Bankwell Q1 FY26 net income rises to $11.3 million; revenue climbs to $30.2 million

Bankwell Financial Group, Inc.

Bankwell Financial Group, Inc.

BWFG

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  • Bankwell Financial Group posted net income available to common shareholders of USD 11.3 million, or USD 1.41 per diluted share, for quarter ended March 31, 2026, up from USD 6.9 million, or USD 0.87 per diluted share, a year earlier.
  • Revenue rose to USD 30.2 million from USD 23.6 million.
  • Net interest margin widened to 3.28% from 2.81%, while FTE net interest income increased to USD 27 million from USD 22.2 million.
  • Credit costs swung to a USD 1 million credit for credit losses from a USD 538,000 provision, while nonperforming assets climbed to USD 19 million from USD 16.3 million at Dec. 31, 2025.
  • Assets edged up to USD 3.4 billion from Dec. 31, 2025, with deposits rising to USD 2.9 billion and gross loans increasing to USD 2.9 billion.


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