Company: BWFG
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001505732-25-000162
Chunk: 16

Company: Bankwell Financial Group, Inc.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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— — Issuance of restricted stock3,306 — — — — Repurchase of common stock(9,670)(231)— — (231)Balance at September 30, 20247,858,573 $118,429 $151,257 $(1,760)$267,926 

See accompanying notes to consolidated financial statements (unaudited)

Bankwell Financial Group, Inc.

Consolidated Statements of Shareholders' Equity - (unaudited)

(In thousands, except share data)

7

Number of Outstanding SharesCommon StockRetained EarningsAccumulated Other Comprehensive (Loss) IncomeTotalBalance at December 31, 20247,859,873 $119,108 $152,656 $(1,244)$270,520 Net income— — 26,054 — 26,054 Other comprehensive income, net of tax— — — 674 674 Cash dividends declared ($0.60 per share)— — (4,702)— (4,702)Stock-based compensation expense— 1,579 — — 1,579 Forfeitures of restricted stock(16,829)— — — — Issuance of restricted stock78,949 — — — — Repurchase of common stock(44,550)(1,334)— — (1,334)Balance at September 30, 20257,877,443 $119,353 $174,008 $(570)$292,791 

Number of Outstanding SharesCommon StockRetained EarningsAccumulated Other Comprehensive (Loss) IncomeTotalBalance at December 31, 20237,882,616 $118,247 $149,169 $(1,664)$265,752 Net income— — 6,807 — 6,807 Other comprehensive (loss), net of tax— — — (96)(96)Cash dividends declared ($0.60 per share)— — (4,719)— (4,719)Stock-based compensation expense— 2,319 — — 2,319 Forfeitures of restricted stock(4,262)— — — — Issuance of restricted stock66,209 — — — — Repurchase of common stock(85,990)(2