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Bankwell Financial Group (BWFG) Financials

Bankwell Financial Group logo
$65.66 +0.34 (+0.52%)
Closing price 10/8/2026 04:00 PM Eastern
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$65.66 0.00 (-0.01%)
As of 07:52 AM Eastern
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Annual Income Statements for Bankwell Financial Group

Annual Income Statements for Bankwell Financial Group

This table shows Bankwell Financial Group's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 8.91 12 14 17 18 5.90 27 37 37 9.77 35
Consolidated Net Income / (Loss)		 9.03 12 14 17 18 5.90 27 37 37 9.77 35
Net Income / (Loss) Continuing Operations		 9.03 12 14 17 18 5.90 27 37 37 9.77 35
Total Pre-Tax Income 		14 18 25 21 23 7.30 34 48 48 13 48
Total Revenue		 46 52 59 60 59 58 74 98 99 87 108
Net Interest Income / (Expense)		 43 49 54 56 54 55 68 95 94 83 99
Total Interest Income		 51 61 71 80 83 77 81 118 188 192 198
Loans and Leases Interest Income		 49 58 67 75 77 74 78 111 170 173 181
Investment Securities Interest Income		 2.06 2.91 4.36 5.35 5.61 3.82 3.33 6.70 18 19 18
Total Interest Expense		 7.97 12 17 24 29 23 13 23 94 109 99
Deposits Interest Expense		 5.68 8.30 13 19 25 18 10 19 87 101 93
Long-Term Debt Interest Expense		 2.29 3.60 4.14 4.79 4.49 4.47 3.05 3.84 7.08 7.45 6.56
Total Non-Interest Income		 3.48 2.68 4.63 3.90 5.24 2.88 5.66 3.04 4.84 3.72 9.39
Other Service Charges		 1.64 0.54 0.94 1.64 1.45 1.07 1.94 0.74 1.68 1.84 2.89
Net Realized & Unrealized Capital Gains on Investments		 1.11 0.35 1.51 1.21 1.77 0.06 2.69 1.24 1.97 0.52 5.08
Other Non-Interest Income		 0.73 1.78 2.18 1.06 2.03 1.76 1.02 1.07 1.19 1.36 1.42
Provision for Credit Losses		 3.23 3.91 1.34 3.44 0.44 7.61 -0.06 5.44 0.87 23 1.04
Total Non-Interest Expense		 29 30 33 36 36 43 40 44 50 51 59
Salaries and Employee Benefits		 16 16 16 19 19 21 18 22 25 24 30
Net Occupancy & Equipment Expense		 6.86 7.41 8.03 8.82 9.66 14 13 11 12 13 13
Marketing Expense		 0.99 0.95 1.19 1.59 0.97 0.63 0.40 0.37 0.65 0.45 0.61
Property & Liability Insurance Claims		 0.67 0.66 1.12 0.78 0.07 0.79 1.23 1.64 4.16 3.35 2.69
Other Operating Expenses		 4.72 4.72 5.78 5.47 5.49 5.90 6.70 9.19 9.44 11 12
Income Tax Expense		 4.84 5.96 11 3.72 4.73 1.40 7.28 11 11 3.56 13
Basic Earnings per Share		 $1.23 $1.64 $1.80 $2.23 $2.32 $0.75 $3.38 $4.84 $4.71 $1.24 $4.49
Weighted Average Basic Shares Outstanding		 7.07M 7.40M 7.57M 7.72M 7.76M 7.73M 7.71M 7.56M 7.59M 7.71M 7.75M
Diluted Earnings per Share		 $1.21 $1.62 $1.78 $2.21 $2.31 $0.75 $3.36 $4.79 $4.67 $1.23 $4.45
Weighted Average Diluted Shares Outstanding		 7.14M 7.49M 7.67M 7.78M 7.78M 7.75M 7.76M 7.64M 7.65M 7.74M 7.83M
Weighted Average Basic & Diluted Shares Outstanding		 7.20M 7.50M 7.70M 7.85M 7.93M 7.97M 7.87M 7.84M 7.94M 7.91M 7.98M
Cash Dividends to Common per Share		 $0.05 $0.22 $0.28 $0.48 $0.52 $0.56 $0.64 $0.80 $0.80 $0.80 $0.80

Quarterly Income Statements for Bankwell Financial Group

This table shows Bankwell Financial Group's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
Consolidated Net Income / (Loss)		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
Net Income / (Loss) Continuing Operations		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
Total Pre-Tax Income 		11 5.08 1.47 2.71 4.06 8.97 12 13 14 14 16
Total Revenue		 23 22 22 22 21 24 26 28 30 30 33
Net Interest Income / (Expense)		 22 21 21 21 20 22 24 26 27 27 30
Total Interest Income		 49 48 48 48 48 48 49 51 51 51 52
Loans and Leases Interest Income		 44 43 43 44 43 43 44 46 47 47 48
Investment Securities Interest Income		 5.27 4.96 4.62 4.60 4.99 5.00 4.52 4.26 3.87 3.75 3.81
Total Interest Expense		 27 27 26 27 28 26 25 25 24 24 23
Deposits Interest Expense		 25 25 25 26 26 25 23 23 22 22 21
Long-Term Debt Interest Expense		 1.84 1.77 1.78 1.90 2.00 1.64 1.63 2.02 1.28 1.72 1.47
Total Non-Interest Income		 1.13 0.92 0.68 1.16 0.96 1.51 2.01 2.50 3.38 3.34 3.28
Other Service Charges		 0.73 0.27 -0.19 0.68 0.90 0.72 -0.09 0.76 0.83 -0.22 0.52
Net Realized & Unrealized Capital Gains on Investments		 0.08 0.32 0.05 0.13 0.02 0.44 1.08 1.37 2.18 2.43 2.40
Other Non-Interest Income		 0.32 0.33 0.83 0.35 0.04 0.34 1.03 0.36 0.36 1.14 0.37
Provision for Credit Losses		 -0.96 3.68 8.18 6.30 4.46 0.46 -0.41 0.37 0.62 -1.03 1.23
Total Non-Interest Expense		 13 13 12 13 13 14 15 15 15 17 15
Salaries and Employee Benefits		 6.09 6.29 6.18 6.22 5.06 7.05 7.52 8.00 7.72 9.83 8.68
Net Occupancy & Equipment Expense		 2.98 3.06 2.99 3.19 3.51 3.46 3.22 3.10 3.45 3.42 3.51
Marketing Expense		 0.14 0.11 0.09 0.07 0.18 0.14 0.22 0.14 0.11 0.13 0.13
Property & Liability Insurance Claims		 1.03 0.93 0.71 0.85 0.86 0.78 0.68 0.61 0.61 0.54 0.53
Other Operating Expenses		 2.63 2.90 2.28 2.53 3.05 2.71 2.91 2.78 3.58 2.97 2.41
Income Tax Expense		 2.95 1.32 0.36 0.79 1.10 2.08 2.73 3.40 5.09 3.09 3.93
Basic Earnings per Share		 $1.10 $0.48 $0.14 $0.24 $0.38 $0.88 $1.15 $1.28 $1.17 $1.42 $1.55
Weighted Average Basic Shares Outstanding		 7.59M 7.66M 7.75M 7.72M 7.71M 7.67M 7.78M 7.77M 7.75M 7.72M 7.86M
Diluted Earnings per Share		 $1.07 $0.48 $0.14 $0.24 $0.37 $0.87 $1.14 $1.27 $1.16 $1.41 $1.52
Weighted Average Diluted Shares Outstanding		 7.65M 7.69M 7.72M 7.72M 7.74M 7.74M 7.82M 7.84M 7.83M 7.80M 7.98M
Weighted Average Basic & Diluted Shares Outstanding		 7.94M 7.90M 7.86M 7.86M 7.91M 7.87M 7.88M 7.88M 7.98M 7.97M 7.97M
Cash Dividends to Common per Share		 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20 $0.20

