Bankwell Financial Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported total interest income of $13,908,000 compared to $11,016,000 a year ago. Net interest income was $11,236,000 compared to $9,771,000 a year ago. Income before income tax expense was $4,041,000 compared to $956,000 a year ago. Net income was $2,618,000 compared to $727,000 a year ago. Net income attributable to common shareholders was $2,575,000 or $0.35 per diluted share compared to $700,000 or $0.10 per diluted share a year ago. Return on average assets was 0.78% compared to 0.28% a year ago. Return on average stockholders' equity was 7.68% compared to 2.26% a year ago.

For the year, the company reported total interest income of $50,754,000 compared to $35,589,000 a year ago. Net interest income was $42,788,000 compared to $31,660,000 a year ago. Income before income tax expense was $13,871,000 compared to $6,737,000 a year ago. Net income was $9,030,000 compared to $4,568,000 a year ago. Net income attributable to common shareholders was $8,905,000 or $1.21 per diluted share compared to $4,458,000 or $0.78 per diluted share a year ago. Return on average assets was 0.75% compared to 0.52% a year ago. Return on average stockholders' equity was 6.76% compared to 4.66% a year ago. Tangible book value per common share as on December 31, 2015 was $17.43 compared to $16.35 a year ago.