Bankwell Financial Group, Inc.
Bankwell Financial Group, Inc.
Bankwell Financial Group, Inc. (BWFG) — SEC Financial Statements & Analysis
Bankwell Financial Group, Inc. (BWFG) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Due From Banks | 209 | 215 | 290 | 314 | 292 | 294 | 276 | 234 | 245 | 268 | 257 | 207 | |||||
Federal Funds Sold | 9 | 10 | 6 | 8 | 13 | 14 | 16 | 17 | 3 | 2 | 1 | 55 | |||||
Cash Cash Equivalents And Federal Funds Sold | 218 | 225 | 295 | 322 | 305 | 308 | 291 | 251 | 248 | 269 | 258 | 262 | |||||
Short Term Investments | |||||||||||||||||
Equity Securities Fv Ni | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Debt Securities Available For Sale Excluding Accru… | 156 | 160 | 96 | 104 | 97 | 107 | 109 | 108 | 108 | 110 | 98 | 100 | |||||
Debt Securities Held To Maturity Amortized Cost Af… | 29 | 29 | 30 | 36 | 36 | 37 | 35 | 28 | 16 | 16 | 16 | 16 | |||||
Short Term Investments | 188 | 192 | 128 | 143 | 136 | 146 | 146 | 138 | 126 | 128 | 116 | 118 | |||||
Financing Receivable Excluding Accrued Interest Af… | 2,833 | 2,804 | 2,684 | 2,636 | 2,611 | 2,673 | 2,592 | 2,617 | 2,647 | 2,685 | 2,735 | 2,737 | |||||
Other Real Estate | - | 0 | 1 | 1 | 0 | 8 | - | - | - | 0 | - | - | |||||
Interest Receivable | 16 | 16 | 16 | 15 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 14 | |||||
Federal Home Loan Bank Stock | 4 | 6 | 5 | 5 | 4 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | |||||
Property Plant And Equipment And Finance Lease Rig… | 21 | 22 | 22 | 23 | 23 | 24 | 25 | 26 | 26 | 27 | 27 | 28 | |||||
Bank Owned Life Insurance | 55 | 54 | 54 | 53 | 53 | 53 | 52 | 52 | 52 | 51 | 51 | 51 | |||||
Goodwill | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Deferred Income Tax Assets Net | 11 | 11 | 9 | 10 | 10 | 10 | 9 | 11 | 9 | 9 | 9 | 10 | |||||
Other Assets | 26 | 26 | 27 | 26 | 24 | 24 | 23 | 24 | 24 | 22 | 29 | 25 | |||||
Assets | 3,374 | 3,360 | 3,244 | 3,237 | 3,184 | 3,268 | 3,161 | 3,142 | 3,155 | 3,215 | 3,250 | 3,253 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities | |||||||||||||||||
Deposits | |||||||||||||||||
Noninterest Bearing Deposit Liabilities | 428 | 404 | 397 | 397 | 350 | 322 | 296 | 328 | 376 | 346 | 345 | 368 | |||||
Interest Bearing Deposit Liabilities | 2,457 | 2,426 | 2,360 | 2,362 | 2,401 | 2,466 | 2,393 | 2,334 | 2,297 | 2,391 | 2,423 | 2,421 | |||||
Deposits | 2,885 | 2,829 | 2,757 | 2,759 | 2,750 | 2,788 | 2,688 | 2,662 | 2,674 | 2,737 | 2,769 | 2,789 | |||||
Advances From Federal Home Loan Banks | 60 | 110 | 75 | 75 | 40 | 90 | 90 | 90 | 90 | 90 | 90 | 90 | |||||
Subordinated Long Term Debt | 70 | 70 | 70 | 70 | 70 | 69 | 69 | 69 | 69 | 69 | 69 | 69 | |||||
Accrued Liabilities And Other Liabilities | 47 | 49 | 49 | 49 | 49 | 51 | 46 | 53 | 54 | 54 | 64 | 56 | |||||
Liabilities | 3,062 | 3,058 | 2,951 | 2,953 | 2,909 | 2,998 | 2,893 | 2,875 | 2,887 | 2,950 | 2,992 | 3,004 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 121 | 120 | 119 | 119 | 118 | 119 | 118 | 118 | 118 | 118 | 117 | 117 | |||||
Retained Earnings Accumulated Deficit | 191 | 182 | 174 | 165 | 158 | 153 | 151 | 151 | 151 | 149 | 142 | 134 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | -0 | -1 | -1 | -1 | -1 | -2 | -2 | -2 | -2 | -2 | -2 | |||||
Stockholders Equity | 312 | 301 | 293 | 283 | 275 | 271 | 268 | 267 | 268 | 266 | 258 | 249 | |||||
Liabilities And Stockholders Equity | 3,374 | 3,360 | 3,244 | 3,237 | 3,184 | 3,268 | 3,161 | 3,142 | 3,155 | 3,215 | 3,250 | 3,253 | |||||
Subordinated Debt | 70 | 70 | 0 | 0 | 70 | 70 | 0 | 0 | 70 | 70 | 0 | 0 | |||||
