---
title: "Bankwell Financial Group 1Q 2026: Revenue $780K, Net income $11.28M, EPS $1.41— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285413395.md"
description: "Bankwell Financial Group reported a strong first quarter for 2026, with revenue of $780K, a 29.6% increase from the previous year, and net income of $11.28M, up 63.7%. The diluted EPS rose to $1.41, a 62.1% increase. The growth was driven by higher earning asset yields and loan sales. The company also saw a shift in deposit mix towards money market accounts, enhancing liquidity. Headcount increased to support strategic initiatives, while improved risk frameworks reduced provision needs."
datetime: "2026-05-06T16:51:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285413395.md)
  - [en](https://longbridge.com/en/news/285413395.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285413395.md)
---

# Bankwell Financial Group 1Q 2026: Revenue $780K, Net income $11.28M, EPS $1.41— 10-Q Summary

Bankwell Financial Group reported first-quarter 2026 results with higher revenue and notably improved profitability versus the year-ago quarter, driven by stronger earning asset yields and gains on loan sales.

**Financial Highlights**

Metric

Current quarter

Prior year quarter

YoY change

Revenue¹

$780K

$602K

29.6%

Net income²

$11.28M

$6.89M

63.7%

Diluted EPS³

$1.41

$0.87

62.1%

_¹ Reported as “Service charges and fees”. ² Reported as “Net income”. ³ Reported as “Earnings Per Common Share”._

**Business Highlights**

-   Revenue growth to $30.2M for the quarter (company commentary) was supported by higher earning asset yields and gains on loan sales.
-   Deposit mix shifted toward money market and noninterest demand accounts, increasing core liquidity and client deposits.
-   Continued focus on serving small and mid-size businesses and retail clients within roughly 100 miles, with selective commercial expansion beyond core markets.
-   Headcount increased to support strategic initiatives, contributing to higher salary expense but expanding operational capacity.
-   Enhanced risk frameworks and monitoring reduced provision needs, with proactive loan portfolio reviews and targeted commercial real estate oversight.

Original SEC Filing: Bankwell Financial Group, Inc. \[ BWFG \] - 10-Q - May. 06, 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.

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