---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-22-000224"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:48:10.528268+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bankwell Q3 GAAP EPS $1.18, revenue $25M, loans up 21% YTD; declares $0.20 dividend

## Summary
- GAAP net income $9.2M ($1.18 diluted EPS) vs $6.9M ($0.87) in Q3 2021; operating EPS $1.08 excluding prepayments.
- Revenue $25.0M, up 30% YoY; net interest margin expanded to 4.12% from 3.39%.
- Gross loans grew $391.9M (20.7%) YTD to $2.3B; deposits rose to $2.3B.
- Tangible book value per share $29.68 (+16.2% YTD); ROAA 1.47%, ROAE 15.73%.
- CEO expects interest income up >25% but NII down 10% in 2023 due to deposit costs; quarterly dividend $0.20.

## SEC filing metadata
- accession: 0001505732-22-000224
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2022-10-26T23:59:59+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/1505732/000150573222000224/0001505732-22-000224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573222000224/bwfg-20221026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-22-000224
- JSON: https://secwatch.observer/filing/0001505732-22-000224.json
- Plain text: https://secwatch.observer/filing/0001505732-22-000224.txt

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