Held To Maturity Securities Fair Value | 30 | 31 | 31 | 38 | 37 | 37 | 37 | 29 | 15 | 16 | 14 | 15 | |||||
Financing Receivable Allowance For Credit Loss Exc… | 30 | 31 | 30 | 29 | 29 | 29 | 28 | 36 | 28 | 28 | 29 | 31 | |||||
Common Stock No Par Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Common Stock Shares Issued | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
Shares Outstanding | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.35% | 14.64% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 2.71% | 7.15% | 10.64% | 7.22% | 16.10% | 13.13% | 5.32% | 7.76% | 8.70% | -1.39% | 4.98% | 8.58% |
| 2024 | 4.83% | 7.50% | 15.08% | 17.96% | 15.75% | 8.55% | 3.01% | -2.55% | -6.59% | 0.20% | 7.05% | 11.95% |
| 2023 | 10.21% | 12.66% | 27.77% | -3.69% | -11.43% | -13.14% | 13.69% | 21.16% | 19.31% | -1.72% | -6.40% | -2.69% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Leverage & Debt | |||||||||||||||||
| Interest Coverage TTM | - | - | - | - | - | 1.49 | 1.38 | 1.39 | 1.39 | 1.51 | 1.59 | 1.78 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.07 | 4.50 | 3.70 | 2.67 | 1.67 | 1.26 | 1.99 | 3.00 | 3.91 | 4.79 | 4.74 | 4.68 | |||||
| Free Cash Flow Per Share TTM | 3.96 | 3.50 | 4.39 | 3.02 | 3.16 | 3.80 | 1.85 | 3.55 | 4.23 | 3.94 | 6.28 | 6.97 | |||||
| Dividend Per Share TTM | 0.81 | 0.81 | 0.81 | 0.81 | 0.82 | 0.81 | 0.81 | 0.81 | 0.82 | 0.82 | 0.82 | 0.82 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | -3,116.74% | -3,417.06% | -3,809.68% | -4,254.18% | -4,676.16% | -5,438.05% | -6,057.47% | -6,922.18% | -7,253.98% | -6,820.56% | -6,101.01% | -4,707.64% | |||||
| Operating Profit Margin TTM | 1,794.17% | 1,716.03% | 1,449.32% | 1,129.22% | 761.34% | 679.01% | 1,005.72% | 1,733.69% | 2,402.85% | 2,949.23% | 3,673.44% | 3,732.28% | |||||
| Net Profit Margin TTM | 1,317.74% | 1,245.51% | 1,097.47% | 855.12% | 570.32% | 497.71% | 743.50% | 1,301.63% | 1,824.35% | 2,250.64% | 2,816.20% | 2,890.81% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 32.86% | 43.96% | 28.23% | 37.00% | 37.28% | 20.50% | 60.59% | 44.80% | 47.32% | 51.96% | 30.22% | 30.16% | |||||
| Net Income Growth (1Y) | 206.98% | 260.27% | 89.27% | -9.99% | -57.08% | -73.35% | -57.60% | -34.80% | -24.12% | -2.05% | -2.85% | 1.88% | |||||
| EPS Growth (1Y) | 204.83% | 258.40% | 87.81% | -10.34% | -57.12% | -73.77% | -58.24% | -36.10% | -25.19% | -2.36% | -3.42% | 1.38% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 9.43 | 10.01 | 11.71 | 13.20 | 17.54 | 23.86 | 14.54 | 8.12 | 6.28 | 5.88 | 4.76 | 4.83 | |||||
| P/B | 1.20 | 1.17 | 1.16 | 0.97 | 0.82 | 0.86 | 0.83 | 0.70 | 0.70 | 0.81 | 0.67 | 0.69 | |||||
| P/S TTM | 124.28 | 124.68 | 128.51 | 112.86 | 100.03 | 118.78 | 108.08 | 105.63 | 114.55 | 132.39 | 134.18 | 139.60 | |||||
| Market Cap | 373.34M | 352.33M | 339.78M | 275.37M | 226.16M | 233.16M | 222.87M | 188.13M | 188.67M | 215.66M | 172.29M | 171.71M | |||||
| Enterprise Value | 225.20M | 197.11M | 114.06M | 22.48M | -9.25M | -4.92M | 921.58K | 6.08M | 10.31M | 15.71M | -16.67M | -21.26M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 30.56M | 27.13M | 34.12M | 23.52M | 24.21M | 29.32M | 14.28M | 27.52M | 32.42M | 29.88M | 47.74M | 52.96M | |||||
| Net Debt | -148.14M | -155.22M | -225.72M | -252.89M | -235.42M | -238.07M | -221.95M | -182.05M | -178.36M | -199.95M | -188.95M | -192.97M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
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| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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