secwatch.observer — SEC 8-K summary
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Issuer:     Bankwell Financial Group, Inc. (BWFG)
CIK:        0001505732
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001505732-24-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1505732/000150573224000031/0001505732-24-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1505732/000150573224000031/bwfg-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001505732-24-000031

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