---
schema_version: "secwatch.filing_event.v1"
accession: "0001505732-24-000217"
form_type: "8-K"
ticker: "BWFG"
cik: "0001505732"
company_name: "Bankwell Financial Group, Inc."
filed_at: "2024-10-28T23:59:59+00:00"
generated_at: "2026-05-30T09:39:17.129634+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001505732-24-000217
- form_type: 8-K
- ticker: BWFG
- cik: 0001505732
- company_name: Bankwell Financial Group, Inc.
- filed_at: 2024-10-28T23:59:59+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/1505732/000150573224000217/0001505732-24-000217-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1505732/000150573224000217/bwfg-20241028.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001505732-24-000217
- JSON: https://secwatch.observer/filing/0001505732-24-000217.json
- Plain text: https://secwatch.observer/filing/0001505732-24-000217.txt

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