Bankwell Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 03:04 am IST
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Bankwell Financial Group, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 14.304 million compared to USD 12.882 million a year ago. Net income was USD 336,000 compared to USD 3.472 million a year ago. Basic earnings per share from continuing operations was USD 0.04 compared to USD 0.44 a year ago. For the full year, net interest income was USD 54.835 million compared to USD 53.761 million a year ago. Net income was USD 5.904 million compared to USD 18.216 million a year ago. Basic earnings per share from continuing operations was USD 0.75 compared to USD 2.32 a year ago. Diluted earnings per share from continuing operations was USD 0.75 compared to USD 2.31 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. 
