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Stock impact report

Bankwell Financial Group Reports Strong Operating Results for the First Quarter; Declares Second Quarter Dividend

Bankwell Financial Group, Inc. (BWFG) 
Last bankwell financial group, inc. earnings: 4/29 06:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.mybankwell.com
Company Research Source: Business Wire
NEW CANAAN, Conn.--(BUSINESS WIRE)--Bankwell Financial Group, Inc. (NASDAQ:BWFG) reported GAAP net income of $5.7 million, or $0.71 per share, for the first quarter of 2021, versus $1.4 million, or $0.17 per share, for the same period in 2020. Pre-tax, pre-provision net revenue ("PPNR")1 grew 48% to $7.0 million compared to the same period in 2020. Results include a $0.9 million one-time federal payroll tax credit for small businesses impacted by COVID-192.The Company's Board of Directors declared a $0.14 per share cash dividend, payable May 24, 2021 to shareholders of record on May 14, 2021.We recommend reading this earnings release in conjunction with the First Quarter 2021 Investor Presentation, located at http://investor.mybankwell.com/Presentations and included as an exhibit to our April 28, 2021 Current Report on Form 8-K.Notes Bankwell Financial Group President and CEO, Christopher R. Gruseke:"I am pleased to announce Bankwell’s financial results for the first quarter of 20 Show less Read more
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