Bankwell Q1 net income rises to $11.3 million; raises non-interest income guidance
Bankwell Financial Group reported GAAP net income of $11.3 million, or $1.41 per diluted share, for the first quarter of 2026, up from $9.1 million, or $1.15 per share, in the fourth quarter of 2025. It raised its 2026 non-interest income guidance to $12 to $13 million, affirmed its non-interest expense and net interest income guidance, and declared a $0.20 quarterly dividend. Net interest margin fell to 3.28% from 3.40%, and nonperforming loans rose to $19.0 million, figures shareholders may weigh alongside the higher earnings.
Key points
- Net income of $11.3 million and diluted EPS of $1.41 for Q1 2026, versus $9.1 million and $1.15 in Q4 2025
- Non-interest income guidance raised to $12 to $13 million; non-interest expense guidance of $64 to $65 million for 2026 affirmed
- Net interest margin of 3.28% versus 3.40% in Q4 2025; nonperforming loans increased $2.7 million to $19.0 million
- $0.20 per share dividend payable May 19, 2026 to shareholders of record on May 8, 2026
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.