Matthew McNeill
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.
Highest-materiality recent filing
Bankwell Q2 net income $12.4M ($1.52 EPS); raises NII guidance to $115-117M
GAAP net income $12.4M ($1.52 EPS) vs $11.3M ($1.41 EPS) in Q1 2026.
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%.
Director and Audit Committee Chairman James Garnett passes away; Darryl Demos named interim chair
James M. Garnett, Jr., director and Audit Committee Chairman, passed away on February 15, 2024.
Bankwell designates Angelo Fusaro as principal accounting officer
Angelo Fusaro, CPA, age 38, appointed principal accounting officer for Bankwell Financial Group and Bankwell Bank, effective Jan 24, 2024.
Bankwell Q4 GAAP net income $8.5M ($1.09 EPS); full year $36.7M; declares $0.20 dividend
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.
Bankwell Q3 net income $9.8M ($1.25 EPS) vs $9.2M a year ago; NIM drops to 2.85%
GAAP net income $9.8M ($1.25 diluted EPS) vs $9.2M ($1.18) in Q3 2022; net interest margin narrowed to 2.85% from 4.12% YoY.
Bankwell Q2 net income falls to $8.0M from $12.0M YoY; guides NII decline to 5-6%
GAAP EPS $1.02 versus $1.55 in Q2 2022; net interest margin compressed to 3.07% from 4.01%.
All 11 director nominees elected with 84%–95% support; highest was Seidman at 95.29%.
Bankwell Q1 net income $10.4M, EPS $1.33; declares $0.20 dividend
GAAP net income $10.4M ($1.33 diluted EPS) vs $8.2M ($1.04) YoY, up 27%.
Bankwell Financial Group elects Jeffrey R. Dunne to Board of Directors
Jeffrey R. Dunne elected to Bankwell Bank Board effective March 9, 2023.
Bankwell Financial posts record 2022 results; Q4 EPS $1.04, loan growth 41% YoY
GAAP net income Q4 2022 of $8.0M ($1.04 EPS) vs $7.8M ($0.99 EPS) in Q4 2021; full year net income $37.4M ($4.79 EPS) vs $26.6M ($3.36 EPS).
Bankwell Financial appoints Courtney Sacchetti as CFO effective Jan 1, 2023
Courtney Sacchetti appointed EVP and CFO of Bankwell Financial and Bankwell Bank, effective January 1, 2023.
Bankwell Q3 GAAP EPS $1.18, revenue $25M, loans up 21% YTD; declares $0.20 dividend
GAAP net income $9.2M ($1.18 diluted EPS) vs $6.9M ($0.87) in Q3 2021; operating EPS $1.08 excluding prepayments.
Bankwell Financial CFO Penko Ivanov to depart Dec 31, 2022; search underway
EVP and CFO Penko Ivanov departing effective December 31, 2022.
Bankwell issues $35M of 6.0% subordinated notes due 2032 for Tier 2 capital
Issued $35.0 million aggregate principal amount of 6.0% fixed-to-floating rate subordinated notes due September 1, 2032.
Bankwell Q2 record net income $12.0M, EPS $1.55; operating EPS $1.15; dividend $0.20
Record GAAP net income $12.0M ($1.55 EPS) vs $6.2M ($0.79 EPS) in Q2 2021.
Bankwell Financial Group announces annual meeting voting results; all directors elected
All 12 director nominees elected; Castiglioni, Lampert, and Liss each received >20% withheld votes.
Bankwell posts record Q1 net income of $8.2M, EPS $1.04; declares $0.20 dividend
Net income $8.2M ($1.04 diluted EPS) vs $5.7M ($0.71) in Q1 2021, a record quarter.
Bankwell posts record Q4 net income $7.8M ($0.99 EPS), ups dividend 11%
Net income $7.8M ($0.99 EPS) vs $0.3M ($0.04 EPS) in Q4 2020; full year $26.6M ($3.36 EPS) vs $5.9M ($0.75 EPS).
Bankwell Q3 net income $6.9M record ($0.87 EPS); NIM 3.39%; issues $35M sub notes; ups buyback
Net income $6.9M, $0.87 diluted EPS vs $3.0M, $0.38 in Q3 2020; NIM improved to 3.39% from 2.67%.
Bankwell issues $35M subordinated notes at 3.25% fixed; redeems $15.5M 5.75% notes
Issued $35M 3.25% fixed-to-floating subordinated notes due 2031; interest fixed at 3.25% for first 5 years then SOFR+233bps.
Bankwell reports record Q2 net income of $6.2M; boosts dividend 29% to $0.18/share
GAAP EPS $0.79 vs $0.16 in Q2 2020; net income $6.2M vs $1.2M.
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.
On January 24, 2024, the Board of Directors of Bankwell Financial Group, Inc. (the “Company”) designated Angelo Fusaro, CPA, as principal accounting officer of both the Company and its wholly-owned subsidiary, Bankwell Bank (the “Bank”).
Jeffrey R. Dunne was elected to the Board of Directors (the “Board”) of Bankwell Bank (the "Bank") as of March 9, 2023.
Courtney E. Sacchetti has been appointed Executive Vice President and Chief Financial Officer of both the Company and its wholly-owned subsidiary, Bankwell Bank, effective January 1, 2023.
announces the departure of Penko Ivanov, Executive Vice President and Chief Financial Officer (“CFO”), effective December 31, 2022.
Max materiality 0.85 · Median 0.72 · Most common event earnings