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Bankwell Financial Group Inc - BWFG STOCK NEWS

Welcome to our dedicated news page for Bankwell Financial Group (Ticker: BWFG), a resource for investors and traders seeking the latest updates and insights on Bankwell Financial Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bankwell Financial Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Bankwell Financial Group's position in the market.

News
Bankwell Financial Group Reports Operating Results for the First Quarter and Declares Second Quarter Dividend
Rhea-AI Summary
Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $3.8 million, or $0.48 per share for the first quarter of 2024, a decrease from $10.4 million, or $1.33 per share, in the same period in 2023. The company declared a $0.20 per share cash dividend. Net interest margin, total loans, and deposits saw changes. The company reaffirmed guidance on non-interest expenses for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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dividends earnings
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News
Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2023; Declares First Quarter Dividend
Rhea-AI Summary
Bankwell Financial Group, Inc. (BWFG) reported a GAAP net income of $8.5 million, or $1.09 per share for Q4 2023, versus $8.0 million, or $1.04 per share, for the same period in 2022. For the year ended 2023, net income totaled $36.7 million, or $4.67 per share, versus $37.4 million, or $4.79 per share, for the same period in 2022. The Board of Directors declared a $0.20 per share cash dividend. Tangible Book Value grew to $33.39 per share, representing a 15% Compounded Annual Growth Rate since December 31, 2020. The company anticipates low single-digit loan growth in 2024. Noninterest expense is estimated at $53 to $54 million, or approximately 1.65% of Average Assets. The Net Interest Margin is anticipated to trough in 3Q at approximately 250 to 260 basis points.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
dividends earnings
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News
Bankwell Financial Group Reports Operating Results for the Third Quarter and Declares Fourth Quarter Dividend
Rhea-AI Summary
Bankwell Financial Group reports Q3 2023 net income of $9.8 million and declares $0.20 per share cash dividend. Total gross loans grow by $94.7 million. Return on average assets is 1.19% for the quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.21%
Tags
dividends earnings
News
KBRA Releases Surveillance Report for Bankwell Financial Group, Inc.
Rhea-AI Summary
KBRA downgraded ratings for Bankwell Financial Group, Inc. and its subsidiary Bankwell Bank. Senior unsecured debt rating for Bankwell Financial Group downgraded to BBB- from BBB, while subordinated debt rating downgraded to BB+ from BBB-. Deposit and senior unsecured debt ratings for Bankwell Bank downgraded to BBB from BBB+, subordinated debt rating downgraded to BBB- from BBB, and short-term deposit and debt ratings downgraded to K3 from K2. Outlook for all long-term ratings is Stable.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.99%
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none
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News
Bankwell Financial Group Reports Operating Results for the Second Quarter and Declares Third Quarter Dividend
Rhea-AI Summary
Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $8.0 million, or $1.02 per share for the second quarter of 2023, versus $12.0 million, or $1.55 per share, for the same period in 2022. The Company's Board of Directors declared a $0.20 per share cash dividend, payable August 24, 2023 to shareholders of record on August 14, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
dividends earnings
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News
Bankwell Hires Chief Innovation Officer
Rhea-AI Summary
Bankwell Financial Group appoints Ryan J. Hildebrand as Chief Innovation Officer to oversee growth strategies through innovation and technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.01%
Tags
management
News
Bankwell Financial Group Reports Operating Results for the First Quarter and Declares Second Quarter Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.6%
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dividends
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News
Jeffrey Dunne Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
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management
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News
Bankwell Financial Group Reports Record Loan Growth for the Fourth Quarter and Full Year 2022; Declares First Quarter Dividend
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.1%
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dividends
News
Bankwell Announces New CFO
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
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Stock BWFG logo
Bankwell Financial Group Inc

Nasdaq:BWFG

BWFG Rankings

#3799 Ranked by Market Cap
#3467 Ranked by Stock Gains
#1031 Ranked by Dividends

BWFG Stock Data

191.25M
5.89M
17.58%
46.42%
1.18%
Commercial Banking
Finance and Insurance
Link
US
New Canaan

About BWFG

bankwell financial group, inc. is the connecticut-based bank holding company that has the bank, bankwell. as its subsidiary. the bank serves the banking and lending needs of businesses and consumers throughout connecticut. the company's stock symbol is bwfg.