Company: BWFG
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001505732-25-000052
Chunk: 103

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 7
Chunk 103
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 — Average Common Shareholders’ Equity$271,200 $252,061 $223,874 $191,808 $176,489 Return on Average Common Shareholders’ Equity3.60 %14.55 %16.72 %13.86 %3.35 %

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Executive Overview

We strive to be the preferred banking provider, offering a compelling alternative to larger institutions. Our strategy rests on our competitive strengths:

•Strategic Market Reach: While we serve our client base within 100 miles of our branch network, we also selectively pursue commercial banking opportunities beyond this radius, leveraging established business relationships and technology to support our clients’ growth.

•Experienced Leadership: Our Executive Management Team brings a proven track record of success and deep industry expertise.

•Dedicated Board of Directors: Our Board combines valuable expertise with close community ties, ensuring we understand and respond to local needs and are positioned to capitalize on market opportunities.

•Disciplined Risk Management: We employ a robust and proactive risk management framework to safeguard assets, ensure regulatory compliance, and support sustainable growth.

•Strong Capital Position: Our capital position has facilitated our growth and is integral to the execution of our business plan, and; 

•Scalable Operating Platform: Designed for efficiency and scalability, our platform supports our growth and provides a seamless customer experience.

Key Financial Measures

The primary measures we use to evaluate and manage our financial results are set forth in the tables below. Although we believe these measures are meaningful in evaluating our results and financial condition, they may not be directly comparable to similar measures used by other financial services companies and may not provide an appropriate basis to compare our results or financial condition to the results or financial condition of our competitors. The following tables set forth the key financial measures we use to evaluate the success of our business and our financial position and operating performance.

Key Financial Measures(a)At or For the Years Ended December 31,20242023(Dollars in thousands, except per share data)Selected balance sheet measures:Total assets$3,268,476 $3,215,482 Gross portfolio loans2,705,888 2,718,607 Deposits2,787,570 2,736,757 FHLB borrowings90,000 90,000 Subordinated debt69,451 69,205 Total equity270,520 265,752 Selected statement of income measures:Total revenue(c)87,000 99