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Bankwell Financial Group Inc   (BWFG)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $24.3100 $-0.31 -1.259%
Day's High: $24.45 Week Perf: 2.06 %
Day's Low: $ 24.20 30 Day Perf: 1.84 %
Volume (M): 9 52 Wk High: $ 30.83
Volume (M$): $ 207 52 Wk Avg: $25.85
Open: $24.23 52 Wk Low: $22.47



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 123
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) 26
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 1

Bankwell Financial Group Inc

Bankwell Financial Group, Inc. is a bank holding company, headquartered in New Canaan, Connecticut and offers a broad range of financial services through our banking subsidiary, Bankwell Bank (the Bank), a Connecticut state non-member bank founded in 2002. Our primary market is the greater Fairfield and New Haven County, Connecticut area, which we serve from our main banking office located in New Canaan, Connecticut and eight other branch offices located throughout the Fairfield and New Haven County area.

We are committed to being the premier “Hometown” bank in Fairfield and New Haven Counties and surrounding areas. We believe that our market exhibits highly attractive demographic attributes and presents favorable competitive dynamics, thereby offering long-term opportunities for growth. We have a history of building long-term customer relationships and attracting new customers through what we believe is our superior customer service and our ability to deliver a diverse product offering. In addition, we believe that our strong capital position and extensive local ownership, coupled with a highly respected and experienced executive management team and board of directors, give us credibility with our customers and potential customers in our market. Our focus is on building a franchise with meaningful market share and consistent revenue growth complemented by operational efficiencies that we believe will produce attractive risk-adjusted returns for our shareholders.

Responsive, Customer-Centric Products and Services and a Community Focus. We offer a broad array of products and services which we customize to allow us to focus on building long-term relationships with our customers through high-quality, responsive and personal customer service. By focusing on the entire customer relationship, we build the trust of our customers which leads to long-term relationships and generates our organic growth. In addition, we are committed to meeting the needs of the communities that we serve. Our employees are involved in many civic and community organizations which we support through sponsorships. As a result, customers and potential customers within our market know about us and frequently interact with our employees which allows us to develop long-term customer relationships without extensive advertising.

Strategic Acquisitions. To complement our organic growth, we focus on strategic acquisitions in or around our existing markets that further our objectives. We believe there are banking institutions that continue to face credit challenges, capital constraints and liquidity issues and that lack the scale and management expertise to manage the increasing regulatory burden and will likely need to partner with an institution like ours. As we evaluate potential acquisitions, we will continue to seek acquisitions that provide meaningful financial benefits, long-term organic growth opportunities and expense reductions, without compromising our risk profile.

Utilization of Efficient and Scalable Infrastructure. We employ a systematic and calculated approach to increasing our profitability and improving our efficiencies. We continually upgrade our operating infrastructure particularly in the areas of technology, data processing, compliance and personnel. We believe that our scalable infrastructure provides us with an efficient operating platform from which to grow in the near term, and without incurring significant incremental noninterest expenses, while continuing to deliver our high-quality, responsive customer service, which will enhance our ability to grow and increase our returns.

Disciplined Focus on Risk Management. Effective risk management is a key component of our strong corporate culture. We use our strong risk management process to monitor our existing loan and investment securities portfolios, support operational decision-making and improve our ability to generate earning assets with strong credit quality. To maintain our strong credit quality, we use a comprehensive underwriting process and we seek to maintain a diversified loan portfolio and a conservative investment securities portfolio. Board-approved policies contain approval authorities, as appropriate, and are reviewed at least annually. We have a Risk Management Steering Committee comprised of executive officers who oversee new business initiatives and other activities that warrant oversight of risk and related mitigants. Internal review procedures are performed regarding anti-money laundering and consumer compliance requirements. Our Chief Risk Officer reports directly to the Chair of our Audit Committee.



   Company Address: 258 Elm Street New Canaan 6840 CT
   Company Phone Number: 652-0166   Stock Exchange / Ticker: NASDAQ BWFG
   


Customers Net Income grew by BWFG's Customers Net Profit Margin grew to

74.19 %

15.09 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BK   -4.48%    
BPOP   -0.91%    
CFG   -0.9%    
FCNCA   -2.33%    
FITB   -1.12%    
NTRS   -1.37%    
• View Complete Report
   



Bankwell Financial Group Inc

Regional Banks Face -4.303% Revenue Contraction in Fourth Quarter of 2023

The recently released financial results for Bankwell Financial Group Inc show a mixed bag of performance indicators for the fiscal period closing December 31, 2023. While there were some positives such as an increase in revenue to $98.44 million and a net profit of $36.66 million, there were also concerning declines in key metrics.
One of the most notable declines was in earnings per share (EPS), which plummeted by -67.05% to $1.20 per share compared to $3.65 in the previous year. This significant drop in EPS can be attributed to a decrease in net profits, which fell by -30.68% to $18.301 million from $26.402 million in the corresponding period a year before. Additionally, operating earnings decreased by -29.16% to $24.321 million, resulting in a lower operating margin of 49.24%.

Bankwell Financial Group Inc

Bankwell Financial Group Inc Struggles in Q2 2023 with Sharp Drop in EPS and Weak Sales



As a seasoned financial analyst, I am closely monitoring the latest financial reports of Bankwell Financial Group Inc in the fiscal second quarter of 2023. Unfortunately, the report unveils softer top and bottom-line performance, with earnings per share falling by -34.19% and revenue declining by -13.653% year on year. These results are indicative of challenges that the company faces in today's dynamic market environment.
Revenue and EPS Decline:
The fiscal second quarter of 2023 portrayed a disappointing picture, with revenue dropping from $26.42 million to $22.81 million, marking a -13.653% decline compared to the previous year. Similarly, the earnings per share (EPS) plummeted from $1.55 to $1.02, signifying a significant -34.19% decrease from the same interval a year before. These figures are certainly concerning for both existing shareholders and prospective investors.

Bankwell Financial Group Inc

Bankwell Financial Group Inc. Reports Significantly Improved Results in First Quarter, January to March 2023

Investors in Bankwell Financial Group Inc. should approach the stock with caution following the recent announcement of its first-quarter results.
Although the company achieved a return on average invested assets (ROI) of 2.72%, this is significantly lower than its average return on investment of 7.15%. In addition, ROI decreased relative to the period ending December 31, 2022, due to a decline in net income.






 

Bankwell Financial Group Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Bankwell Financial Group Inc does not provide revenue guidance.

Earnings Outlook
Bankwell Financial Group Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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