Bankwell Q3 net income rises to $12.7 million, EPS $1.58; full-year guidance updated
Bankwell Financial Group reported third-quarter 2026 GAAP net income of $12.7 million, or $1.58 per diluted share, up from $12.4 million, or $1.52 per share, in the second quarter. The results include $3.0 million of core conversion costs, and the company updated its full-year 2026 guidance and declared a $0.20 quarterly dividend.
Key points
- Q3 2026 GAAP net income of $12.7 million ($1.58 diluted EPS) vs. $12.4 million ($1.52) in Q2 2026
- Non-GAAP operating net income of $15.0 million ($1.86 per share) excludes $3.0 million of core conversion costs, primarily contract termination fees
- Net interest margin rose to 3.71% from 3.58% in Q2; nonperforming assets fell to 0.20% of total assets from 0.46%
- $0.20 per share dividend payable November 20, 2026 to holders of record on November 9, 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 October 29, 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.