Steve Moss

David Konrad

Feddie Strickland

Christopher O'Connell

Anira

Stephen M. Moss

- Bankwell Financial Group reported **GAAP net income of $10.1 million**, or **$1.27 per share**, for Q3 2025, an increase from the previous quarter.  **[0001505732_2201236_1]** 
- The company's **Net Interest Margin (NIM) expanded to 3.34%**, up **24 basis points** over the prior quarter, and its **efficiency ratio improved to 51.4%**.  **[0001505732_2201236_1]** **[0001505732_2201236_2]** 
- Credit quality improved, with **non-performing assets as a percentage of total assets falling to 56 basis points**.  **[0001505732_2201236_1]** **[0001505732_2201236_3]** 
- While loan fundings were strong at **$220 million** for the quarter, the full-year loan growth guidance was revised to **flat** due to elevated payoffs.  **[0001505732_2201236_1]** **[0001505732_2201236_4]**  The company affirmed its full-year guidance for non-interest income at **$7 million-$8 million**, net interest income at **$97 million-$98 million**, and non-interest expense at **$58 million-$59 million**.  **[0001505732_2201236_4]**

Bankwell Financial Group Reports Strong Q3 2025 Earnings with Expanded NIM and Improved Credit Quality

- Bankwell Financial Group reported **GAAP net income of $10.1 million**, or **$1.27 per share**, for Q3 2025, an increase from $9.1 million, or $1.15 per share, last quarter.  **[0001505732_2201210_1]** 
- The company's **net interest margin expanded to 3.34%**, up 24 basis points over the prior quarter, and the **efficiency ratio improved to 51.4%**.  **[0001505732_2201210_2]** 
- **Non-performing assets as a percentage of total assets fell to 56 basis points** in Q3 2025, down from 78 basis points last quarter, reflecting continued positive credit trends.  **[0001505732_2201210_1]** **[0001505732_2201210_2]** 
- Loan originations remained strong at **$220 million** for the quarter, bringing year-to-date fundings to **$500 million**, though full-year loan growth guidance was revised to **flat** due to elevated payoffs.  **[0001505732_2201210_1]** **[0001505732_2201210_4]** 
- The company affirmed its full-year guidance for non-interest income at **$7 million to $8 million**, net interest income at **$97 million to $98 million**, and non-interest expense at **$58 million to $59 million**.  **[0001505732_2201210_4]**

Bankwell Financial Group (BWFG)