CoverageForm 410-K10-Q8-K13D13G13F

BWFG · Bankwell Financial Group, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · BWFG

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$2.83M$1.96M$1.63M$1.07M$872.0K$788.0K
Cost of Revenue------
Gross Profit------
R&D------
SG&A------
Total Operating Expenses------
D&A$4.08M$3.77M$3.62M$3.37M$3.58M$3.28M
Operating Income$48.49M$13.33M$48.04M$47.98M$7.30M$7.30M
Interest Expense--$93.99M$23.20M$13.49M$22.65M
Income Tax$13.30M$3.56M$11.38M$10.55M$7.28M$1.40M
Net Income$35.20M$9.77M$36.66M$37.43M$26.59M$5.90M
EPS - Basic$4.49$1.24$4.71$4.84$3.38$0.75
EPS - Diluted$4.45$1.23$4.67$4.79$3.36$0.75

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$224.92M$307.52M$269.16M$355.68M$344.68M$409.60M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$3.36B$3.27B$3.22B$3.25B$2.46B$2.25B
Current Liabilities------
Long-term Debt------
Total Liabilities$3.06B$3.00B$2.95B$3.01B$2.25B$2.08B
Stockholders' Equity$301.49M$270.52M$265.75M$238.47M$201.99M$176.60M
Retained Earnings$181.59M$152.66M$149.17M$123.64M$92.40M$70.84M

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$28.27M$29.94M$31.93M$82.67M$34.56M($1.51M)
Investing Cash Flow($165.19M)($33.96M)($48.30M)($811.16M)($270.02M)($21.94M)
Financing Cash Flow$54.31M$42.39M($70.15M)$739.49M$170.55M$355.00M
CapEx$1.14M$613.0K$2.04M$4.96M--
Free Cash Flow$27.13M$29.32M$29.88M$77.71M--

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin1716.0%679.0%2949.2%4476.0%837.3%926.5%
EBITDA margin1860.5%871.3%3171.6%4790.0%1248.2%1342.3%
Net margin1245.5%497.7%2250.6%3491.5%3048.9%749.2%
Free cash flow margin960.0%1493.8%1834.4%7249.1%--
FCF / Net income0.773.000.822.08--
R&D / Revenue------
SG&A / Revenue------
Effective tax rate27.4%26.7%23.7%22.0%21.5%19.1%
Return on assets1.0%0.3%1.1%1.2%1.1%0.3%
Return on equity11.7%3.6%13.8%15.7%13.2%3.3%
Return on invested capital------
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage--0.5x2.1x0.5x0.3x
Equity multiplier11.1412.0812.1013.6412.1612.76
Liabilities / Assets0.910.920.920.930.920.92
Efficiency
Asset turnover0.000.000.000.000.000.00
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E10.3x25.3x6.5x6.1x9.8x26.1x
P / B1.2x0.9x0.9x0.9x1.3x0.9x
P / S126.9x122.8x141.7x209.7x292.3x192.2x
EV / EBITDA2.5x-3.9x-0.7x-2.5x-8.2x-24.4x
Growth
Revenue growth (YoY)44.0%20.5%52.0%22.9%10.7%-
Revenue CAGR (3y)38.1%31.1%27.4%---
Revenue CAGR (5y)29.1%-----
Gross profit growth (YoY)------
Operating income growth (YoY)263.8%-72.3%0.1%557.2%0.0%-68.2%
Net income growth (YoY)260.3%-73.4%-2.0%40.8%350.3%-67.6%
EPS growth (YoY)261.8%-73.7%-2.5%42.6%348.0%-67.5%
EPS CAGR (3y)-2.4%-28.5%84.0%27.5%15.0%-25.0%
EPS CAGR (5y)42.8%-11.8%16.1%21.9%15.7%-9.1%
FCF growth (YoY)-7.5%-1.9%-61.5%---
FCF CAGR (5y)-37.4%16.3%33.0%--
Book value growth (YoY)11.4%1.8%11.4%18.1%14.4%-3.2%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

4/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • -Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: State Commercial Banks

CompanyRevenue (last FY)Net marginROE
ASB--9.5%
CZNC$5.98M392.0%6.9%
SBSI--8.2%
CBSH--14.9%
BUSE$719.58M18.8%5.5%

Comparing Bankwell Financial Group against the 5 most active filers in the same SIC group.

Dividends

$0.80/share trailing 12 months · 0.0% YoY

Ex-datePer share
May 8, 2026$0.2000
Feb 10, 2026$0.2000
Nov 10, 2025$0.2000
Aug 11, 2025$0.2000
May 9, 2025$0.2000
Feb 11, 2025$0.2000
Nov 8, 2024$0.2000
Aug 12, 2024$0.2000
May 9, 2024$0.2000
Feb 12, 2024$0.2000
Nov 9, 2023$0.2000
Aug 11, 2023$0.2000
May 11, 2023$0.2000
Feb 10, 2023$0.2000
Nov 9, 2022$0.2000
Aug 12, 2022$0.2000
May 12, 2022$0.2000
Feb 11, 2022$0.2000
Nov 10, 2021$0.1800
Aug 13, 2021$0.1800
May 13, 2021$0.1400
Feb 11, 2021$0.1400
Nov 12, 2020$0.1400
Aug 13, 2020$0.1400