Form 8-K

8-K — Bankwell Financial Group, Inc.

Accession: 0001505732-26-000098

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0001505732

SIC: 6022 (STATE COMMERCIAL BANKS)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Other Events

Item: Financial Statements and Exhibits

Documents

8-K — bwfg-20260723.htm (Primary)

EX-99.1 (ex991q22026earningsrelease.htm)

EX-99.2 (q22026bwfginvestorpresen.htm)

GRAPHIC (q22026bwfginvestorpresen001.jpg)

GRAPHIC (q22026bwfginvestorpresen002.jpg)

GRAPHIC (q22026bwfginvestorpresen003.jpg)

GRAPHIC (q22026bwfginvestorpresen004.jpg)

GRAPHIC (q22026bwfginvestorpresen005.jpg)

GRAPHIC (q22026bwfginvestorpresen006.jpg)

GRAPHIC (q22026bwfginvestorpresen007.jpg)

GRAPHIC (q22026bwfginvestorpresen008.jpg)

GRAPHIC (q22026bwfginvestorpresen009.jpg)

GRAPHIC (q22026bwfginvestorpresen010.jpg)

GRAPHIC (q22026bwfginvestorpresen011.jpg)

GRAPHIC (q22026bwfginvestorpresen012.jpg)

GRAPHIC (q22026bwfginvestorpresen013.jpg)

GRAPHIC (q22026bwfginvestorpresen014.jpg)

GRAPHIC (q22026bwfginvestorpresen015.jpg)

GRAPHIC (q22026bwfginvestorpresen016.jpg)

GRAPHIC (q22026bwfginvestorpresen017.jpg)

GRAPHIC (q22026bwfginvestorpresen018.jpg)

GRAPHIC (q22026bwfginvestorpresen019.jpg)

GRAPHIC (q22026bwfginvestorpresen020.jpg)

GRAPHIC (q22026bwfginvestorpresen021.jpg)

GRAPHIC (q22026bwfginvestorpresen022.jpg)

GRAPHIC (q22026bwfginvestorpresen023.jpg)

GRAPHIC (q22026bwfginvestorpresen024.jpg)

GRAPHIC (q22026bwfginvestorpresen025.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: bwfg-20260723.htm · Sequence: 1

bwfg-20260723

0001505732FALSE00015057322026-07-232026-07-23

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 23, 2026

Bankwell Financial Group, Inc.

(Exact name of registrant as specified in its charter)

Connecticut 001-36448 20-8251355

(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

258 Elm Street

New Canaan, Connecticut 06840

(203) 652-0166

(Address of Principal Executive Officers and Telephone Number)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading Symbol(s)

Name of Each Exchange on Which

Registered

Common Stock, no par value per

BWFG

NASDAQ Global Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On July 23, 2026, Bankwell Financial Group, Inc., the holding company for Bankwell Bank, issued a press release describing its results of operations for the period ended June 30, 2026.

A copy of the press release is included as Exhibit 99.1 to this current report on Form 8-K and is incorporated herein by reference.

The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company, regardless of any general incorporation language in such filing.

Item 7.01 Regulation FD Disclosure

On July 23, 2026, Bankwell Financial Group, Inc., the holding company for Bankwell Bank, issued slide presentation material, which includes among other things, a review of financial results and trends through the period ended June 30, 2026. A copy of the material will also be available on the Company’s website, https://investor.mybankwell.com/events-and-presentations/

A copy of the Presentation Material is included as Exhibit 99.2 to this current report on Form 8-K and is incorporated herein by reference.

The information furnished under this Item 7.01, including Exhibit 99.2, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company, regardless of any general incorporation language in such filing.

Item 8.01 Other Events

Quarterly Dividend Announcement

On July 23, 2026, Bankwell Financial Group, Inc. (the Company), parent company of Bankwell Bank, announced that on July 23, 2026, its Board of Directors voted to pay a quarterly dividend in the amount of $0.20 per share on August 21, 2026 to all shareholders of record as of August 10, 2026.

Item 9.01 Financial Statements and Exhibits

(a) Not applicable.

(b) Not applicable.

(d) Exhibits.

Exhibit Number Description

99.1

Press Release Dated July 23, 2026

99.2

Presentation Materials

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

BANKWELL FINANCIAL GROUP, INC.

Registrant

July 23, 2026

By: /s/ Courtney E. Sacchetti

Courtney E. Sacchetti

Executive Vice President

and Chief Financial Officer

EX-99.1

Filename: ex991q22026earningsrelease.htm · Sequence: 2

Document

BANKWELL FINANCIAL GROUP REPORTS OPERATING RESULTS FOR THE SECOND QUARTER, DECLARES THIRD QUARTER DIVIDEND

New Canaan, CT – July 23, 2026 – Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported GAAP net income of $12.4 million, or $1.52 per share for the second quarter of 2026, versus $11.3 million, or $1.41 per share, for the first quarter of 2026. The Company's Board of Directors declared a $0.20 per share cash dividend, payable August 21, 2026 to shareholders of record on August 10, 2026.

