Highest-materiality recent filing
Bankwell Financial shareholders elect all directors, approve say-on-pay advisory vote
All 10 director nominees elected with 85.69% to 99.81% support; 1,485,553 broker non-votes.
BWFG Q1 net income $11.3M ($1.41 EPS); raises non-interest income guidance
GAAP net income $11.3M, diluted EPS $1.41 vs Q4 2025 net income $9.1M, EPS $1.15.
Bankwell Q4 operating EPS $1.36, GAAP EPS $1.15, declares $0.20 dividend, provides 2026 outlook
Q4 GAAP net income $9.1M ($1.15 EPS) vs Q3 $10.1M ($1.27); operating net income $10.7M ($1.36 EPS).
Bankwell Q3 GAAP EPS $1.27 beats Q2 $1.15; NIM expands to 3.34%, NPAs drop to 0.56%
GAAP net income $10.1M ($1.27 diluted EPS) vs Q2 $9.1M ($1.15). PPNR $13.9M, up 21.5% QoQ.
Bankwell Q2 net income $9.1M ($1.15 EPS); NIM expands to 3.10%, guidance raised
GAAP net income $9.1M ($1.15 diluted EPS) vs $6.9M ($0.87) in Q1 2025.
All 10 director nominees elected; lowest support was Carl M. Porto at 83.71% (16.29% withheld).
Bankwell Q1 net income $6.9M vs $3.0M prior Q; NIM up 21bp; NPAs fall to 0.83%; dividend $0.20
GAAP net income of $6.9M ($0.87 diluted EPS) vs $3.0M ($0.37) in Q4 2024.
Bankwell sells $35.4M of nonperforming assets, recovering full value in two transactions
Sold OREO property for $8.3M, net proceeds equal to acquisition cost; property secured non-performing construction loan.
Bankwell Q4 GAAP EPS $0.32; $3.0M charge-offs; guides FY25 NII $93-95M
GAAP net income $2.5M ($0.32 diluted) vs $1.9M ($0.24) Q3; YoY EPS down from $1.09; dividend $0.20/sh.
Bankwell raises ownership limit for shareholder Seidman to 14.99% from 9.9%
Amendment dated Dec 19, 2024 between Bankwell and Lawrence B. Seidman.
GAAP net income $1.9M ($0.24 diluted EPS) vs Q2 $1.1M ($0.14); PPNR $9.0M down 7% QoQ.
Bankwell Financial reports $8.2M charge off on NJ office CRE loan; remaining exposure $5.5M
Charge off of $8.2M on a $13.7M CRE loan secured by a Class A suburban NJ office park.
Bankwell amends bylaws: annual meeting moved to May, committee governance updated
Annual shareholder meeting changed from June to May, effective July 24, 2024 (Board retains discretion).
Bankwell Q2 GAAP EPS $0.14 vs $1.02 YoY; $6.6M specific reserve on commercial credit
GAAP net income $1.1M ($0.14 EPS) vs $8.0M ($1.02 EPS) in Q2 2023; PPNR $9.7M vs $12.8M.
Bankwell to take additional $6.6M reserve on C&I loan, impacting Q2 2024 results
Additional $6.6M specific reserve on an $8.7M non-performing C&I credit; prior reserve was $0.4M.
BWFG shareholders elect all 10 director nominees, approve say-on-pay and auditor at annual meeting
All 10 directors elected; Carl M. Porto received lowest support at 79.74% for, 20.26% withheld.
Bankwell Q1 net income $3.8M ($0.48) vs $10.4M ($1.33) YoY; $3.7M charge-offs
PPNR fell to $8.8M from $14.4M YoY; net interest margin 2.71% vs 3.24%.
Matthew McNeill, age 49, was elected to President of Bankwell Bank (the "Bank") and Bankwell Financial Group, Inc. (the "Company") as of January 22, 2025.
Max materiality 0.80 · Median 0.75 · Most common event earnings