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Bankwell Financial Group, Inc.  (BWFG)
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    Sector  Financial    Industry Regional Banks
 

Bankwell Financial Group Inc's

Competitiveness


 

BWFG Sales vs. its Competitors Q1 2017




Comparing the results to its competitors, Bankwell Financial Group Inc reported Total Revenue increase in the 1 quarter 2017 by 19.67 % year on year.
The sales growth was above Bankwell Financial Group Inc's competitors average revenue growth of 6.34 %, recorded in the same quarter.

List of BWFG Competitors

With net margin of 27.08 % company achieved higher profitability than its competitors.

More on BWFG Margin Comparisons


   
       
 
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Net Income Comparison


Bankwell Financial Group, Inc. Net Income in the 1 quarter 2017 grew year on year by 23.77 %, faster than average growth of Bankwell Financial Group Inc's competitiors of 23.77 %

<<  More on BWFG Income Comparisons
   
     


Bankwell Financial Group Inc's Comment on Competitors and Industry Peers


The financial services industry in our market and the surrounding area is highly competitive. We compete with commercial banks, savings banks, savings associations, money market funds, mortgage brokers, finance companies, credit unions, insurance companies, investment firms and private lenders in various segments of our business. Many of these competitors have more assets, capital and higher lending limits, and more resources than we do and may be able to conduct more intensive and broader-based promotional efforts to reach both commercial and individual customers. Competition for deposit products can depend heavily on pricing because of the ease with which customers can transfer deposits from one institution to another.


We focus our marketing efforts on small to medium-sized businesses, professionals and individuals and their employees. This focus includes retail, service, wholesale distribution, manufacturing and international businesses. We attract these customers based on relationships and contacts that our management and our board of directors have within and beyond the market area. We do not expect to compete with large institutions for the primary banking relationships of large corporations. Rather, we compete for niches in this business segment and for the consumer business of employees of such entities. Many of our larger commercial bank competitors have greater name recognition and offer certain services that we do not. However, we believe that our presence in our primary market area and focus on providing superior service to professionals at small to medium sized businesses and individual employees of such businesses are instrumental to our success.


We emphasize personalized banking services and the advantage of local decision-making in our banking businesses, and this emphasis has been well received by the public in our market area. We derive a majority of our business from our local market area which includes its primary market area of Fairfield and New Haven Counties.



<<  See the full list of BWFG competitors


Competitiveness By Company's Divisions



  

Total Segment Market Share Q1 2017

Total segment sales advanced by 19.67 % Bankwell Financial Group Inc outperformed its competitors in this segment and improved market share, to approx. 0.08 %.

<<  More on BWFG Market Share.
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