Discussion of Outlook; Bankwell Financial Group Chief Executive Officer, Christopher R. Gruseke:

"I’d like to congratulate our team for another outstanding quarter. Profitability continues to increase as we achieved a 1.46% Return on Average Assets and a 15.61% Return on Average Tangible Common Equity. We continue to execute key strategic objectives by meaningfully growing and improving our deposit base, accelerating loan growth, and establishing a more rate neutral balance sheet. We are particularly proud to note that as we continue to invest in our future, we have achieved a peer-leading 47.5% Efficiency Ratio this quarter.

Given our year-to-date results, we are updating prior full year guidance for 2026. We are increasing our Net Interest Income guidance to a range of $115 to $117 million while raising our outlook for loan growth to a range of 5% to 7%. We reiterate our previous guide to Non-interest Income of $12 to $13 million. Reflecting on our momentum this year, we will continue to make targeted investments in talent and infrastructure to support continued growth, and to compensate appropriately our teams for the strong performance they've delivered. Accordingly, we are raising our full-year non-interest expense guide to $65 to $67 million. Given our updated outlook for revenue, we would not expect our increased expense guidance to have a negative impact on our 2026 Efficiency Ratio."

Key Points for Second Quarter and Bankwell’s Outlook

Core Deposit Growth Funds Robust Loan Production, Reduces Wholesale Funding.

•Core deposit growth of $128 million during the quarter ended June 30, 2026, including $72.0 million growth in noninterest bearing and NOW deposits, when compared to March 31, 2026.

•Gross loans grew $93.1 million, or 3.2% compared to March 31, 2026, reaching $3.0 billion at June 30, 2026, as $268.2 million of funded originations, including $26.0 million of SBA originations, outpaced portfolio runoff.

•Wholesale funding decreased $43.7 million during the quarter ended June 30, 2026, lowering the Wholesale Ratio to 16.3%(1), from 21.2% at year end.

•As of June 30, 2026, continued core deposit growth has enabled the Company to reduce brokered deposits by 50.6%, or $519.9 million, from their $1,026.6 million peak at December 31, 2022.

Net Interest Margin Expands on Favorable Repricing Dynamics.

•Reported Net Interest Margin expanded 30 basis points to 3.58% for the second quarter of 2026, compared to 3.28% for the quarter ended March 31, 2026.

•Total deposit costs improved 16 basis points to 2.94% for the quarter ended June 30, 2026, compared to the quarter ended March 31, 2026.

•Earning asset yields expanded 11 basis points to 6.26% for the quarter ended June 30, 2026, compared to the linked quarter, as the average yield on new loan production of 7.00% continued to exceed the runoff yield.

Revenue Growth and Expense Management Drive Positive Operating Leverage.

•Pre-provision net revenue rose 31.4% to $17.5 million, or 2.07% of average assets, for the quarter ended June 30, 2026, driven by revenue growth and improved efficiency.

•Net interest income increased to $29.5 million for the quarter ended June 30, 2026, from $26.9 million for the quarter ended March 31, 2026, as net interest margin expanded 30 basis points to 3.58% on favorable repricing dynamics.

•SBA loan sale gains contributed $2.4 million of the Company's $3.3 million in total noninterest income for the quarter ended June 30, 2026, bringing first-half gains to $4.8 million, compared to $1.5 million in the first half of 2025.

•Noninterest expense declined to $15.3 million for the quarter ended June 30, 2026, from $16.9 million for the quarter ended March 31, 2026, primarily reflecting lower salaries and employee benefits following seasonal first-quarter compensation costs.

•The efficiency ratio improved to 47.5% for the quarter ended June 30, 2026, compared to 55.8% for the quarter ended March 31, 2026, resulting in a year-to-date efficiency ratio of 51.4%.

(1) Wholesale Ratio is a Non-GAAP Financial Measure and is calculated as brokered deposits and FHLB borrowings divided by total assets. Refer to the "Non-GAAP Financial Measures" section of this document for additional detail.

Second Quarter 2026 Financial Highlights and Key Performance Indicators (KPIs):

June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

Return on average assets(1)(6)

1.46 % 1.35 % 1.11 % 1.24 % 1.14 %

Pre-tax, pre-provision net revenue return on average assets(1)(6)

2.07 % 1.60 % 1.80 % 1.70 % 1.43 %

Return on average shareholders' equity(1)(6)

15.49 % 14.88 % 12.20 % 13.84 % 12.98 %

Return on average tangible shareholders' equity(1)(6)

15.61 % 15.00 % 12.31 % 13.96 % 13.10 %

Net Interest Margin(1)(6)(7)

3.58 % 3.28 % 3.40 % 3.34 % 3.10 %

Efficiency Ratio(1)(3)

47.5 % 55.8 % 50.8 % 51.4 % 56.1 %

Noninterest expense to average assets(1)(6)

1.80 % 2.03 % 1.87 % 1.80 % 1.83 %

Net loan (recoveries) charge-offs as a percentage of average loans(1)(6)

0.00 % 0.01 % 0.00 % (0.01) % 0.00 %

Dividend payout ratio(1)(4)

13.16 % 14.18 % 17.39 % 15.75 % 17.39 %

Fully diluted tangible book value per common share(1)(2)

$ 40.25 $ 38.79 $ 37.84 $ 36.84 $ 35.65

Total capital to risk-weighted assets(1)(5)

