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Bankwell Financial Group (BWFG)
NASDAQ:BWFG
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Earnings Data
Report Date
Jan 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.48Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 4.84%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a balanced perspective with both positive and negative elements. The bank demonstrated strong deposit growth, a reduction in brokered deposits, and an establishment of a new SBA lending division, indicating optimism for 2025. However, financial performance was impacted by net charge-offs, decreased net interest margin, and elevated non-interest expenses.Company Guidance
During the Bankwell Financial Group Fourth Quarter 2024 Earnings Call, several important metrics and updates were discussed. The company's GAAP fully diluted earnings per share were reported at $0.32, impacted by $3 million in net charge-offs. Notably, two key non-performing assets were addressed: a $1.7 million C&I loan, which was fully disposed of, and a non-performing construction loan that resulted in a $1.2 million charge-off, leaving a carrying value of $8.3 million. Additionally, the non-performing asset ratio is expected to decrease by 25 and 83 basis points due to signed purchase agreements for these loans. The commercial real estate concentration was reduced to 375% of total risk-based capital, down from 397% the previous year. On the deposit side, Bankwell experienced core deposit growth of $169 million and a 9 basis point reduction in total deposit costs. The pre-provision net revenue was $7.9 million, with a net interest margin of 260 basis points, reflecting a 12 basis point decrease from the previous quarter. Overall, the company is optimistic about improving financial performance in 2025, anticipating modest loan growth of 3% to 5% and net interest income between $93 million to $95 million.No Credit Deterioration
During the fourth quarter, there was no credit deterioration observed, and there is optimism regarding the performance of the loan portfolio in 2025.
Strong Deposit Growth
Core deposits grew by $169 million in the fourth quarter, with a reduction in total deposit costs by 9 basis points.
Reduction in Brokered Deposits
Brokered deposits decreased by $247 million year-over-year, highlighting successful strategies to improve deposit quality and diversity.
SBA Lending Division Establishment
The foundation for an SBA lending division was successfully laid, with expectations to double non-interest income in 2025.
Reduction in Commercial Real Estate Concentration
Commercial Real Estate concentration was reduced to 375% of total risk-based capital at year-end 2024 from 397% at year-end 2023.
Optimistic 2025 Outlook
Expectations for modest loan growth of 3% to 5% with net interest income projected to grow to $93 million to $95 million.
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BWFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BWFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 22, 2025 | $29.74 | $30.75 | +3.40% |
| Oct 28, 2024 | $28.84 | $28.65 | -0.66% |
| Jul 24, 2024 | $26.09 | $26.00 | -0.34% |
| Apr 24, 2024 | $24.43 | $23.29 | -4.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Bankwell Financial Group (BWFG) report earnings?
Bankwell Financial Group (BWFG) is schdueled to report earning on Jan 22, 2025, TBA Not Confirmed.
What is Bankwell Financial Group (BWFG) earnings time?
Bankwell Financial Group (BWFG) earnings time is at Jan 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BWFG EPS forecast?
BWFG EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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