Bankwell Financial Group, Inc. BWFG

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

•Disruptions to economic conditions, the financial and labor markets and workplace operating environments;

•Local, regional and national business or economic conditions may differ from those expected;

•Our Allowance for Credit Losses-Loans ("ACL-Loans") may not be adequate to absorb loan losses;

•Increased competition within our market which may limit our growth and profitability;

Last close 67.20 2026-10-23
Market cap $535.7M 2026-06-30 share count
52-week range 42.50 - 69.59

Valuation FY2025 figures against the last close

P/S189.6x
P/E15.1x
P/FCF19.7x
EV/EBITDA—
Dividend yield1.2%
Diluted EPS4.45

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.8M$2.0M$1.6M$1.1M$872.0K$788.0K$1.0M$1.1M$71.2M$61.0M
Interest expense $98.9M$83.3M$94.5M$23.2M$13.5M$22.7M$29.2M$23.7M$16.8M$11.9M
Pre-tax income $48.5M$13.3M$48.0M$48.0M$33.9M$7.3M$22.9M$21.2M$25.1M$18.3M
Income tax $13.3M$3.6M$11.4M$10.6M$7.3M$1.4M$4.7M$3.7M$11.3M$6.0M
Net income $35.2M$9.8M$36.7M$37.4M$26.6M$5.9M$18.2M$17.4M$13.8M$12.3M
EPS, basic 4.491.244.714.843.380.752.322.231.801.64
EPS, diluted 4.451.234.674.793.360.752.312.211.781.62
Shares, diluted (wtd. avg.) 7.8M7.7M7.6M7.6M7.8M7.7M7.8M7.8M7.7M7.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $224.9M$307.5M$269.2M$355.7M$344.7M$409.6M$78.1M$78.1M$70.7M$96.4M
Short-term investments $192.1M$146.1M$127.6M$121.6M$108.4M$106.9M$100.9M$116.6M$113.8M—
Property, plant and equipment ——————$28.5M$19.8M$18.2M$17.8M
Goodwill $2.6M$2.6M$2.6M$2.6M$2.6M$2.6M$2.6M$2.6M$2.6M$2.6M
Other intangibles ————$0$76.0K$214.0K$290.0K$382.0K$501.0K
Total assets $3.36B$3.27B$3.22B$3.25B$2.46B$2.25B$1.88B$1.87B$1.80B$1.63B
Total liabilities $3.06B$3.00B$2.95B$3.01B$2.25B$2.08B$1.70B$1.70B$1.64B$1.48B
Retained earnings $181.6M$152.7M$149.2M$123.6M$92.4M$70.8M$69.3M$54.7M$41.0M$29.7M
Total equity $301.5M$270.5M$265.8M$238.5M$202.0M$176.6M$182.4M$174.2M$161.0M$145.9M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $28.3M$29.9M$31.9M$82.7M$34.6M-$1.5M$6.6M$20.0M$20.6M$17.4M
Depreciation and amortisation $4.1M$3.8M$3.6M$3.4M$3.6M$3.3M$3.4M$1.7M$1.5M$1.7M
Stock-based compensation $2.3M$3.0M$3.1M$2.4M$1.8M$1.8M$1.0M$1.3M$917.0K$1.2M
Capital expenditure $1.1M$613.0K$2.0M$5.0M——$645.0K$3.4M$1.9M$8.4M
Investing cash flow -$165.2M-$34.0M-$48.3M-$811.2M-$270.0M-$21.9M$18.7M-$74.6M-$194.5M-$291.7M
Financing cash flow $54.3M$42.4M-$70.1M$739.5M$170.6M$355.0M-$25.4M$62.0M$148.3M$282.1M
Dividends paid $6.3M$6.3M$6.2M$6.2M$5.0M$4.4M$4.1M$3.8M$2.1M$1.7M
Buybacks $1.3M$2.1M$0$5.5M$5.1M$1.0M$988.0K$0$0—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001505732-26-000064.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M 80M Revenue, FY2016: 61M Net income, FY2016: 12.3M Revenue, FY2017: 71.2M Net income, FY2017: 13.8M Revenue, FY2018: 1.1M Net income, FY2018: 17.4M Revenue, FY2019: 1M Net income, FY2019: 18.2M Revenue, FY2020: 788K Net income, FY2020: 5.9M Revenue, FY2021: 872K Net income, FY2021: 26.6M Revenue, FY2022: 1.1M Net income, FY2022: 37.4M Revenue, FY2023: 1.6M Net income, FY2023: 36.7M Revenue, FY2024: 2M Net income, FY2024: 9.8M Revenue, FY2025: 2.8M Net income, FY2025: 35.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $61.0M $71.2M $1.1M $1.0M $788.0K $872.0K $1.1M $1.6M $2.0M $2.8M
Gross profit — — — — — — — — — —
Net income $12.3M $13.8M $17.4M $18.2M $5.9M $26.6M $37.4M $36.7M $9.8M $35.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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