12.70 % 13.00 % 12.94 % 13.48 % 13.28 %

Total common equity tier 1 capital to risk-weighted assets(1)(5)

11.66 % 11.97 % 11.87 % 12.39 % 12.20 %

Tier I Capital to Average Assets(1)(5)

10.36 % 10.32 % 10.56 % 10.71 % 10.57 %

Tangible common equity to tangible assets(1)(2)

9.24 % 9.17 % 8.90 % 8.95 % 8.68 %

Earnings per common share - diluted $ 1.52 $ 1.41 $ 1.15 $ 1.27 $ 1.15

Common shares issued and outstanding 7,973,180 7,973,180 7,899,943 7,877,443 7,873,387

(1) Non-GAAP Financial Measure, refer to the "Non-GAAP Financial Measures" section of this document for additional detail.

(2) Refer to the "Reconciliation of GAAP to Non-GAAP Measures" section of this document for additional detail.

(3) Efficiency ratio is defined as noninterest expense, less other real estate owned expenses and amortization of intangible assets, divided by our operating revenue, which is equal to net interest income plus noninterest income excluding gains and losses on sales of securities and gains and losses on other real estate owned. In our judgment, the adjustments made to operating revenue allow investors and analysts to better assess our operating expenses in relation to our core operating revenue by removing the volatility that is associated with certain one-time items and other discrete items that are unrelated to our core business.

(4) The dividend payout ratio is calculated by dividing dividends per share by earnings per share.

(5) Represents Bank ratios. Current period capital ratios are preliminary subject to finalization of the FDIC Call Report.

(6) Return on average assets is calculated by dividing annualized net income by average assets. Pre-tax, pre-provision net revenue return on average assets is calculated by dividing PPNR (calculated as set forth in the "Pre-Tax, Pre-Provision Net Revenue (PPNR)" section of this document) by average assets. Return on average shareholders' equity is calculated by dividing annualized net income by average shareholders' equity. Return on average tangible shareholders' equity is calculated by dividing annualized net income by average shareholders' equity less average intangible assets. Net Interest Margin is calculated by dividing average annualized net interest income by average total earning assets. Noninterest expense to average assets is calculated by dividing annualized noninterest expense by average total assets. Net loan (recoveries) charge-offs as a percentage of average loans is calculated by dividing net loan (recoveries) charge offs recoveries by average total loans.

(7) Based on a fully tax equivalent basis.

Pre-Tax, Pre-Provision Net Revenue(1) ("PPNR")

PPNR for the second quarter ended June 30, 2026 was $17.5 million, an increase of 31.4% from $13.3 million recognized for the first quarter ended March 31, 2026.

For the Quarter Ended

(Dollars in thousands) June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

Net interest income $ 29,503 $ 26,886 $ 26,946 $ 25,987 $ 23,936

Total noninterest income 3,280 3,343 3,376 2,495 2,012

Total revenues 32,783 30,229 30,322 28,482 25,948

Total noninterest expense 15,255 16,889 15,470 14,631 14,546

PPNR $ 17,528 $ 13,340 $ 14,852 $ 13,851 $ 11,402

(1) Non-GAAP Financial Measure, refer to the "Non-GAAP Financial Measures" section of this document for additional detail.

•Revenues (net interest income plus noninterest income) for the quarter ended June 30, 2026 were $32.8 million, compared with $30.2 million in the previous quarter. The increase in revenues was primarily due to higher interest income.

•Noninterest expense for the quarter ended June 30, 2026 was $15.3 million, compared with $16.9 million in the previous quarter. The decrease in noninterest expense was primarily due to a decrease in salaries and employee benefits resulting from seasonal compensation-related costs recognized in the first quarter.

Allowance for Credit Losses - Loans ("ACL-Loans")

The ACL-Loans was $30.6 million as of June 30, 2026 compared to $29.6 million as of March 31, 2026. The ACL-Loans as a percentage of total loans was 1.03% as of June 30, 2026 compared to 1.03% as of March 31, 2026. The provision for credit losses - loans was $1.0 million for the quarter ended June 30, 2026 primarily driven by loan volume.

Total nonperforming loans decreased $3.2 million to $15.9 million as of June 30, 2026, when compared to the previous quarter. Nonperforming assets as a percentage of total assets decreased to 0.46% at June 30, 2026, compared to the previous quarter's ratio of 0.56%. As of June 30, 2026, the ACL-Loans provided 193.14% coverage of total nonperforming loans.

BANKWELL FINANCIAL GROUP, INC.