Annual Cash Flow Statements for Bankwell Financial Group

This table details how cash moves in and out of Bankwell Financial Group's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 40 7.76 -26 7.38 -0.06 332 -65 11 -87 38 -83
Net Cash From Operating Activities		 13 17 21 20 6.63 -1.51 35 83 32 30 28
Net Cash From Continuing Operating Activities		 13 17 21 20 6.63 -1.51 35 83 32 30 28
Net Income / (Loss) Continuing Operations		 9.03 12 14 17 18 5.90 27 37 37 9.77 35
Consolidated Net Income / (Loss)		 9.03 12 14 17 18 5.90 27 37 37 9.77 35
Provision For Loan Losses		 3.23 3.91 1.34 3.44 0.44 7.61 -0.06 5.44 0.87 23 1.04
Depreciation Expense		 1.69 1.73 1.50 1.73 3.38 3.28 3.58 3.37 3.62 3.78 4.08
Amortization Expense		 -0.01 1.65 -0.06 0.24 -0.24 0.29 0.57 0.48 0.30 0.39 0.31
Non-Cash Adjustments to Reconcile Net Income		 -0.97 -1.12 3.37 0.36 -1.53 -0.86 0.10 -1.72 -0.30 0.66 -5.73
Changes in Operating Assets and Liabilities, net		 0.18 -1.15 0.62 -3.22 -14 -18 3.78 38 -9.23 -7.29 -6.63
Net Cash From Investing Activities		 -194 -292 -194 -75 19 -22 -270 -811 -48 -34 -165
Net Cash From Continuing Investing Activities		 -194 -292 -194 -75 19 -22 -270 -811 -48 -34 -165
Purchase of Property, Leasehold Improvements and Equipment		 -0.94 -8.40 -1.87 -3.35 -0.65 - 0.00 -4.96 -2.05 -0.61 -1.14
Purchase of Investment Securities		 -24 -132 -96 -35 -38 -21 -55 -40 -10 -31 -87
Sale and/or Maturity of Investments		 50 67 81 33 61 17 54 71 30 20 102
Other Investing Activities, net		 -219 -219 -178 -69 -3.36 -21 -273 -838 -66 -22 -179
Net Cash From Financing Activities		 220 282 148 62 -25 355 171 739 -70 42 54
Net Cash From Continuing Financing Activities		 220 282 148 62 -25 355 171 739 -70 42 54
Net Change in Deposits		 212 242 109 104 -10 335 297 677 -64 51 42
Issuance of Debt		 25 40 39 - - 0.00 -91 34 - 0.00 190
Repayment of Debt		 -9.00 - - -39 -10 25 -26 40 - 0.00 -170
Repurchase of Common Equity		 - - 0.00 0.00 -0.99 -1.04 -5.08 -5.54 0.00 -2.14 -1.33
Payment of Dividends		 -0.50 -1.66 -2.15 -3.76 -4.08 -4.39 -5.03 -6.19 -6.24 -6.28 -6.27
Cash Interest Paid		 7.54 12 17 19 24 23 14 18 86 109 99
Cash Income Taxes Paid		 6.14 8.58 8.02 3.69 2.89 4.03 5.09 12 12 0.00 0.00

Quarterly Cash Flow Statements for Bankwell Financial Group

This table details how cash moves in and out of Bankwell Financial Group's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 11 -22 3.75 40 16 -2.60 18 -27 -70 -7.02 -15
Net Cash From Operating Activities		 -0.53 9.03 7.15 -0.56 14 3.93 6.47 10 7.55 7.72 10
Net Cash From Continuing Operating Activities		 -0.53 9.03 7.15 -0.56 14 3.93 6.47 10 7.55 7.72 10
Net Income / (Loss) Continuing Operations		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
Consolidated Net Income / (Loss)		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
Provision For Loan Losses		 -0.96 3.68 8.18 6.30 4.46 0.46 -0.41 0.37 0.62 -1.03 1.23
Depreciation Expense		 0.94 0.94 0.93 0.93 0.97 0.97 1.00 1.04 1.07 1.11 1.07
Amortization Expense		 0.06 0.06 0.15 0.11 0.08 0.09 0.10 0.07 0.05 0.12 0.10
Non-Cash Adjustments to Reconcile Net Income		 0.51 0.72 -1.89 2.08 -0.25 -0.30 -2.26 0.05 -3.22 -1.67 -0.34
Changes in Operating Assets and Liabilities, net		 -9.61 -0.14 -1.35 -12 6.09 -4.20 -1.04 -1.28 -0.11 -2.08 -4.20
Net Cash From Investing Activities		 45 35 10 17 -96 83 -31 -34 -183 -19 -108
Net Cash From Continuing Investing Activities		 45 35 10 17 -96 83 -31 -34 -183 -19 -108
Purchase of Property, Leasehold Improvements and Equipment		 -0.25 -0.08 -0.37 -0.12 -0.05 -0.10 -0.38 -0.40 -0.27 -0.47 -0.19
Purchase of Investment Securities		 -9.86 0.03 -13 -6.66 -12 2.06 -11 -0.56 -77 1.97 -28
Sale and/or Maturity of Investments		 2.08 4.30 1.55 2.64 12 24 14 28 36 26 41
Other Investing Activities, net		 53 31 22 21 -96 57 -33 -61 -142 -46 -121
Net Cash From Financing Activities		 -33 -66 -14 24 98 -90 42 -3.43 106 4.04 84
Net Cash From Continuing Financing Activities		 -33 -66 -14 24 98 -90 42 -3.43 106 4.04 84
Net Change in Deposits		 -32 -63 -11 26 99 -37 8.84 -1.87 72 56 115
Issuance of Debt		 - - - - - 0.00 - - 80 45 75
Repayment of Debt		 - 0.00 - - - -50 35 -110 -45 -95 -105
Payment of Dividends		 -1.56 -1.58 -1.57 -1.56 -1.56 -1.57 -1.56 -1.57 -1.57 -1.58 -1.58
Cash Interest Paid		 31 27 27 29 26 26 25 25 24 24 23

