Bankwell Financial Group, Inc. (BWFG) Form 8-K — Oct 29, 2026
$BWFGForm 8-KItems 2.02, 7.01, 8.01, 9.01Filed Oct 29, 2026, 8:22 AM ET0001628280-26-068043Original filing
Bankwell Financial Group (NASDAQ: BWFG) reported record third-quarter 2026 earnings, with GAAP net income of $12.7 million or $1.58 per diluted share, up from $10.1 million ($1.26) a year earlier despite absorbing $3.0 million of core conversion costs. On an operating basis, net income was $15.0 million ($1.86 per share), the operating efficiency ratio was 47.5%, and net interest margin expanded 13 basis points to 3.71%. Nonperforming assets fell to 0.20% of total assets from 0.46%, aided by a $2.5 million recovery on a sold COVID-era CRE loan.
Key figures
- Eps
- $1.58 diluted
- Revenue
- $35.3 million (total revenues, Q3 2026)
- Guidance
- Full-year 2026: net interest income $119-121 million; non-interest income $14-15 million; loan growth 5-7%; non-interest expense $65-67 million excluding conversion costs
- Net Income
- $12.7 million
- Total Assets
- $3.56 billion
- Cash Position
- $255.5 million (cash and cash equivalents)
- Shares Outstanding
- 7,971,972
- Operating eps
- $1.86
- Sba gains ytd
- $7.6 million
- Total deposits
- $3.0 billion
- Dividend per share
- $0.20
- Net interest margin
- 3.71%
- Sba originations q3
- $30.1 million
- Dividend record date
- November 9, 2026
- Operating net income
- $15.0 million (non-GAAP)
- Core conversion costs
- $3.0 million pre-tax
- Dividend payable date
- November 20, 2026
- Nonperforming assets pct
- 0.20%
- Tangible book value per share
- $41.59
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