Bankwell Q2 FY26 GAAP net income rises 9.7% to $12.4 million; net interest margin widens 30 bps to 3.58% - BWFG News | RalliesBankwell Q2 FY26 GAAP net income rises 9.7% to $12.4 million; net interest margin widens 30 bps to 3.58%
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BWFG• Bankwell posts higher Q2 profit and margin expansion
- Bankwell Financial Group posted Q2 2026 GAAP net income of $12.4 million, or $1.52 per share, up 9.75% from Q1.
- Net interest income rose 9.73% to $29.5 million, while net interest margin widened 30 basis points to 3.58%.
- Noninterest expense fell 9.67% to $15.3 million, lifting the efficiency ratio to 47.5% from 55.8% in Q1.
- Deposits climbed 6% since year-end to $3 billion, while gross loans increased 4.2% to $3 billion.
- 2026 guidance was raised for net interest income to $115 million-$117 million, while loan growth was lifted to 5%-7%.
