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On Wednesday, Bankwell Financial Group, Inc. (NASDAQ:BWFG), a $269 million market cap financial institution that has delivered an impressive 51% return over the past year, announced the results of its Annual Meeting of Shareholders. The meeting, which took place on May 21, 2025, saw a significant turnout with over 6.5 million shares represented, out of the nearly 7.9 million shares outstanding as of the record date.
The shareholders voted on several key proposals, including the election of directors, approval of executive compensation, and the ratification of the company’s independent registered public accountants for the upcoming fiscal year.
All director nominees were elected for one-year terms with a majority of votes cast in their favor. The directors elected include Eric J. Dale, Darryl M. Demos, Blake S. Drexler, Jeffery R. Dunne, Christopher R. Gruseke, Anahaita N. Kotval, Todd H. Lampert, Kevin D. Leitão, Carl M. Porto, and Lawrence B. Seidman.
The advisory proposal on the company’s executive compensation was approved with 87.65% voting for and 4.96% against, while 7.39% abstained. There were 1,407,855 broker non-votes for this proposal.
Additionally, the selection of RSM US LLP as the independent registered public accountants for the fiscal year ending December 31, 2025, was ratified with an overwhelming 98.49% of votes for and 0.98% against. There were no broker non-votes on this proposal.
The company, headquartered in New Canaan, Connecticut, has confirmed that the necessary quorum was present and that the meeting proceeded as planned. The detailed voting results for each proposal were provided in the statement based on the press release.
In other recent news, Bankwell Financial Group Inc. reported impressive first-quarter earnings for 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $0.87, which was higher than the anticipated $0.73, marking an 81% increase from the same period last year. Revenue also exceeded forecasts, reaching $23.57 million compared to the expected $22.63 million. These results indicate strong operational execution and effective financial management. Additionally, Bankwell made strategic moves by adding deposit teams and appointing a new Chief Technology Officer, reflecting its commitment to growth and innovation. The firm provided guidance for 2025, projecting net interest income between $93 million and $95 million, with expectations of continued net interest margin expansion. Analysts from KBW noted the company’s robust commercial loan pipeline and strategic initiatives as positive indicators for future performance. Bankwell’s recent developments highlight its solid financial health and strategic direction.
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