Annual Balance Sheets for Bankwell Financial Group

This table presents Bankwell Financial Group's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 1,330 1,629 1,797 1,874 1,882 2,254 2,456 3,252 3,215 3,268 3,360
Cash and Due from Banks		 50 96 71 75 78 405 292 345 268 294 215
Federal Funds Sold		 39 0.33 0.19 2.70 0.00 4.26 53 11 1.64 14 10
Trading Account Securities		 51 105 114 117 101 107 108 122 128 146 192
Loans and Leases, Net of Allowance		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,646 2,685 2,673 2,804
Premises and Equipment, Net		 11 18 18 20 - 22 26 27 27 24 22
Goodwill		 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59
Other Assets		 47 63 70 70 1,700 1,713 1,975 99 104 115 114
Total Liabilities & Shareholders' Equity		 1,330 1,629 1,797 1,874 1,882 2,254 2,456 3,252 3,215 3,268 3,360
Total Liabilities		 1,199 1,483 1,636 1,699 1,700 2,077 2,254 3,014 2,950 2,998 3,058
Non-Interest Bearing Deposits		 165 188 173 173 192 270 399 405 346 322 404
Interest Bearing Deposits		 882 1,101 1,226 1,329 1,300 1,557 1,725 2,396 2,391 2,466 2,426
Long-Term Debt		 145 185 224 185 175 200 84 159 159 159 180
Other Long-Term Liabilities		 6.66 8.94 13 12 33 50 46 54 54 51 49
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 132 146 161 174 182 177 202 238 266 271 301
Total Preferred & Common Equity		 132 146 161 174 182 177 202 238 266 271 301
Total Common Equity		 132 146 161 174 182 177 202 238 266 271 301
Common Stock		 113 115 118 121 121 121 118 115 118 119 120
Retained Earnings		 19 30 41 55 69 71 92 124 149 153 182
Accumulated Other Comprehensive Income / (Loss)		 0.23 0.89 1.69 -1.04 -7.52 -16 -8.56 -0.19 -1.66 -1.24 -0.22

Quarterly Balance Sheets for Bankwell Financial Group

This table presents Bankwell Financial Group's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 3,250 3,155 3,142 3,161 3,184 3,237 3,244 3,374 3,476
Cash and Due from Banks		 257 245 234 276 292 314 290 209 191
Federal Funds Sold		 1.12 2.58 17 16 13 8.47 5.73 9.00 12
Trading Account Securities		 116 126 138 146 136 143 128 188 206
Loans and Leases, Net of Allowance		 2,735 2,647 2,617 2,592 2,611 2,636 2,684 2,833 2,925
Premises and Equipment, Net		 27 26 26 25 23 23 22 21 20
Goodwill		 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59 2.59
Other Assets		 111 106 107 105 106 110 111 112 119
Total Liabilities & Shareholders' Equity		 3,250 3,155 3,142 3,161 3,184 3,237 3,244 3,374 3,476
Total Liabilities		 2,992 2,887 2,875 2,893 2,909 2,953 2,951 3,062 3,152
Non-Interest Bearing Deposits		 345 376 328 296 350 397 397 428 472
Interest Bearing Deposits		 2,423 2,297 2,334 2,393 2,401 2,362 2,360 2,457 2,529
Long-Term Debt		 159 159 159 159 110 145 145 130 100
Other Long-Term Liabilities		 64 54 53 46 49 49 49 47 52
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 258 268 267 268 275 283 293 312 324
Total Preferred & Common Equity		 258 268 267 268 275 283 293 312 324
Total Common Equity		 258 268 267 268 275 283 293 312 324
Common Stock		 117 118 118 118 118 119 119 121 122
Retained Earnings		 142 151 151 151 158 165 174 191 202
Accumulated Other Comprehensive Income / (Loss)		 -1.52 -1.72 -1.96 -1.76 -1.20 -0.90 -0.57 -0.48 -0.57

