Brief: Bankwell Financial Q1 Net Income $4.6 Million

Bankwell Financial

26/04/2018 24:51

April 25 (Reuters) - Bankwell Financial Group Inc  BWFG.O :
    * BANKWELL FINANCIAL GROUP REPORTS FIRST QUARTER NET INCOME
OF
$4.6 MILLION OR $0.59 PER SHARE, REPRESENTING 24% YEAR OVER YEAR
GROWTH AND DECLARES SECOND QUARTER DIVIDEND
    * Q1 GAAP EARNINGS PER SHARE $0.59
    * Q1 REVENUE ROSE 6 PERCENT TO $15 MILLION
    * BOARD OF DIRECTORS DECLARED A $0.12 PER SHARE CASH
DIVIDEND
    * TANGIBLE BOOK VALUE PER COMMON SHARE AT MARCH 31, 2018 WAS
$21.12
    * TOTAL GROSS LOANS APPROACHED $1.6 BILLION FOR Q1 OF 2018
    * QTRLY NET INTEREST INCOME WAS $13.7 MILLION, AN INCREASE
OF 6%
COMPARED TO QUARTER ENDED MARCH 31, 2017

Source text for Eikon:  ID:nBw6dlwdFa 
Further company coverage:  BWFG.O 

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