About Bankwell Financial Group, Inc.
Financial Highlights
GAAP net income was $9.1 million, or $1.15 per diluted share for the quarter (down from the prior quarter), reflecting a $1.5 million one-time state income tax adjustment. Operating basis earnings were $10.7 million, or $1.36 per share. Return on average assets was 1.11% (1.29% operating). Return on average tangible shareholders’ equity was 12.31% (14.32% operating).
Dividend
The Board declared a $0.20 per share cash dividend, payable February 20, 2026 to shareholders of record on February 10, 2026.
Business Trends & Outlook
Loan growth remained solid with a 5.0% year-over-year increase. Net interest margin expanded due to lower deposit costs and improved mix. The company provided guidance for 2026 including expected loan growth of 4% to 5%, net interest income of $111 million to $112 million, and higher non-interest income.
Bottom Line
Overall, Bankwell reported a stable quarter with continued profitability, improving asset quality, and a shareholder dividend, while outlining moderate growth expectations for 2026.