---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-22-000117"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2022-04-27T23:59:59+00:00"
generated_at: "2026-06-26T04:04:26.855939+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bankwell posts record Q1 net income of $8.2M, EPS $1.04; declares $0.20 dividend

## Summary
- Net income $8.2M ($1.04 diluted EPS) vs $5.7M ($0.71) in Q1 2021, a record quarter.
- Revenue (NII + noninterest income) $20.5M, up from $16.6M YoY; NIM expanded to 3.30% from 2.74%.
- Loan growth of $90.4M (4.8%) to $2.0B; deposits grew to $2.2B; noninterest-bearing deposits 19.1%.
- Tangible book value per share rose to $26.75 from $25.55; repurchased 112,829 shares at $34.01 avg.
- Company reaffirms 2022 NII growth guidance of 12-14%.

## SEC filing metadata
- accession: 0001505732-22-000117
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2022-04-27T23:59:59+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/1505732/000150573222000117/0001505732-22-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000117/bwfg-20220427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-22-000117
- JSON: https://secwatch.observer/filing/0001505732-22-000117.json
- Plain text: https://secwatch.observer/filing/0001505732-22-000117.txt

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