ASSET QUALITY (unaudited)

(Dollars in thousands)

For the Quarter Ended

June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

ACL-Loans:

Balance at beginning of period $ 29,580 $ 30,705 $ 29,984 $ 29,256 $ 29,485

Charge-offs:

Residential real estate — — — — —

Commercial real estate — — — — —

Commercial business (13) (148) — (14) (15)

Consumer (35) (73) — (46) (5)

Construction — — — — —

Total charge-offs (48) (221) — (60) (20)

Recoveries:

Residential real estate — — — — —

Commercial real estate 10 5 7 272 —

Commercial business 8 15 23 92 112

Consumer 31 33 10 4 10

Construction — — — — —

Total recoveries 49 53 40 368 122

Net loan recoveries (charge-offs) 1 (168) 40 308 102

(Credit) provision for credit losses - loans 1,046 (957) 681 420 (331)

Balance at end of period $ 30,627 $ 29,580 $ 30,705 $ 29,984 $ 29,256

As of

June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

Asset quality:

Nonaccrual loans

Residential real estate $ 530 $ 544 $ 557 $ 570 $ 617

Commercial real estate 13,923 17,112 14,445 14,667 16,387

Commercial business 1,404 1,380 1,302 1,729 6,871

Construction — — — — —

Consumer — — — — —

Total nonaccrual loans 15,857 19,036 16,304 16,966 23,875

Other real estate owned — — — 1,284 1,284

Total nonperforming assets $ 15,857 $ 19,036 $ 16,304 $ 18,250 $ 25,159

Nonperforming loans as a % of total loans 0.54 % 0.66 % 0.57 % 0.62 % 0.89 %

Nonperforming assets as a % of total assets 0.46 % 0.56 % 0.49 % 0.56 % 0.78 %

ACL-loans as a % of total loans 1.03 % 1.03 % 1.08 % 1.10 % 1.10 %

ACL-loans as a % of nonperforming loans 193.14 % 155.39 % 188.33 % 176.73 % 122.54 %

Total past due loans to total loans 0.59 % 0.62 % 0.31 % 0.76 % 0.91 %

Financial Condition & Capital

Assets totaled $3.5 billion at June 30, 2026, an increase of $115.7 million, or 3.4% compared to December 31, 2025. Gross loans totaled $3.0 billion at June 30, 2026, an increase of $119.6 million, or 4.2% compared to December 31, 2025. Deposits totaled $3.0 billion at June 30, 2026, an increase of $171.0 million, or 6.0% compared to December 31, 2025. Brokered deposits have decreased $52.1 million or 9.3%, when compared to December 31, 2025.

Period End Loan Composition June 30, 2026 December 31,

2025 June 30, 2025

Current YTD

% Change Year over Year

% Change

Residential Real Estate $ 28,464 $ 33,139 $ 34,978 (14.1) % (18.6) %

Commercial Real Estate(1)

1,989,747 1,930,979 1,802,224 3.0 10.4

Construction 153,522 153,778 203,758 (0.2) (24.7)

Total Real Estate Loans 2,171,733 2,117,896 2,040,960 2.5 6.4

Commercial Business 715,934 645,321 559,221 10.9 28.0

Consumer 72,026 76,855 68,801 (6.3) 4.7

Total Loans $ 2,959,693 $ 2,840,072 $ 2,668,982 4.2 % 10.9 %

(1) Includes owner occupied commercial real estate of $0.8 billion at June 30, 2026, $0.8 billion at December 31, 2025, and $0.7 billion at June 30, 2025, respectively.

Period End Deposit Composition June 30, 2026 December 31,

2025 June 30, 2025

Current YTD

% Change Year over Year

% Change

Noninterest bearing demand $ 472,008 $ 403,652 $ 397,195 16.9 % 18.8 %

NOW 133,032 90,205 118,019 47.5 12.7

Money Market 1,175,536 1,007,844 875,457 16.6 34.3

Savings 98,626 97,418 91,612 1.2 7.7

Time 1,121,328 1,230,362 1,276,998 (8.9) (12.2)

Total Deposits $ 3,000,530 $ 2,829,481 $ 2,759,281 6.0 % 8.7 %

Shareholders’ equity totaled $323.5 million as of June 30, 2026, an increase of $22.0 million compared to December 31, 2025, primarily a result of year-to-date net income of $23.6 million. The increase was partially offset by dividends paid of $3.2 million.

As of June 30, 2026, the Bank's regulatory capital ratios were all above 'well capitalized' values, with total risk-based capital, common-equity tier 1 capital and leverage ratios at 12.70%, 11.66%, and 10.36%, respectively.

We recommend reading this earnings release in conjunction with the Second Quarter 2026 Investor Presentation, located at https://investor.mybankwell.com/events-and-presentations/ and included as an exhibit to our July 23, 2026 Current Report on Form 8-K.

Conference Call

Bankwell will host a conference call to discuss the Company’s financial results and business outlook on July 23, 2026, at 11:00 a.m. E.T. The call will be accessible by telephone and webcast using https://investor.mybankwell.com/events-and-presentations/. A supplementary slide presentation will be posted to the website prior to the event, and a replay will be available for 12 months following the event.

About Bankwell Financial Group

Bankwell Financial Group, Inc. is the holding company for Bankwell Bank ("Bankwell"), a full-service commercial bank headquartered in New Canaan, CT. Bankwell provides businesses and professionals with a range of commercial financing solutions, including working capital lines of credit, SBA loans, acquisition financing, and commercial mortgages, along with treasury management and deposit services. Bankwell emphasizes accessibility, expertise, and responsiveness through experienced local banking teams serving its markets.

For more information about this press release, interested parties may contact Christopher R. Gruseke, Chief Executive Officer or Courtney E. Sacchetti, Executive Vice President and Chief Financial Officer of Bankwell Financial Group, Inc. at (203) 652-0166 or at ir@mybankwell.com.

