PackageTrendsPeer
Letter portraitLegal landscape

Bankwell Bank

New Canaan, CT · Cert 57368 · Bankwell Financial Group Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks $1B-$10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks $1B-$10B in assets (n=313 to 319). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

33

Q2 2024Q2 2026peer median (50)

Asset Quality

63

Q2 2024Q2 2026peer median (50)

Profitability

70

Q2 2024Q2 2026peer median (50)

Liquidity

30

Q2 2024Q2 2026peer median

Efficiency

90

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Bankwell Bank

New Canaan, CT · Cert 57368 · Bankwell Financial Group Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

$3.5BAssets
$3.0BLoans
$3.0BDeposits
$355.3MEquity
Loan mix
74%RE $2.1B26%C&I $0.7B0%Consumer $0.0BQ2 2025Q2 2026
Deposit mix
84%Interest-bearing $2.6B16%Noninterest $0.5BQ2 2025Q2 2026

NIM

6.01%Q2 ’246.11%Q2 ’256.06%Q2 ’26+9%+14%

Non-interest income vs. expense

1.40%Q2 ’241.66%Q2 ’251.69%Q2 ’26+11%-10%

Market Position · Bridgeport-Stamford-Danbury, CT · 2026 SOD (annual) · 3.4% share · #6 of 25 inst. · $2.7B of $77.9B

3.7% Western Connecticut
1.5% South Central Connecticut
2.2% Greater Bridgeport
0.1% Kings

Executive Summary

  • Earnings: ROA of 1.61%, up 43 bps year over year; NIM at 3.43%.
  • Asset quality: problem loans at 0.54% of loans (-36 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 10.39%, down 19 bps from a year ago.
  • Funding: loans stand at 97.37% of deposits as of Q2 2026.

Financial Results

Return on Assets (YTD, annualized)

1.61%+43 bps YoY

Net Interest Margin (YTD, annualized)

3.43%+43 bps YoY

Efficiency Ratio (YTD, annualized)

44.16%-755 bps YoY

Tier 1 Leverage Ratio

10.39%-19 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.17%1.27%1.27%1.54%1.61%+43 bps
Return on Equity11.38%12.16%12.19%14.82%15.51%+413 bps
Net Interest Margin3.00%3.09%3.13%3.29%3.43%+43 bps
Efficiency Ratio51.70%49.45%48.21%48.40%44.16%-755 bps
Non-Interest Burden1.45%1.40%1.36%1.39%1.29%-15 bps
Growth
Asset Growth (YoY)2.93%2.53%2.75%5.86%7.30%+437 bps
Loan Growth (YoY)0.46%3.62%4.93%8.38%10.90%+1,044 bps
Deposit Growth (YoY)3.71%2.62%1.85%5.41%9.48%+577 bps
Asset Quality
Nonperforming Loans / Loans0.90%0.63%0.58%0.67%0.54%-36 bps
Net Charge-Offs / Loans0.00%-0.02%-0.01%0.02%0.01%+1 bps
Allowance / Loans1.10%1.10%1.08%1.03%1.04%-6 bps
Allowance Coverage of NPLs1.2x1.8x1.9x1.6x1.9x+0.7x
Capital
Tier 1 Leverage Ratio10.57%10.71%10.56%10.32%10.39%-19 bps
Total Risk-Based Capital13.28%13.48%12.94%13.00%12.70%-58 bps
Equity / Assets10.47%10.73%10.39%10.43%10.25%-22 bps
Liquidity & Funding
Loans / Deposits96.12%97.93%99.44%98.28%97.37%+125 bps
Liquid Assets / Assets10.28%9.27%6.70%6.46%5.88%-440 bps
CRE / Total Capitaln/a590%594%579%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Bankwell Bank

New Canaan, CT · Cert 57368 · Peer group: banks $1B-$10B in assets (n=313-319) · Bankwell Financial Group Inc.

State charter, non-member · FDIC · 11 branches

Q2 2026

$3.5BAssets
$3.0BLoans
$3.0BDeposits
$355.3MEquity

Executive Summary

  • Strongest standing: efficiency ratio outperforms 90% of banks $1B-$10B in assets (rank 33 of 319).
  • Widest gap: tier 1 capital ratio trails 76% of banks $1B-$10B in assets (rank 242 of 319).
  • Overall: at or above the peer median on 6 of 9 directional measures.

Return on Assets

1.57%

Rank 73 of 319

Net Interest Margin

3.43%

Rank 160 of 319

Efficiency Ratio

44.16%

Rank 33 of 319

Equity / Assets

10.25%

Rank 166 of 319

Non-interest income vs. expense

$13.3M$57.2MINCOMEEXPENSE
Unfavorable gap of $43.9M · efficiency ratio beats 90% of banks $1B-$10B in assets
Bank 44.16%Peer median 59.6%Q2 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRankPeer Position
Earnings
Return on Assets1.57%0.91%1.21%1.53%Beats 77%73 / 319
Return on Equity15.35%8.49%11.44%14.57%Beats 82%59 / 319
Net Interest Margin3.43%3.06%3.43%3.81%Beats 50%160 / 319
Efficiency Ratio44.16%51.90%59.57%67.64%Beats 90%33 / 319
Asset Quality
Nonperforming Loans / Loans0.54%0.25%0.54%1.18%Beats 50%157 / 313
Net Charge-Offs / Loans0.01%0.01%0.04%0.12%Beats 76%76 / 313
Capital
Tier 1 Capital Ratio11.67%11.74%12.99%15.28%Beats 24%242 / 319
Total Risk-Based Capital Ratio12.70%12.61%14.01%16.23%Beats 26%237 / 319
Equity / Assets10.25%9.03%10.33%12.01%Beats 48%166 / 319
Liquidity & Funding
Loans / Deposits97.37%76.76%88.16%95.43%80th pctl64 / 314
Loans / Assets85.26%65.79%74.05%79.84%92nd pctl26 / 319
Brokered Deposits / Depositsn/aNot reported for this institution