secwatch.observer — SEC 8-K summary
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Issuer:     Bankwell Financial Group, Inc. (BWFG)
CIK:        0001505732
Form:       8-K
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0001505732-22-000117
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505732/000150573222000117/0001505732-22-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505732/000150573222000117/bwfg-20220427.htm
  HTML page:      https://secwatch.observer/filing/0001505732-22-000117

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