BWFG News & Events

CEO, Christopher R. Gruseke: "We generated outstanding first quarter results while advancing our strategic priorities. Profitability increased during the quarter, reflected in a return on average assets of 1.35%, and the Company grew core deposits by $113 million sequentially. Our SBA division continues to execute measured, profitable growth, with originations this quarter of $34 million, and we have continued to improve our asset and liability mix as floating rate loans now comprise 42% of the loan portfolio. Results for the quarter include a sequential increase to the Company's non-interest expense of approximately $1.4 million. This increase reflects the timing of some expense recognition, and we believe current trends support our non-interest expense guidance previously provided of $64 to $65 million for the full year. We also affirm prior guidance regarding Net Interest Income and loan growth for 2026. Due to an improved outlook for SBA gains on sale and other commercial fees, however, we are increasing our guidance for Non-Interest Income to a range of $12 to $13 million. As we enter the remainder of the year, we are confident in our credit quality and are well positioned to reduce NPAs in the quarters ahead."

Bankwell Financial Group announced the opening of its Brooklyn office in the Bay Ridge neighborhood, expanding the bank's commercial and private client banking presence into New York City. The office officially opened on February 20, 2026, and is located at 557-559 86th Street, Brooklyn, NY 11209. The Bay Ridge office represents Bankwell's first full-service location in New York State and supports the bank's continued focus on serving closely held businesses, their owners, and professionals in key markets. The Brooklyn office is home to an experienced private client banking team that joined Bankwell in 2025, led by Monika Buono, Private Client Group Director.