earnings
confidence high
sentiment positive
materiality 0.80
Bankwell Q2 record net income $12.0M, EPS $1.55; operating EPS $1.15; dividend $0.20
Bankwell Financial Group, Inc.
2022-Q2 EPS reported
$2.58
revenue$489,000
- Record GAAP net income $12.0M ($1.55 EPS) vs $6.2M ($0.79 EPS) in Q2 2021.
- Revenue $25.0M up 39% YoY; net interest margin 4.01% vs 3.12% prior year.
- Gross loans $2.1B (+8.5% since Dec 2021); deposits $2.0B (-4.3%).
- Operating EPS $1.15 (adjusted for prepayments and reserve releases); ROAA 1.96% (operating 1.45%).
- Board declared $0.20 dividend payable Aug 25 to holders of record Aug 15.