secwatch.observer — SEC 8-K summary
======================================

Issuer:     Bankwell Financial Group, Inc. (BWFG)
CIK:        0001505732
Form:       8-K
Filed at:   2022-10-26T23:59:59+00:00
Accession:  0001505732-22-000224
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 Q3 GAAP EPS $1.18, revenue $25M, loans up 21% YTD; declares $0.20 dividend
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505732/000150573222000224/0001505732-22-000224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505732/000150573222000224/bwfg-20221026.htm
  HTML page:      https://secwatch.observer/filing/0001505732-22-000224

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