Bankwell Financial's Q2 net income rises to $9.1 mln

Bankwell Financial

28/07/2025 12:12

Overview

Bankwell Financial Q2 revenue beats analyst expectations, driven by reduced funding costs

Net income for Q2 rises to $9.1 mln, reflecting improved profitability

Company declares $0.20 per share dividend, updates 2025 guidance for income growth

Outlook

Bankwell updates 2025 net interest income guidance to $97 - $98 mln

Company reiterates 2025 noninterest income guidance of $7 - $8 mln

Bankwell increases 2025 noninterest expense guidance to $58 - $59 mln

Company anticipates deposit growth boost from new banking teams in 2026

Result Drivers

NET INTEREST MARGIN - Increased to 3.10% due to improved funding costs and strategic repricing of deposits

SBA LOAN GROWTH - SBA loan originations contributed to $24 mln net loan growth and $1.5 mln in non-interest income

DEPOSIT STRATEGY - Addition of five deposit-focused private banking teams expected to boost deposit growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$25.95 mln
$24.30 mln (3 Analysts)
Q2 EPS
$1.15
Q2 Net Income
$9.10 mln
Q2 Net Interest Income
$23.94 mln
Q2 Net Interest Margin
3.1%


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for Bankwell Financial Group Inc is $40.25, about 7.1% above its July 25 closing price of $37.39

The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 8 three months ago

Press Release: ID:nBw8hg5rRa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)