Last $19.22 USD
Change Today +1.50 / 8.47%
Volume 23.8K
BWFG On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

bankwell financial group inc (BWFG) Snapshot

Open
$18.18
Previous Close
$17.72
Day High
$19.22
Day Low
$17.80
52 Week High
09/26/13 - $22.00
52 Week Low
06/20/14 - $15.91
Market Cap
126.7M
Average Volume 10 Days
12.9K
EPS TTM
--
Shares Outstanding
6.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for BANKWELL FINANCIAL GROUP INC (BWFG)

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bankwell financial group inc (BWFG) Details

Bankwell Financial Group, Inc. operates as the bank holding company Bankwell, a community bank that provides a range of personal and business banking products and services primarily in the Fairfield County, Connecticut. It offers personal banking solutions comprise checking accounts; online and mobile banking, and bill pay services; savings and money market accounts, and certificates of deposits; and personal loans. The company also provides business banking solutions, including business checking accounts; cash management services; online banking and bill pay services; remote deposit capture services; business savings products, business money market accounts, and business certificates of deposit; and commercial loans and mortgages. In addition, it offers mortgages, home equity line of credit, and business lines of credit, as well as debit and credit cards, safe deposit boxes, traveler’s checks, treasurer’s checks, money orders, wire transfers, foreign currency, notary public, medallion signature guarantee, night depository, and U.S. postage stamps. The company operates through a network of five branches and a loan production office. The company was formerly known as BNC Financial Group, Inc. and changed its name to Bankwell Financial Group, Inc. in September 2013. Bankwell Financial Group, Inc. is based in New Canaan, Connecticut.

107 Employees
Last Reported Date: 08/15/14

bankwell financial group inc (BWFG) Top Compensated Officers

Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $212.0K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $188.3K
Chief Lending Officer, Executive Vice Preside...
Total Annual Compensation: $239.6K
Compensation as of Fiscal Year 2013.

bankwell financial group inc (BWFG) Key Developments

Bankwell Financial Group Appoints Michael Brandt to Board of Directors

The Board of Directors of Bankwell Financial Group has announced that Wilton resident Michael Brandt joined the Company's Board on September 3, 2014. Mr. Brandt is Senior Vice President and Chief Financial Officer at Prudential Retirement, a Hartford-based division of Prudential Financial, a leading insurance, investment and asset management services provider. Mr. Brandt has held a number of senior finance and operations roles in global operating businesses. He was previously Senior Managing Director and Chief Financial Officer at GE Capital Commercial Finance and Region Head and Chief Operating Officer, Americas at Babcock & Brown, an Australia based alternative asset originator and fund manager.

Bankwell Financial Group, Inc. Announces Management Changes

Bankwell Financial Group, Inc. announced that Peyton R. Patterson has resigned from her positions as chief executive officer, president and board member, effective immediately. Chairman Blake S. Drexler has been appointed executive chairman by the Board of Directors and will assume Ms. Patterson's responsibilities. The board has formed a search committee to identify a qualified candidate to serve as chief executive officer. The board will consider internal and external candidates for the role. Once the search is complete, Mr. Drexler will return to his former role of non-executive chairman.

Bankwell Financial Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Bankwell Financial Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's total interest income was $8,044,000 compared to $6,901,000 a year ago. Net interest income was $7,148,000 compared to $6,248,000 a year ago. Net interest income after provision for loan losses was $7,078,000 compared to $5,996,000 a year ago. The strong improvement in net interest income was fueled by record loans outstanding and a year-to-date net interest margin of 3.82%. Income before income tax expense was $1,863,000 compared to $2,389,000 a year ago. Net income was $1,227,000 compared to $1,468,000 a year ago. Earnings per common share - diluted was $0.23 compared to $0.42 a year ago. Core earnings was $1,307,000 compared to $1,064,000 a year ago. Return on average assets was 0.58% compared to 0.90% a year ago. Return on average stockholders' equity was 5.46% compared to 9.71% a year ago. Tangible book value per common share was $16.32 compared to $14.85 a year ago. Book Value per share were 11.73% and $16.32, respectively. For the six months, the company's total interest income was $15,905,000 compared to $13,577,000 a year ago. Net interest income was $14,294,000 compared to $12,333,000 a year ago. Net interest income after provision for loan losses was $14,012,000 compared to $11,891,000 a year ago. Income before income tax expense was $3,525,000 compared to $3,970,000 a year ago. Net income was $2,350,000 compared to $2,480,000 a year ago. Earnings per common share - diluted was $0.51 compared to $0.72 a year ago.

 

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