Bankwell Financial Group (BWFG) Company Report

Bankwell Financial Group (BWFG) reported Q4 2025 GAAP net income of $9.1 million, or $1.15 per share, and operating income of $10.7 million, or $1.36 per share, excluding a one-time tax adjustment.
Net loan growth for Q4 2025 was $122 million, contributing to a full-year 2025 net loan growth of $134 million, or 5%.
The company's net interest margin expanded to 340 basis points, up 6 basis points from the prior quarter, driven by a 15 basis point reduction in deposit costs to 3.15%.
Non-interest income increased to $3.4 million in Q4 2025, primarily due to $2.2 million in SBA gain on sale income.
For 2026, BWFG expects loan growth of 4%-5%, net interest income between $111 million-$112 million, non-interest income of $11 million-$12 million, and total non-interest expense of $64 million-$65 million.

Jan 29, 2026, 4:00 PM

Transcript

BWFG Reports Strong Q4 2025 Results and Provides 2026 Guidance

BWFG

Earnings

Guidance Update

Revenue Acceleration/Inflection

BWFG reported Q4 2025 GAAP net income of $9.1 million, or $1.15 per share, and operating income of $10.7 million, or $1.36 per share.
The company achieved a net interest margin of 340 basis points and an efficiency ratio of 50.8% in Q4 2025, with non-performing assets as a percentage of total assets falling to 49 basis points.
Net loan growth for Q4 2025 was $122 million, contributing to 5% annual loan growth for 2025, and SBA gain on sale income increased to $2.2 million for the quarter.
For 2026, BWFG expects loan growth of 4%-5%, net interest income in the range of $111 million-$112 million, non-interest income of $11 million-$12 million, and total non-interest expense of $64 million-$65 million. SBA originations are anticipated to be around $100 million.

Jan 29, 2026, 4:00 PM

Transcript

Bankwell Financial Group Announces Q4 2025 Results

BWFG

Earnings

Revenue Acceleration/Inflection

Share Buyback

Bankwell Financial Group (BWFG) reported fully diluted EPS of $1.15, or $1.36 on an operating basis, for Q4 2025.
The company achieved $122 million in net loan growth during Q4 2025, contributing to an annual loan growth of 5.0%.
Net Interest Margin (NIM) expanded by 6 basis points quarter-over-quarter to 3.40%, driven by a 15 basis point reduction in total deposit costs to 3.15%.
Non-interest income increased by $0.9 million quarter-over-quarter, primarily due to $2.2 million in gains realized on SBA Loan sales.
Tangible book value per share rose by $1.00 quarter-over-quarter to $37.84.

Jan 29, 2026, 4:00 PM

Presentation

Bankwell Reports Q4 2025 Results and Provides 2026 Guidance

BWFG

Earnings

Guidance Update

Revenue Acceleration/Inflection

BWFG reported Q4 2025 GAAP net income of $9.1 million or $1.15 per share, and operating net income of $10.7 million or $1.36 per share (excluding a one-time tax adjustment).
The company achieved a net interest margin of 340 basis points in Q4 2025, an increase of 6 basis points from the prior quarter, driven by a 15 basis point reduction in deposit costs.
Net loan growth for Q4 2025 was $122 million, contributing to 5% annual loan growth for the full year, and non-performing assets decreased to 49 basis points of total assets.
For 2026, BWFG provided guidance including loan growth of 4%-5%, net interest income between $111 million and $112 million, non-interest income of $11 million-$12 million, and total non-interest expense of $64 million-$65 million.

Jan 29, 2026, 4:00 PM

Transcript

Bankwell Financial Group Reports Q4 2025 Results and Provides 2026 Guidance

BWFG

Earnings

Dividends

Guidance Update

Bankwell Financial Group reported GAAP net income of $9.1 million, or $1.15 per share, and operating net income of $10.7 million, or $1.36 per share, for the fourth quarter of 2025.
The company's Board of Directors declared a $0.20 per share cash dividend, payable February 20, 2026, to shareholders of record on February 10, 2026.
For 2026, the company expects loan growth of 4 to 5 percent, net interest income in the range of $111 to $112 million, non-interest income of $11 to $12 million, and total non-interest expense of $64 to $65 million, with an anticipated efficiency ratio of approximately 51% to 53%.
Nonperforming assets as a percentage of total assets improved to 0.49% as of December 31, 2025, down from 0.56% as of September 30, 2025.

Jan 29, 2026, 1:02 PM

8-K

Bankwell Financial Group Reports Q4 2025 Results and Provides 2026 Guidance

BWFG

Earnings

Dividends

Guidance Update

Bankwell Financial Group reported GAAP net income of $9.1 million, or $1.15 per share, and operating net income of $10.7 million, or $1.36 per share, for the fourth quarter of 2025.
The company's Board of Directors declared a $0.20 per share cash dividend, payable February 20, 2026.
For 2026, the company expects loan growth of 4 to 5 percent, net interest income between $111 million and $112 million, and non-interest income of approximately $11 million to $12 million.
Total non-interest expense for 2026 is estimated at $64 million to $65 million, projecting an efficiency ratio of approximately 51% to 53%.
As of December 31, 2025, total assets were $3.4 billion, with total loans increasing 5.0% year-over-year to $2.8 billion. The Net Interest Margin for Q4 2025 was 3.40% and the efficiency ratio was 50.8%.

Jan 29, 2026, 1:00 PM

Press Release

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

BWFG

Earnings

Guidance Update

Revenue Acceleration/Inflection

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.
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%.
Credit quality improved, with non-performing assets as a percentage of total assets falling to 56 basis points.
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. 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.

Oct 23, 2025, 3:00 PM

Transcript

Bankwell Financial Group Reports Strong Q3 2025 Earnings with Expanded Net Interest Margin and Improved Credit Quality

BWFG

Earnings

Guidance Update

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.
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%.
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.
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.
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.

Oct 23, 2025, 3:00 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Bankwell Financial Group.

Q4 2025

Jan 29, 2026

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Q3 2025

Oct 23, 2025

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