---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-24-000031"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T19:13:55.296688+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001505732-24-000031
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000031/0001505732-24-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000031/bwfg-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-24-000031
- JSON: https://secwatch.observer/filing/0001505732-24-000031.json
- Plain text: https://secwatch.observer/filing/0001505732-24-000031.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000031/0001505732-24-000031-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000031/0001505732-24-000031-index.htm

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