0M on higher loan yields (6.71% from 6.40%), though q/q it edged down slightly amid stable $2.7B loans; provision for credit losses flipped to a $0.4M credit from $6.3M expense, reflecting lower nonaccruals at 0.62% of loans. Deposits dipped 1.1% q/q to $2.8B, with $295M cash equivalents and $312M FHLB availability bolstering liquidity, while $75M FHLB advances and $70M subordinated debentures (fixed-to-floating, maturing 2031-2032) supported funding. Non-GAAP metrics not disclosed in the 10-Q. Yet regulatory scrutiny on commercial real estate concentrations lingers.
8-K
Q3 earnings surge, dividend steady
Bankwell Financial Group reported Q3 2025 GAAP net income of $10.1 million, or $1.27 per diluted share, up from $9.1 million last quarter, fueled by a 21.5% jump in pre-tax, pre-provision net revenue to $13.9 million and net interest margin expansion to 3.34%. Nonperforming assets dropped 28% to 0.56% of total assets on $5 million SBA collections and a $1.6 million loan sale, while SBA gains hit $1.4 million. The board declared a $0.20 per share dividend, payable November 21. Credit trends strengthened, yet CRE concentration lingers at 344%. Momentum builds.
10-Q
Q2 FY2025 results
Bankwell Financial Group swung to profitability in Q2 2025, posting net income of $9.1 million, up sharply from $1.1 million a year earlier, thanks to a $411 thousand credit to loan loss provisions after hefty prior-year charges. Net interest income climbed 12.8% year-over-year to $23.9 million, fueled by higher loan yields, while noninterest income surged on $1.1 million in loan sale gains. Loans dipped 1.4% to $2.7 billion, with nonaccrual levels halving to $23.9 million; deposits held steady at $2.8 billion. Cash swelled to $322 million, FHLB advances fell to $75 million, and subordinated debt stood at $70 million. Equity rose to $283 million. Yet competition in Connecticut's commercial real estate market remains fierce.
8-K
Q2 earnings surge, dividend steady
Bankwell Financial Group reported Q2 2025 net income of $9.1 million, or $1.15 per diluted share, up from $6.9 million last quarter, fueled by net interest margin expansion to 3.10% on lower deposit costs. Loan growth hit $24 million amid robust SBA originations yielding $1.1 million in gains, while nonperforming assets dipped to 0.78% of total assets. The board declared a $0.20 per share dividend, payable August 22. Momentum builds.
8-K
Annual meeting outcomes
Bankwell Financial Group held its annual shareholder meeting on May 21, 2025, where all nine director nominees secured election with strong support, ranging from 83.71% to 99.45% of votes cast. Shareholders overwhelmingly ratified RSM US LLP as auditors for 2025 at 98.49% approval, while endorsing executive compensation on an advisory basis at 87.65%. Votes reflect solid governance alignment. No major dissent emerged.
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