Annual Metrics And Ratios for Bankwell Financial Group

This table displays calculated financial ratios and metrics derived from Bankwell Financial Group's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 7,301,785.00 7,571,658.00 7,717,345.00 7,842,246.00 7,841,103.00 7,896,503.00 7,842,824.00 7,710,331.00 7,841,616.00 - 7,877,443.00
DEI Adjusted Shares Outstanding		 7,301,785.00 7,571,658.00 7,717,345.00 7,842,246.00 7,841,103.00 7,896,503.00 7,842,824.00 7,710,331.00 7,841,616.00 - 7,877,443.00
DEI Earnings Per Adjusted Shares Outstanding		 1.24 1.63 1.79 2.22 2.32 0.75 3.39 4.85 4.68 - 4.47
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 33.34% 11.88% 13.96% 2.09% -2.03% -2.18% 27.42% 32.96% 1.56% -12.40% 24.51%
EBITDA Growth		 77.60% 39.48% 22.49% -12.98% 12.79% -58.35% 249.98% 36.33% 0.27% -66.33% 202.25%
EBIT Growth		 105.89% 32.00% 37.24% -15.82% 8.46% -68.18% 363.79% 41.71% 0.13% -72.26% 263.83%
NOPAT Growth		 97.68% 36.77% 11.98% 26.05% 4.49% -67.59% 350.30% 40.78% -2.05% -73.35% 260.27%
Net Income Growth		 97.68% 36.77% 11.98% 26.05% 4.49% -67.59% 350.30% 40.78% -2.05% -73.35% 260.27%
EPS Growth		 55.13% 33.88% 9.88% 24.16% 4.52% -67.53% 348.00% 42.56% -2.51% -73.66% 261.79%
Operating Cash Flow Growth		 43.38% 32.13% 18.42% -2.89% -66.81% -122.80% 2,385.58% 139.22% -61.38% -6.24% -5.56%
Free Cash Flow Firm Growth		 93.20% -338.94% 3.52% 207.08% -53.80% -166.88% 976.41% -162.87% 112.42% -47.93% -436.77%
Invested Capital Growth		 7.19% 19.57% 16.37% -6.69% -0.49% 5.38% -24.00% 38.75% 6.93% 1.18% 11.91%
Revenue Q/Q Growth		 3.24% 3.26% 3.09% -0.64% -1.89% 2.10% 6.73% 8.41% -3.84% -2.48% 9.24%
EBITDA Q/Q Growth		 15.36% 12.12% 3.93% -14.44% 5.46% -25.09% 33.14% 0.98% 1.70% -29.62% 24.02%
EBIT Q/Q Growth		 28.61% 6.59% 9.59% -15.55% 4.17% -33.59% 37.56% 1.36% 1.86% -35.73% 26.55%
NOPAT Q/Q Growth		 26.49% 6.05% -8.15% 7.16% 1.17% -34.69% 39.13% 0.56% 1.39% -36.27% 21.30%
Net Income Q/Q Growth		 26.49% 6.05% -8.15% 7.16% 1.17% -34.69% 39.13% 0.56% 1.39% -36.27% 21.30%
EPS Q/Q Growth		 30.11% 6.58% -8.72% 6.76% 1.32% -34.21% 39.42% 0.63% 1.08% -36.27% 21.58%
Operating Cash Flow Q/Q Growth		 -24.42% 20.51% 3.68% -8.24% 262.55% -225.06% -6.94% 19.15% -36.33% 98.33% -19.31%
Free Cash Flow Firm Q/Q Growth		 87.81% 13.11% -77.46% 192.39% -57.25% 6.41% 14.64% -19.39% -4.38% -5.28% -184.72%
Invested Capital Q/Q Growth		 -1.44% -2.84% 1.78% -5.41% 1.82% 0.63% -1.76% 1.80% 1.91% 0.62% 10.00%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 33.61% 41.90% 45.04% 38.39% 44.20% 18.82% 51.69% 53.00% 52.33% 20.11% 48.82%
EBIT Margin		 29.98% 35.37% 42.60% 35.12% 38.88% 12.65% 46.04% 49.07% 48.38% 15.32% 44.77%
Profit (Net Income) Margin		 19.52% 23.86% 23.44% 28.95% 30.87% 10.23% 36.15% 38.28% 36.92% 11.23% 32.49%
Tax Burden Percent		 65.10% 67.45% 55.04% 82.41% 79.40% 80.87% 78.52% 78.00% 76.31% 73.30% 72.58%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 34.90% 32.55% 44.96% 17.59% 20.60% 19.13% 21.48% 22.00% 23.69% 26.70% 27.42%
Return on Invested Capital (ROIC)		 3.38% 4.06% 3.86% 4.68% 5.08% 1.61% 8.02% 10.95% 8.92% 2.29% 7.73%
ROIC Less NNEP Spread (ROIC-NNEP)		 3.38% 4.06% 3.86% 4.68% 5.08% 1.61% 8.02% 10.95% 8.92% 2.29% 7.73%
Return on Net Nonoperating Assets (RNNOA)		 3.54% 4.83% 5.15% 5.72% 5.14% 1.68% 6.03% 6.05% 5.63% 1.36% 4.58%
Return on Equity (ROE)		 6.92% 8.90% 9.01% 10.40% 10.22% 3.29% 14.04% 17.00% 14.54% 3.64% 12.31%
Cash Return on Invested Capital (CROIC)		 -3.56% -13.77% -11.27% 11.61% 5.57% -3.64% 35.28% -21.52% 2.22% 1.11% -3.52%
Operating Return on Assets (OROA)		 1.14% 1.24% 1.47% 1.15% 1.22% 0.35% 1.44% 1.68% 1.49% 0.41% 1.46%
Return on Assets (ROA)		 0.74% 0.83% 0.81% 0.95% 0.97% 0.29% 1.13% 1.31% 1.13% 0.30% 1.06%
Return on Common Equity (ROCE)		 6.63% 8.90% 9.01% 10.40% 10.22% 3.29% 14.04% 17.00% 14.54% 3.64% 12.31%
Return on Equity Simple (ROE_SIMPLE)		 6.85% 8.47% 8.59% 10.01% 9.99% 3.34% 13.16% 15.70% 13.80% 3.61% 11.67%
Net Operating Profit after Tax (NOPAT)		 9.03 12 14 17 18 5.90 27 37 37 9.77 35
NOPAT Margin		 19.52% 23.86% 23.44% 28.95% 30.87% 10.23% 36.15% 38.28% 36.92% 11.23% 32.49%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 50.97% 46.39% 43.24% 48.79% 50.96% 62.59% 43.26% 34.29% 37.05% 42.46% 40.73%
Operating Expenses to Revenue		 63.04% 57.07% 55.13% 59.17% 60.38% 74.17% 54.04% 45.37% 50.75% 58.68% 54.27%
Earnings before Interest and Taxes (EBIT)		 14 18 25 21 23 7.30 34 48 48 13 48
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 16 22 27 23 26 11 38 52 52 17 53
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.91 1.40 1.38 1.10 1.08 0.78 1.17 0.90 0.86 0.90 1.19
Price to Tangible Book Value (P/TBV)		 0.93 1.43 1.41 1.12 1.09 0.80 1.19 0.91 0.87 0.91 1.20
Price to Revenue (P/Rev)		 2.58 3.96 3.77 3.19 3.33 2.40 3.22 2.20 2.30 2.80 3.32
Price to Earnings (P/E)		 13.42 16.59 16.08 11.01 10.78 23.45 8.89 5.74 6.22 24.90 10.21
Dividend Yield		 0.31% 1.00% 0.97% 1.96% 2.08% 3.19% 2.12% 3.59% 2.75% 2.58% 1.75%
Earnings Yield		 7.45% 6.03% 6.22% 9.08% 9.28% 4.26% 11.24% 17.42% 16.07% 4.02% 9.79%
Enterprise Value to Invested Capital (EV/IC)		 0.64 0.89 0.98 0.83 0.82 0.00 0.00 0.05 0.28 0.22 0.65
