Bankwell Q3 GAAP EPS $0.24, includes $8.2M charge-off; declares $0.20 dividend, new buyback up to 250K shares

Bankwell Financial Group, Inc.

2024-Q3 EPS reported $0.86 revenue$1,374,000

GAAP net income $1.9M ($0.24 diluted EPS) vs Q2 $1.1M ($0.14); PPNR $9.0M down 7% QoQ.
Recorded $8.2M charge-off on $13.7M office loan participation, a $0.79 drag to EPS.
Net interest margin 2.72% (-6bps from non-performing loan charges and CD fees); brokered deposits down $24.2M.
Board declared $0.20 quarterly dividend payable Nov 22 to holders of record Nov 11; new buyback for up to 250K shares.
$27.1M multifamily NPL has signed sale agreement at par; $42M residential care relationships upgraded in quarter.

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.