---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-21-000221"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2021-10-27T23:59:59+00:00"
generated_at: "2026-06-28T17:26:15.896844+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bankwell Q3 net income $6.9M record ($0.87 EPS); NIM 3.39%; issues $35M sub notes; ups buyback

## Summary
- Net income $6.9M, $0.87 diluted EPS vs $3.0M, $0.38 in Q3 2020; NIM improved to 3.39% from 2.67%.
- Loan originations $200M; net loan growth $92M excl. PPP; YTD annualized loan growth 19%.
- Tangible book value per share $25.25 vs $22.43 at Dec 2020; ROAE 14.09%, ROAA 1.22%.
- Subsequent: issued $35M 3.25% fixed-to-floating sub notes due 2031; repaid $15.5M existing subnotes.
- Board declared $0.18/share dividend payable Nov 22; authorized additional 200K shares for repurchase.

## SEC filing metadata
- accession: 0001505732-21-000221
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2021-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573221000221/0001505732-21-000221-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573221000221/bwfg-20211027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-21-000221
- JSON: https://secwatch.observer/filing/0001505732-21-000221.json
- Plain text: https://secwatch.observer/filing/0001505732-21-000221.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.