Wed, May 7, 6:31 PM (16 days ago)
**Bankwell Financial Group, Inc. (BWFG) - Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $23.6 million (up from $22.1 million in Q1 2024). - **Net Income:** $6.9 million (up from $3.8 million in Q1 2024). - **Earnings per Share (EPS):** $0.87 (up from $0.48 in Q1 2024). - **Return on Average Assets:** 0.86% (up from 0.47% in Q1 2024). - **Return on Average Equity:** 10.16% (up from 5.59% in Q1 2024). **Profit Margins & Cash Flow:** - **Net Interest Margin:** 2.81% (up from 2.71% in Q1 2024). - **Efficiency Ratio:** Not explicitly stated, but implied by the increase in noninterest income and decrease in noninterest expense. - **Cash Flow from Operating Activities:** $3.9 million (down from $9.0 million in Q1 2024). **Earnings Changes & Quarterly Performance:** - **Provision for Credit Losses:** $0.5 million (down from $3.7 million in Q1 2024). - **Noninterest Income:** $1.5 million (up from $0.9 million in Q1 2024). - **Noninterest Expense:** $14.1 million (up from $13.3 million in Q1 2024). **Trends & Uncertainties:** - **Loan Portfolio:** Total loans decreased by $61.0 million (2.3%) compared to Q4 2024. - **Deposit Portfolio:** Total deposits decreased by $37.1 million (1.3%) compared to Q4 2024. - **Capital Ratios:** The Bank and Company met all capital adequacy requirements and exceeded the regulatory minimum capital levels to be considered well-capitalized. - **Interest Rate Risk:** The Bank remains liability sensitive, with more liabilities than assets subject to repricing as market rates change. **Future Operations & Impact:** - **Share Repurchase:** The Company purchased 29,924 shares at a weighted average price of $30.46 per share during Q1 2025. - **Dividends:** The Company declared a $0.20 per share cash dividend, payable on May 20, 2025. - **Lease Agreement:** The Bank signed a lease for a property located at 557 and 559 86th Street, Brooklyn, New York. **Regulatory Matters & Risk Management:** - The Bank and Company are subject to various regulatory capital requirements administered by the federal banking agencies. - The Company employs a robust and proactive risk management framework to safeguard assets, ensure regulatory compliance, and support sustainable growth. **Ticker:** BWFG **Market Position:** Bankwell Financial Group, Inc. is a bank holding company headquartered in New Canaan, Connecticut, serving small and medium-sized businesses and retail clients. The Company's strategy rests on its competitive strengths, including strategic market reach, experienced leadership, dedicated board of directors, disciplined risk management, strong capital position, and scalable operating platform.