Bankwell Financial Group, Inc. BWFG
•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
67.39
2026-09-04
Market cap
$537.2M
2026-06-30 share count
52-week range
40.45 - 69.59
Valuation FY2025 figures against the last close
P/S190.1x
P/E15.1x
P/FCF19.8x
EV/EBITDA—
Dividend yield1.2%
Diluted EPS4.45
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 4.49 | 1.24 | 4.71 | 4.84 | 3.38 | 0.75 | 2.32 | 2.23 | 1.80 | 1.64 |
| EPS, diluted | 4.45 | 1.23 | 4.67 | 4.79 | 3.36 | 0.75 | 2.31 | 2.21 | 1.78 | 1.62 |
| Shares, diluted (wtd. avg.) | $7.8M | $7.7M | $7.6M | $7.6M | $7.8M | $7.7M | $7.8M | $7.8M | $7.7M | $7.5M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |