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All Bankwell locations will be closed Monday, May 27th in observance of Memorial Day.   

In The News

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Press releases, local and national recognitions, and recent news stories

Bankwell Financial Group Q2'23 Earnings Release 

Bankwell Financial Group, Inc. reports net income of $8.0 million or $1.02 per share for the second quarter of 2023, versus $12.0 million or $1.55 per share for the same period in 2022. Click here to view the official Earnings Release.
 

Bankwell Hires Chief Innovation Officer Ryan Hildebrand

Bankwell announces that Ryan J. Hildebrand has been appointed Executive Vice President in the newly created role of Chief Innovation Officer. Click here to view the official press release. 
 

Bankwell Financial Group Q4'22 Earnings Release 

Bankwell Financial Group, Inc. reports net income of $8.0 million or $1.04 per share for the fourth quarter of 2022, versus $7.8 million or $0.99 per share for the same period in 2021. Click here to view the official Earnings Release.

Bankwell Financial Group Q3'22 Earnings Release 

Bankwell Financial Group, Inc. reports net income of $9.2 million or $1.18 per share for the third quarter of 2022, versus $6.9 million or $0.87 per share for the same period in 2021. Click here to view the official Earnings Release.


Bankwell Financial Group Q2'22 Earnings Release 

Bankwell Financial Group, Inc. reports net income of $12.0 million or $1.55 per share for the second quarter of 2022, versus $6.2 million or $0.79 per share for the same period in 2021. Click here to view the official Earnings Release.


Darryl Demos Elected to the Board of Directors of Bankwell Financial Group, Inc. and Bankwell Bank

Bankwell Financial Group, Inc.’s (the "Company", the holding company for Bankwell Bank, the “Bank”) shareholders elected Darryl Demos to serve as a Director of the Company and the Bank. Click here to view the official press release.

Bankwell Financial Group Q1'22 Earnings Release 

Bankwell Financial Group, Inc. reports net income of $8.2 million or $1.04 per share for the first quarter of 2022, versus $5.7 million or $0.71 per share for the same period in 2021. Click here to view the official Earnings Release.


Bankwell Financial Group Q4'21 Earnings Release 

Bankwell Financial Group, Inc. reports net income of $7.8 million or $0.99 per share for the fourth quarter of 2021, versus $0.3 million or $0.04 per share for the same period in 2020. Click here to view the official Earnings Release.


Bankwell Financial Group Q3'21 Earnings Release

Bankwell Financial Group, Inc. reports net income of $6.9 million or $0.87 per share for the third quarter of 2021, versus $3.0 million or $0.38 per share for the same period in 2020. Click here to view the official Earnings Release.


Bankwell supports the Carver Foundation of Norwalk, the largest provider of before and after school and summer programs in Norwalk.

As a longstanding supporter, Bankwell is proud to donate to the Carver Foundation to support its mission to close opportunity gaps for all children and ensure they graduate on time and ready for college and careers. Click here to view the official press release. 


Bankwell Continues Partnership with Filling in the Blanks

As part of their longstanding partnership, Bankwell is proud to donate to Filling in the Blanks, whose mission is to fight childhood hunger. Click here to view the official press release.


Norwalk Housing Foundation and Bankwell Announce Strategic Partnership to Support College Scholarships for Norwalk Public Housing Residents

Norwalk Housing Foundation, the official public charity of the Norwalk Housing Authority, announces a strategic partnership with Bankwell, a community bank servicing all of Connecticut. This partnership unites two organizations with a mutual purpose to create prosperity for Norwalk public housing residents through education. Click here to view the official press release. 


Bankwell Financial Group Q2'21 Earnings Release

Bankwell Financial Group, Inc. reports net income of $6.2 million or $0.79 per share for the second quarter of 2021, versus $1.2 million or $0.16 per share for the same period in 2020. Click here to view the official Earnings Release. 


Bankwell Financial Group Q1'21 Earnings Release

Bankwell Financial Group, Inc. reports net income of $5.7 million or $0.71 per share for the first quarter of 2021, versus $1.4 million or $0.17 per share for the same period in 2020. Click here to view the official Earnings Release. 


Bankwell Financial Group Q4'20 Earnings Release

Bankwell Financial Group, Inc. reports net income of $0.3 million or $0.04 per share for the fourth quarter of 2020, versus $3.5 million or $0.44 per share for the same period in 2019. Click here to view the official Earnings Release.


Bankwell Financial Group Inc. Announces Resumption of Share Repurchase Program & One Time Charges Associated with Expense Reduction Initiatives

Bankwell Financial Group, Inc. announced today that it will resume its previously authorized share repurchase program. The Company also announced that it will include one-time pre-tax charges of approximately $3.9 million in its Q4 2020 results. Approximately $2.3 million of these charges are estimated to result in future cash expenditures. Click here to view the official press release. 


Bankwell Financial Group Q3'20 Earnings Release

Bankwell Financial Group, Inc. reports net income of $3.0 million or $0.38 per share for the third quarter of 2020, versus $4.1 million or $0.52 per share for the same period in 2019. Click here to view the official Earnings Release.


Bankwell Financial Group Q2'20 Earnings Release

Bankwell Financial Group, Inc. reports net income of $1.2 million or $0.16 per share for the second quarter of 2020, versus $5.6 million or $0.71 per share for the same period in 2019. Click here to view the official Earnings Release.  


Bankwell signs 10-year lease for New Canaan building as its new headquarters

Bankwell signed a 10-year lease for the entirety of the approximately 30,000-square-foot office building, located at 258 Elm Street in New Canaan which will serve as the group’s headquarters. Click here to view the official press release.


Bankwell Financial Group, Inc. to Adjourn Annual Meeting Due to COVID-19 Concerns and Restrictions

Bankwell Financial Group, Inc. announced that it intends to convene and then immediately adjourn its Annual Meeting of Shareholders due to public health concerns and governmental restrictions relating to the COVID-19 pandemic. Click here to view the full press release.


Bankwell Financial Group Q1'20 Earnings Release

Bankwell Financial Group, Inc. reports net income of $1.4 million or $0.17 per share for the first quarter of 2020, versus $5.1 million or $0.65 per share for the same period in 2019. Click here to view the official Earnings Release.


New Chief Banking Officer at Bankwell

Matthew J. McNeill has been appointed to Executive Vice President, Chief Banking Officer at Bankwell, announced Christopher R. Gruseke, President and CEO of Bankwell. Click here to view the official press release.



Bankwell Financial Group Q4'19 Earnings Release

Bankwell Financial Group, Inc. reports net income of $3.5 million or $0.44 per share for the fourth quarter of 2019, versus $3.3 million or $0.41 per share for the same period in 2018. Click here to view the official Earnings Release.


Bankwell Financial Group Q3'19 Earnings Release

Bankwell Financial Group, Inc. reports net income of $4.1 million or $0.52 per share for the third quarter of 2019, versus $4.9 million or $0.62 per share for the same period in 2018. Click here to view the official Earnings Release.


Bankwell Financial Group Q2'19 Earnings Release

Bankwell Financial Group, Inc. reports net income of $5.6 million or $0.71 per share for the second quarter of 2019, versus $4.7 million or $0.60 per share for the same period in 2018. Click here to view the official Earnings Release.


DeWyngaert will retire as EVP, Chief Lending Officer at Bankwell

Heidi DeWyngaert will retire from her role as EVP, Chief Lending Officer at Bankwell, a job she has held for the last fifteen years. Click here for the official press release.



Bankwell Financial Group Q1'19 Earnings Release

Bankwell Financial Group, Inc. reports net income of $5.1 million or $0.65 per share for the first quarter of 2019, versus $4.6 million or $0.59 per share for the same period in 2018. Click here to view the official Earnings Release.



Bankwell Named #1 for Customer Service in Fairfield County at Banking Choice Awards

Following a comprehensive, independent survey of more than 10,000 banking and credit union customers, Bankwell was recognized as #1 in Customer Service in Fairfield County at the Banking Choice Awards on April 19th. Click here for the official Press Release.



Bankwell Financial Group Q1'18 Earnings Release

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. Click here to view the official Earnings release.



Former New Canaan First Selectman Joins Bankwell as Director of Business Development

Robert E. Mallozzi III will join Bankwell on December 4, 2017 as Senior Vice President, Director of Business Development. Click here for the official press release.



Bankwell Named to 2017 Sandler O’Neill + Partners Sm-All Stars List

Just 29 banks nationwide comprise the list, selected from over 400 publicly traded banks and thrifts. Click Here to read more about the Sandler O'Neill + Partners List (pdf)



Fairfield Chamber Presents Bankwell with 2017 “Business of the Year” Award

Click Here to read the Fairfield Chamber Annual Awards 2017 PDF


Bankwell Named One of the "Top 100 Best-Performing Community Banks" Nationwide

Bankwell was the only Connecticut bank to make the Top 100 Community Banking listing. Click here to read more about the top 100 community banking list (PDF)


Fairfield Theatre Company Honors Bankwell as “Corporate Citizen of the Year”

Click here to view the press release (PDF)