Bankwell Financial Group Inc ( (BWFG) ) has released its Q1 earnings. Here is a breakdown of the information Bankwell Financial Group Inc presented to its investors.
Bankwell Financial Group Inc., a full-service commercial bank based in New Canaan, CT, offers a range of financial products and services, including commercial loans and treasury management.
Bankwell Financial Group reported a strong first quarter for 2025, with a significant increase in net income and a declared dividend for the second quarter. The company continues to expand its market presence and improve asset quality.
The company reported a net income of $6.9 million, or $0.87 per share, a substantial increase from the previous quarter’s $3.0 million, or $0.37 per share. The net interest margin expanded to 2.81%, driven by improved deposit costs and strategic loan sales. Additionally, the company successfully resolved non-performing assets, reducing the non-performing asset ratio to 0.83%.
Strategically, Bankwell expanded its deposit-gathering capabilities by hiring new teams in the New York City metro area and achieved gains on the sale of SBA loans, indicating positive momentum in its lending division. The company’s financial health remains robust, with all regulatory capital ratios above ‘well-capitalized’ thresholds.
Looking ahead, Bankwell Financial Group remains optimistic about its financial guidance and plans to leverage market disruptions to further strengthen its team and market position, despite ongoing macroeconomic volatility.