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

(Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 Commission File Number: 001-36448 | --- | --- | --- | |---------------------------------------------------------------------------------------------------|-------------------|---------------------------------------------| | Securities registered pursuant to Section 12(b) of the Act: \nTitle of Each Class | Trading Symbol(s) | Name of Each Exchange on Which \nRegi ...

| --- | --- | --- | |--------------------------------------|--------------------------------------------------------------------|-------------------------------------------------------------| | Securities \nTitle of Each Class | registered pursuant to Section 12(b) \nTrading Symbol(s) | of the Act: \nName of Each Exchange on Which Registered | | Common Stock, no par value per share | BWFG | NASDAQ Global Market | Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 ...

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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to________ | --- | --- | |----------------------------------------------------------------------------------------------------------------------- ...

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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to________ | --- | --- | |---------------------------------------------------------------------------------------------------------------------------- ...

BWFG | LISTED | NASDAQ 2Q22 Investor Presentation July 27th, 2022 BWFG Safe Harbor LISTED BWFG LISTED NASDAQ NASDAQ This presentation may contain certain forward-looking statements about Bankwell Financial Group, Inc. (the "Company"). Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as "believe," "expect," "would," "should," "could," or "may." Forw ...

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 March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to________ | --- | --- | |--------------------------------------------------------------------------------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 (State or o ...

Financial Performance - For the three months ended September 30, 2021, net interest income was $17.7 million, an increase of $4.1 million or 30.2% compared to the same period in 2020[193]. - Noninterest income for the three months ended September 30, 2021 increased by $0.8 million to $1.4 million compared to the same period in 2020[194]. - Net income available to common shareholders for the three months ended September 30, 2021 was $6.9 million, or $0.87 per diluted share, compared to $3.0 million, or $0.38 per diluted share for the same period in 2020[196]. - The return on average stockholders' equity for the three months ended September 30, 2021 was 14.09%, up from 6.87% for the same period in 2020[197]. - The net interest margin increased by 72 basis points to 3.39% for the three months ended September 30, 2021 compared to the same period in 2020[203]. - Interest expense for the three months ended September 30, 2021 decreased by $2.4 million, or 45.6%, compared to the same period in 2020[202]. - FTE net interest income for the three months ended September 30, 2021 was $17.8 million, compared to $13.7 million for the same period in 2020[199]. - The increase in net interest income for the nine months ended September 30, 2021 was $8.4 million, or 20.8% compared to the same period in 2020[193]. - Total noninterest income for the nine months ended September 30, 2021 was $4.8 million, an increase of 113.5% compared to the same period in 2020[217]. Asset and Liability Management - Total assets increased to $2,226,890 thousand in September 2021, up from $2,178,983 thousand in September 2020, representing a growth of 2.2%[206]. - Total loans reached $1,777,557 thousand with a net interest income of $17,775 thousand, resulting in a net interest margin of 3.39% for the three months ended September 30, 2021[206]. - Interest-bearing liabilities totaled $1,640,042 thousand, with a net interest income of $2,890 thousand, reflecting a decrease in the interest rate to 0.70%[206]. - The total interest-bearing deposits increased to $1,567,082 thousand, with an interest expense of $2,387 thousand, resulting in an average interest rate of 0.60%[206]. - The company reported a total shareholders' equity of $192,993 thousand as of September 30, 2021, up from $173,162 thousand in the previous year[206]. - The total liabilities increased to $2,033,897 thousand, reflecting a growth in noninterest-bearing deposits to $341,303 thousand[206]. - Total deposits increased to $1.9 billion at September 30, 2021, compared to $1.8 billion at December 31, 2020[230]. - The carrying value of the investment securities portfolio was $105.9 million, representing 4.8% of total assets as of September 30, 2021, compared to 4.7% at December 31, 2020[247]. - The net unrealized gain on the investment portfolio decreased to $5.0 million as of September 30, 2021, down from $7.5 million at December 31, 2020[248]. - Total advances from the Federal Home Loan Bank decreased by $95.0 million, or 54.3%, to $80.0 million as of September 30, 2021[251]. Loan and Credit Quality - Provision for loan losses decreased to $0.1 million for the three months ended September 30, 2021 compared to $0.7 million for the same period in 2020[214]. - Nonperforming assets totaled $28.9 million, representing 1.30% of total assets at September 30, 2021, down from $33.4 million and 1.48% at December 31, 2020[238]. - The allowance for loan losses was $16.8 million, or 0.92% of total gross loans, at September 30, 2021, compared to $21.0 million, or 1.29%, at December 31, 2020[243]. - Total nonaccrual loans decreased to $28.9 million at September 30, 2021, from $33.4 million at December 31, 2020[238]. - The company actively manages asset quality through disciplined underwriting and portfolio monitoring[236]. Operational Expenses - Noninterest expense increased by $0.6 million to $10.4 million for the three months ended September 30, 2021 compared to the same period in 2020, primarily due to occupancy and equipment expenses[220]. - Salaries and employee benefits decreased by 9.7% to $4.8 million for the three months ended September 30, 2021 compared to the same period in 2020[221]. - FDIC insurance expense increased by 69.3% to $0.3 million for the three months ended September 30, 2021 compared to the same period in 2020[221]. - Data processing expense increased by $0.4 million to $2.0 million for the nine months ended September 30, 2021 compared to the same period in 2020, due to costs associated with a new online banking system[225]. Market and Economic Conditions - The impact of COVID-19 continues to create uncertainty regarding future business operations and economic conditions[190]. - Inflation generally increases the costs of funds and operating overhead, which may adversely affect liquidity, earnings, and shareholders' equity[273]. - The company acknowledges that deposit balances may shift into higher yielding alternatives as market rates change, impacting the overall interest rate risk[268]. Risk Management - Interest rate risk management is identified as the primary market risk for the company, with ongoing discussions on asset/liability management strategies[270]. - The estimated percentage change in net interest income at risk for a 200 basis point increase in rates was -3.40% as of September 30, 2021[265]. - The estimated percentage change in Economic Value of Equity (EVE) at risk shows a decrease of (25.20)% under a -100 basis points scenario as of September 30, 2021, compared to (47.30)% as of December 31, 2020[268]. - In a +100 basis points scenario, the EVE is projected to increase by 2.40% as of September 30, 2021, up from 9.30% as of December 31, 2020[268]. - The company has modeled increased costs of deposits in rising rate scenarios, indicating proactive risk management[268]. - The static balance sheet assumption does not reflect future growth expectations, which depend on the business environment and customer behavior[269]. - The company remains well-capitalized despite the significant change in EVE under the -100 basis points scenario, indicating resilience in the current interest rate environment[268].

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, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________to________ | --- | --- | |---------------------------------------------------------------------------------------------------------------------------- ...