UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to________ Commission File Number: 001-36448 Bankwell Financial Group, Inc. (Exact Name of Registrant as specified in its Charter) Connecticut 20 ...

Bankwell Financial Group, Inc. (NASDAQ:BWFG) Q3 2024 Earnings Conference Call October 29, 2024 10:00 AM ET Company Participants Courtney Sacchetti - CFO Chris Gruseke - President & CEO Matt McNeill - Chief Banking Officer Ryan Hildebrand - Chief Innovation Officer Conference Call Participants Christopher O'Connell - KBW Operator Good morning. My name is Audra and I will be your conference operator today. At this time, I would like to welcome everyone to the Bankwell Financial Group Inc. Third Quarter 2024 ...

BANKWELL FINANCIAL GROUP REPORTS OPERATING RESULTS FOR THE THIRD QUARTER, DECLARES FOURTH QUARTER DIVIDEND, AND ANNOUNCES SHARE REPURCHASE PLAN New Canaan, CT – October 28, 2024 – Bankwell Financial Group, Inc. (NASDAQ: BWFG), a leading commercial bank with a growing digital focus, reported GAAP net income of $1.9 million, or $0.24 per share for the third quarter of 2024, versus $1.1 million, or $0.14 per share, for the second quarter of 2024. The Company's Board of Directors declared a $0.20 per share cash ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to________ Commission File Number: 001-36448 Bankwell Financial Group, Inc. (Exact Name of Registrant as specified in its Charter) Connecticut 20-8251 ...

New Canaan, CT – July 24, 2024 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $1.1 million, or $0.14 per share for the second quarter of 2024, versus $8.0 million, or $1.02 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $9.7 million, or $1.25 per share, for the second quarter of 2024, versus $12.8 million, or $1.68 per share for the same period in 2023. Earnings and Performance About Bankwell Financial Group 1 Capital (2) The dividend pay ...

Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨ 2 | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | PART I – FINANCIAL INFORMATION | | | | | | Item 1. Financial ...

New Canaan, CT – April 24, 2024 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.8 million, or $0.48 per share for the first quarter of 2024, versus $10.4 million, or $1.33 per share, for the same period in 2023. Pre-tax, pre-provision net revenue ("PPNR") was $8.8 million, or $1.14 per share, for the first quarter of 2024, versus $14.4 million, or $1.89 per share for the same period in 2023. Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke: • PPNR was $ ...

Our ability to maintain our reputation is critical to the success of our business. 21 We may not be able to execute our strategic plan. business. 22 As a financial institution, we are inherently exposed to risk in the form of theft and other fraudulent activities by clients, vendors, bad actors, and/or employees targeting the Bank or our clients. Such activity may take many forms, including check fraud, electronic fraud, wire fraud, phishing, social engineering, and other dishonest acts. The increasing soph ...

Risk management | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------|-------|-------|-------|--------|-------|-------|-------|-------|-------|-------|-------|--------| | Three Months Ended September 30, 2022 \nBeginning balance | $ | 331 | $ | 11,480 | $ | 95 | $ | 3,802 | $ | 65 | $ | 15,773 | | Charge-offs | | — | | — | | — | | — | | (8) | | (8) | | Recoveries | | — | | — | | — | | 21 | | — | | 21 | | (Credit) provis ...

| --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|----------------------------------------------|--------------|-------------------------------------------------------------------|-------|---------| | | Net (Loss) on Sale | Unrealized Gain Available for Securities | Net (Loss) | Unrealized Gain on Interest Rate Swaps \n(In thousands) | | Total | | ...