---
title: "Bankwell Financial Group 10-K: $108.3M Revenue, $4.45 Diluted EPS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/277829402.md"
description: "Bankwell Financial Group reported a total revenue of $108.3 million and diluted earnings per share of $4.45 for the year, driven by higher loan yields and gains on loan sales. Operating income rose to $48.5 million, and net income increased to $35.2 million, reflecting improved asset quality and stronger commercial lending activity. The company also opened a new branch in Brooklyn, New York, and improved its efficiency ratio to 54.1%. Overall, the results indicate significant growth compared to the previous year."
datetime: "2026-03-04T20:35:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/277829402.md)
  - [en](https://longbridge.com/en/news/277829402.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/277829402.md)
---

# Bankwell Financial Group 10-K: $108.3M Revenue, $4.45 Diluted EPS

Bankwell Financial Group reported total revenue of $108.3 million and diluted earnings per share of $4.45 for the year, reflecting higher loan yields and gains on loan sales that drove top-line growth. Improved net interest margin and lower provisions helped lift operating income and net income compared with the prior year. The company's results were supported by stronger commercial lending activity and improved asset quality.

**Financial Highlights**

-   **Total Revenue**: $108.3 million, up from $87.0 million year-over-year, driven by higher loan yields and loan sale gains.
-   **Operating Income (Income before income tax)**: $48.5 million, improved from $13.3 million year-over-year due to revenue growth and lower provision for credit losses.
-   **Net Income**: $35.2 million, versus $9.8 million in the prior year, reflecting higher revenues and a reduced provision for credit losses.
-   **Diluted Earnings Per Share**: $4.45, compared with $1.23 in the prior year.
-   **Net Interest Income**: $98.9 million, up $15.7 million year-over-year; _Net interest margin_: 3.16%, up 46 basis points.

**Business Highlights**

-   **Revenue Growth Drivers**: Growth centered in commercial lending, with higher loan yields and decreased deposit funding costs boosting net revenue and core operating income.
-   **Channel & Product Mix Shift**: Expansion of commercial lending activity, including increases in commercial real estate and commercial business loans; residential mortgage originations remain ceased.
-   **Market Expansion**: Opened a new full-service branch in Brooklyn, New York in Q1 2026 following regulatory approvals, expanding the company's presence in the NYC market.
-   **Operational Efficiency**: Efficiency ratio improved to 54.1% as the operating platform scaled; investments in staffing and recruiting supported strategic initiatives.
-   **Credit & Risk Management**: Asset quality metrics improved with lower nonperforming assets and reduced provisions for credit losses, reflecting active underwriting and proactive portfolio monitoring.

Original SEC Filing: Bankwell Financial Group, Inc. \[ BWFG \] - 10-K - Mar. 04, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [BWFG.US](https://longbridge.com/en/quote/BWFG.US.md)

## Related News & Research

- [Bankwell Financial Group (BWFG) Margin Surge Reinforces Bullish Narratives After FY 2025 Earnings](https://longbridge.com/en/news/274276844.md)
- [Bankwell Financial Group Insider Sold Shares Worth $251,738, According to a Recent SEC Filing](https://longbridge.com/en/news/275654343.md)
- [A Peek at Bankwell Finl Gr's Future Earnings](https://longbridge.com/en/news/274040841.md)
- [Bankwell Financial Group Inc. Chief Courtney E. Sacchetti Reports Sale of Common Shares](https://longbridge.com/en/news/275489391.md)
- [Bankwell Finl Gr Earnings Report: Q4 Overview](https://longbridge.com/en/news/274155041.md)