Bankwell brings in $2.3 million in third quarter
Bankwell Financial Group, Inc., a regional banking company with location in Wilton, recently released financial reports for the third quarter of 2015.
Bankwell reports a GAAP (Generally Accepted Accounting Principles) net income of $2.3 million and “record loan levels” at $1.1 billion, “driven by strong organic growth,” a press release said.
Additionally, for the first time, the company’s board of directors declared a $0.05-per-share cash dividend, payable Dec. 21, 2015 to shareholders.
“The team at Bankwell has delivered another strong performance this quarter,” said Bankwell Financial Group CEO Christopher Gruseke, “growing our loan book to record levels while continuing to increase operational efficiencies.”
“The declaration of our first cash dividend,” Gruseke continued, “is a demonstration of Bankwell’s financial strength and our commitment to our shareholders.”