Bankwell Financial Group, Inc.'s filings document the holding company's ownership of Bankwell Bank and recurring disclosures for a commercial banking issuer. Form 8-K reports furnish quarterly results of operations and financial condition, Regulation FD presentation materials, and trends in profitability, loan growth, deposits, funding costs, net interest margin, credit quality and SBA lending activity.
Definitive proxy materials cover annual meeting governance, director matters, executive compensation, equity awards and shareholder voting items. The filings also record the company's Connecticut incorporation, public-company identifiers, furnished earnings releases and exhibits used to report financial results and presentation materials.
Bankwell Financial Group, Inc. (BWFG) reported third-quarter 2026 net income of $12.7 million, compared with $10.1 million a year earlier; for the nine months ended September 30, 2026, net income was $36.4 million versus $26.1 million. Revenue was $35.3 million for the quarter and $98.3 million for the nine-month period, compared with $28.5 million and $78.0 million, respectively, in 2025.
Management attributed the revenue increases to lower deposit interest expense and higher gains from loan sales. The company recorded a $1.3 million credit for credit losses in the quarter, compared with a $0.4 million provision in 2025. At September 30, 2026, assets totaled $3,555.3 million, loans receivable, net totaled $2,947.7 million, and deposits totaled $2,967.7 million.
The company repaid in full its $35.0 million 2021 subordinated note on October 14, 2026. On October 28, 2026, its board declared a $0.20-per-share cash dividend, payable November 20, 2026, to shareholders of record November 9, 2026.
Bankwell Financial Group, Inc. (BWFG) reported third-quarter 2026 GAAP net income of $12.7 million, or $1.58 per diluted share, compared with $10.1 million and $1.26 per diluted share in the third quarter of 2025. Revenue was $35.3 million versus $28.5 million a year earlier. Net interest margin was 3.71%, compared with 3.58% in the second quarter of 2026. Results included $3.0 million of core-conversion noninterest expense; non-GAAP operating net income was $15.0 million, or $1.86 per diluted share.
At September 30, 2026, nonperforming assets were 0.20% of total assets, versus 0.46% at June 30, 2026. Gross loans totaled $3.0 billion, up $142.6 million, or 5.0%, from December 31, 2025. The board declared a $0.20-per-share cash dividend, payable November 20, 2026, to shareholders of record November 9, 2026.
Updated full-year 2026 guidance calls for net interest income of $119 million to $121 million and noninterest income of $14 million to $15 million. Loan growth remains projected at 5% to 7%, and noninterest expense at $65 million to $67 million, excluding conversion costs. Additional conversion-related costs are expected in future quarters; termination-related costs that elevated third-quarter expenses are not expected to recur.
Bankwell Financial Group, Inc. (BWFG) is the issuer whose common stock BlackRock, Inc. reports beneficially owning 383,453 shares, equal to 4.8% of the class. BlackRock reports sole voting power over 372,003 shares and sole dispositive power over 383,453 shares, with zero shared voting or dispositive power. The reported holdings reflect certain BlackRock business units and exclude securities, if any, beneficially owned by other business units whose holdings are separately disaggregated.
Bankwell Financial Group, Inc. (BWFG) director and ten percent owner Lawrence B. Seidman reported multiple open-market purchases of common stock on September 8, 2026, totaling 5,266 shares at prices in the mid-$60s per share, all reported as indirect ownership.
The purchases were made through several affiliated entities and a Deferred Compensation Plan, with post-transaction indirect holdings including 5,110 shares in the Deferred Compensation Plan, 225,640 shares by Seidman and Associates, L.L.C., and additional six-figure positions in other Seidman-related partnerships and LLCs. No Rule 10b5-1 trading plan is reported.
Bankwell Financial Group, Inc. (BWFG) director Eric J. Dale reported purchasing 530 shares of common stock on September 8, 2026 at $67.11 per share through a Deferred Compensation Plan, bringing his indirectly held stake in that plan to 43,026 shares of common stock.
Separate holding entries describe multiple restricted stock awards previously granted under the 2022 Bankwell Financial Group, Inc. Stock Plan, with portions vesting annually through February 2029.
Bankwell Financial Group, Inc. (BWFG) director Jeffrey R. Dunne reported purchasing 261 shares of common stock on September 8, 2026 at $67.11 per share through a Deferred Compensation Plan, bringing his indirect holdings in that plan to 6,381 shares of common stock. The filing also lists several outstanding restricted stock awards granted under the 2022 stock plan with scheduled vesting dates through February 2029. No transactions were reported under a Rule 10b5-1 trading plan.
Bankwell Financial Group, Inc. (BWFG) director Blake S. Drexler reported an open‑market purchase of 116 shares of common stock on September 8, 2026 at $67.11 per share through a Deferred Compensation Plan, bringing that indirect plan holding to 37,049 shares. Additional reported positions include 1,128 shares held indirectly via an IRA‑401(k) and 58,224 shares held by family members over which he exercises effective control. Multiple restricted stock grants from 2022–2026 under company stock plans are disclosed with detailed vesting schedules, some of which have partially vested as of the filing date. No Rule 10b5‑1 trading plan is reported.
Bankwell Financial Group, Inc. (BWFG) director Carl M. Porto reported an open-market-style purchase of 327 shares of common stock on September 8, 2026 at $67.11 per share, acquired indirectly through a Deferred Compensation Plan, bringing that plan’s reported holdings to 22,397 shares. He also reports indirect ownership of 4,303 shares through a Law Firm Pension Plan and multiple grants of restricted stock that vest in annual installments under the company’s 2012 and 2022 Stock Plans.
No Rule 10b5-1 trading plan is indicated for this transaction.
Bankwell Financial Group, Inc. (BWFG) director Lawrence B. Seidman reported multiple open‑market purchases of common stock on August 25, 2026, totaling 2,540 shares at prices between $65.89 and $66.01, all held indirectly through affiliated entities including Seidman and Associates, L.L.C., several investment partnerships and L.L.C.s, and Chewy Gooey Cookies, L.P. Indirect holdings reported after these trades include, for example, 223,684 shares via Seidman and Associates, L.L.C. and 178,352 shares via Seidman Investment Partnership II, L.P., plus 4,844 shares held through a Deferred Compensation Plan. Footnotes also describe previously granted restricted stock awards (1,455; 1,800; and two grants of 1,600 shares) that vest in annual installments through 2029. The Rule 10b5‑1 checkbox is not marked as being used for these transactions.
Bankwell Financial Group, Inc. director Lawrence B. Seidman reported multiple open-market purchases of Common Stock on August 7, 2026, totaling 10,000 shares at prices around the mid-$60s per share. All purchases were made indirectly through affiliated entities, including Seidman and Associates, L.L.C., several investment partnerships, and other LLCs and LPs. Following these transactions, reported indirect holdings include 222,690 shares at Seidman and Associates, L.L.C. and 4,844 shares in a Deferred Compensation Plan. Footnotes also describe previously granted restricted stock awards under Bankwell’s stock plans with staggered vesting dates through 2029.