10-K · March 4, 2026
Bankwell reported multi-quarter improvement in core profitability and balance-sheet growth in 2025, driven by higher loan balances and margin expansion. Total assets rose to approximately $3.4 billion with net loans…
Earnings analysis · 10-Q
BWFG earnings analysis
Filed May 6, 2026 · Our reading of the company's report
The latest report
Bankwell Financial Group, Inc. demonstrated strong financial results in Q1 2026, with revenues rising to $30.2 million, an increase of 27.9% year-over-year from $23.6 million. Diluted EPS surged to $1.41, a notable rise…
Read full summary
Bankwell Financial Group, Inc. demonstrated strong financial results in Q1 2026, with revenues rising to $30.2 million, an increase of 27.9% year-over-year from $23.6 million. Diluted EPS surged to $1.41, a notable rise from $0.87 in the prior year, reflecting significant improvements in interest income and reductions in interest expense.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.41
What stood out
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Robust Revenue Growth
Q1 2026 revenue reached $30.2M, up 27.9% from $23.6M in Q1 2025.
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Significant EPS Improvement
Diluted EPS for Q1 2026 was $1.41, compared to $0.87 in Q1 2025, marking a 62.1% increase.
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Net Interest Income Surge
Net interest income improved to $27.0M, up from $22.2M year-over-year.
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Noninterest Income Doubles
Total noninterest income increased by 122.1% to $3.3M from $1.5M in Q1 2025.
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Lower Interest Expense
Interest expense decreased by $2.8 million, contributing to higher margins.
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Strong Return on Equity
ROE climbed to 14.88%, up from 10.16% in Q1 2025.
What to watch
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Increasing Nonperforming Loans
Nonaccrual loans rose to $19.0M from $16.3M, increasing nonperforming assets to 0.56% of total assets.
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Potential Regulatory Risks
Ongoing compliance with capital adequacy requirements remains necessary to avoid regulatory penalties.
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Credit Loss Allowance
The ACL-Loans ratio decreased to 1.03% from 1.08%, signifying a potential risk if loan quality deteriorates.
Management's outlook
Management highlighted strategies for continued growth but did not provide specific numeric guidance.
Earlier filings 4
10-Q · November 6, 2024
Bankwell reported Q3 revenue of $21,873,000 and diluted EPS of $0.24. Revenue declined versus the prior-year quarter (Q3 2023 revenue $23,477,000) and net income fell to $1,926,000 from $9,777,000, driven by a higher…
10-K · March 12, 2024
Bankwell reports strong balance-sheet growth: total assets increased to approximately $3.2 billion with net loans of approximately $2.7 billion and total deposits of approximately $2.7 billion as of December 31, 2023.…
10-Q · May 10, 2023
Q1 2023 results showed strong top-line and earnings expansion driven by higher interest income from loans and loan growth. Total revenue (net interest income plus noninterest income) was $27,067,000 and diluted EPS was…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.