Enterprise Value to Revenue (EV/Rev)		 3.80 5.67 6.37 4.96 4.97 0.00 0.00 0.19 1.19 1.09 2.90
Enterprise Value to EBITDA (EV/EBITDA)		 11.31 13.53 14.14 12.93 11.26 0.00 0.00 0.35 2.27 5.44 5.94
Enterprise Value to EBIT (EV/EBIT)		 12.68 16.03 14.96 14.13 12.79 0.00 0.00 0.38 2.46 7.14 6.48
Enterprise Value to NOPAT (EV/NOPAT)		 19.48 23.77 27.17 17.15 16.11 0.00 0.00 0.48 3.22 9.74 8.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 13.38 16.90 18.27 14.97 44.27 0.00 0.00 0.22 3.70 3.18 11.12
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 6.92 14.70 0.00 0.00 0.00 12.94 20.01 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.10 1.27 1.39 1.06 0.96 1.13 0.42 0.67 0.60 0.59 0.60
Long-Term Debt to Equity		 1.10 1.27 1.39 1.06 0.96 1.13 0.42 0.67 0.60 0.59 0.60
Financial Leverage		 1.05 1.19 1.33 1.22 1.01 1.05 0.75 0.55 0.63 0.59 0.59
Leverage Ratio		 9.31 10.66 11.16 10.95 10.53 11.52 12.44 12.96 12.83 12.09 11.59
Compound Leverage Factor		 9.31 10.66 11.16 10.95 10.53 11.52 12.44 12.96 12.83 12.09 11.59
Debt to Total Capital		 52.39% 55.92% 58.19% 51.52% 48.99% 53.14% 29.48% 40.00% 37.46% 37.08% 37.34%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 52.39% 55.92% 58.19% 51.52% 48.99% 53.14% 29.48% 40.00% 37.46% 37.08% 37.34%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 47.61% 44.08% 41.81% 48.48% 51.01% 46.86% 70.52% 60.00% 62.54% 62.92% 62.66%
Debt to EBITDA		 9.32 8.53 8.43 8.01 6.72 18.44 2.22 3.07 3.06 9.11 3.40
Net Debt to EBITDA		 3.63 4.09 5.77 4.63 3.73 -19.27 -6.85 -3.80 -2.12 -8.46 -0.86
Long-Term Debt to EBITDA		 9.32 8.53 8.43 8.01 6.72 18.44 2.22 3.07 3.06 9.11 3.40
Debt to NOPAT		 16.06 14.98 16.20 10.62 9.62 33.92 3.18 4.25 4.34 16.32 5.11
Net Debt to NOPAT		 6.25 7.18 11.09 6.14 5.33 -35.46 -9.79 -5.26 -3.00 -15.16 -1.28
Long-Term Debt to NOPAT		 16.06 14.98 16.20 10.62 9.62 33.92 3.18 4.25 4.34 16.32 5.11
Noncontrolling Interest Sharing Ratio		 4.21% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -9.53 -42 -40 43 20 -13 117 -74 9.13 4.76 -16
Operating Cash Flow to CapEx		 1,401.71% 206.78% 1,097.76% 596.15% 1,028.06% 0.00% 0.00% 1,667.37% 1,561.22% 4,883.52% 2,471.42%
Free Cash Flow to Firm to Interest Expense		 -1.20 -3.52 -2.40 1.82 0.68 -0.59 8.67 -3.17 0.10 0.04 -0.16
Operating Cash Flow to Interest Expense		 1.65 1.46 1.22 0.84 0.23 -0.07 2.56 3.56 0.34 0.28 0.28
Operating Cash Flow Less CapEx to Interest Expense		 1.53 0.75 1.11 0.70 0.21 0.08 2.88 3.35 0.32 0.27 0.27
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 4.01 3.57 3.27 3.17 0.00 0.00 3.11 3.70 3.66 3.42 4.77
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 277 331 385 359 358 377 286 397 425 430 481
Invested Capital Turnover		 0.17 0.17 0.16 0.16 0.16 0.16 0.22 0.29 0.24 0.20 0.24
Increase / (Decrease) in Invested Capital		 19 54 54 -26 -1.75 19 -90 111 28 5.01 51
Enterprise Value (EV)		 176 294 376 299 294 -71 -24 18 118 95 314
Market Capitalization		 119 205 222 192 196 138 236 215 228 243 359
Book Value per Share		 $18.05 $19.27 $20.87 $22.21 $23.26 $22.36 $25.75 $30.93 $33.89 $34.42 $38.27
Tangible Book Value per Share		 $17.60 $18.86 $20.48 $21.85 $22.90 $22.03 $25.42 $30.59 $33.56 $34.09 $37.94
Total Capital		 277 331 385 359 358 377 286 397 425 430 481
Total Debt		 145 185 224 185 175 200 84 159 159 159 180
Total Long-Term Debt		 145 185 224 185 175 200 84 159 159 159 180
Net Debt		 56 89 153 107 97 -209 -260 -197 -110 -148 -45
Capital Expenditures (CapEx)		 0.94 8.40 1.87 3.35 0.65 -3.34 -4.26 4.96 2.05 0.61 1.14
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 145 185 224 185 175 200 84 159 159 159 180
Total Depreciation and Amortization (D&A)		 1.68 3.38 1.44 1.97 3.14 3.56 4.15 3.84 3.92 4.17 4.39
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.23 $1.64 $1.80 $2.23 $2.32 $0.75 $3.38 $4.84 $4.71 $1.24 $4.49
Adjusted Weighted Average Basic Shares Outstanding		 7.07M 7.40M 7.57M 7.72M 7.76M 7.73M 7.71M 7.56M 7.59M 7.71M 7.75M
Adjusted Diluted Earnings per Share		 $1.21 $1.62 $1.78 $2.21 $2.31 $0.75 $3.36 $4.79 $4.67 $1.23 $4.45
Adjusted Weighted Average Diluted Shares Outstanding		 7.14M 7.49M 7.67M 7.78M 7.78M 7.75M 7.76M 7.64M 7.65M 7.74M 7.83M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.53M 7.63M 7.81M 7.85M 7.93M 7.97M 7.87M 7.84M 7.94M 7.91M 7.98M
Normalized Net Operating Profit after Tax (NOPAT)		 9.03 12 14 17 18 5.90 27 37 37 9.77 35
Normalized NOPAT Margin		 19.52% 23.86% 23.44% 28.95% 30.87% 10.23% 36.15% 38.28% 36.92% 11.23% 32.49%
Pre Tax Income Margin		 29.98% 35.37% 42.60% 35.12% 38.88% 12.65% 46.04% 49.07% 48.38% 15.32% 44.77%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 1.74 1.54 1.49 0.89 0.79 0.32 2.51 2.07 0.51 0.12 0.49
NOPAT to Interest Expense		 1.13 1.04 0.82 0.73 0.62 0.26 1.97 1.61 0.39 0.09 0.35
EBIT Less CapEx to Interest Expense		 1.62 0.83 1.38 0.75 0.76 0.47 2.83 1.85 0.49 0.12 0.48
NOPAT Less CapEx to Interest Expense		 1.02 0.33 0.71 0.59 0.60 0.41 2.29 1.40 0.37 0.08 0.34
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 5.55% 13.45% 15.54% 21.56% 22.39% 74.34% 18.90% 16.54% 17.02% 64.31% 17.81%
Augmented Payout Ratio		 5.55% 13.45% 15.54% 21.56% 27.82% 91.90% 38.00% 31.34% 17.02% 86.18% 21.60%

Quarterly Metrics And Ratios for Bankwell Financial Group

This table displays calculated financial ratios and metrics derived from Bankwell Financial Group's official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 7,841,616.00 7,937,477.00 7,898,436.00 7,856,829.00 - 7,907,311.00 7,873,387.00 7,877,443.00 7,877,443.00 7,976,788.00 7,973,180.00
DEI Adjusted Shares Outstanding		 7,841,616.00 7,937,477.00 7,898,436.00 7,856,829.00 - 7,907,311.00 7,873,387.00 7,877,443.00 7,877,443.00 7,976,788.00 7,973,180.00
DEI Earnings Per Adjusted Shares Outstanding		 1.09 0.47 0.14 0.25 - 0.87 1.15 1.28 1.16 1.41 1.55
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -14.50% -18.49% -13.74% -6.83% -9.46% 6.84% 18.47% 30.22% 43.28% 28.25% 26.34%
EBITDA Growth		 7.50% -58.12% -77.05% -72.87% -59.04% 65.04% 404.85% 288.78% 200.51% 55.39% 35.24%
EBIT Growth		 8.27% -62.49% -85.51% -78.90% -64.59% 76.45% 701.42% 397.01% 250.55% 60.24% 37.98%
NOPAT Growth		 6.27% -63.74% -86.00% -80.30% -65.24% 83.05% 712.88% 423.26% 208.61% 63.69% 36.14%
Net Income Growth		 6.27% -63.74% -86.00% -80.30% -65.24% 83.05% 712.88% 423.26% 208.61% 63.69% 36.14%
EPS Growth		 4.90% -63.91% -86.27% -80.80% -65.42% 81.25% 721.43% 429.17% 213.51% 62.07% 33.33%
Operating Cash Flow Growth		 -102.98% 26.94% -43.39% -104.38% 2,816.32% -56.53% -9.48% 1,954.58% -47.28% 96.79% 58.01%
Free Cash Flow Firm Growth		 81.54% 76.93% 50.52% 50.19% 89.21% 322.71% 143.54% 99.59% -1,951.24% -192.24% 124.71%
Invested Capital Growth		 6.93% 6.47% 4.51% 2.47% 1.18% -9.96% 0.37% 2.37% 11.91% 14.79% -1.06%
Revenue Q/Q Growth		 -0.44% -5.61% -0.73% -0.13% -3.25% 11.38% 10.08% 9.77% 6.46% -0.31% 8.45%
EBITDA Q/Q Growth		 -9.82% -51.27% -57.92% 46.68% 36.17% 96.38% 28.72% 12.95% 5.25% 1.54% 12.03%
EBIT Q/Q Growth		 -10.75% -55.69% -71.00% 83.99% 49.74% 120.81% 31.74% 14.10% 5.62% 0.93% 13.44%
NOPAT Q/Q Growth		 -12.82% -55.85% -70.29% 72.27% 53.84% 132.47% 31.94% 10.89% -9.27% 23.30% 9.73%
Net Income Q/Q Growth		 -12.82% -55.85% -70.29% 72.27% 53.84% 132.47% 31.94% 10.89% -9.27% 23.30% 9.73%
EPS Q/Q Growth		 -14.40% -55.14% -70.83% 71.43% 54.17% 135.14% 32.18% 10.43% -8.66% 21.55% 7.80%
Operating Cash Flow Q/Q Growth		 -104.15% 1,813.28% -20.82% -107.79% 2,670.02% -72.58% 64.87% 59.64% -26.94% 2.35% 32.38%
Free Cash Flow Firm Q/Q Growth		 -12.92% -16.85% 22.14% 51.51% 75.54% 2,511.46% -84.78% -100.45% -123,638.24% -8.44% 137.08%
Invested Capital Q/Q Growth		 1.91% 0.55% -0.23% 0.24% 0.62% -10.52% 11.21% 2.24% 10.00% -8.22% -4.14%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 53.37% 27.55% 11.68% 17.15% 24.14% 42.57% 49.77% 51.21% 50.63% 51.57% 53.27%
EBIT Margin		 49.07% 23.04% 6.73% 12.40% 19.19% 38.04% 45.53% 47.32% 46.95% 47.53% 49.72%
Profit (Net Income) Margin		 36.47% 17.06% 5.10% 8.81% 14.00% 29.22% 35.02% 35.38% 30.16% 37.30% 37.74%
Tax Burden Percent		 74.32% 74.05% 75.85% 71.02% 72.96% 76.82% 76.93% 74.77% 64.23% 78.47% 75.90%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 25.68% 25.95% 24.15% 28.98% 27.04% 23.19% 23.07% 25.23% 35.77% 21.53% 24.10%
Return on Invested Capital (ROIC)		 8.81% 3.88% 1.11% 1.86% 2.85% 6.37% 7.59% 8.12% 7.17% 10.38% 10.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 8.81% 3.88% 1.11% 1.86% 2.85% 6.37% 7.59% 8.12% 7.17% 10.38% 10.80%
Return on Net Nonoperating Assets (RNNOA)		 5.56% 2.42% 0.69% 1.13% 1.69% 3.15% 4.19% 4.40% 4.25% 4.23% 4.35%
Return on Equity (ROE)		 14.37% 6.30% 1.80% 2.99% 4.54% 9.52% 11.78% 12.52% 11.42% 14.61% 15.15%
Cash Return on Invested Capital (CROIC)		 2.22% 0.98% 1.14% 1.19% 1.11% 13.66% 4.52% 4.37% -3.52% -4.19% 11.14%
Operating Return on Assets (OROA)		 1.51% 0.68% 0.19% 0.35% 0.51% 1.06% 1.32% 1.47% 1.53% 1.67% 1.80%
Return on Assets (ROA)		 1.12% 0.50% 0.15% 0.25% 0.38% 0.82% 1.02% 1.10% 0.99% 1.31% 1.37%
Return on Common Equity (ROCE)		 14.37% 6.30% 1.80% 2.99% 4.54% 9.52% 11.78% 12.52% 11.42% 14.61% 15.15%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 11.21% 8.68% 5.72% 0.00% 4.69% 7.37% 9.91% 0.00% 12.69% 13.25%
Net Operating Profit after Tax (NOPAT)		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
NOPAT Margin		 36.47% 17.06% 5.10% 8.81% 14.00% 29.22% 35.02% 35.38% 30.16% 37.30% 37.74%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 39.38% 42.91% 42.27% 43.35% 41.28% 45.20% 42.22% 39.45% 37.19% 44.25% 37.57%
Operating Expenses to Revenue		 55.04% 60.27% 55.91% 58.82% 59.75% 59.99% 56.06% 51.37% 51.02% 55.87% 46.53%
Earnings before Interest and Taxes (EBIT)		 11 5.08 1.47 2.71 4.06 8.97 12 13 14 14 16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 12 6.08 2.56 3.75 5.11 10 13 15 15 16 17
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.86 0.75 0.73 0.86 0.90 0.85 1.00 1.19 1.19 1.24 1.45
Price to Tangible Book Value (P/TBV)		 0.87 0.75 0.74 0.87 0.91 0.86 1.01 1.20 1.20 1.25 1.46
Price to Revenue (P/Rev)		 2.30 2.12 2.15 2.58 2.80 2.64 3.07 3.52 3.32 3.37 3.85
Price to Earnings (P/E)		 6.22 6.66 8.42 14.99 24.90 18.15 13.60 12.01 10.21 9.78 10.93
Dividend Yield		 2.75% 3.17% 3.24% 2.74% 2.58% 2.70% 2.22% 1.81% 1.75% 1.65% 1.36%
Earnings Yield		 16.07% 15.02% 11.88% 6.67% 4.02% 5.51% 7.36% 8.32% 9.79% 10.23% 9.15%
Enterprise Value to Invested Capital (EV/IC)		 0.28 0.26 0.24 0.23 0.22 0.10 0.25 0.45 0.65 0.68 0.86
Enterprise Value to Revenue (EV/Rev)		 1.19 1.18 1.14 1.10 1.09 0.44 1.14 2.00 2.90 2.60 3.00
Enterprise Value to EBITDA (EV/EBITDA)		 2.27 2.56 2.95 3.94 5.44 1.80 3.33 4.64 5.94 5.11 5.79
Enterprise Value to EBIT (EV/EBIT)		 2.46 2.82 3.34 4.72 7.14 2.24 3.84 5.16 6.48 5.55 6.25
Enterprise Value to NOPAT (EV/NOPAT)		 3.22 3.72 4.45 6.38 9.74 3.00 5.07 6.82 8.93 7.55 8.51
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.70 3.30 3.64 6.48 3.18 1.56 4.38 5.65 11.12 9.32 10.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 12.94 27.39 21.60 19.49 20.01 0.70 5.48 10.47 0.00 0.00 7.70
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.60 0.59 0.60 0.59 0.59 0.40 0.51 0.49 0.60 0.42 0.31
Long-Term Debt to Equity		 0.60 0.59 0.60 0.59 0.59 0.40 0.51 0.49 0.60 0.42 0.31
Financial Leverage		 0.63 0.62 0.62 0.61 0.59 0.49 0.55 0.54 0.59 0.41 0.40
Leverage Ratio		 12.83 12.56 12.40 12.19 12.09 11.67 11.59 11.42 11.59 11.17 11.06
Compound Leverage Factor		 12.83 12.56 12.40 12.19 12.09 11.67 11.59 11.42 11.59 11.17 11.06
Debt to Total Capital		 37.46% 37.27% 37.37% 37.30% 37.08% 28.47% 33.79% 33.07% 37.34% 29.38% 23.58%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 37.46% 37.27% 37.37% 37.30% 37.08% 28.47% 33.79% 33.07% 37.34% 29.38% 23.58%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 62.54% 62.73% 62.63% 62.70% 62.92% 71.53% 66.21% 66.93% 62.66% 70.62% 76.42%
Debt to EBITDA		 3.06 3.66 4.56 6.41 9.11 5.11 4.55 3.39 3.40 2.22 1.58
Net Debt to EBITDA		 -2.12 -2.03 -2.63 -5.31 -8.46 -9.11 -5.59 -3.53 -0.86 -1.51 -1.64
Long-Term Debt to EBITDA		 3.06 3.66 4.56 6.41 9.11 5.11 4.55 3.39 3.40 2.22 1.58
Debt to NOPAT		 4.34 5.30 6.87 10.40 16.32 8.49 6.93 4.98 5.11 3.28 2.33
Net Debt to NOPAT		 -3.00 -2.94 -3.97 -8.61 -15.16 -15.15 -8.53 -5.19 -1.28 -2.23 -2.42
Long-Term Debt to NOPAT		 4.34 5.30 6.87 10.40 16.32 8.49 6.93 4.98 5.11 3.28 2.33
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -19 -22 -17 -8.38 -2.05 49 7.53 -0.03 -42 -46 17
Operating Cash Flow to CapEx		 -214.23% 10,878.31% 1,937.40% -484.35% 31,119.57% 4,046.39% 1,711.90% 2,556.93% 2,847.92% 1,643.40% 5,353.40%
Free Cash Flow to Firm to Interest Expense		 -0.70 -0.82 -0.65 -0.31 -0.07 1.87 0.30 0.00 -1.78 -1.93 0.74
Operating Cash Flow to Interest Expense		 -0.02 0.33 0.27 -0.02 0.52 0.15 0.26 0.42 0.32 0.33 0.45
Operating Cash Flow Less CapEx to Interest Expense		 -0.03 0.33 0.26 -0.02 0.52 0.14 0.25 0.40 0.31 0.31 0.44
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04
Fixed Asset Turnover		 3.66 3.51 3.41 3.45 3.42 3.60 3.81 4.20 4.77 5.24 5.65
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 425 427 426 427 430 385 428 437 481 442 423
Invested Capital Turnover		 0.24 0.23 0.22 0.21 0.20 0.22 0.22 0.23 0.24 0.28 0.29
Increase / (Decrease) in Invested Capital		 28 26 18 10 5.01 -43 1.56 10 51 57 -4.54
Enterprise Value (EV)		 118 112 103 98 95 39 106 198 314 299 365
Market Capitalization		 228 200 195 230 243 234 284 349 359 387 468
Book Value per Share		 $33.89 $33.77 $33.80 $34.73 $34.42 $34.81 $35.98 $37.17 $38.27 $39.10 $40.57
Tangible Book Value per Share		 $33.56 $33.44 $33.47 $34.39 $34.09 $34.48 $35.65 $36.84 $37.94 $38.77 $40.25
Total Capital		 425 427 426 427 430 385 428 437 481 442 423
Total Debt		 159 159 159 159 159 110 145 145 180 130 100
Total Long-Term Debt		 159 159 159 159 159 110 145 145 180 130 100
Net Debt		 -110 -88 -92 -132 -148 -195 -178 -151 -45 -88 -104
Capital Expenditures (CapEx)		 0.25 0.08 0.37 0.12 0.05 0.10 0.38 0.40 0.27 0.47 0.19
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 159 159 159 159 159 110 145 145 180 130 100
Total Depreciation and Amortization (D&A)		 1.00 1.00 1.08 1.04 1.05 1.07 1.10 1.11 1.12 1.22 1.17
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.10 $0.48 $0.14 $0.24 $0.38 $0.88 $1.16 $1.28 $1.17 $1.42 $1.55
Adjusted Weighted Average Basic Shares Outstanding		 7.59M 7.66M 7.75M 7.72M 7.71M 7.67M 7.78M 7.77M 7.75M 7.72M 7.86M
Adjusted Diluted Earnings per Share		 $1.07 $0.48 $0.14 $0.24 $0.37 $0.87 $1.15 $1.27 $1.16 $1.41 $1.52
Adjusted Weighted Average Diluted Shares Outstanding		 7.65M 7.69M 7.72M 7.72M 7.74M 7.74M 7.82M 7.84M 7.83M 7.80M 7.98M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 7.94M 7.90M 7.86M 7.86M 7.91M 7.87M 7.88M 7.88M 7.98M 7.97M 7.97M
Normalized Net Operating Profit after Tax (NOPAT)		 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11 12
Normalized NOPAT Margin		 36.47% 17.06% 5.10% 8.81% 14.00% 29.22% 35.02% 35.38% 30.16% 37.30% 37.74%
Pre Tax Income Margin		 49.07% 23.04% 6.73% 12.40% 19.19% 38.04% 45.53% 47.32% 46.95% 47.53% 49.72%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.42 0.19 0.06 0.10 0.15 0.34 0.48 0.55 0.60 0.61 0.72
NOPAT to Interest Expense		 0.31 0.14 0.04 0.07 0.11 0.26 0.37 0.41 0.39 0.48 0.54
EBIT Less CapEx to Interest Expense		 0.41 0.18 0.04 0.09 0.15 0.34 0.46 0.53 0.59 0.59 0.71
NOPAT Less CapEx to Interest Expense		 0.30 0.14 0.03 0.07 0.11 0.26 0.35 0.39 0.38 0.46 0.54
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 17.02% 20.84% 27.07% 40.96% 64.31% 48.65% 30.03% 21.59% 17.81% 15.85% 14.67%
Augmented Payout Ratio		 17.02% 23.91% 35.29% 54.90% 86.18% 65.16% 37.53% 26.19% 21.60% 17.30% 15.02%

