ADDED
As of February 27, 2026, there were 7,976,788 shares of the registrant s common stock outstanding.
Form 10-K Summary 119 Signatures 120 BANKWELL FINANCIAL GROUP, INC.
In December 2025, the Bank received regulatory approvals from the Federal Deposit Insurance Corporation ( FDIC ), the Connecticut Department of Banking ( CT DOB ), and the New York Department of Financial Services ( NY DFS ) to establish a new, full-service branch located in Brooklyn, New York which opened during the first quarter of 2026.
Additionally, the Bank operates limited-service Domestic Representative Offices in New Canaan, Connecticut and Garden City, New York.
As of December 31, 2025, on a consolidated basis, we had total assets of approximately $3.4 billion, net loans of approximately $2.8 billion, total deposits of approximately $2.8 billion, and shareholders equity of approximately $301.5 million.
We seek to be the banking provider of choice by offering a compelling alternative to larger competitors.
We have a history of building long-term client relationships and attracting new clients through what we believe is superior service and a diverse product offering.
We believe our strong capital position, meaningful inside ownership, and highly respected and experienced executive management team and board of directors enhance our credibility with both existing clients and prospective clients.
We believe our strategy of building a franchise with meaningful market share, consistent revenue growth and ongoing operational and technological efficiencies will produce attractive risk-adjusted returns for our shareholders.
Our History and Growth The Bank is a Connecticut state chartered commercial bank, founded in 2002, whose deposits are insured under the Deposit Insurance Fund administered by the FDIC.
REMOVED
As of February 28, 2025, there we re 7,907,311 sh ares of the registrant s common stock outstanding.
Form 10-K Summary 126 Signatures 127 BANKWELL FINANCIAL GROUP, INC.
As of December 31, 2024, on a consolidated basis, we had total assets of approximately $3.3 billion, net loans of approximately $2.7 billion, total deposits of approximately $2.8 billion, and shareholders equity of approximately $270.5 million.
We are focused on being the banking provider of choice and to serve as an alternative to our larger competitors.
We have a history of building long-term client relationships and attracting new clients through what we believe is our superior service and our ability to deliver a diverse product offering.
In addition, we believe that our strong capital position and extensive inside ownership, coupled with a highly respected and experienced executive management team and board of directors, give us credibility with our clients and potential clients.
We believe our focus on building a franchise with meaningful market share and consistent revenue growth complemented by operational and technological efficiencies will produce attractive risk-adjusted returns for our shareholders.
Our History and Growth The Bank is a Connecticut state chartered commercial bank, founded in 2002, whose deposits are insured under the Deposit Insurance Fund administered by the Federal Deposit Insurance Corporation ( FDIC ).
While 2024 presented certain financial challenges, our executive management team remained steadfast in their efforts, allowing us to maintain a degree of growth and a solid foundation of financial stability.
Over the four year period from December 31, 2020 through December 31, 2024, we grew total assets from $2.3 billion to $3.3 billion, gross loans outstanding from $1.6 billion to $2.7 billion and deposits from $1.8 billion to $2.8 billion.