secwatch.observer — SEC 8-K summary
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Issuer:     Bankwell Financial Group, Inc. (BWFG)
CIK:        0001505732
Form:       8-K
Filed at:   2022-01-26T23:59:59+00:00
Accession:  0001505732-22-000056
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bankwell posts record Q4 net income $7.8M ($0.99 EPS), ups dividend 11%
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- Net income $7.8M ($0.99 EPS) vs $0.3M ($0.04 EPS) in Q4 2020; full year $26.6M ($3.36 EPS) vs $5.9M ($0.75 EPS).
- Dividend increased 11% to $0.20/share, payable Feb 24, 2022 to holders of record Feb 14, 2022.
- Net interest margin improved to 3.43% from 2.66% a year ago; loans ex-PPP grew 19.1% YoY.
- Guidance: net interest income to grow 12-14% in 2022, assuming four rate hikes.
- Tangible book value per share rose to $26.19 from $22.43; ROAE 15.44% for Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505732/000150573222000056/0001505732-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505732/000150573222000056/bwfg-20220126.htm
  HTML page:      https://secwatch.observer/filing/0001505732-22-000056

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer