Bankwell Financial Group, Inc. (BWFG) — Financial statements
Income statement, balance sheet, and cash flow for Bankwell Financial Group, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 208↑6.1% | 196↑1.2% | 193↑59.8% | 121↑39.0% | 87 | |
| Cost of Revenue | 100↓23.5% | 131↑38.5% | 95↑231.2% | 29↑113.2% | 13 | |
| Gross Profit | 107↑66.6% | 64↓34.6% | 98↑6.6% | 92↑25.5% | 74 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 34↑18.6% | 29↓5.3% | 31↑21.0% | 25↑21.2% | 21 | |
| Selling & Marketing Expenses | 0.61↑34.5% | 0.45↓30.6% | 0.65↑77.9% | 0.37↓9.4% | 0.40 | |
| SG&A Expenses | 35↑18.9% | 29↓5.9% | 31↑21.8% | 26↑20.6% | 21 | |
| Other Expenses | 24↑10.1% | 22↑13.0% | 19↑2.4% | 19↑1.3% | 18 | |
| Operating Expenses | 59↑15.2% | 51↑1.3% | 50↑13.6% | 44↑11.6% | 40 | |
| Total Costs & Expenses | 159↓12.7% | 182↑25.6% | 145↑99.0% | 73↑37.3% | 53 | |
| Operating Results | ||||||
| Operating Income | 48↑263.8% | 13↓72.3% | 48↑0.1% | 48↑41.7% | 34 | |
| Depreciation & Amortization | 4↑8.2% | 4↑4.2% | 4↑7.6% | 3↓6.1% | 4 | |
| EBITDA | 53↑207.4% | 17↓66.9% | 52↑0.6% | 51↑37.1% | 37 | |
| EBIT | 48↑263.8% | 13↓72.3% | 48↑0.1% | 48↑41.7% | 34 | |
| Interest & Other Income | ||||||
| Net Interest Income | 99↑18.8% | 83↓11.8% | 94↓0.3% | 95↑39.6% | 68 | |
| Interest Income | 198↑3.3% | 192↑1.9% | 188↑59.8% | 118↑44.9% | 81 | |
| Interest Expense | 99↓8.6% | 109↑15.7% | 94↑305.1% | 23↑72.0% | 13 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 48↑263.8% | 13↓72.3% | 48↑0.1% | 48↑41.7% | 34 | |
| Income Tax Expense | 13↑273.6% | 4↓68.7% | 11↑7.8% | 11↑45.1% | 7 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 35↑260.3% | 10↓73.4% | 37↓2.0% | 37↑40.8% | 27 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 35↑260.3% | 10↓73.4% | 37↓2.0% | 37↑40.8% | 27 | |
| Bottom-Line Net Income | 35↑265.2% | 10↓73.3% | 36↓2.5% | 37↑40.4% | 26 | |
| EPS (Basic) | 4.49↑262.1% | 1.24↓73.7% | 4.71↓2.7% | 4.84↑43.2% | 3.38 | |
| EPS (Diluted) | 4.45↑261.8% | 1.23↓73.7% | 4.67↓2.5% | 4.79↑42.6% | 3.36 | |
| Weighted Average Shares | 8↑0.5% | 8↑1.6% | 8↑0.3% | 8↓1.9% | 8 | |
| Weighted Average Diluted Shares | 8↑1.1% | 8↑1.2% | 8↑0.1% | 8↓1.6% | 8 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.