Business
Bankwell Financial Group Reports Operating Results for the Fourth Quarter, Declares First Quarter Dividend
NEW CANAAN, Conn., January 29, 2026--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $9.1 million, or $1.15 per share for the fourth quarter of 2025, versus $10.1 million, or $1.27 per share, for the third 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.
About this update from Bankwell Financial Group, Inc.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":285,"height":285,"url":"https://media.zenfs.com/en/business-wire.com/016b483734ec3b22bc9c6098e874be7a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/h8CVMqABR8ze9S5vYLBFVQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTQyMDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/016b483734ec3b22bc9c6098e874be7a","width":285,"height":285}},"lazy":false},{"type":"text","content":"NEW CANAAN, Conn., January 29, 2026--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $9.1 million, or $1.15 per share for the fourth quarter of 2025, versus $10.1 million, or $1.27 per share, for the third 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.","length":418,"tagName":"p"},{"type":"text","content":"Reported fourth quarter of 2025 GAAP net income reflects $1.5 million of one-time income tax expense related to adjustments to the income tax provision, primarily due to the finalization of state tax filings and changes in estimated tax positions associated with the Company’s expanded state-level footprint. These adjustments relate to both current- and prior‑year tax estimates.","length":380,"tagName":"p"},{"type":"text","content":"Reported GAAP net income of $9.1 million, or $10.7 million on an operating basis(1), for the fourth quarter of 2025.","length":116,"tagName":"p"},{"type":"text","content":"Reported diluted earnings per share was $1.15, or $1.36 on an operating basis(1), for the fourth quarter of 2025.","length":113,"tagName":"p"},{"type":"text","content":"Reported return on average assets was 1.11%, or 1.29% on an operating basis(1), for the fourth quarter of 2025.","length":111,"tagName":"p"},{"type":"text","content":"Reported return on average tangible shareholders' equity was 12.31%, or 14.32% on an operating basis(1), for the fourth quarter of 2025.","length":140,"tagName":"p"},{"type":"text","content":"Discussion of Outlook; Bankwell Financial Group Chief Executive Officer, Christopher R. Gruseke:","length":96,"tagName":"p"},{"type":"text","content":""We finished the year in strong fashion, reporting operating net income of $1.36 per share for...