Bankwell Financial Group, Inc. (BWFG) Form 10-Q — Nov 4, 2026
Bankwell Financial Group reported Q3 2026 net income of $12.7 million, or $1.58 per diluted share, up 26% from $10.1 million ($1.26) a year earlier, with revenues of $35.3 million versus $28.5 million. Net interest margin expanded to 3.71% from 3.34% as deposit costs fell, noninterest income jumped 59% on stronger SBA loan sale gains, and the company recorded a $1.3 million credit for loan losses instead of a provision. Nonaccrual loans fell to $7.1 million from $16.3 million at year-end 2025.
Key figures
- Eps
- 1.58
- Revenue
- 35300000
- Net Income
- 12735000
- Total Assets
- 3555275000
- Cash Position
- 255549000
- Shares Outstanding
- 7971972
- Gross loans
- 2982626000
- Nim q3 2025
- 3.34%
- Nim q3 2026
- 3.71%
- Total deposits
- 2967680000
- Acl loans ratio
- 1.03%
- Cet1 ratio bank
- 11.65%
- Nonaccrual loans
- 7131000
- Q3 2025 net income
- 10078000
- Q3 diluted eps 2025
- 1.26
- Core conversion costs q3
- $3.0 million
- Sub note repaid oct 2026
- $35.0 million
- Dividend per share quarter
- 0.2
- Return avg tangible equity q3
- 15.28%
AI analysis
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