Bankwell Financial Group Investor Presentation — January 2022

Document content

4Q21 Earnings Conference Call

January 28, 2022Safe Harbor Statement

2“Safe Harbor” Statement under thePrivate Securities Litigation Reform Actof1995 :Statements

inthisPresentation relating toplans, strategies, economic performance andtrends, projections

ofresults ofspecific activities orinvestments andother statements thatarenotdescriptions of

historical facts may beforward -looking statements within themeaning ofthePrivate Securities

Litigation Reform Actof1995 ,Section 27AoftheSecurities Actof1933 andSection 21Eofthe

Securities Exchange Actof1934 .Forward -looking information isinherently subject torisks and

uncertainties, andactual results could differ materially from those currently anticipated duetoa

number offactors, which include, butarenotlimited to,riskfactors discussed intheCompany’s

Annual Report onForm 10-Kforthefiscal year ended December 31,2020 and inother

documents filed bytheCompany with theSecurities and Exchange Commission from time to

time.Forward -looking statements may beidentified byterms such as“may”, “will”, “should”,

“could”, “expects”, “plans”, “intends”, “anticipates”, “believes”, “estimates”, “predicts”, “forecasts”,

“goals”, “potential” or“continue” orsimilar terms orthenegative ofthese terms .Although we

believe that theexpectations reflected intheforward -looking statements arereasonable, we

cannot guarantee future results, levels ofactivity, performance orachievements .TheCompany

hasnoobligation toupdate these forward -looking statements .3 41 2Ensure appropriate risk -adjusted returns

for loans while optimizing costs of fundsMaintain strong historical loan growth

Average non -interest deposits increased 33.6% YoY

Record low cost of deposits at 0.25% in 4Q21; Loan

yields fell 2 bps QoQ ; Core Loan yields down 4 bps

Net interest income of $62.7MM increased 12.5% YoY;

Core net interest income of $61.1MM up 11.7% YoY

GAAP and Core NIM decreased 5 bps and 6 bps,

respectively, QoQLoan closings up 49% QoQ

Loans , excluding PPP, grew 0.9% QoQ

Loan pipeline strong at $429.3MM

~$232.9MM of PPP forgiveness over life of program

representing 75% of PPP originations/acquisitions;

Preview truncated — download the full document for the complete content.