Bankwell reports record quarter

Bankwell Financial Group, Inc. reported record net income of $3 million for the first quarter of 2016.

In addition, the company reached record loan levels at $1.2 billion, “driven by strong organic growth,” a press release said.

Bankwell Financial Group’s Board of Directors declared a $0.05 per share cash dividend, payable May 26, 2016 to shareholders of record on May 16, 2016.

“Bankwell has begun 2016 with its best financial performance to date,” said CEO Christopher R. Gruseke, “despite the headwinds of increased volatility in the financial markets.”

“This organic growth was achieved without compromising on credit quality or pricing,” Gruseke said.

Bankwell Financial Group is a regional banking company with a branch in Wilton.