Bankwell Financial Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income of $11,016,000 compared to $7,394,000 a year ago. Net interest income was $9,771,000 compared to $6,599,000 a year ago. Income before income tax expense was $956,000 compared to $1,276,000 a year ago. Net income was $727,000 compared to $1,362,000 a year ago. Net income attributable to common shareholders was $693,000 or $0.10 per diluted share compared to $1,301,000 or $0.34 per diluted share a year ago. Non-GAAP core earnings were $1,646,000 compared to $586,000 a year ago. Return on average assets was 0.28% compared to 0.72% a year ago. Return on average stockholders' equity was 2.26% compared to 7.02% a year ago.

For the year, the company reported total interest income of $35,589,000 compared to $28,092,000 a year ago. Net interest income was $31,660,000 compared to $25,327,000 a year ago. Income before income tax expense was $6,737,000 compared to $7,345,000 a year ago. Net income was $4,568,000 compared to $5,161,000 a year ago. Net income attributable to common shareholders was $4,377,000 or $0.78 per diluted share compared to $4,961,000 or $1.44 per diluted share a year ago. Non-GAAP core earnings were $5,757,000 compared to $4,000,000 a year ago. Return on average assets was 0.52% compared to 0.77% a year ago. Return on average stockholders' equity was 4.66% compared to 8.17% a year ago. Tangible book value per common share as on December 31, 2015 was $16.36 compared to $15.46 a year ago.