For more information, visit www.mybankwell.com.

This press release may contain certain forward-looking statements about the Company. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the banking industry or securities markets, and legislative and regulatory changes that could adversely affect the business in which the Company and its subsidiaries are engaged.

Non-GAAP Financial Measures

In addition to evaluating the Company's financial performance in accordance with U.S. generally accepted accounting principles ("GAAP"), management may evaluate certain non-GAAP financial measures, such as the efficiency ratio. A computation and reconciliation of certain non-GAAP financial measures used for these purposes is contained in the accompanying Reconciliation of GAAP to Non-GAAP Measures tables. We believe that providing certain non-GAAP financial measures provides investors with information useful in understanding our financial performance, our performance trends and financial position. For example, the Company believes that the efficiency ratio is useful in the assessment of financial performance, including noninterest expense control. The Company believes that tangible common equity, tangible assets, tangible common equity to tangible assets, tangible common shareholders' equity, fully diluted tangible book value per common share, efficiency ratio, noninterest expense to average assets, return on average shareholders' equity, return on average tangible shareholders' equity, pre-tax, pre-provision net revenue, net interest margin, net loan (recoveries) charge-offs as a percentage of average loans, pre-tax, pre-provision net revenue on average assets, wholesale ratio, and the dividend payout ratio are useful to evaluate the relative strength of the Company's performance and capital position. We utilize these measures for internal planning and forecasting purposes. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures and results, and we strongly encourage investors to review our consolidated financial statements in their entirety and not to rely on any single financial measure. See "Reconciliation of GAAP to Non-GAAP Measures (unaudited)".

BANKWELL FINANCIAL GROUP, INC.

CONSOLIDATED BALANCE SHEETS (unaudited)

(Dollars in thousands)

June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

ASSETS

Cash and due from banks $ 191,378 $ 208,904 $ 214,567 $ 289,628 $ 313,998

Federal funds sold 12,018 8,997 10,354 5,732 8,466

Cash and cash equivalents 203,396 217,901 224,921 295,360 322,464

Investment securities

Marketable equity securities, at fair value 2,263 2,254 2,248 2,223 2,188

Available for sale investment securities, at fair value 174,036 155,934 160,409 96,473 103,930

Held to maturity investment securities, at amortized cost 29,314 29,386 29,465 29,538 36,434

Total investment securities 205,613 187,574 192,122 128,234 142,552

Loans receivable (net of ACL-Loans of $30,627, $29,580, $30,705, $29,984, and $29,256, at June 30, 2026, March 31, 2026, December 31, 2025, September 30, 2025, and June 30, 2025, respectively) 2,924,890 2,832,678 2,804,441 2,684,016 2,635,742

Accrued interest receivable 16,270 16,029 16,143 15,633 14,741

Federal Home Loan Bank stock, at cost 3,143 4,207 6,207 4,951 5,051

Premises and equipment, net 20,068 20,947 21,582 22,387 23,020

Bank-owned life insurance 54,931 54,566 54,207 53,846 53,488

Goodwill 2,589 2,589 2,589 2,589 2,589

Deferred income taxes, net 9,992 11,436 11,356 9,027 9,684

Other real estate owned — — — 1,284 1,284

Other assets 34,678 25,932 26,291 26,636 25,978

Total assets $ 3,475,570 $ 3,373,859 $ 3,359,859 $ 3,243,963 $ 3,236,593

LIABILITIES AND SHAREHOLDERS’ EQUITY

Liabilities

Deposits

Noninterest bearing deposits $ 472,008 $ 428,384 $ 403,652 $ 397,408 $ 397,195

Interest bearing deposits 2,528,522 2,456,865 2,425,829 2,360,007 2,362,086

Total deposits 3,000,530 2,885,249 2,829,481 2,757,415 2,759,281

Advances from the Federal Home Loan Bank 30,000 60,000 110,000 75,000 75,000

Subordinated debentures 69,820 69,759 69,697 69,636 69,574

Accrued expenses and other liabilities 51,720 46,985 49,192 49,121 49,448

Total liabilities 3,152,070 3,061,993 3,058,370 2,951,172 2,953,303

Shareholders’ equity

Common stock, no par value 121,997 121,060 120,118 119,353 118,698

Retained earnings 202,073 191,281 181,587 174,008 165,495

Accumulated other comprehensive (loss) (570) (475) (216) (570) (903)

Total shareholders’ equity 323,500 311,866 301,489 292,791 283,290

Total liabilities and shareholders’ equity $ 3,475,570 $ 3,373,859 $ 3,359,859 $ 3,243,963 $ 3,236,593

BANKWELL FINANCIAL GROUP, INC.

CONSOLIDATED STATEMENTS OF INCOME (unaudited)

(Dollars in thousands, except share data)

For the Quarter Ended For the Six Months Ended

June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2026 June 30,

2025

Interest and dividend income

Interest and fees on loans $ 48,423 $ 46,787 $ 46,739 $ 46,328 $ 44,128 $ 95,210 $ 87,603

Interest and dividends on securities 1,919 1,784 1,834 1,410 1,478 3,703 2,923

Interest on cash and cash equivalents 1,894 1,965 2,037 2,853 3,043 3,859 6,600

Total interest and dividend income 52,236 50,536 50,610 50,591 48,649 102,772 97,126

Interest expense

Interest expense on deposits 21,267 21,930 22,388 22,585 23,083 43,197 47,855

Interest expense on borrowings 1,466 1,720 1,276 2,019 1,630 3,186 3,269

Total interest expense 22,733 23,650 23,664 24,604 24,713 46,383 51,124

Net interest income 29,503 26,886 26,946 25,987 23,936 56,389 46,002

Provision (credit) for credit losses 1,228 (1,029) 616 372 (411) 199 52

Net interest income after provision (credit) for credit losses 28,275 27,915 26,330 25,615 24,347 56,190 45,950

Noninterest income

Bank owned life insurance 366 358 361 359 352 724 696

Service charges and fees 665 780 771 779 674 1,445 1,276

Gains and fees from sales of loans 2,398 2,425 2,184 1,372 1,080 4,823 1,522

Other (149) (220) 60 (15) (94) (369) 23

Total noninterest income 3,280 3,343 3,376 2,495 2,012 6,623 3,517

Noninterest expense

Salaries and employee benefits 8,678 9,830 7,717 7,995 7,521 18,508 14,573

Occupancy and equipment 2,816 2,705 2,575 2,469 2,505 5,521 5,080

Professional services 1,364 1,393 1,415 1,412 1,632 2,757 3,161

Data processing 694 716 877 633 712 1,410 1,597

Director fees 357 363 337 333 333 720 681

FDIC insurance 530 543 612 610 684 1,073 1,463

Marketing 129 126 108 140 218 255 360

Other 687 1,213 1,829 1,039 941 1,900 1,772

Total noninterest expense 15,255 16,889 15,470 14,631 14,546 32,144 28,687

Income before income tax expense 16,300 14,369 14,236 13,479 11,813 30,669 20,780

Income tax expense 3,928 3,094 5,092 3,401 2,725 7,022 4,804

Net income $ 12,372 $ 11,275 $ 9,144 $ 10,078 $ 9,088 $ 23,647 $ 15,976

Earnings Per Common Share:

Basic $ 1.55 $ 1.42 $ 1.16 $ 1.28 $ 1.16 $ 2.99 $ 2.04

Diluted $ 1.52 $ 1.41 $ 1.15 $ 1.27 $ 1.15 $ 2.95 $ 2.03

Weighted Average Common Shares Outstanding:

Basic 7,856,210 7,724,253 7,776,740 7,774,887 7,777,469 7,790,596 7,724,143

Diluted 7,980,973 7,800,935 7,858,047 7,844,785 7,819,829 7,877,158 7,795,820

Dividends per common share $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.20 $ 0.40 $ 0.40

BANKWELL FINANCIAL GROUP, INC.

RECONCILIATION OF GAAP TO NON-GAAP MEASURES (unaudited)

(Dollars in thousands, except share data)

As of

Computation of Tangible Common Equity to Tangible Assets June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

Total Equity $ 323,500 $ 311,866 $ 301,489 $ 292,791 $ 283,290

Less:

Goodwill 2,589 2,589 2,589 2,589 2,589

Other intangibles — — — — —

Tangible Common Equity $ 320,911 $ 309,277 $ 298,900 $ 290,202 $ 280,701

Total Assets $ 3,475,570 $ 3,373,859 $ 3,359,859 $ 3,243,963 $ 3,236,593

Less:

Goodwill 2,589 2,589 2,589 2,589 2,589

Other intangibles — — — — —

Tangible Assets $ 3,472,981 $ 3,371,270 $ 3,357,270 $ 3,241,374 $ 3,234,004

Tangible Common Equity to Tangible Assets 9.24 % 9.17 % 8.90 % 8.95 % 8.68 %

As of

Computation of Fully Diluted Tangible Book Value per Common Share June 30,

2026 March 31,

2026 December 31,

2025 September 30,

2025 June 30,

2025

Total shareholders' equity $ 323,500 $ 311,866 $ 301,489 $ 292,791 $ 283,290

Less:

Preferred stock — — — — —

Common shareholders' equity $ 323,500 $ 311,866 $ 301,489 $ 292,791 $ 283,290

Less:

Goodwill 2,589 2,589 2,589 2,589 2,589

Other intangibles — — — — —

Tangible common shareholders' equity $ 320,911 $ 309,277 $ 298,900 $ 290,202 $ 280,701

Common shares issued and outstanding 7,973,180 7,973,180 7,899,943 7,877,443 7,873,387

Fully Diluted Tangible Book Value per Common Share $ 40.25 $ 38.79 $ 37.84 $ 36.84 $ 35.65

BANKWELL FINANCIAL GROUP, INC.

