---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-24-000141"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T16:53:09.592056+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bankwell Q2 GAAP EPS $0.14 vs $1.02 YoY; $6.6M specific reserve on commercial credit

## Summary
- GAAP net income $1.1M ($0.14 EPS) vs $8.0M ($1.02 EPS) in Q2 2023; PPNR $9.7M vs $12.8M.
- Provision for credit losses $8.2M; $6.6M specific reserve on $8.7M commercial credit; remaining exposure $1.7M.
- Net interest margin 2.75% (down from 3.07% YoY); loans and deposits each down ~2.3-2.7% from Dec 2023.
- Board declared $0.20 per share dividend payable Aug 23, 2024 to record Aug 12.
- Repurchased 40,140 shares at weighted avg $24.55 in Q2.

## SEC filing metadata
- accession: 0001505732-24-000141
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2024-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000141/0001505732-24-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000141/bwfg-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-24-000141
- JSON: https://secwatch.observer/filing/0001505732-24-000141.json
- Plain text: https://secwatch.observer/filing/0001505732-24-000141.txt

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