Short answer
Bankwell Financial Group, Inc. (BWFG) filed its Q1 2026 10-Q quarterly report on May 6, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $780,000 (up 29.6% year over year) with net income of $11M.
Q1 2026 key financials · XBRL
- Revenue
- $780,000
- +29.6% YoY
- Net income
- $11M
- +63.7% YoY
- EPS (diluted)
- $1.41
- +62.1% YoY
Source: XBRL data from the Bankwell Financial Group, Inc. (BWFG) Q1 2026 10-Q on SEC EDGAR. USD.
Bankwell Financial Group, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $30.2M, up $6.6M from $23.6M YoY, driven by lower interest expense and higher loan-sale gains
- Net interest margin 3.28% vs 2.81% YoY; return on assets 1.35% vs 0.86%
- Commercial business loans best performer, up $78.0M; commercial real estate declined $34.4M
- Deposits increased $55.8M to $2.9B; gross loans rose $26.5M to $2.9B
- Credit headwinds: nonaccrual loans $19.0M vs $16.3M, while management cited economic and commercial real estate risks
Risk Factors
- No material changes to 2025 Form 10-K risk factors
- Regulatory compliance risk: Repurchases must comply with Securities Exchange Act Rules 10b-18 and 10b5-1
- Capital allocation risk: Repurchases funded from cash on hand
- Market risk: Repurchase timing, price, and volume depend on market conditions
- Financial risk: Remaining authorization for 202,133 shares under the repurchase plan
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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