Bankwell Financial Group, Inc. · NASDAQ:BWFG
Bankwell Financial — Q2 2017 Earnings Presentation
16 slides from Bankwell Financial's earnings presentation, Jul 31, 2017
Slide 1: Bankwell Financial Group 2Q'17 Investor Presentation
Bankwell Financial Group2Q’17 Investor Presentation
Slide 2: Safe Harbor
Safe Harbor This presentation may contain certain forward-looking statements about the Company. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include word
Slide 3: Bankwell Profile
Bankwell Profile $1.76B asset Connecticut-based bank with key focus on CRE and C&I lending9 existing branches in Fairfield & New Haven Counties… actively pursuing core market expansionContinued strong performance in 2Q’17:10.0% Return on Equity YTD0.90% Return on Avg Assets YTD$19.89 Tangible Book V
Slide 4: Bankwell: A Growth Story
Bankwell : A Growth Story Bankwell is one of the fastest growing and most profitable community banks in Connecticut. Named “One of the Top 100 Community Banks Under $10 billion" in 20161 1 March 21, 2017 report issued by S&P Global Market Intelligence 2016 $1,628,919 Strengthened executive, credit,
Slide 5: Why Bankwell?
Why Bankwell? Consistently strong performer in highly attractive markets
Slide 6: Management Team
Management Team Name Years Experience Selected Professional Biography At Bankwell Christopher GrusekePresident & CEO(since 2015) 25+ Founding investor of Bankwell’s precursor, Bank of New Canaan, member of BoD and ALCO Committee 2009 to 201220 year Investment Banking career focused on financial inst
Slide 7: Financial Performance Trends
Financial Performance Trends $MMs Year-to-date ROE of 10%Efficiently generating strong revenue & net income growth Net IncomeCAGR 45% RevenueCAGR 21%
Slide 8: Financial Highlights
Financial Highlights Dollars in thousands, except per share data 2014 2015 2016 1Q’17 2Q’17 Total assets $1,099,531 $1,330,372 $1,628,919 $1,672,242 $1,755,805 Loans, net $915,981 $1,129,748 $1,343,895 $1,406,407 $1,463,240 Loans to deposits 110.7% 109.1% 105.6% 107.2% 104.8% Efficiency ratio 68.7%
Slide 9: 2Q'17 Highlights
2Q’17 Highlights Record net income of $3.8MM, or $0.49 per share for the 2Q’17, versus $2.9MM or $0.38 per share for the same period in 2016The Company's Board of Directors declared a $0.07 per share cash dividendPerformance driven by strong organic loan growthGross Loans increased $120MM from year-
Slide 10: Consolidated Statement of Income
Consolidated Statement of Income 2Q’17 1Q’17 2Q’16Total Interest Income $17.7 $16.4 $14.7Total Interest Expense $4.0 $3.5 $2.8Net Interest Income $13.6 $12.9 $11.9Provision for Loan Losses $0.9 $0.5 $1.3Net Interest Income after Provision $12.7 $12.4 $10.6Non Interest Income $1.0 $1.3 $0.9Non Intere
Slide 11: Loan Portfolio
Loan Portfolio CAGR 21% $1,429 $MMs $1,486
Slide 12: Loan Portfolio Concentration
Loan Portfolio Concentration Commercial Real Estate Total Loan Portfolio Consumer/ Other 1 1 Includes Owner Occupied CRE June 2017 Product & Property Type Diversification Ongoing stratification and in-depth monitoring of concentration limits
Slide 13: Loan Portfolio Concentration: CRE
Loan Portfolio Concentration: CRE Geography Distribution Measured Approach To ExpansionFollowing Existing Customers To New Locations Acquired The Wilton Bank.Acquired Quinnipiac Bank & Trust. (1) (2) CRE to Risk Based Capital Ratio Proven track record as CRE LenderStrong risk management practices in
Slide 14: Asset Quality
Asset Quality 1 Negative values represent Net Recoveries2 Non-performing Assets to tangible equity and loan loss reserves NPL to Total Loans Texas Ratio 2 NPL $3.36 $3.79 $2.94 $5.30Net Charge Offs $(0.33) $(0.08) $0.10 $(0.17) $MMs 1 Allowance for Loan Loss NPA to Total Assets Uncompromising focus
Slide 15: Deposits and 2017 Priorities
Deposits CAGR 23% $MMs $835 $1,047 $1,289 $1,327 $1,414 2017 Priorities Investment in footprint expansion & deposit technologyImprove deposit mixSpecific focus on reducing on-balance sheet Wholesale funding1 as a % of assets 1 Wholesale funding comprised of Listed Time Deposits, Brokered Time Deposi
Slide 16: Thank You & Questions
Ke Thank You & Questions
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