Bankwell Financial Group(US:BWFG)2025-10-23 15:00Financial Highlights - The company reported a Return on Average Assets of 1.24%, a growth of 10 basis points compared to the last quarter[7] - Pre-Provision Net Revenue (PPNR) Return on Average Assets was 1.70%, up 27 basis points from the previous quarter[7] - Fully diluted Earnings Per Share (EPS) reached $1.27, a 10% increase compared to the last quarter, driven by improved net interest margin and increased non-interest income[8] - PPNR amounted to $13.9 million, or $1.77 per share, reflecting a 21% increase compared to the last quarter[8] Loan and Deposit Trends - Loan balances increased by $49 million compared to the last quarter, with approximately $220 million in funded originations, including $22 million in SBA loans[8] - Average low-cost deposits increased by $20 million compared to the last quarter, while total deposit costs decreased by 10 basis points to 3.30%[7,8] - Brokered deposits were reduced by $15 million compared to the last quarter and $96 million year-to-date[8] Asset Quality and Capital - Non-Performing Assets (NPAs) to Total Assets ratio was 0.56%, with the NPA balance decreasing by 28% compared to the last quarter due to the collection of $5 million in SBA-guaranteed balances and the sale of $2 million in non-performing loans[7] - Tangible book value stood at $36.84, an increase of $1.19 compared to the last quarter and $3.08 compared to the same quarter last year[8] - The Consolidated CET1 ratio was 10.39%, and the Bank Total Capital ratio was 13.47%[8] Strategic Initiatives - The company has repriced approximately $1 billion of time deposits year-to-date, resulting in an annualized benefit of approximately $7.6 million[36] - The company reduced reliance on brokered deposits, with brokered deposit balances decreasing by $96 million year-to-date[84]