Bankwell Financial Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 26, 2023 at 05:17 pm
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Bankwell Financial Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 23.99 million compared to USD 23.82 million a year ago. Net income was USD 7.98 million compared to USD 12.02 million a year ago. Basic earnings per share from continuing operations was USD 1.02 compared to USD 1.56 a year ago. Diluted earnings per share from continuing operations was USD 1.02 compared to USD 1.55 a year ago.
For the six months, net interest income was USD 49.53 million compared to USD 43.33 million a year ago. Net income was USD 18.36 million compared to USD 20.23 million a year ago. Basic earnings per share from continuing operations was USD 2.36 compared to USD 2.61 a year ago. Diluted earnings per share from continuing operations was USD 2.34 compared to USD 2.58 a year ago.
Bankwell Financial Group, Inc. is a bank holding company. The Company offers a range of financial services through its banking subsidiary, Bankwell Bank (the Bank). The Bank is a Connecticut state chartered commercial bank. The Bank's commercial lending products include owner-occupied commercial real estate loans, commercial real estate investment loans, commercial loans (such as business term loans, equipment financing and lines of credit) to small and medium-sized businesses and real estate construction and development loans. Its depository products include checking, savings, money market and certificates of deposit at a variety of rates. The Bank operates nine branches in New Canaan, Stamford, Fairfield, Westport, Darien, Norwalk, and Hamden, Connecticut. The Bank provides a range of services to clients in its market, an area encompassing approximately a 100-mile radius around its branch network.
BANKWELL FINANCIAL GROUP, INC. 