EARNINGS PER SHARE ("EPS") (unaudited)

(Dollars in thousands, except share data)

For the Quarter Ended June 30,

For the Six Months Ended June 30,

2026 2025 2026 2025

(In thousands, except per share data)

Net income

$ 12,372 $ 9,088 $ 23,647 $ 15,976

Dividends to participating securities(1)

(26) 26 (52) 53

Undistributed earnings allocated to participating securities(1)

(175) (125) (333) (241)

Net income for earnings per share calculation

12,171 8,989 23,262 15,788

Weighted average shares outstanding, basic

7,856,210 7,777,469 7,790,596 7,724,143

Effect of dilutive equity-based awards(2)

124,763 42,359 86,562 71,677

Weighted average shares outstanding, diluted

7,980,973 7,819,828 7,877,158 7,795,820

Net earnings per common share:

Basic earnings per common share

$ 1.55 $ 1.16 $ 2.99 $ 2.04

Diluted earnings per common share

$ 1.52 $ 1.15 $ 2.95 $ 2.03

(1) Represents dividends paid and undistributed earnings allocated to unvested stock-based awards that contain non-forfeitable rights to dividends.

(2) Represents the effect of the assumed exercise of stock options and the vesting of restricted shares, as applicable, utilizing the treasury stock method.

BANKWELL FINANCIAL GROUP, INC.

NET INTEREST MARGIN ANALYSIS ON A FULLY TAX EQUIVALENT BASIS - QTD (unaudited)

(Dollars in thousands)

For the Quarter Ended

June 30, 2026 June 30, 2025

Average

Balance Interest

Yield/

Rate (4)

Average

Balance Interest

Yield/

Rate (4)

Assets:

Cash and Fed funds sold $ 232,612 $ 1,893 3.26 % $ 296,054 $ 3,043 4.12 %

Securities(1)

196,622 1,941 3.95 149,475 1,535 4.11

Loans:

Commercial real estate 1,908,622 30,597 6.34 1,788,354 27,427 6.07

Residential real estate 29,597 415 5.60 37,549 597 6.36

Construction 153,259 2,776 7.17 196,373 3,851 7.76

Commercial business 719,041 13,617 7.49 558,237 11,195 7.93

Consumer 65,680 1,018 6.22 72,137 1,058 5.88

Total loans 2,876,199 48,423 6.66 2,652,650 44,128 6.58

Federal Home Loan Bank stock 4,441 89 8.06 5,000 86 6.85

Total earning assets 3,309,874 $ 52,346 6.26 % 3,103,179 $ 48,792 6.22 %

Other assets 92,463 88,967

Total assets $ 3,402,337 $ 3,192,146

Liabilities and shareholders' equity:

Interest bearing liabilities:

NOW $ 109,018 $ 59 0.22 % $ 107,818 $ 77 0.29 %

Money market 1,143,254 9,681 3.40 898,777 8,579 3.83

Savings 99,360 677 2.73 91,415 667 2.93

Time 1,110,658 10,850 3.92 1,273,372 13,760 4.33

Total interest bearing deposits 2,462,290 21,267 3.46 2,371,382 23,083 3.90

Borrowed Money 130,824 1,466 4.49 138,380 1,630 4.72

Total interest bearing liabilities 2,593,114 $ 22,733 3.52 % 2,509,762 $ 24,713 3.95 %

Noninterest bearing deposits 443,870 352,623

Other liabilities 44,921 48,956

Total liabilities 3,081,905 2,911,341

Shareholders' equity 320,432 280,805

Total liabilities and shareholders' equity $ 3,402,337 $ 3,192,146

Net interest income(2)

$ 29,613 $ 24,079

Interest rate spread 2.74 % 2.27 %

Net Interest Margin(3)

3.58 % 3.10 %

(1)Average balances and yields for securities are based on amortized cost.

(2)The adjustment for securities and loans taxable equivalency amounted to $111 thousand and $143 thousand for the quarters ended June 30, 2026 and 2025, respectively.

(3)Annualized net interest income as a percentage of earning assets.

(4)Yields are calculated using the contractual day count convention for each respective product type.

BANKWELL FINANCIAL GROUP, INC.

NET INTEREST MARGIN ANALYSIS ON A FULLY TAX EQUIVALENT BASIS - YTD (unaudited)

(Dollars in thousands)

For the Six Months Ended

June 30, 2026 June 30, 2025

Average

Balance Interest

Yield/

Rate (4)

Average

Balance Interest

Yield/

Rate (4)

Assets:

Cash and Fed funds sold $ 238,382 $ 3,859 3.26 % $ 322,498 $ 6,600 4.13 %

Securities(1)

194,382 3,771 3.88 150,059 3,011 4.01

Loans:

Commercial real estate 1,904,478 60,108 6.28 1,818,282 55,710 6.09

Residential real estate 30,931 879 5.68 39,544 1,230 6.22

Construction 158,465 5,715 7.17 187,674 7,320 7.76

Commercial business 700,801 26,433 7.50 533,310 21,204 7.91

Consumer 69,935 2,075 5.98 76,784 2,139 5.62

Total loans 2,864,610 95,210 6.61 2,655,594 87,603 6.56

Federal Home Loan Bank stock 5,111 153 6.05 4,799 196 8.21

Total earning assets 3,302,485 $ 102,993 6.20 % 3,132,950 $ 97,410 6.18 %

Other assets 89,445 89,353

Total assets $ 3,391,930 $ 3,222,303

Liabilities and shareholders' equity:

Interest bearing liabilities:

