Bankwell Financial Group Reports Operating Results for the First Quarter, Reserve Build and Maintains Quarterly Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $1.4 million, or $0.17 per share, for the first quarter of 2020, versus $5.1 million, or $0.65 per share, for the same period in 2019. The decline in net income is largely driven by an increase in the loan loss provision relating to potential exposure to the coronavirus (COVID-19) pandemic. The Company's Board of Directors declared a $0.14 per share cash dividend, payable May 28, 2020 t
Bankwell Financial Group Reports Operating Results for the First Quarter, Reserve Build and Maintains Quarterly Dividend
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $1.4 million, or $0.17 per share, for the first quarter of 2020, versus $5.1 million, or $0.65 per share, for the same period in 2019. The decline in net income is largely driven by an increase in the loan loss provision relating to potential exposure to the coronavirus (COVID-19) pandemic. The Company's Board of Directors declared a $0.14 per share cash dividend, payable May 28, 2020 t