secwatch.observer — SEC 8-K summary
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Issuer:     Bankwell Financial Group, Inc. (BWFG)
CIK:        0001505732
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001505732-23-000140
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 Q1 net income $10.4M, EPS $1.33; declares $0.20 dividend
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- GAAP net income $10.4M ($1.33 diluted EPS) vs $8.2M ($1.04) YoY, up 27%.
- Revenue (net interest income + noninterest income) $27.1M vs $20.5M YoY on loan growth and higher yields.
- Gross loans $2.8B (+3.1% from Dec 2022); deposits $2.8B flat; 70.3% FDIC-insured; $1.5B liquidity covers 200% of uninsured deposits.
- Net interest margin 3.24% vs 3.30% YoY; guidance reiterated: NII expected down ~10% in FY2023.
- Quarterly dividend $0.20/share payable May 23, record May 12; CECL adoption increased ACL-loans by $5.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505732/000150573223000140/0001505732-23-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505732/000150573223000140/bwfg-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001505732-23-000140

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