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

EARNINGS REPORT by CSIMarket

Strong Eps Underlines Double Digits Revenues Growth


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Bankwell Financial Group, Inc announced forth quarter 2016 operating income of $9.517 millions



For the forth quarter 2016 eps advanced by 25.93 % to $0.44 per share, followed by Revenue increase of 10.59 % to $13 millions, compared with the prior year period.

From third quarter 2016, income improved by 6.98 % from $0.41 per share and Revenues advanced by 7.32 % from $12 millions.

Net income of $3 millions in the forth quarter 2016 increased by 29.1 % from net earnings of $3 millions reported in the forth quarter 2016 a year ago. Bankwell Financial Group, Inc also emphasized it's improving profit margins, where net margin rose to 25.68% in forth quarter 2016, and operating margin edged up to 73.54%.
Looking into financial results for the fiscal year 2016, Bankwell Financial Group, Inc reported Revenues of $48 millions and net income of $12 millions.

Regional Banks Company explained also, that Earnings per share grew by 33.88 % to $1.62 per share from $1.21 in the previous fiscal year, while Revenues advanced by 11.18 % from $43 millions a year ago.

Bankwell Financial Group, Inc is expected to report next financial results on February 02, 2018.
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