Bankwell has record second quarter

Bankwell Financial Group, Inc. had a net income of $2.3 million and outstanding loans at $1 billion for the second quarter of 2015.
According to president and CEO Christopher R. Gruseke, these are new records for earnings and loan growth.
“Key metrics for the quarter,” he added, “include a 63.6% efficiency ratio and a 0.80% return on average assets. With a 7.7% return on average tangible common equity, we continue our steady progress toward delivering double-digit returns for our shareholders.”
Second-quarter revenues for 2015 were $11.6 million, a 48.1% increase from second-quarter 2014.
Bankwell is a commercial bank that serves Fairfield and New Haven Counties, with a branch in Wilton.