Company: BWFG
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0001505732-25-000052
Chunk: 102

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 7
Chunk 102
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angible Book Value per ShareTotal shareholders’ equity$270,520 $265,752 $238,469 $201,987 $176,602 Less: preferred stock— — — — — Common shareholders’ equity270,520 265,752 238,469 201,987 176,602 Less: Intangible assets2,589 2,589 2,589 2,589 2,665 Tangible common shareholders’ equity$267,931 $263,163 $235,880 $199,398 $173,937 Common shares issued7,859,873 7,882,616 7,730,699 7,803,166 7,919,278 Less: shares of unvested restricted stock223,875 254,328 214,000 190,359 163,369 Common shares outstanding7,635,998 7,628,288 7,516,699 7,612,807 7,755,909 Book value per share$35.43 $34.84 $31.73 $26.53 $22.77 Less: effects of intangible assets0.34 0.34 0.34 0.34 0.34 Tangible Book Value per Common Share$35.09 $34.50 $31.39 $26.19 $22.43 Total RevenueNet interest income$83,282 $94,468 $94,743 $67,886 $54,835 Add: noninterest income3,718 4,842 3,040 5,657 2,884 Total Revenue$87,000 $99,310 $97,783 $73,543 $57,719 Noninterest income as a percentage of total revenue4.27 %4.88 %3.11 %7.69 %5.00 %Return on Average Common Shareholders’ EquityNet Income Attributable to Common Shareholders$9,770 $36,663 $37,429 $26,586 $5,904 Total average shareholders’ equity$271,200 $252,061 $223,874 $191,808 $176,489 Less: average preferred stock— — — —