Financials Breakdown Chart

Key Financial Trends

Bankwell Financial Group’s financial results show a substantial recovery in profitability since 2024, supported by loan growth, improving net interest income and stronger capital. However, the bank continues to face liquidity and funding risks, while recent cash flow has been heavily influenced by investment activity and debt transactions.

Profitability has strengthened considerably. Net income increased to $12.4 million in Q2 2026 from $11.3 million in Q1 2026 and $9.1 million in Q4 2025. This represents a sharp improvement from the $1.1 million reported in Q2 2024. Diluted earnings per share rose to $1.52 in Q2 2026, compared with $1.14 in Q2 2025 and just $0.14 in Q2 2024.

Net interest income reached $29.5 million in Q2 2026, up from $26.9 million in Q4 2025 and $23.9 million in Q2 2025. Loan interest income has been the primary driver, increasing to $48.4 million from $44.1 million in Q2 2025. The improvement in net interest income suggests that loan growth and lower funding costs are currently outweighing pressure from deposit pricing.

The balance sheet has also expanded. Total assets reached $3.48 billion at June 30, 2026, compared with $3.24 billion in Q3 2024. Net loans increased to $2.92 billion from $2.62 billion over the same period, while total deposits rose to approximately $3.00 billion from $2.73 billion. Total common equity increased to $323.5 million from $266.98 million in Q2 2024, strengthening the company’s capital base.

  • Strong earnings momentum: Quarterly net income has risen from $1.1 million in Q2 2024 to $12.4 million in Q2 2026, with diluted EPS increasing to $1.52.
  • Net interest income growth: Net interest income increased approximately 23% from Q2 2025 to Q2 2026, reaching $29.5 million.
  • Loan and deposit expansion: Net loans and deposits have grown over the past several years, supporting revenue growth and the bank’s earning-asset base.
  • Improving capital position: Common equity increased to $323.5 million, up from $267.0 million in Q2 2024. The equity-to-assets ratio also improved to roughly 9.3% from about 8.5%.
  • Credit costs are more manageable than in 2024: The Q2 2026 provision for credit losses was $1.2 million, well below the $8.2 million provision recorded in Q2 2024.
  • Positive operating cash flow: Operating cash flow was $10.2 million in Q2 2026, up from $7.7 million in Q1 2026 and $6.5 million in Q2 2025.
  • Noninterest income remains relatively small and variable: Q2 2026 noninterest income was $3.3 million, with $2.4 million coming from realized and unrealized investment gains. This provides diversification but may not be recurring.
  • Dividend consistency: The quarterly cash dividend remained at $0.20 per share throughout the reported periods, providing income to shareholders but also requiring ongoing capital allocation.
  • Cash balances have declined: Cash and due from banks fell to $191.4 million at June 30, 2026, from $313.998 million in Q2 2025 and $208.9 million in Q1 2026.
  • Investing activity is absorbing substantial cash: Q2 2026 investing cash flow was negative $108.4 million, driven primarily by $121.0 million of other investing outflows. Financing cash flow of $83.7 million helped offset this pressure, but it included $75 million of debt issuance and a larger $115.3 million increase in deposits.

Overall, BWFG’s operating trend is favorable. Earnings, loans, deposits and equity have all moved higher from the weak 2024 period, and credit-loss provisions have normalized. Investors should nevertheless monitor the decline in cash, the bank’s reliance on deposit growth and debt funding, the sustainability of investment gains, and whether operating expenses continue to rise alongside revenue.

10/09/26 07:57 AM ETAI Generated. May Contain Errors.

Bankwell Financial Group Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Bankwell Financial Group's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Bankwell Financial Group's net income appears to be on an upward trend, with a most recent value of $35.20 million in 2025, rising from $9.03 million in 2015. The previous period was $9.77 million in 2024. Check out Bankwell Financial Group's forecast to explore projected trends and price targets.

Over the last 10 years, Bankwell Financial Group's total revenue changed from $46.27 million in 2015 to $108.32 million in 2025, a change of 134.1%.

In the past 11 quarters, Bankwell Financial Group's cash and equivalents has ranged from $191.38 million in Q2 2026 to $314.00 million in Q2 2025, and is currently $191.38 million as of their latest financial filing in Q2 2026.

Bankwell Financial Group had total debt of $179.70 million at the end of 2025, a 12.7% increase from 2024, and a 23.9% increase since 2015.

Over the last 10 years, Bankwell Financial Group's book value per share changed from 18.05 in 2015 to 38.27 in 2025, a change of 112.1%.


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Financial statements for NASDAQ:BWFG last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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