NOW $ 103,703 $ 108 0.21 % $ 103,675 $ 187 0.36 %

Money market 1,101,058 18,746 3.43 896,084 17,100 3.85

Savings 98,544 1,349 2.76 89,800 1,325 2.98

Time 1,163,863 22,989 3.98 1,325,630 29,243 4.45

Total interest bearing deposits 2,467,168 43,192 3.53 2,415,189 47,855 4.00

Borrowed Money 143,561 3,186 4.47 136,161 3,269 4.84

Total interest bearing liabilities 2,610,729 $ 46,378 3.58 % 2,551,350 $ 51,124 4.04 %

Noninterest bearing deposits 422,066 343,261

Other liabilities 45,207 49,752

Total liabilities 3,078,002 2,944,363

Shareholders' equity 313,928 277,940

Total liabilities and shareholders' equity $ 3,391,930 $ 3,222,303

Net interest income(2)

$ 56,615 $ 46,286

Interest rate spread 2.62 % 2.14 %

Net Interest Margin(3)

3.43 % 2.95 %

(1)Average balances and yields for securities are based on amortized cost.

(2)The adjustment for securities and loans taxable equivalency amounted to $225 thousand and $285 thousand for the six months ended June 30, 2026 and 2025, respectively.

(3)Annualized net interest income as a percentage of earning assets.

(4)Yields are calculated using the contractual day count convention for each respective product type.

EX-99.2

Filename: q22026bwfginvestorpresen.htm · Sequence: 3

q22026bwfginvestorpresen

• • • • • •

• • • • •

• • •

• •

• • •

• • • •

• •

• • •

19 • • •

• • • • • – – – –

GRAPHIC

Filename: q22026bwfginvestorpresen001.jpg · Sequence: 7

Binary file (69898 bytes)

Download q22026bwfginvestorpresen001.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen002.jpg · Sequence: 8

Binary file (205688 bytes)

Download q22026bwfginvestorpresen002.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen003.jpg · Sequence: 9

Binary file (123097 bytes)

Download q22026bwfginvestorpresen003.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen004.jpg · Sequence: 10

Binary file (160046 bytes)

Download q22026bwfginvestorpresen004.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen005.jpg · Sequence: 11

Binary file (107335 bytes)

Download q22026bwfginvestorpresen005.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen006.jpg · Sequence: 12

Binary file (77944 bytes)

Download q22026bwfginvestorpresen006.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen007.jpg · Sequence: 13

Binary file (86845 bytes)

Download q22026bwfginvestorpresen007.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen008.jpg · Sequence: 14

Binary file (78848 bytes)

Download q22026bwfginvestorpresen008.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen009.jpg · Sequence: 15

Binary file (100170 bytes)

Download q22026bwfginvestorpresen009.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen010.jpg · Sequence: 16

Binary file (71657 bytes)

Download q22026bwfginvestorpresen010.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen011.jpg · Sequence: 17

Binary file (108246 bytes)

Download q22026bwfginvestorpresen011.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen012.jpg · Sequence: 18

Binary file (70001 bytes)

Download q22026bwfginvestorpresen012.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen013.jpg · Sequence: 19

Binary file (88428 bytes)

Download q22026bwfginvestorpresen013.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen014.jpg · Sequence: 20

Binary file (120500 bytes)

Download q22026bwfginvestorpresen014.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen015.jpg · Sequence: 21

Binary file (30873 bytes)

Download q22026bwfginvestorpresen015.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen016.jpg · Sequence: 22

Binary file (92423 bytes)

Download q22026bwfginvestorpresen016.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen017.jpg · Sequence: 23

Binary file (106020 bytes)

Download q22026bwfginvestorpresen017.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen018.jpg · Sequence: 24

Binary file (118169 bytes)

Download q22026bwfginvestorpresen018.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen019.jpg · Sequence: 25

Binary file (83435 bytes)

Download q22026bwfginvestorpresen019.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen020.jpg · Sequence: 26

Binary file (103871 bytes)

Download q22026bwfginvestorpresen020.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen021.jpg · Sequence: 27

Binary file (70814 bytes)

Download q22026bwfginvestorpresen021.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen022.jpg · Sequence: 28

Binary file (146720 bytes)

Download q22026bwfginvestorpresen022.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen023.jpg · Sequence: 29

Binary file (71142 bytes)

Download q22026bwfginvestorpresen023.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen024.jpg · Sequence: 30

Binary file (94624 bytes)

Download q22026bwfginvestorpresen024.jpg

GRAPHIC

Filename: q22026bwfginvestorpresen025.jpg · Sequence: 31

Binary file (149365 bytes)

Download q22026bwfginvestorpresen025.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 33

v3.26.1

Cover

Jul. 23, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Jul. 23, 2026

Entity Registrant Name

Bankwell Financial Group, Inc.

Entity Incorporation, State

Entity File Number

001-36448

Entity Tax Identification Number

20-8251355

Entity Address, Street Name

258 Elm Street

Entity Address, City

New Canaan

Entity Address, State or Province

Entity Address, Postal Zip Code

06840

City Area Code

203

Local Phone Number

652-0166

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of Each Class

Common Stock, no par value pershare

Trading Symbol(s)

BWFG

Name of Each Exchange on Which Registered

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0001505732

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration