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Bankwell Financial Group (BWFG) Financials

Bankwell Financial Group logo
$58.60 0.00 (0.00%)
Closing price 07/2/2026 04:00 PM Eastern
Extended Trading
$58.68 +0.07 (+0.13%)
As of 07/2/2026 05:39 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
Net Income / (Loss) Attributable to Common Shareholders		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
Consolidated Net Income / (Loss)		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
Net Income / (Loss) Continuing Operations		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
Total Pre-Tax Income 		13 11 5.08 1.47 2.71 4.06 8.97 12 13 14 14
Total Revenue		 23 23 22 22 22 21 24 26 28 30 30
Net Interest Income / (Expense)		 23 22 21 21 21 20 22 24 26 27 27
Total Interest Income		 48 49 48 48 48 48 48 49 51 51 51
Loans and Leases Interest Income		 44 44 43 43 44 43 43 44 46 47 47
Investment Securities Interest Income		 4.41 5.27 4.96 4.62 4.60 4.99 5.00 4.52 4.26 3.87 3.75
Total Interest Expense		 26 27 27 26 27 28 26 25 25 24 24
Deposits Interest Expense		 24 25 25 25 26 26 25 23 23 22 22
Long-Term Debt Interest Expense		 1.78 1.84 1.77 1.78 1.90 2.00 1.64 1.63 2.02 1.28 1.72
Total Non-Interest Income		 0.79 1.13 0.92 0.68 1.16 0.96 1.51 2.01 2.50 3.38 3.34
Other Service Charges		 0.25 0.73 0.27 -0.19 0.68 0.90 0.72 0.58 0.76 0.83 -0.22
Net Realized & Unrealized Capital Gains on Investments		 0.24 0.08 0.32 0.05 0.13 0.02 0.44 1.08 1.37 2.18 2.43
Other Non-Interest Income		 0.30 0.32 0.33 0.83 0.35 0.04 0.34 0.35 0.36 0.36 1.14
Provision for Credit Losses		 -1.58 -0.96 3.68 8.18 6.30 4.46 0.46 -0.41 0.37 0.62 -1.03
Total Non-Interest Expense		 12 13 13 12 13 13 14 15 15 15 17
Salaries and Employee Benefits		 6.04 6.09 6.29 6.18 6.22 5.06 7.05 7.52 8.00 7.72 9.83
Net Occupancy & Equipment Expense		 2.89 2.98 3.06 2.99 3.19 3.51 3.46 3.22 3.10 3.45 3.42
Marketing Expense		 0.18 0.14 0.11 0.09 0.07 0.18 0.14 0.22 0.14 0.11 0.13
Property & Liability Insurance Claims		 1.03 1.03 0.93 0.71 0.85 0.86 0.78 0.68 0.61 0.61 0.54
Other Operating Expenses		 2.07 2.63 2.90 2.28 2.53 3.05 2.71 2.91 2.78 3.58 2.97
Income Tax Expense		 3.07 2.95 1.32 0.36 0.79 1.10 2.08 2.73 3.40 5.09 3.09
Basic Earnings per Share		 $1.25 $1.10 $0.48 $0.14 $0.24 $0.38 $0.88 $1.16 $1.28 $1.17 $1.42
Weighted Average Basic Shares Outstanding		 7.60M 7.59M 7.66M 7.75M 7.72M 7.71M 7.67M 7.78M 7.77M 7.75M 7.72M
Diluted Earnings per Share		 $1.25 $1.07 $0.48 $0.14 $0.24 $0.37 $0.87 $1.15 $1.27 $1.16 $1.41
Weighted Average Diluted Shares Outstanding		 7.63M 7.65M 7.69M 7.72M 7.72M 7.74M 7.74M 7.82M 7.84M 7.83M 7.80M
Weighted Average Basic & Diluted Shares Outstanding		 7.84M 7.94M 7.90M 7.86M 7.86M 7.91M 7.87M 7.88M 7.88M 7.98M 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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
Net Change in Cash & Equivalents		 -3.96 11 -22 3.75 40 16 -2.60 18 -27 -70 -7.02
Net Cash From Operating Activities		 13 -0.53 9.03 7.15 -0.56 14 3.93 6.47 10 7.55 7.72
Net Cash From Continuing Operating Activities		 13 -0.53 9.03 7.15 -0.56 14 3.93 6.47 10 7.55 7.72
Net Income / (Loss) Continuing Operations		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
Consolidated Net Income / (Loss)		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
Provision For Loan Losses		 -1.58 -0.96 3.68 8.18 6.30 4.46 0.46 -0.41 0.37 0.62 -1.03
Depreciation Expense		 0.90 0.94 0.94 0.93 0.93 0.97 0.97 1.00 1.04 1.07 1.11
Amortization Expense		 0.08 0.06 0.06 0.15 0.11 0.08 0.09 0.10 0.07 0.05 0.12
Non-Cash Adjustments to Reconcile Net Income		 0.72 0.51 0.72 -1.89 2.08 -0.25 -0.30 -2.26 0.05 -3.22 -1.67
Changes in Operating Assets and Liabilities, net		 2.82 -9.61 -0.14 -1.35 -12 6.09 -4.20 -1.04 -1.28 -0.11 -2.08
Net Cash From Investing Activities		 5.13 45 35 10 17 -96 83 -31 -34 -183 -19
Net Cash From Continuing Investing Activities		 5.13 45 35 10 17 -96 83 -31 -34 -183 -19
Purchase of Property, Leasehold Improvements and Equipment		 -0.14 -0.25 -0.08 -0.37 -0.12 -0.05 -0.10 -0.38 -0.40 -0.27 -0.47
Purchase of Investment Securities		 -0.06 -9.86 0.03 -13 -6.66 -12 2.06 -11 -0.56 -77 1.97
Sale and/or Maturity of Investments		 4.22 2.08 4.30 1.55 2.64 12 24 14 28 36 26
Other Investing Activities, net		 1.12 53 31 22 21 -96 57 -33 -61 -142 -46
Net Cash From Financing Activities		 -22 -33 -66 -14 24 98 -90 42 -3.43 106 4.04
Net Cash From Continuing Financing Activities		 -22 -33 -66 -14 24 98 -90 42 -3.43 106 4.04
Net Change in Deposits		 -20 -32 -63 -11 26 99 -37 8.84 -1.87 72 56
Issuance of Debt		 - - - - - - 0.00 - - 80 45
Repayment of Debt		 - - 0.00 - - - -50 35 -110 -45 -95
Repurchase of Common Equity		 - - -0.92 -0.99 -0.23 - -0.91 -0.42 - - -0.15
Payment of Dividends		 -1.56 -1.56 -1.58 -1.57 -1.56 -1.56 -1.57 -1.56 -1.57 -1.57 -1.58
Cash Interest Paid		 22 31 27 27 29 26 26 25 25 24 24

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

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 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 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
DEI Shares Outstanding		 7,831,616.00 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
DEI Adjusted Shares Outstanding		 7,831,616.00 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
DEI Earnings Per Adjusted Shares Outstanding		 1.25 1.09 0.47 0.14 0.25 - 0.87 1.15 1.28 1.16 1.41
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -6.10% -14.50% -18.49% -13.74% -6.83% -9.46% 6.84% 18.47% 30.22% 43.28% 28.25%
EBITDA Growth		 9.75% 7.50% -58.12% -77.05% -72.87% -59.04% 65.04% 404.85% 288.78% 200.51% 55.39%
EBIT Growth		 10.87% 8.27% -62.49% -85.51% -78.90% -64.59% 76.45% 701.42% 397.01% 250.55% 60.24%
NOPAT Growth		 6.57% 6.27% -63.74% -86.00% -80.30% -65.24% 83.05% 712.88% 423.26% 208.61% 63.69%
Net Income Growth		 6.57% 6.27% -63.74% -86.00% -80.30% -65.24% 83.05% 712.88% 423.26% 208.61% 63.69%
EPS Growth		 5.93% 4.90% -63.91% -86.27% -80.80% -65.42% 81.25% 721.43% 429.17% 213.51% 62.07%
Operating Cash Flow Growth		 -31.00% -102.98% 26.94% -43.39% -104.38% 2,816.32% -56.53% -9.48% 1,954.58% -47.28% 96.79%
Free Cash Flow Firm Growth		 81.23% 81.54% 76.93% 50.52% 50.19% 89.21% 322.71% 143.54% 99.59% -1,951.24% -192.24%
Invested Capital Growth		 6.82% 6.93% 6.47% 4.51% 2.47% 1.18% -9.96% 0.37% 2.37% 11.91% 14.79%
Revenue Q/Q Growth		 -7.54% -0.44% -5.61% -0.73% -0.13% -3.25% 11.38% 10.08% 9.77% 6.46% -0.31%
EBITDA Q/Q Growth		 24.10% -9.82% -51.27% -57.92% 46.68% 36.17% 96.38% 28.72% 12.95% 5.25% 1.54%
EBIT Q/Q Growth		 26.34% -10.75% -55.69% -71.00% 83.99% 49.74% 120.81% 31.74% 14.10% 5.62% 0.93%
NOPAT Q/Q Growth		 22.47% -12.82% -55.85% -70.29% 72.27% 53.84% 132.47% 31.94% 10.89% -9.27% 23.30%
Net Income Q/Q Growth		 22.47% -12.82% -55.85% -70.29% 72.27% 53.84% 132.47% 31.94% 10.89% -9.27% 23.30%
EPS Q/Q Growth		 22.55% -14.40% -55.14% -70.83% 71.43% 54.17% 135.14% 32.18% 10.43% -8.66% 21.55%
Operating Cash Flow Q/Q Growth		 0.67% -104.15% 1,813.28% -20.82% -107.79% 2,670.02% -72.58% 64.87% 59.64% -26.94% 2.35%
Free Cash Flow Firm Q/Q Growth		 51.84% -12.92% -16.85% 22.14% 51.51% 75.54% 2,511.46% -84.78% -100.45% -123,638.24% -8.44%
Invested Capital Q/Q Growth		 2.23% 1.91% 0.55% -0.23% 0.24% 0.62% -10.52% 11.21% 2.24% 10.00% -8.22%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 58.92% 53.37% 27.55% 11.68% 17.15% 24.14% 42.57% 49.77% 51.21% 50.63% 51.57%
EBIT Margin		 54.74% 49.07% 23.04% 6.73% 12.40% 19.19% 38.04% 45.53% 47.32% 46.95% 47.53%
Profit (Net Income) Margin		 41.65% 36.47% 17.06% 5.10% 8.81% 14.00% 29.22% 35.02% 35.38% 30.16% 37.30%
Tax Burden Percent		 76.08% 74.32% 74.05% 75.85% 71.02% 72.96% 76.82% 76.93% 74.77% 64.23% 78.47%
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		 23.92% 25.68% 25.95% 24.15% 28.98% 27.04% 23.19% 23.07% 25.23% 35.77% 21.53%
Return on Invested Capital (ROIC)		 10.65% 8.81% 3.88% 1.11% 1.86% 2.85% 6.37% 7.59% 8.12% 7.17% 10.38%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.65% 8.81% 3.88% 1.11% 1.86% 2.85% 6.37% 7.59% 8.12% 7.17% 10.38%
Return on Net Nonoperating Assets (RNNOA)		 6.92% 5.56% 2.42% 0.69% 1.13% 1.69% 3.15% 4.19% 4.40% 4.25% 4.23%
Return on Equity (ROE)		 17.58% 14.37% 6.30% 1.80% 2.99% 4.54% 9.52% 11.78% 12.52% 11.42% 14.61%
Cash Return on Invested Capital (CROIC)		 2.37% 2.22% 0.98% 1.14% 1.19% 1.11% 13.66% 4.52% 4.37% -3.52% -4.19%
Operating Return on Assets (OROA)		 1.89% 1.51% 0.68% 0.19% 0.35% 0.51% 1.06% 1.32% 1.47% 1.53% 1.67%
Return on Assets (ROA)		 1.44% 1.12% 0.50% 0.15% 0.25% 0.38% 0.82% 1.02% 1.10% 0.99% 1.31%
Return on Common Equity (ROCE)		 17.58% 14.37% 6.30% 1.80% 2.99% 4.54% 9.52% 11.78% 12.52% 11.42% 14.61%
Return on Equity Simple (ROE_SIMPLE)		 14.02% 0.00% 11.21% 8.68% 5.72% 0.00% 4.69% 7.37% 9.91% 0.00% 12.69%
Net Operating Profit after Tax (NOPAT)		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
NOPAT Margin		 41.65% 36.47% 17.06% 5.10% 8.81% 14.00% 29.22% 35.02% 35.38% 30.16% 37.30%
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		 38.79% 39.38% 42.91% 42.27% 43.35% 41.28% 45.20% 42.22% 39.45% 37.19% 44.25%
Operating Expenses to Revenue		 51.99% 55.04% 60.27% 55.91% 58.82% 59.75% 59.99% 56.06% 51.37% 51.02% 55.87%
Earnings before Interest and Taxes (EBIT)		 13 11 5.08 1.47 2.71 4.06 8.97 12 13 14 14
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 14 12 6.08 2.56 3.75 5.11 10 13 15 15 16
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.71 0.86 0.75 0.73 0.86 0.90 0.85 1.00 1.19 1.19 1.24
Price to Tangible Book Value (P/TBV)		 0.72 0.87 0.75 0.74 0.87 0.91 0.86 1.01 1.20 1.20 1.25
Price to Revenue (P/Rev)		 1.78 2.30 2.12 2.15 2.58 2.80 2.64 3.07 3.52 3.32 3.37
Price to Earnings (P/E)		 5.09 6.22 6.66 8.42 14.99 24.90 18.15 13.60 12.01 10.21 9.78
Dividend Yield		 4.25% 2.75% 3.17% 3.24% 2.74% 2.58% 2.70% 2.22% 1.81% 1.75% 1.65%
Earnings Yield		 19.64% 16.07% 15.02% 11.88% 6.67% 4.02% 5.51% 7.36% 8.32% 9.79% 10.23%
Enterprise Value to Invested Capital (EV/IC)		 0.20 0.28 0.26 0.24 0.23 0.22 0.10 0.25 0.45 0.65 0.68
Enterprise Value to Revenue (EV/Rev)		 0.82 1.19 1.18 1.14 1.10 1.09 0.44 1.14 2.00 2.90 2.60
Enterprise Value to EBITDA (EV/EBITDA)		 1.67 2.27 2.56 2.95 3.94 5.44 1.80 3.33 4.64 5.94 5.11
Enterprise Value to EBIT (EV/EBIT)		 1.81 2.46 2.82 3.34 4.72 7.14 2.24 3.84 5.16 6.48 5.55
Enterprise Value to NOPAT (EV/NOPAT)		 2.36 3.22 3.72 4.45 6.38 9.74 3.00 5.07 6.82 8.93 7.55
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.70 3.70 3.30 3.64 6.48 3.18 1.56 4.38 5.65 11.12 9.32
Enterprise Value to Free Cash Flow (EV/FCFF)		 8.91 12.94 27.39 21.60 19.49 20.01 0.70 5.48 10.47 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.62 0.60 0.59 0.60 0.59 0.59 0.40 0.51 0.49 0.60 0.42
Long-Term Debt to Equity		 0.62 0.60 0.59 0.60 0.59 0.59 0.40 0.51 0.49 0.60 0.42
Financial Leverage		 0.65 0.63 0.62 0.62 0.61 0.59 0.49 0.55 0.54 0.59 0.41
Leverage Ratio		 12.21 12.83 12.56 12.40 12.19 12.09 11.67 11.59 11.42 11.59 11.17
Compound Leverage Factor		 12.21 12.83 12.56 12.40 12.19 12.09 11.67 11.59 11.42 11.59 11.17
Debt to Total Capital		 38.16% 37.46% 37.27% 37.37% 37.30% 37.08% 28.47% 33.79% 33.07% 37.34% 29.38%
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		 38.16% 37.46% 37.27% 37.37% 37.30% 37.08% 28.47% 33.79% 33.07% 37.34% 29.38%
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		 61.84% 62.54% 62.73% 62.63% 62.70% 62.92% 71.53% 66.21% 66.93% 62.66% 70.62%
Debt to EBITDA		 3.11 3.06 3.66 4.56 6.41 9.11 5.11 4.55 3.39 3.40 2.22
Net Debt to EBITDA		 -1.94 -2.12 -2.03 -2.63 -5.31 -8.46 -9.11 -5.59 -3.53 -0.86 -1.51
Long-Term Debt to EBITDA		 3.11 3.06 3.66 4.56 6.41 9.11 5.11 4.55 3.39 3.40 2.22
Debt to NOPAT		 4.40 4.34 5.30 6.87 10.40 16.32 8.49 6.93 4.98 5.11 3.28
