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Bankwell Financial Group (BWFG)
NASDAQ:BWFG
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.81Last Year’s EPS
0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 23, 2025
|% Change Since: 11.81%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant increases in earnings per share, successful reduction of nonperforming assets, and growth in core deposits. However, challenges such as a modest reduction in net loan balances and an increase in noninterest expenses were noted. Overall, the highlights significantly outweigh the lowlights.Company Guidance
During the Bankwell Financial Group's first quarter 2025 earnings call, the company provided comprehensive guidance on various financial metrics. The GAAP fully diluted earnings per share reached $0.87, marking a 135% increase from the previous quarter and an 81% rise year-over-year. The net interest margin improved by 21 basis points to 281 basis points, with a core net interest margin expansion of 12 basis points due to a decline in the total cost of funds to 3.6%. Noninterest income saw a 56% increase compared to the previous quarter, driven by $424,000 in SBA gain on sale income. The company reported a pre-provision net revenue of $9.4 million, up 11% from the fourth quarter, and an efficiency ratio of 59.9%. Bankwell reaffirmed its net interest income guidance for 2025, targeting $93 million to $95 million, with anticipated continued margin expansion. The company reduced broker deposits by $81 million while core deposits grew by $43 million. The full year guidance for noninterest income and expense remains at $7 million to $8 million and $56 million to $57 million, respectively.Significant Increase in Earnings Per Share
GAAP fully diluted earnings per share of $0.87, up 135% relative to the fourth quarter and 81% year-over-year.
Successful Disposition of Nonperforming Assets
Disposed of nonperforming credits including an $8.3 million OREO asset and a $27.1 million multifamily loan, reducing nonperforming assets as a percentage of total assets by 105 basis points to 83 basis points.
Net Interest Margin Expansion
Reported net interest margin for the quarter of 281 basis points, a 21 basis point increase relative to the linked quarter.
Growth in Core Deposits
Core deposits grew by $43 million, including $28 million growth in noninterest-bearing deposits.
Reduction in Broker Deposits
Broker deposits declined $81 million relative to the fourth quarter, with a total reduction of $207 million over the last twelve months.
Increase in SBA Originations
SBA originations grew to $10 million in the first quarter, with gain on sale margins over 10%.
Improved Efficiency Ratio
Efficiency ratio for the quarter was 59.9%, with expectations of further improvement as net interest margin expands.
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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
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BWFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 23, 2025 | $30.40 | $31.90 | +4.93% |
| Jan 22, 2025 | $29.55 | $30.56 | +3.42% |
| Oct 28, 2024 | $28.66 | $28.47 | -0.66% |
| Jul 24, 2024 | $25.92 | $25.83 | -0.35% |
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.
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FAQ
When does Bankwell Financial Group (BWFG) report earnings?
Bankwell Financial Group (BWFG) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Bankwell Financial Group (BWFG) earnings time?
Bankwell Financial Group (BWFG) earnings time is at Jul 23, 2025, TBA Not 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 2025 (Q2) is 0.81.
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