Bankwell Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 27, 2020 at 04:29 pm EST
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Bankwell Financial Group, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net interest income was USD 12.882 million compared to USD 14.467 million a year ago. Net income was USD 3.472 million compared to USD 3.261 million a year ago. Basic earnings per share was USD 0.44 compared to USD 0.42 a year ago. Diluted earnings per share was USD 0.44 compared to USD 0.41 a year ago. For the full year, net interest income was USD 53.761 million compared to USD 56.326 million a year ago. Net income was USD 18.216 million compared to USD 17.433 million a year ago. Basic earnings per share was USD 2.32 compared to USD 2.23 a year ago. Diluted earnings per share was USD 2.31 compared to USD 2.21 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. 