Net Debt to NOPAT		 -2.74 -3.00 -2.94 -3.97 -8.61 -15.16 -15.15 -8.53 -5.19 -1.28 -2.23
Long-Term Debt to NOPAT		 4.40 4.34 5.30 6.87 10.40 16.32 8.49 6.93 4.98 5.11 3.28
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)		 -17 -19 -22 -17 -8.38 -2.05 49 7.53 -0.03 -42 -46
Operating Cash Flow to CapEx		 8,828.47% -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%
Free Cash Flow to Firm to Interest Expense		 -0.66 -0.70 -0.82 -0.65 -0.31 -0.07 1.87 0.30 0.00 -1.78 -1.93
Operating Cash Flow to Interest Expense		 0.50 -0.02 0.33 0.27 -0.02 0.52 0.15 0.26 0.42 0.32 0.33
Operating Cash Flow Less CapEx to Interest Expense		 0.49 -0.03 0.33 0.26 -0.02 0.52 0.14 0.25 0.40 0.31 0.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04
Fixed Asset Turnover		 3.80 3.66 3.51 3.41 3.45 3.42 3.60 3.81 4.20 4.77 5.24
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 417 425 427 426 427 430 385 428 437 481 442
Invested Capital Turnover		 0.26 0.24 0.23 0.22 0.21 0.20 0.22 0.22 0.23 0.24 0.28
Increase / (Decrease) in Invested Capital		 27 28 26 18 10 5.01 -43 1.56 10 51 57
Enterprise Value (EV)		 85 118 112 103 98 95 39 106 198 314 299
Market Capitalization		 184 228 200 195 230 243 234 284 349 359 387
Book Value per Share		 $32.93 $33.89 $33.77 $33.80 $34.73 $34.42 $34.81 $35.98 $37.17 $38.27 $39.10
Tangible Book Value per Share		 $32.60 $33.56 $33.44 $33.47 $34.39 $34.09 $34.48 $35.65 $36.84 $37.94 $38.77
Total Capital		 417 425 427 426 427 430 385 428 437 481 442
Total Debt		 159 159 159 159 159 159 110 145 145 180 130
Total Long-Term Debt		 159 159 159 159 159 159 110 145 145 180 130
Net Debt		 -99 -110 -88 -92 -132 -148 -195 -178 -151 -45 -88
Capital Expenditures (CapEx)		 0.14 0.25 0.08 0.37 0.12 0.05 0.10 0.38 0.40 0.27 0.47
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)		 159 159 159 159 159 159 110 145 145 180 130
Total Depreciation and Amortization (D&A)		 0.98 1.00 1.00 1.08 1.04 1.05 1.07 1.10 1.11 1.12 1.22
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.25 $1.10 $0.48 $0.14 $0.24 $0.38 $0.88 $1.16 $1.28 $1.17 $1.42
Adjusted Weighted Average Basic Shares Outstanding		 7.60M 7.59M 7.66M 7.75M 7.72M 7.71M 7.67M 7.78M 7.77M 7.75M 7.72M
Adjusted Diluted Earnings per Share		 $1.25 $1.07 $0.48 $0.14 $0.24 $0.37 $0.87 $1.15 $1.27 $1.16 $1.41
Adjusted Weighted Average Diluted Shares Outstanding		 7.63M 7.65M 7.69M 7.72M 7.72M 7.74M 7.74M 7.82M 7.84M 7.83M 7.80M
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		 7.84M 7.94M 7.90M 7.86M 7.86M 7.91M 7.87M 7.88M 7.88M 7.98M 7.97M
Normalized Net Operating Profit after Tax (NOPAT)		 9.78 8.52 3.76 1.12 1.93 2.96 6.89 9.09 10 9.14 11
Normalized NOPAT Margin		 41.65% 36.47% 17.06% 5.10% 8.81% 14.00% 29.22% 35.02% 35.38% 30.16% 37.30%
Pre Tax Income Margin		 54.74% 49.07% 23.04% 6.73% 12.40% 19.19% 38.04% 45.53% 47.32% 46.95% 47.53%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.50 0.42 0.19 0.06 0.10 0.15 0.34 0.48 0.55 0.60 0.61
NOPAT to Interest Expense		 0.38 0.31 0.14 0.04 0.07 0.11 0.26 0.37 0.41 0.39 0.48
EBIT Less CapEx to Interest Expense		 0.50 0.41 0.18 0.04 0.09 0.15 0.34 0.46 0.53 0.59 0.59
NOPAT Less CapEx to Interest Expense		 0.38 0.30 0.14 0.03 0.07 0.11 0.26 0.35 0.39 0.38 0.46
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 17.18% 17.02% 20.84% 27.07% 40.96% 64.31% 48.65% 30.03% 21.59% 17.81% 15.85%
Augmented Payout Ratio		 17.18% 17.02% 23.91% 35.29% 54.90% 86.18% 65.16% 37.53% 26.19% 21.60% 17.30%

