Bankwell Financial Group Schedules Date for Q2 Earnings Release and Conference Call

Deep News
Jul 09

Bankwell Financial Group, Inc. (NASDAQ: BWFG) has announced it will report its financial results for the second quarter ended June 30, 2026, on Thursday, July 23, 2026.

The company's management will host an audio webcast and conference call at 11:00 a.m. Eastern Time on that same day to discuss the financial and operational performance.

Accessing the Presentation

The link to the webcast and the accompanying presentation slides will be available on the company's investor relations website prior to the start of the live event.

The webcast will be archived on the company's website for a period of twelve months and will be available for replay during that time.

About the Company

Bankwell Financial Group is the holding company for Bankwell Bank, a full-service commercial bank headquartered in New Canaan, Connecticut.

The bank offers a range of commercial financing products including working capital lines of credit, SBA loans, acquisition loans, and commercial mortgages, alongside treasury management and deposit services.

Recent Financial Performance

In its previously released first-quarter results, the company reported GAAP net income of $11.3 million, or $1.41 per share.

This represented a significant increase from the $9.1 million, or $1.15 per share, earned in the fourth quarter of 2025.

The company's board of directors declared a cash dividend of $0.20 per share.

Operational Highlights

During the first quarter, core deposits increased by $113 million, which included a $39 million rise in low-cost deposits.

Brokered deposits and Federal Home Loan Bank borrowings decreased by $44.5 million and $50.0 million, respectively, lowering the wholesale funding ratio to 18.1%.

Since the peak in brokered deposits at the end of 2022, the company has reduced them by a cumulative $512.4 million, a decrease of 49.9%.

Net loans grew by $27.1 million, with $190 million in new loan originations for the quarter, including $34 million in SBA loans.

Updated Outlook

Management reaffirmed its 2026 guidance for net interest income and loan growth.

Due to improved prospects for SBA loan sale gains and other commercial fees, the company raised its noninterest income guidance to a range of $12 million to $13 million.

Full-year noninterest expense is projected to be approximately $64 million to $65 million.

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