Bankwell Financial Group (BWFG)
NASDAQ:BWFG
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Earnings Data
Report Date
Jul 29, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.29Last Year’s EPS
1.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a generally constructive picture: solid GAAP earnings, tangible core deposit growth, meaningful loan production, improved deposit costs, and healthy credit metrics with a provision release. Management raised noninterest income guidance and reaffirmed full-year net interest income guidance while executing balance sheet optimization (notably a 50% reduction in broker deposits since 2022). Offsetting items were modest NIM pressure from loan repricing and day-count effects, a seasonal hit to PPNR/efficiency in Q1, a small uptick in NPAs (CRE-related) and ongoing competitive pressure for deposits. Capital ratios are improving but remain below the stated CET1 target, limiting more aggressive buybacks. Overall, positives outweigh the near-term headwinds, with management confident in continued execution.Company Guidance
Strong GAAP Earnings
Reported GAAP net income of $11.3 million, or $1.41 per share for Q1 2026, supported by stable net interest income and meaningful fee income.
Loan Production and Net Loan Growth
Originations of $190 million in the quarter (including $34 million of SBA production) resulting in net loan growth of $27 million; annualized growth pace consistent with prior guidance of 4%–5% for the full year.
Core Deposit Inflows and Improved Funding Mix
Core deposits increased $113 million sequentially, including $39 million of low-cost deposits and a $24 million increase in annualized checking balances (an 8% quarter-over-quarter increase). Reduced broker deposits and FHLB borrowings by a combined $95 million during the quarter and reduced broker deposits by $513 million (50%) since end-2022.
Deposit Cost Improvements and Repricing Tailwind
Total deposit cost declined 5 basis points sequentially to 310 bps with a March exit deposit cost of ~298 bps. Repriced ~$300 million of time deposits down 44 bps (expected annualized benefit ~$1.2 million) and expect ~$1.1 billion of time deposits to reprice favorably over next 12 months for an incremental annualized benefit of ~$1.6 million (~5 bps to NIM).
Noninterest Income and SBA Contribution
Noninterest income of $3.3 million in the quarter, including $2.4 million of gains on SBA loan sales; SBA platform continues to be an important recurring fee source and full-year noninterest income guidance was raised to $12 million–$13 million.
Profitability Metrics
Return on average assets of 1.35% and return on average tangible common equity of 15% for the quarter; net interest income of $26.9 million largely unchanged quarter-over-quarter and reaffirmed full-year NII guidance of $111 million–$112 million.
Prudential Credit Metrics and Provision
Provision for credit losses was a release of $1 million in the quarter; allowance for credit losses ended at 1.03% of total loans with coverage of nonperforming loans at ~155%.
Balance Sheet Strength and Capital Actions
Total assets of $3.4 billion and deposits of $2.9 billion at quarter end; tangible common equity 9.17% and consolidated CET1 ~10.58%. Executed a small share repurchase (3,317 shares at an average price of $45.32) and signaled intent to continue opportunistic buybacks as capital targets permit.
Expense Discipline and Guidance
First-quarter noninterest expense elevated to $16.9 million due to ~ $1 million of typical annual first-quarter items, but underlying noninterest expense run rate remains in guidance of $64 million–$65 million; efficiency ratio was 55.8% (seasonally impacted).
Strategic Execution — Branch Expansion
Opened first full-service New York branch (Bay Ridge, Brooklyn) to support an experienced private client banking team and expand deposit-gathering and client service capabilities in NYC.
BWFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BWFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $49.24 | $50.18 | +1.90% |
Jan 29, 2026 | $46.62 | $47.40 | +1.66% |
Oct 23, 2025 | $43.10 | $43.34 | +0.55% |
Jul 28, 2025 | $36.74 | $39.13 | +6.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Bankwell Financial Group (BWFG) report earnings?
Bankwell Financial Group (BWFG) is schdueled to report earning on Jul 29, 2026, TBA (Confirmed).
What is Bankwell Financial Group (BWFG) earnings time?
Bankwell Financial Group (BWFG) earnings time is at Jul 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWFG EPS forecast?
BWFG EPS forecast for the fiscal quarter 2026 (Q2) is 1.29.