Financials Breakdown Chart

Key Financial Trends

Bankwell Financial Group’s Q1 2026 results showed solid profitability, but with some signs of margin pressure and balance-sheet rebalancing. The bank earned $11.3 million in net income, up from $9.1 million in Q4 2025 and $6.9 million in Q1 2025. Revenue also improved year over year, helped by stronger non-interest income, while operating cash flow remained positive. At the same time, higher deposit costs, a sharp rise in debt activity, and a large quarter-over-quarter drop in cash suggest the company is actively managing liquidity rather than simply building it.

  • Net income improved meaningfully year over year. Q1 2026 net income of $11.3 million was up from $6.9 million in Q1 2025 and $9.1 million in Q4 2025.
  • Revenue growth was supported by non-interest income. Total revenue rose to $30.2 million in Q1 2026, compared with $23.6 million in Q1 2025.
  • Non-interest income rebounded strongly. It increased to $3.3 million from $1.5 million a year earlier, aided by investment gains and other fee-related income.
  • Operating cash flow remained healthy. Net cash from operating activities was $7.7 million in Q1 2026, showing the business continued to generate cash from core operations.
  • Book equity continued to grow. Total common equity reached $311.9 million, up from $275.2 million in Q1 2025.
  • Loan growth was modest. Net loans and leases rose to $2.83 billion from $2.61 billion a year earlier, a steady but not explosive increase.
  • Loan-loss provisioning stayed low overall. The Q1 2026 provision for credit losses was $1.0 million, versus a larger $4.5 million in Q4 2024 and $8.2 million in Q2 2024, suggesting credit costs have normalized from prior highs.
  • Dividend policy appears unchanged. Cash dividends to common were $0.20 per share, consistent with prior periods.
  • Interest expense remained a heavy drag on profitability. Total interest expense was $23.7 million in Q1 2026, with deposits interest expense still the largest component at $21.9 million.
  • Cash fell sharply during the quarter. Net change in cash and equivalents was negative $7.0 million, and cash and due from banks dropped to $208.9 million from $289.6 million at Q3 2025.
  • Debt activity was aggressive. The company issued $45 million of debt but repaid $95 million in Q1 2026, indicating significant refinancing or balance-sheet adjustment.
  • Investing cash flows were deeply negative. Net cash from investing activities was negative $18.8 million, driven by large “other investing activities” outflows.
  • Non-interest expense stayed elevated. Total non-interest expense was $16.9 million, up from $14.5 million in Q2 2025 and $14.6 million in Q3 2025, which can pressure margins if revenue growth slows.

Bottom line: BWFG’s latest quarter looks profitable and generally stable, with improving earnings and decent core cash generation. However, the bank is still operating in a higher-rate, higher-funding-cost environment, and its cash and financing trends suggest active balance-sheet management rather than a clean expansion story. Investors may want to watch whether deposit costs ease and whether the jump in non-interest income proves sustainable.

07/05/26 08:31 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 financial year ends in December. Their financial 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. See Bankwell Financial Group's forecast for analyst expectations on what's next for the company.

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%.

Bankwell Financial Group's total liabilities were at $3.06 billion at the end of 2025, a 2.0% increase from 2024, and a 155.2% increase since 2015.

In the past 10 years, Bankwell Financial Group's cash and equivalents has ranged from $49.56 million in 2015 to $405.34 million in 2020, and is currently $214.57 million as of their latest financial filing in 2025.

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 7/2/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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