Bankwell Q4 GAAP net income $8.5M ($1.09 EPS); full year $36.7M; declares $0.20 dividend

Bankwell Financial Group, Inc.

2023-FY EPS reported $4.67 revenue$1,629,000

Q4 2023 net income $8.5M ($1.09 diluted EPS) vs $8.0M ($1.04) in Q4 2022; revenue $23.4M down from $27.3M.
Full year 2023 net income $36.7M ($4.67 diluted EPS) vs $37.4M ($4.79) in 2022; revenue $99.3M up from $97.8M.
Net interest margin (FTE) fell to 2.81% for Q4 (3.70% prior year) and 2.98% for full year (3.78% prior year).
Tangible book value per share rose to $33.39 from $30.51 at Dec 2022; ROATCE 14.70% for full year.
2024 guidance: low single digit loan growth; NIM to troug in 3Q at ~250-260 bps; noninterest expense $53-54M.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bankwell Financial Group, Inc. reported the year ended 2023 results: net income $36.7 million, EPS $4.67 per share. Guidance reaffirmed.

Period: the year ended 2023
Net income: $36.7 million
EPS: $4.67 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

For the year ended 2023, net income totaled $36.7 million, or $4.67 per share, versus $37.4 million, or $4.79 per share, for the same period in 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Bankwell Financial Group, Inc. reported the fourth quarter of 2023 results: net income $8.5 million, EPS $1.09 per share. Guidance reaffirmed.

Period: the fourth quarter of 2023
Net income: $8.5 million
EPS: $1.09 per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On January 24, 2024 , Bankwell Financial Group, Inc., the holding company for Bankwell Bank, issued a press release describing its results of operations for the period ended December 31, 2023.

View on SEC.gov

Browse all earnings releases →

Bankwell Financial Group, Inc. filing history →

Source: SEC EDGAR

accession 0001505732-24-000031

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.